Christmas Shoppers To Spend £12bn In Four Days

By Emma Birchley, Sky News Reporter Shoppers are expected to spend £12bn in just four days as they make the most of slashed prices and promotions, according to retail forecasters. The deals are being offered as a fierce battle for sales rages both...

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M&S Extends Clothing Sale Amid Poor Trading

By Mark Kleinman, City Editor Marks & Spencer (M&S) is to extend heavy discounting on clothing into a second day on Sunday as it attempts to drive sales during the most crucial period of its trading year. Sky News has learnt that the high...

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Cable Attacks PM Over 'Immigration Panic'

By Darren McCaffrey, Political Reporter Business Secretary Vince Cable has accused the Prime Minister of panicking on the issue of immigration and comparing that panic to the notorious 'Rivers of Blood' speech made by Enoch Powell. Referring to...

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Weather Damages 'Biggest Xmas Shopping Day'

A predicted high street spending spree dubbed 'Manic Monday' has largely failed to materialise, with strong winds and heavy rain combining to force late-Christmas shoppers indoors. Analysts had expected 15 million people to take to stores, spending...

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Christmas Debts 'Won't Be Cleared Until June'

The average family is going to take on debts this Christmas that will take until June to pay off, it has been claimed. The Trades Union Congress has carried out research that shows that the typical family will add £685 to its borrowing by the time the...

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Tobacco Boss Quits Helm Of Silk Cut-Maker

By Mark Kleinman, City Editor The executive who orchestrated Japan's biggest-ever takeover of a British company has quit his role at the helm of the manufacturer of Benson & Hedges and Silk Cut. Sky News has learnt that Pierre de Labouchere,...

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Apple Strikes iPhone Deal With China Mobile

Apple has finally secured a deal to bring the iPhone to China Mobile, the world's biggest network, opening the door to a massive sales boost. The state-owned network has more than 750 million subscribers. The latest iPhone 5S and 5C will go on sale...

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British Airways Plane 'Crash' In Johannesburg

A British Airways plane has crashed into a building at Johannesburg Airport in South Africa. The aircraft, carrying 182 passengers, sliced its wing through the building while taxiing on the runway, BA confirmed. Posting on Twitter, the airline said:...

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SFO Investigates Rolls-Royce Bribery Claims

The Serious Fraud Office (SFO) has started a formal investigation into bribery and corruption allegations at Rolls-Royce. The claims first came to light a year ago when the SFO ordered the world's second-largest maker of aircraft engines to conduct...

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M&S Says Sorry Over Alcohol Refusal

Marks & Spencer has apologised after a Muslim member of staff refused to sell a customer alcohol. The retailer said that where employees have religious beliefs that restrict what foods or drinks they can handle, it tries to place them in a "suitable...

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Children Of The 1960s Worse Off Than Parents

The children of the 1960s and 1970s are likely to be worse off than their parents, with no higher income or savings, no home ownership and smaller private pensions than those born in the previous decade. The only way they will be better off when they...

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New Runways For Gatwick And Heathrow Airports

Building a controversial third runway at Heathrow airport has been shortlisted as one of the options for expansion by the Airports Commission in its first report. The interim findings of an independent inquiry led by the former head of the Financial...

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Ticket Rip-Off: Prices 'Marked Up' Online

Theatre-goers and music fans face mark-ups of as much as 38% on the value of some online tickets, according to a Which? study. Compulsory charges are added to 72% of tickets sold online, said the consumer group, which is launching a campaign to bring...

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Airport Expansion: The Case For And Against

The news that new runways at Heathrow and Gatwick are on a shortlist of airport expansion options has been welcomed by the airline industry as well as business leaders. But green campaigners, local residents and some politicians are worried about the...

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Motor Insurance Premiums Could Be Cut

Car insurance premiums are too high, says the competition watchdog which is to look at ways of reducing them. The Competition Commission said there could be caps on the cost of accident repairs and providing replacement vehicles for drivers. The watchdog...

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New Pipeline To Loosen Russia's Grip On Energy

By Tim Marshall, Foreign Affairs Editor The UK Foreign Secretary William Hague is in Azerbaijan today at a ceremony to sign a £27.6bn pipeline deal which will provide another alternative to energy supplies from Russia to Europe. The deal will make...

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Inflation Falls To Four-Year Low Of 2.1%

The annual rate of inflation hit a four-year low last month of 2.1% as recent energy price increases are yet to feed in to the figures. The Consumer Prices Index (CPI) measure eased from 2.2% in October - partly due to falling fruit and vegetable...

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Superdrug Parent Picks Banks For £15bn Float

By Mark Kleinman, City Editor The owner of Superdrug, Britain's second-largest specialist health and beauty retailer, has picked a trio of banks to oversee a stock market flotation that could involve a secondary listing in London. Sky News has...

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GCHQ To Monitor Huawei Amid Cyber Spying Fears

GCHQ intelligence officials will strengthen their oversight of a controversial Chinese telecoms giant engaged in supplying Britain's network amid fears that its equipment could be used for cyber espionage. The Prime Minister's national security adviser...

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Aldi And Lidl: Half Of Brits Shop At Discounters

The squeeze on family budgets has seen more than half of British shoppers going to discount stores Aldi or Lidl in the last three months. It comes as the big four supermarkets all lose market share, new figures have shown. Aldi and Lidl have successfully...

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China's 'UK Is No Big Power' Snub To Cameron

UK 'Just An Old European Country' Updated: 9:04am UK, Tuesday 03 December 2013 By Mark Stone, China Correspondent The editorial in China's Global Times on Tuesday gives a clear hint about how David Cameron has been received in the country so far....

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RBS And NatWest Glitch: Problems Persist

RBS and NatWest customers are still reporting problems with their accounts after a third major glitch in 18 months hit the banking group's IT systems nationwide. Thousands vented their anger on Twitter after all of the high street banks' systems went...

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Households Raid Savings At Record Rate

By Ed Conway, Economics Editor Households are pulling money out of their savings accounts at the fastest rate in modern record, according to Bank of England figures. In the past year, families have withdrawn £23bn from their long-term savings accounts...

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Water Companies Submit Five-Year Price Plans

Britain's 19 water companies have submitted their price proposals for the period between 2015 and 2020. With the exception of Thames Water - the nation's biggest water service provider - they are all pledging to either freeze or cut bills in real terms...

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Npower Customer Apology After Bill Errors

Energy firm npower has written to its 3.4 million customers to apologise after a sharp rise in complaints in the last year. The German-owned gas and electricity supplier admitted that a glitch resulted in a number of bills and statements failing to...

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Stolen Mobile Phone Bills To Be Capped

Mobile phone owners will no longer have to face huge bills if their handsets are stolen under a deal between the Government and four of the main suppliers. EE, Three, Vodafone and Virgin Media say they will put a cap on the amount they will charge customers....

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Apple Buys Twitter Trends Tool Topsy Labs

Topsy Labs has been bought by Apple in a deal that will provide the iPhone maker with more insights about the chatter on Twitter. The San Francisco-based startup's analytic tool pores through the stream of conversations on the social network to identify...

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Rival Lloyds Branch Bidder Urged To Sue Bank

By Mark Kleinman, City Editor The bidder which lost out to the Co-operative Group in the auction of 632 Lloyds Banking Group branches is being urged to consider legal action to recover the £30m it spent on its bid. Sky News has learnt that a number...

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140 Jobs At Risk As Stationer Osbornes Folds

By Mark Kleinman, City Editor Another high street retailer was on the verge of collapse on Tuesday when a 180-year-old stationer called in administrators amid intense competition from supermarket chains. Sky News understands that Osbornes Stationers...

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Housebuilding Grows At Best Pace For A Decade

Housebuilding grew at its fastest pace for a decade in November amid surging demand buoyed by Government initiatives. Figures from the closely watched Markit/CIPS purchasing managers' index (PMI) for construction showed housing activity at its highest...

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RBS To Spin Off Remnants Of Investment Arm

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is in talks to spin off one of its last-remaining investment arms as the bank pares back its non-core activities amid Government pressure. Sky News can reveal that the lender is at an advanced...

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Big Six Energy Firms Face New Profits Storm

The big six energy companies made £23 more in average profit from each UK household on aggregate last year - a rise of 75% on 2011 - and profits are still rising, according to the industry's regulator. Ofgem said the latest average profit for all suppliers...

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Scottish Independence: £600 Better Off Claim

Key Economics Of An Independent Scotland Updated: 3:23pm UK, Tuesday 26 November 2013 For those without the time to sift through all 650 pages of the Scottish White Paper, here are some of the key points on the economics of an independent Scotland....

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