Budget Chain Aldi Sees Profit Boom In Britain

Five Secrets To Discount Supermarkets' Success Updated: 12:24pm UK, Monday 29 September 2014 German discounters Aldi and Lidl continue to record stellar growth figures as the middle-class warm to their products and the big four supermarket chains battle...

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Five Secrets To Discount Supermarkets' Success

German discounters Aldi and Lidl continue to record stellar growth figures as the middle-class warm to their products and the big four supermarket chains battle it out in the bitter price war. BIG IS NOT ALWAYS BETTER Over decades the big supermarket...

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Lloyds Sacks Eight And Stops Bonuses Over Libor

Lloyds Banking Group has sacked eight staff and forfeited their bonuses of £3m, over Libor and currency manipulation attempts. The staff members of the taxpayer-backed bank were found guilty of misconduct for actions between 2006 and 2009. The findings...

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Vauxhall Recall: Warning Over Corsa Steering

Recalls By Carmakers On The Rise Updated: 11:25am UK, Saturday 27 September 2014 The recall by Vauxhall of around 3,000 vehicles because of a steering problem is just the latest in a series of headaches for motor manufacturers. Last year, manufacturers...

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Vast Food: Restaurants Urged To Cut Portions

By Poppy Trowbridge, Consumer Affairs Correspondent Restaurants should cut portion sizes or charge more for large servings to help reduce food waste and fight obesity, experts have said. The Chartered Institute of Environmental Health said the...

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Tory Plan To Lower Benefits Cap To £23,000

UKIP Defections: PM Did Too Little, Too Late Updated: 10:09pm UK, Saturday 27 September 2014 By Anushka Asthana, Political Correspondent During the 2010 election, I travelled to Rochester and Strood in Kent, where I met the Tory candidate Mark...

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Vast Food: Restaurants Urged To Cut Portions

By Poppy Trowbridge, Consumer Affairs Correspondent Restaurants should cut portion sizes or charge more for large servings to help reduce food waste and fight obesity, experts have said. The Chartered Institute of Environmental Health said the...

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First-Time Buyers To Get 20% Off Under Tories

Young first-time buyers will get a 20% discount on their new homes, under plans announced by the Conservatives. David Cameron has set out plans to build tens of thousands of new homes on commercial "brownfield" land, reserved for first-time buyers,...

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Vauxhall Recall: Warning Over Corsa Steering

Recalls By Carmakers On The Rise Updated: 11:25am UK, Saturday 27 September 2014 The recall by Vauxhall of around 3,000 vehicles because of a steering problem is just the latest in a series of headaches for motor manufacturers. Last year, manufacturers...

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Wonga Profit Slumps After Disastrous Year

By Mark Kleinman, City Editor Wonga saw its profits slump last year amid trading difficulties in its overseas and small business operations, underlining the task facing its new boss to improve the payday lender's performance. Sky News has learnt...

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Tesco Troubles: Mike Ashley Makes £43m Bet

The billionaire owner of Sports Direct and Newcastle United has made a £43m bet on Tesco's future. The announcement was made by the retailer, which is majority-owned by Mike Ashley, to the stock exchange as the supermarket chain battles the fallout...

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Low Fare? The £27.3bn Cost Of Return Flight

By James Sillars, Sky News Business A would-be holidaymaker has spoken of her shock after an online travel agency almost charged her a whopping £23.7bn for two return flights to Portugal. Marion Sessions, who owns and runs two holiday cottages...

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Car Insurance: New Rules To Reduce Costs

A regulator has published new rules it hopes will boost competition to help bring down the cost of premiums in the UK's £11bn private motor insurance market. The clampdown may knock up to £20 off a typical bill under the Competition and Markets Authority's...

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iPhone 6 Reportedly Bends In Tight Pockets

Apple's new iPhone 6 models may bend substantially if put into a tight pocket for a prolonged period of time, some users claim. A record 10-million units of the phone were sold within two days of the Friday launch, but some users have complained that...

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Trinity Mirror Agrees Ten Hacking Payouts

Trinity Mirror is to pay compensation to ten celebrities over alleged phone hacking - acknowledging its involvement in the practice for the first time. The publisher of titles including the Daily Mirror and Sunday People admitted liability to four people...

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Tesco Profit Error: Could Something Be Amiss?

By Ian King, Business Presenter Even from a lesser company, three profits warnings inside a year would be startling. Coming from a blue-chip stalwart like Tesco, it is nothing short of astonishing. In issuing a profits warning on top of a profits...

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Tesco Finance Chief 'Absent For Five Months'

Tesco Profit Error: Could Something Be Amiss? Updated: 9:35am UK, Tuesday 23 September 2014 By Ian King, Business Presenter Even from a lesser company, three profits warnings inside a year would be startling. Coming from a blue-chip stalwart...

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Tesco Profit Error: New Finance Boss Rushed In

Tesco has managed to secure the services of its new chief financial officer more than two months early - a day after revealing a £250m profits error. Alan Stewart had in July quit the same role at Marks & Spencer to join Tesco but was forced to...

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EE Buys 58 Phones 4U Stores: '360 Jobs Saved'

Mobile phone operator EE said it would buy 58 Phones 4U outlets, saving almost 360 jobs from the collapsed retailer. The £2.5m deal, made through administrator PricewaterhouseCoopers (PwC), comes after Vodafone said on Friday it would buy 140 stores....

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Tesco Suspends Bosses Over £250m Profit Error

Tesco has suspended four senior executives after it revealed an accounting error overstated its first-half profit by £250m. CEO Dave Lewis said that "a number of people" have been suspended while an internal investigation is under way, including the...

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Balls To Freeze Child Benefit To Balance Books

Ed Balls has told his party's conference a child benefit freeze, a cut in politicians pay and higher tax for top earners will form part of Labour's plan to bring the deficit down. The shadow chancellor presented a 1% cap on rises for the first two years...

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Carphone And EE Pick Over Phones 4U Carcass

By Mark Kleinman, City Editor The parent company of Carphone Warehouse and EE, the UK's biggest mobile phone network, are this weekend hammering out deals to buy scores of Phones 4U stores in a move that would save hundreds of jobs at the troubled...

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Richard Branson Tops 'Most Admired' Boss Poll

Branson's Virgin To Pilot New Cruises Venture Updated: 1:16pm UK, Friday 28 February 2014 By Mark Kleinman, City Editor Sir Richard Branson is drawing up plans for a secret assault on the international cruises sector which will involve raising...

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Miliband Sets Out Plan For £8 Minimum Wage

Labour leader Ed Miliband has pledged to raise the national minimum wage to at least £8 an hour if he becomes Prime Minister. The minimum wage is due to rise from £6.31 an hour to £6.50 on October 1, but Mr Miliband plans to add £1.50 an hour...

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Alibaba Bigger Than Facebook On Market Debut

Alibaba Boss Like A Rock Star At 'Epic' IPO Updated: 7:22pm UK, Friday 19 September 2014 By Hannah Thomas-Peter, New York Correspondent As Jack Ma swept past me on the floor of the New York Stock Exchange, I asked him how he was feeling. He smiled...

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Wellcome Trust Toasts £100m Alibaba Profit

By Mark Kleinman, City Editor Britain's biggest medical research charity is toasting a £100m-plus profit from the flotation of Alibaba Group, the Chinese internet giant that on Friday became the biggest technology company listing ever. Sky News...

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Hundreds Of Phones 4U Jobs Saved

Almost 900 jobs at collapsed retail chain Phones 4u have been saved after network operator Vodafone struck a deal to buy 140 stores. However, administrator PwC said it had failed to prevent 628 redundancies among head office and telesales staff at Phones...

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Shares Rise But Pound Flat As Scots Vote No

Scottish Referendum: What They're Saying Updated: 10:01am UK, Friday 19 September 2014 Supporters of both the Yes and No campaigns have been giving their reactions to Scotland's decision to reject independence. Prime Minister David Cameron: "The people...

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GlaxoSmithKline Fined £297m For China Bribes

A Chinese court has fined GlaxoSmithKline (GSK) £297m - a record in the country - for bribing doctors and hospital officials to use its products. The pharmaceutical firm confirmed the penalty imposed by the Changsha Intermediate People's Court in Hunan...

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Scotland Votes No: PM Promises New Powers

Devo Max: What New Powers Can Scotland Have? Updated: 12:01pm UK, Friday 19 September 2014 David Cameron has pledged new powers for Scotland that some have said amount to Devo Max. However, it's not quite as clear cut as that. What is Devo Max?...

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Thousands Of Women Duped By Pyramid Scheme

Nine women have been found guilty for their role in a pyramid scheme which saw thousands of women lose at least £3,000 each. The gang encouraged vulnerable women to "beg, borrow or steal" the cash needed to join the scam - and promised participants...

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Scotland: Keep Up With Events As They Unfold

Decision Day For Scotland: Voters Go To Polls Updated: 11:52am UK, Thursday 18 September 2014 People in Scotland have begun voting on whether the country should stay in the UK or become an independent nation. Polling stations opened at 7am and people...

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Decision Day For Scotland: Voters Go To Polls

People in Scotland have begun voting on whether the country should stay in the UK or become an independent nation. Polling stations opened at 7am and people have until 10pm to cast their ballot, with the result expected to be known by breakfast time...

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