Morrisons Plans 2,600 Job Cuts In Shake-Up

Morrisons has confirmed plans for 2,600 job cuts as the loss-making supermarket chain battles falling sales and market share. A statement detailing the changes said the losses, representing 2% of its workforce, would result from cutting tiers of in-store...

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Blunder Hits Sir Philip Green's Market Return

An apparent pricing mistake has marred the stock market debut of an online flash sale retailer backed by TopShop owner Sir Philip Green. Sir Philip, the billionaire behind Arcadia Group, ploughed £48m into Australian firm MySale ahead of its flotation...

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Smile! Hundreds Of New Emojis To Be Released

They say a picture paints a thousand words - now there are going to be 250 more to choose from when you send a text. A major release of new Emojis - the symbols and images you can include in texts and emails - is due in July. The characters are part...

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China Funds Eye Slice Of £1bn PizzaExpress

By Mark Kleinman, City Editor One of China's biggest private equity firms is weighing up plans to buy a slice of PizzaExpress as the British restaurant chain accelerates its expansion in the world's most populous country. Sky News has learnt that...

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Maiden Chinese 'Green Bond' To List In London

By Mark Kleinman, City Editor An arm of the World Bank is to list the first 'green bond' denominated in China's currency in London in a move that will be hailed by ministers as a boost for the City's global status. Sky News has learnt that the...

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Fears As British Company Now 'Controls' Bitcoin

A British-based computer 'mining pool' called GHash has gained unprecedented control over virtual currency bitcoin. It has amassed nearly half of the bitcoin computing power - which keeps track of bitcoins and creates additional coins. The value of...

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GM Car Ignition Fault Recall Soars To Six Million

General Motors (GM) has confirmed a new recall of over three million cars for ignition switch problems - more than doubling the number of vehicles dogged by the issue. GM said it was to repair 3.36 million mid-size and full-size cars - on top of the...

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'Supermarket Price War' Helps Inflation Ease

The first annual fall in food prices since 2006 has helped the rate of inflation tumble to a four-and-a-half year low of 1.5%. The Office for National Statistics (ONS), which also published figures highlighting further gains for UK house prices, said...

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Tory Grandee Spicer To Quit As EnergyUK Chair

By Mark Kleinman, City Editor The former chairman of the Conservative 1922 Committee is to step down from the helm of the energy industry's principal lobbying group, leaving a vacancy at a critical time for the sector. Sky News understands Lord...

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China Talks Secure £14bn In Trade Deals

Commercial deals worth £14bn have been signed between the UK and China after David Cameron held Downing St talks with Chinese Premier Li Keqiang. Speaking at a news conference following the talks, Mr Cameron hailed the strong trade links between the...

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