Co-Op Chair Wardle Quits Amid Bank Crisis

By Mark Kleinman, City Editor Len Wardle, the chairman of the Co-operative Group, is to quit the mutual amid a crisis that is poised to leave American hedge funds in control of its banking arm. Confirming a Sky News report on Tuesday that Mr Wardle...

00.25 | 0 komentar | Read More

Npower Energy Bills Up 11% Before Christmas

Energy giant npower has announced an increase in household tariffs of 9.3% for electricity and 11.1% for gas. The price rise will be imposed from December 1. Chief executive Paul Massara said: "This has been a really hard decision for us and I know...

00.25 | 0 komentar | Read More

Rescue Plan Leaves Co-op With 30% Bank Stake

The Co-operative Group is to lose overall control of its banking arm amid a funding struggle, Sky sources have confirmed. The Co-op will be left with only a 30% stake in the bank, according to Sky News City Editor Mark Kleinman. An announcement is...

00.25 | 0 komentar | Read More

One Direction Top Rich List For Under-30s

One Direction have earned a combined fortune of £59.33m, knocking Harry Potter actor Daniel Radcliffe off the top of a Rich List for British celebrities under 30. The highest new entry in the list is DJ and music producer Calvin Harris, who is worth...

00.25 | 0 komentar | Read More

Grangemouth: Owner 'In Dark' As Buyer Sought

The owner of the Grangemouth refinery, currently shut down during a bitter dispute with staff, has told Sky News it did not know the Scottish Government was seeking a new buyer. Ineos said it would announce on Wednesday morning whether it planned to...

00.25 | 0 komentar | Read More

Nokia Reveals Lumia Tablet And Windows Phone

Nokia has revealed its first tablet device, the Lumia 2520, as well as a new Windows Phone with a large six-inch display. The announcements were made at its showpiece Nokia World event in Abu Dhabi. Apple is also expected to reveal its new iPad range...

00.25 | 0 komentar | Read More

Energy Regulator Moves To Protect Fixed Rates

Energy suppliers have been banned from increasing their prices on fixed-rate deals, the industry regulator confirmed while announcing an £8.5m penalty against ScottishPower over misleading sales techniques. News of the redress comes at a sensitive time...

00.25 | 0 komentar | Read More

Metro Bank Targets New Funds As Losses Peak

By Mark Kleinman, City Editor Metro Bank is weighing plans to take advantage of favourable stock market conditions by floating in the coming months even as some of its shareholders clamour to buy more shares privately. In a letter to shareholders...

00.25 | 0 komentar | Read More

US Economy Adds 148,000 Jobs In September

US employers added just 148,000 jobs in September - far fewer than expected – suggesting a loss of momentum in the economy. Still, hiring was strong enough to lower the unemployment rate. The Labor Department said the rate fell to 7.2%, down from 7.3%...

00.25 | 0 komentar | Read More

Energy Bills: Major Calls For 'Windfall Tax'

By Jon Craig, Chief Political Correspondent Former Prime Minister Sir John Major has dropped an energy price hike bombshell on David Cameron by calling for a windfall tax on power companies this winter. In a move that stunned the Tory high command,...

00.25 | 0 komentar | Read More