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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Zero-Hour Contracts 'Unfairly Demonised'

A survey of workers on controversial zero-hour contracts has found their growing use has been "unfairly demonised". The report by the Chartered Institute of Personnel and Development (CIPD) suggested that those on zero-hours were just as happy with...

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Royal Mail Rise 'As Expected', Say Ministers

By Mark Kleinman, City Editor The Government has risked stoking the row over Royal Mail's £3.3bn privatisation by saying the share price rise since the company listed on the stock market was "expected" by ministers. Sky News has obtained a copy...

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Atlantic Array Wind Farm Dropped By Energy Firm

Energy giant RWE has pulled out of the development of one of the world's largest offshore wind farms off the north Devon coast. The German group, which also owns big six supplier npower, said the costs of the 240-turbine Atlantic Array project were...

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Energy Regulator Admits Market Not Working

The energy regulator has admitted the market is not working and he can only work within a tight framework to bring reforms amid "deep distrust" over rising bills. Ofgem's chief executive Andrew Wright told the Energy and Climate Change Committee of...

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John McAfee Accused Of Threats In Dispute

Anti-virus software pioneer John McAfee has been accused of sending threatening emails and having associates in an armed motorcycle gang by a former property manager at his Oregon apartment. Mr McAfee, who says he lost most of his software fortune in...

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WHO Sorry Over Greece HIV Injection Claims

The World Health Organisation (WHO) has been forced to backtrack after wrongly claiming Greeks were intentionally infecting themselves with HIV to claim benefits. WHO said HIV rates had risen "significantly" in the debt-ridden country, with "about half"...

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Primark Owner ABF Eyes £250m Tilda Rice Deal

By Mark Kleinman, City Editor The FTSE-100 group which owns Primark, the thriving clothing retailer, is examining a £250m takeover bid for Tilda, one of Britain's most popular food brands. Sky News has learnt that Associated British Foods (ABF)...

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