Fashion Firms Join Up To Fight New Luxury Tech

Two European online fashion retailers are joining forces to fight back against tech giants encroaching on the luxury sector. London-based Net-a-Porter and Italian rival Yoox have agreed to create a joint venture, with a combined value of around £1.5bn....

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B&Q Owner To Shut 60 Stores Amid Profit Slump

The owner of B&Q has announced plans to close 60 DIY stores over the next two years. The move comes amid a 7.5% drop in adjusted pre-tax profit of £675m for Kingfisher, a chain that operates in the UK, Ireland and mainland Europe. Releasing its...

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M&G Fund Manager Scoops £15m-Plus Pay Deal

By Mark Kleinman, City Editor A top fund manager at M&G Investments has scooped a £15m-plus pay deal for the second consecutive year, cementing his status as one of the highest-paid executives at a London-listed company. Sky News can reveal that...

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Miliband: EU Exit 'Clear And Present Danger'

By Sophy Ridge, Political Correspondent Leaving the European Union is a "clear and present danger" to British business, the Labour leader has warned. As the official election campaign kicks off, Ed Miliband is setting out his pitch to business leaders...

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Pension Data Sales Claims Trigger Inquiry

An investigation has been launched by the data watchdog into claims that details of milllions of people's pensions are being sold to cold-calling firms and fraudsters. The Information Commissioner's Office (ICO) has described the revelations as "very...

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Kingfisher Abandons Takeover Of Mr Bricolage

A planned £200m deal by the owner of B&Q to buy the French DIY chain Mr Bricolage has collapsed. The market responded positively to the development with shares in Kingfisher rising by 2% or 8.6p to 366.4p. The home improvement giant confirmed...

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UK Airlines Bring In New Cockpit Safety Rules

By Charlotte Lomas-Farley, Sky News Correspondent New safety rules have been introduced in the UK after 150 people on board the Germanwings Airbus A320 were killed when it crashed in the French Alps. The UK's aviation regulator, the UK Civil Aviation...

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Google Can Be Sued In The UK Over Web Tracking

Google has lost a Court of Appeal battle to stop British consumers from suing it in the UK. A group called Safari Users Against Google's Secret Tracking accuse Google of bypassing security settings on Apple's browser to track their online browsing...

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Miliband's NHS Pledge At Campaign Launch

Labour leader Ed Miliband has launched his party's General Election campaign with a promise to safeguard the future of the NHS. The event in east London came after Mr Miliband and Prime Minister David Cameron answered questions in the Battle For Number...

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Miliband's NHS Pledge At Campaign Launch

Labour leader Ed Miliband has launched his party's General Election campaign with a promise to safeguard the future of the NHS. The event in east London came after Mr Miliband and Prime Minister David Cameron answered questions in the Battle For Number...

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UK Airlines Bring In New Cockpit Safety Rules

By Charlotte Lomas-Farley, Sky News Correspondent New safety rules have been introduced in the UK after 150 people on board the Germanwings Airbus A320 were killed when it crashed in the French Alps. The UK's aviation regulator, the UK Civil Aviation...

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Premier League May Dump Sponsorship

By Mark Kleinman, City Editor The Premier League is considering abandoning its long-running title sponsorship‎ arrangements when Barclays' 15-year association with English football's top flight ends next year. Sky News has learnt that the Premier...

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UK Airlines Bring In New Cockpit Safety Rules

By Charlotte Lomas-Farley, Sky News Correspondent New safety rules have been introduced in the UK after 150 people on board the Germanwings Airbus A320 were killed when it crashed in the French Alps. The UK's aviation regulator, the UK Civil Aviation...

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Co-op Bank Trims Annual Losses To £264.2m

The troubled Co-operative Bank says it has "stabilised", with losses cut to £264.2m in 2014 though its turnaround plan will result in more branch closures. It also confirmed, alongside its results, a Sky News story of Thursday evening that chief executive...

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Miliband Launching Labour Election Campaign

Labour leader Ed Miliband is launching his party's General Election campaign at the Olympic Park in East London. The event in east London comes after Mr Miliband and Prime Minister David Cameron answered questions in the Battle For Number 10, the...

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London Taxi Manufacturer To Create 1,000 Jobs

The manufacturer of the iconic London taxi is to build a new £250m factory in Coventry, creating 1,000 jobs. The news was announced hours after Jaguar Land Rover said it had committed £600m to support its own operations in the West Midlands....

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Pothole Repairs To Cost '12bn And Take 13 Years'

It will cost more than £12bn and will take 13 years to fix all the potholes on roads in England and Wales, a report has claimed. Despite more being filled in, the Asphalt Industry Alliance (AIA) claims the cash spent on repairs in the last 12 months...

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Shell Cuts More North Sea Staff And Shifts

Shell UK has announced plans for 250 further job losses in its North Sea operations this year just hours after global oil prices soared on fears surrounding supply security. Shell's cuts, affecting staff and agency contractors both on and offshore,...

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Ex-Centrica Chief To Hand Bonus To Charity

By Mark Kleinman, City Editor The former boss of Centrica, Britain's biggest energy supplier, is to hand "a substantial portion" of his annual bonus to charity for the second successive year. Sky News has learnt that Sam Laidlaw, who stepped down...

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Balfour Beatty Makes New £118m Risk Provision

The crisis in Balfour Beatty's UK construction business has resulted in the company making further provisions of £118m - on top of a £205m hit already announced. The development was contained in the troubled infrastructure firm's final results for...

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Kraft Gobbled Up By Heinz In Mega Merger

Heinz has confirmed it has agreed a merger with Kraft in a deal that would create the world's fifth largest food and drinks company worth approximately $80bn (£54bn). A statement confirmed the new firm would be called Kraft Heinz and, subject to Kraft...

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Tesco Faces New Legal Action Worth Billions

Tesco is facing more possible legal action from shareholders, potentially worth billions of pounds, over the retailer's £263m profit mis-statement. A group calling itself Tesco Shareholder Claims Ltd (TSC), supported by US legal firm Scott & Scott,...

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Diesel Drivers 'Taken For A Ride' At The Pump

A motoring organisation has claimed that diesel drivers are being "taken for a ride" by fuel retailers. The RAC said it was calling for a cut of 4p-per-litre at the pumps because of a lack of parity between the wholesale cost and what motorists...

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Inflation Hits 0% As Food Costs Fall Further

Falling food prices meant the annual rate of UK inflation stood in uncharted territory of 0% in February, boosting family budgets. The Office for National Statistics (ONS) said its headline CPI measure of inflation eased from 0.3% in January to 0%...

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First Plastic Fiver In Britain In Circulation

A new limited edition £5 note has been launched - the first in Britain to be made from plastic as paper banknotes start to be phased out. The note was commissioned by Clydesdale Bank and is available, initially, from its branches only. The fiver...

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Osborne And Balls Prepare For Live TV Showdown

Play video "Chancellors In Sky News Showdown" Video: Chancellors In Sky News Showdown By Anushka Asthana, Political Correspondent George Osborne and Ed Balls are preparing to face questions from a live audience on Sky News, in an...

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City Link Backer Warns Over Company Rescues

By Mark Kleinman, City Editor One of Britain's most prominent investors has warned that more struggling companies will go bust because of the political opprobrium triggered by the collapse of the parcel delivery operator City Link. Speaking to Sky...

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FTSE Hits 7,000 For First Time In History

The FTSE 100 Index has risen to more than 7,000 points for the first time in its history. World markets were cheered by a small recovery in the price of oil as well as signs of a breakthrough in the Greek debt crisis. London's top-flight index was...

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FCA Bosses Face MPs' Ire Over Insurance Probe

By Mark Kleinman, City Editor The heads of the City watchdog will be severely criticised next week by a panel of MPs over its handling of a briefing which wiped billions of pounds from the value of British insurance companies. Sky News has learnt...

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Mobile Phone Theft Cap To Protect Consumers

A cap on mobile phone bills run up by thieves after handsets are stolen will bring relief to millions of consumers, campaigners say. Five service providers - EE, O2, Three, Virgin Media and Vodafone - say the £100 cap will be activated providing...

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FTSE Hits 7,000 For First Time In History

The FTSE 100 Index has risen to more than 7,000 points for the first time in its history. World markets were cheered by a small recovery in the price of oil as well as signs of a breakthrough in the Greek debt crisis. London's top-flight index was...

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