Asos Shares Plunge 19% On Growth Fears

The share price of online fashion group Asos has plunged by nearly a fifth over fears about its future growth. When markets opened at 8am the share price dropped 15%, before falling even further. In late afternoon trades the drop eased to 10.1% down...

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Osborne Close To Landmark China Banking Deal

By Mark Kleinman, City Editor George Osborne is closing in on a landmark deal that would see the City become one of the world's most important offshore centres for trading the Chinese currency. Sky News understands that the Government hopes to...

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Sainsbury's Sales Slide Is 'End Of An Era'

Supermarket chain Sainsbury's has reported like-for-like sales down 3.1%, ending 36 successive quarters of growth. The result for sales, excluding fuel, were for the 10 weeks to March 15 - its fiscal fourth quarter. That compared to a rise of 3.6%...

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Barclays To Hand Out £32m In Shares To Bosses

By Mark Kleinman, City Editor Barclays will say on Tuesday it is handing out approximately £32m in share awards to its top dozen executives, just weeks after igniting a fresh pay row by hiking its bonus pool despite a fall in profits. Sky News...

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Dyson Fan Heater Global Recall Over Fire Risk

Up to one million fan heaters are to be recalled by British firm Dyson over fire risks, the company has announced. The firm, which is known for its technically innovative products, said the recall affected its 'Air Multiplier' AM04 and AM05 machines....

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Obama Threatens More Sanctions On Russia

The US has imposed sanctions against Russian officials after Crimea's referendum to secede from Ukraine and join Russia. An executive order by Barack Obama names seven Russian government officials, including top aides to Russian President Vladimir Putin....

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Childcare: £2,000 Boost For Working Parents

Working parents are to get up to £2,000 of tax-free childcare in a move to target families who are "running to stand still". The scheme will be worth up to £2,000 per child per year when it launches in autumn next year - £800 more than the £1,200 originally...

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Bank Of England In Deputy Governor Shake-Up

The Bank of England has named two new deputy governors as part of a major shake-up under boss Mark Carney. They have been revealed as the bank's Monetary Policy Committee (MPC) member Ben Broadbent and International Monetary Fund (IMF) deputy managing...

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Music Streams Hits $1bn Amid Anti-Piracy Push

Global music sales continue to fall but revenues from streaming and subscription services have topped $1bn (£600m) for the first time. According to the International Federation of the Phonographic Industry (Ifpi), figures for 2013 show digital streams...

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GM Appoints New Safety Chief Amid Recalls

General Motors has appointed a new safety chief in the wake of its recall of more than 3.1 million vehicles over the last two months. GM's chief executive Mary Barra said Jeff Boyer, an engineer with 40 years' experience, will be in charge of recalls...

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