UK Economy: Triple-Dip Fears Reignited

By Ed Conway, Economics Editor The pound has fallen by more than half a cent against the dollar as a sharp fall in manufacturing output raised the likelihood that the UK could slip back into recession. Sterling dropped from just under $1.492 to...

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Centerbridge Swoops For RBS Branch Network

By Mark Kleinman, City Editor An American investment group has become the latest prospective buyer to show its hand in the auction of more than 300 Royal Bank of Scotland (RBS) branches. I understand that Centerbridge Partners, a private equity...

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Pound Falls To Another Low Against Dollar

The pound has continued to fall against the dollar, hitting a level last seen in the early days of the Coalition. It fell to $1.4868 on Monday, after slipping below $1.49 for the first time in more than two and a half years on Friday. The last time...

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Food Firms Told To Cut Salt In Popular Dishes

Food companies will be asked to put less salt in popular dishes such as sandwiches and chips as part of a new government drive. The campaign aims to reduce people's salt consumption by a quarter, reducing their daily intake from an 8.1g a-day average...

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UK-Based Car Dealer's Global Sales Hit £6bn

A London-based car dealer has seen its full-year profit rise 10%, on multinational sales of £6.1bn. Inchcape, which sells and distributes cars for leading manufacturers, reported 2012 pre-tax profit of £250.3m, up from £227.7m on a year earlier. The...

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Inflation Basket: eBooks In, Champagne Out

The growing popularity of eBooks on devices such as Kindles has pushed them into the so-called 'baskets of goods and services' used to measure official inflation rates. In its annual review of what should be included to calculate the Consumer Prices...

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Telegraph Slashes Jobs For Seven-Day Format

The Telegraph Media Group is to cut 80 jobs as it merges the Daily and Sunday Telegraph newspapers into a seven-day operation, it has been confirmed. Some 14% of editorial jobs will go from the staff base of 550 posts. However the restructure of the...

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Jobs: Public Sector Hiring After 'Over-Firing'

It is claimed the austerity-hit public sector is hiring again 'over-firing' following the financial crisis. The finding is made in the latest survey of firms' hiring intentions by employment group, Manpower. It suggested that the jobs outlook was at...

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Fuel War: Price Slash Gives Motorists Hope

Consumers may benefit from an impending petrol price war, after one supermarket chain decided to slash vehicle fuel costs. Sainsbury has announced that it would drop its fuel prices at the company's 279 forecourts. Prices will dip by 4p a litre, with...

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Gordon Brothers Advances Blockbuster Talks

By Mark Kleinman, City Editor The retail restructuring specialist Gordon Brothers Europe is hoping to move into exclusive talks to salvage the rump of Blockbuster's UK operation as soon as this week, Sky News can reveal. Gordon Brothers, which...

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