New EasyJet Chair: Next's Chairman In Frame

By Mark Kleinman, City Editor John Barton, the chairman of fashion retailer Next, has emerged as a leading candidate to chair easyJet, the FTSE-100 low-cost airline. I understand that Mr Barton is on a shortlist of contenders vying to replace Sir...

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Boston Blasts Knock Stock Market Values

The apparent terrorist attack on the Boston Marathon has intensified the recent 'run for cover' on world stock markets. There had already been a rush to dump gold before the blasts while oil took a fresh tumble amid an earlier world sell-off on fears...

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Rogue Trader Admits $1bn Apple Fraud

A securities trader has pleaded guilty to fraud after he bought $1bn (£650m) of Apple stock without permission and brought down his company. David Miller's rogue trade caused the demise of Rochdale Securities after he bought 1.625million shares on the...

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Japanese Drinks Giant Plots Swoop For Ribena

By Mark Kleinman, City Editor The Japanese beverages giant Suntory Holdings is in talks with banks about assembling a knockout bid to buy Lucozade and Ribena, two of Britain's most popular soft drinks. I have learnt that Suntory has approached...

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Samsung In Taiwan Probe Over HTC Reviews

Samsung is being investigated over claims it paid students to post malicious online comments about rival phone-maker HTC. Authorities in Taiwan say the move follows complaints that people had been instructed to write articles recommending Samsung and...

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Mining Mega-Merger 'Cleared By China'

Shares in FTSE 100 'mega-merger' miners Glencore and Xstrata have risen strongly on hopes their tie-up could soon be fully cleared. Traders cited a media report that Xstrata's takeover by commodities trader Glencore had cleared the final regulatory...

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Inflation Steady Despite Car Insurance Rises

The headline measure of inflation remained steady in March as a reduction in the pace of fuel cost rises offset a sharp increase in car insurance prices. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) stayed at an annual...

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Cable Climbdown After One Direction Blast

Business Secretary Vince Cable has been forced to backtrack after suggesting that the high pay of pop bands like One Direction is "downright insensitive and grossly immoral". At an Institute of Directors event in central London, the Cabinet minister...

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Lloyd's Insurer Cathedral Begins £250m Sale

By Mark Kleinman, City Editor One of the top-performing underwriters in the Lloyd's of London insurance market is being put up for sale. Sky News has learnt that Cathedral Capital, which is majority-owned by Alchemy, the private equity group, is...

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IMF Inflicts 'Double Blow' On George Osborne

By Ed Conway, Economics Editor, in Washington The International Monetary Fund's chief economist has warned George Osborne that he is "playing with fire" with his fiscal policy. In an interview with Sky News, Olivier Blanchard also said that the...

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