Pets At Home Groomed For £1.5bn Public Debut

By Mark Kleinman, City Editor Pets at Home is to join the growing pack of retail chains being groomed for a stock market debut next year after hiring investment banks to lead a £1.5bn listing. Kohlberg Kravis Roberts (KKR), the global private equity...

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House Prices Edge Down From Record Highs

House prices in September did not manage to reach the record high of the previous month, according to official figures. Prices rose by 3.8% year-on-year to reach £245,000 on average, marking a slight decrease on the peak of £246,000 seen in August,...

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Energy Bills: EDF Confirms 3.9% Average Rise

EDF Energy is to raise its average gas and electricity bills by 3.9% from January 3 - a lower increase than its rivals - in a move that raises pressure on the Government to help bring down household costs. The company - the fifth of the so-called Big...

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Cyberattack Exercise: Banks Test Defences

By Ursula Errington, Business Reporter Hundreds of staff from the UK's financial institutions will take part in a simulated cyberattack today. The exercise, the details of which have been kept top secret, will be overseen by officials from the...

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Gas Bills 'Could Rise' Due To Low Reserves

By Thomas Moore, Health and Science Correspondent Gas prices could soar this winter if the national supply runs short during another cold snap, an energy expert has warned. Industry analyst Peter Hughes told Sky News that a "perfect storm" last...

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Inflation At 12-Month Low Amid Fuel Cuts

There has been sharp fall in the headline measure of inflation to an annual rate of 2.2% in October from 2.7% the previous month. The Office for National Statistics (ONS) said it meant the consumer price index (CPI) rate fell to its lowest level for...

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Middle Classes Join Retail Theft Spree

Supermarkets have reported a leap in thefts of expensive products such as meat joints and parmesan cheese - with the finger of blame being increasingly pointed at the middle classes. The latest Global Retail Theft Barometer found the squeeze on living...

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Investors To Play Role in Co-Op Bank Shake-Up

By Mark Kleinman, City Editor The hedge funds which stand to become major shareholders in the Co-operative Bank are drawing up a shortlist of new board directors even as they try to persuade regulators that they will not seek undue influence over...

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Energy Firms In Ed Davey 'Punch And Judy' Jibe

Ed Davey has been accused of dishing out "tit for tat Punch and Judy insults" by the energy industry after comparing firms to bankers who caused the financial crisis. The Energy Secretary used a speech to the Energy UK conference to tell the energy...

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US Airline Merger Approved By Government

The US Justice Department has reached an agreement to allow the merger of US Airways and American Airlines. The government sued to block the merger in August, saying it would restrict competition and drive up prices for consumers on hundreds...

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