US Jobless Rate At July 2008 Low Of 5.8%

The US jobless rate has hit its lowest level since July 2008, with the economy creating 214,000 net new jobs in October. The fall in the rate from 5.9% in September was unexpected - and highlighted some greater resilience in the labour market as more...

18.57 | 0 komentar | Read More

Royal Mail In Stand-Off Over MPs' Inquiry

By Mark Kleinman, City Editor Royal Mail has been secretly resisting pressure from MPs for it to appear alongside rival postal operators as part of a new probe into competition in the industry. Sky News has learnt that Royal Mail made representations...

18.57 | 0 komentar | Read More

PM Trying To 'Fool' Public Over EU Surcharge

The Prime Minister has been accused of "trying to take the British people for fools" for claiming the UK has managed to wrangle a 50% reduction on the £1.7bn EU surcharge. Chancellor George Osborne said Britain would now pay the European Union just...

18.57 | 0 komentar | Read More

National Grid Plans 14,000 London Homes

National Grid has announced a joint venture to build 14,000 new homes in "key areas of need" in London and south east England, creating thousands of jobs. The 50/50 partnership with builders Berkeley Group is to be named St William Homes. National...

18.56 | 0 komentar | Read More

Canary Wharf Owner Rejects Takeover Proposal

The owner of Canary Wharf in London has rejected a takeover proposal that could have yielded the country's biggest property deal in years. Songbird Estates - the majority owner of the sprawling financial area, including the headquarters for HSBC and...

18.56 | 0 komentar | Read More

EU: £1.7bn Bill Could Be Delayed - Report

The deadline for paying the EU's £1.7bn budget demand could be delayed, possibly until after the next election, under plans being considered in Brussels. One of the options on the table is to move the deadline for payment from 1 December to a later...

18.56 | 0 komentar | Read More

Morrisons Sales Slump 6.3% In Third Quarter

Morrisons has reported another big fall in sales as the supermarket sector scraps for market share amid the challenge from discounters. The grocer posted a 6.3% drop in like-for-like sales in its third quarter to 2 November - a figure that hit 8%...

18.56 | 0 komentar | Read More

Banking Industry Competition Probe Ordered

A full market inquiry into banks has been ordered over fears the dominance of the largest lenders is stifling competition. The Competition and Markets Authority (CMA) said its investigation would scrutinise the personal current account and small...

18.56 | 0 komentar | Read More

Petrol Price Guarantees Demanded By Treasury

A failure by petrol firms and supermarkets to pass on the full benefit of falling oil prices to customers filling up at the pumps would be an "outrage", a Cabinet Minister has warned. Treasury Chief Secretary Danny Alexander has demanded guarantees...

18.56 | 0 komentar | Read More

M&S Profits Up But Warm Autumn Hits Clothing

M&S has reported a 2.3% rise in half year profits but said its troubled clothing division was hit by an unseasonably warm September. The retailer's latest results marked a 13th consecutive quarterly fall in underlying sales of general merchandise,...

18.57 | 0 komentar | Read More

Interest Rate Hike 'Knocked On The Head'

A slowdown in the UK's economic recovery means there is no prospect of an interest rate increase, according to a closely-watched report on activity. The Markit/CIPS services purchasing managers' index (PMI) for October came in at a 17-month low...

18.57 | 0 komentar | Read More

Christmas Costs 'Falling' Amid Price War

A retail industry body says Christmas shoppers are set to benefit as it charts falling shop prices, with food costs growing at their lowest level since at least 2006. The British Retail Consortium's (BRC) shop price index for October, compiled by...

18.57 | 0 komentar | Read More

Primark Posts 'Magnificent' 30% Profit Rise

The chairman of Primark's owner has hailed a "magnificent" year for the discount clothing retailer, with profits rising 30% to £662m. Associated British Foods (ABF) said the performances of its fashion and grocery divisions offset the adverse...

18.57 | 0 komentar | Read More

Virgin Money Flotation Is Back On Track

Virgin Money has confirmed it will go ahead with its stock market flotation, after postponing the listing last month. The bank confirmed on Tuesday an earlier report by Sky News that it was now satisfied market conditions had settled amid volatility...

18.57 | 0 komentar | Read More

Holiday Pay Should Include Overtime

Overtime should be taken into account when holiday pay is calculated, the Employment Appeal Tribunal has ruled. The Employment Appeal Tribunal ruled on two cases against Hertel UK and BEAR Scotland, which related to the UK's interpretation of the...

18.57 | 0 komentar | Read More

HSBC Prepares For UK Forex Fines Of £236m

Banking giant HSBC has set aside almost £250m as it prepares itself to be hit with fines over alleged foreign exchange manipulation. It said it has made a $378m (£236m) provision for potential penalties following an investigation by Britain's Financial...

18.56 | 0 komentar | Read More

Thousands To Benefit From Rise In Living Wage

By Katie Spencer, Sky News Reporter Around 35,000 people are set to benefit from a 20p rise in the UK living wage, but more than five million people are still earning below its hourly basic rate of £7.85. Care worker Perrine Roland told Sky News...

18.56 | 0 komentar | Read More

Ryanair: It's Good To Be Nice To Passengers

No-frills carrier Ryanair has seen half-year profit rise by a third, on the back of fare increases and being "nicer" to passengers. It said a 5% rise in ticket prices and 4% boost in seat loading were key factors behind the 32% rise in pre-tax profit,...

18.56 | 0 komentar | Read More

RBS Grows Profit But Sets Aside Further £780m

Royal Bank of Scotland (RBS) has set aside a further £780m to cover the costs of conduct issues, including the PPI mis-selling scandal. The news was released alongside its third-quarter results which demonstrated that the bank's recovery was continuing...

18.56 | 0 komentar | Read More

Energy Bills: UK Gas Prices Hit Record Low

UK wholesale gas prices have hit a record low, piling more pressure on energy firms to explain why household bills have not been slashed. The latest fall in raw costs - for November and December delivery - has resulted in a 23% fall over the year...

18.56 | 0 komentar | Read More

BBA: New Oversight Will Hurt Smaller Banks

By Mark Kleinman, City Editor Smaller lenders would be hit by new rules heralding the world's toughest oversight regime for senior bankers, according to the industry's main City-based lobbying groups. The warning is contained in a confidential paper...

18.56 | 0 komentar | Read More

RBS Grows Profit But Sets Aside Further £780m

Royal Bank of Scotland (RBS) has set aside a further £780m to cover the costs of conduct issues, including the PPI mis-selling scandal. The news was released alongside its third-quarter results which demonstrated that the bank's recovery was continuing...

18.57 | 0 komentar | Read More

Energy Bills: UK Gas Prices Hit Record Low

UK wholesale gas prices have hit a record low, piling more pressure on energy firms to explain why household bills have not been slashed. The latest fall in raw costs - for November and December delivery - has resulted in a 23% fall over the year...

18.57 | 0 komentar | Read More

BBA: New Oversight Will Hurt Smaller Banks

By Mark Kleinman, City Editor Smaller lenders would be hit by new rules heralding the world's toughest oversight regime for senior bankers, according to the industry's main City-based lobbying groups. The warning is contained in a confidential paper...

18.57 | 0 komentar | Read More