Inflation Low Brings Shoppers Christmas Cheer

Plunging fuel and food costs left the core measure of inflation at a 12-year low last month, official figures have shown. The Office for National Statistics (ONS) calculated the consumer prices index (CPI) at an annual rate of 1% in November - showing...

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Google Shuts Down Spanish News Service

Google has gone ahead with its threat to shut down its news service, Google News in Spain, before a Spanish intellectual property law comes into effect in January. The service, which provided aggregated news content, has been replaced by a message...

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Rouble Woes: Six Stages Of A Currency Crisis

If you've never witnessed a currency crisis, here's how they usually go, in six simple steps: 1. Your currency gradually creeps downwards. This can happen over a matter of months as your current account deficit - the country's ledger with the...

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Co-operative Bank Fails Annual Stress Tests

By Mark Kleinman, City Editor Britain's eight biggest lenders would accumulate losses of £13bn during an 'Armageddon'-style recession in which the Co-operative Bank would see its capital reserves exhausted and the two state-backed banks severely tested....

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Ex-JJB Sports CEO Jailed Over £1m Fraud

The former boss of JJB Sports has been jailed for four years, after pocketing around £1m in what was described as a "very greedy fraud". A court heard that Chris Ronnie, 52, owed more than £10m to an Icelandic bank when he diverted funds from...

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FCA Life Ban For Fare-Dodging Jonathan Burrows

The financial watchdog has banned a top fund manager from any role in the City after it was discovered he paid £43,000 to avoid prosecution for dodging train fares. Jonathan Paul Burrows, who was a London-based managing director at US investment firm...

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BT Set To Buy EE Mobile Phone Network

BT has announced that it wants to buy phone firm EE as it makes a play to re-enter the mobile market. The company has been in negotiations with EE and rival O2, but BT announced a decision on Monday to go with EE. The deal is worth £12.5bn. ...

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Black Friday Drives Huge Online Sales Spike

A report suggests online retailers are on target for record Christmas sales following the largest monthly spike for 14-years in November. The IMRG Capgemini e-Retail Sales Index said Black Friday was behind the surge. Online sales rose 37% month-on-month...

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Companies May Have To Reveal Gender Pay Gap

By Anushka Asthana, Political Correspondent Thousands of large companies could be forced to publish the pay gap between male and female employees following a vote in Parliament on Tuesday that will see a number of Lib Dems team up with Labour. Sky...

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Rouble 'Critical' After Hitting All-Time Low

The deputy chairman of Russia's central bank has conceded the rouble is in deep trouble but says it will take action to remedy the problem soon. "The situation is critical. We could not imagine this in our worst nightmare a year ago," Sergei Shvetsov...

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RBS Deserts Dubai Over £6.7bn Refinancing Plan

By Mark Kleinman, City Editor The state-backed Royal Bank of Scotland (RBS) is resisting plans for a restructuring of one of Dubai's largest conglomerates, underlining the UK lender's rapid retrenchment from an ill-fated global expansion. Sky News...

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Wealth Gap Harms Countries' Growth - OECD

The growing wealth gap between the middle class and poor households is the single biggest factor affecting a country's economic growth, according to a new global report. The Organisation for Economic Co-operation and Development (OECD) said income...

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Athens Stock Exchange Drops 15% On New Fears

Athens Stock Exchange Drops 15% On New Fears We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close The stock exchange in Athens is set for its biggest one-day fall since 1987 ...

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ASOS Booms In UK But Unravels Abroad

Online fashion group ASOS has seen a slowdown in its quarterly sales, as international purchases continue to contract. This comes on the back of the company being a big beneficiary of the online sales frenzy prompted by Black Friday and Cyber Monday....

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Tory Peer Says 'Poor Don't Know How To Cook'

A Conservative peer has said she chose the wrong words after suggesting hunger in Britain is caused by poor people being unable to cook. Baroness Jenkin was speaking at the House of Commons launch of the Feeding Britain report which calls for action...

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Interest Rates Rise: Will You Feel The Impact?

The Bank of England has signalled that thousands of households will have to cut back as they struggle to keep up with mortgage payments when interest rates start rising. The bank estimates that 37% of households will either need to work more or spend...

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Borrowers Could Handle Rate Rise, Says BoE

Home borrowers could handle rate rises, according to the Bank of England. Gradual increases would not have "unusually large effects" on household spending, it said. The bank does warn a rate rise to 2.5% would see the number of families struggling...

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Don't Panic: Bank Keen Not To Alarm Borrowers

Don't panic! That's the broad gist of the Bank of England's latest analysis on the impact of higher interest rates. And in case you were in any doubt, it has published a handy infographic explaining precisely why not. If interest rates rose by 2%,...

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Tesco Refuses Executives Appeal Over Sacking

By Mark Kleinman, City Editor A number of senior managers who left Tesco after profits were overstated by £263m have been told by the retailer that they have no right to appeal over their departures. Sky News has learnt that Tesco has informed lawyers...

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Top Executives Quit Woodford Funds Venture

By Mark Kleinman, City Editor Two of the executives who were instrumental in backing Neil Woodford, the UK's best-known fund manager, have quit his asset management start-up less than a year after its launch. Sky News has learnt that Nick Hamilton,...

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Dubai Plots Sale Of UK Engineer Doncasters

By Mark Kleinman, City Editor One of Britain's most advanced privately owned engineering groups is about to be put up for sale more than eight years after being acquired by Dubai's ruling family. Sky News understands that investment bankers will...

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Union Secures Jaguar Land Rover Pay Deal

UK workers at Jaguar Land Rover (JLR) are to be balloted on a new pay offer, weeks after talks broke down and sparked threats of industrial action. Staff affiliated to the union Unite had reportedly demanded a bonus and a salary increase of more than...

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Flooding Fund: £2.3bn To Protect 300,000 Homes

Flooding Fund: £2.3bn To Protect 300,000 Homes We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "How The Projects Break Down" Video: How The Projects Break Down ...

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Autumn Statement Bingo: What To Listen Out For

Political Editor Faisal Islam and Economics Editor Ed Conway pick out five key words and phrases likely to pass the lips of the Chancellor during the Autumn Statement. Faisal's Five :: Long-Term Economic Plan The four word slogan drilled in to every...

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Money Lost To Phone Scams Triples In Last Year

The amount of money lost to phone scams has tripled to £23.9m in the last year, according to new figures. Financial Fraud Action UK (FFA UK), which represents banks, building societies and card companies, has launched a national campaign to warn about...

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Did North Korea Hack Sony Over Kim Film?

Did North Korea Hack Sony Over Kim Film? We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "The Interview: Trailer" Video: The Interview: Trailer A hacking...

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