How Does Under-Fire M&S Chief Keep His Job?

M&S Clothing Sales: 12 Quarters Of Decline Updated: 2:13pm UK, Tuesday 08 July 2014 Marks & Spencer (M&S) has faced frustration from shareholders after reporting a 12th consecutive quarter of declining clothing sales. The company blamed...

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Moulton In Talks Over Unipart Rescue Deal

By Mark Kleinman, City Editor The City financier Jon Moulton is in talks to rescue Unipart Automotive, Britain's biggest independent car parts supplier, in a deal that could save more than 1,500 jobs. Sky News can reveal Better Capital, the investment...

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Washington State Issues Marijuana Shop Licences

Marijuana retail shop owners in Washington state have been given the green light to open their doors after a series of licences were granted via overnight emails. Some two dozen pot shops will be permitted to sell cannabis to the public beginning at...

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Lloyds Picks New Chief Amid Bank IT Scrutiny

By Mark Kleinman, City Editor Britain's biggest high street lender will this week appoint a new IT chief as the banking sector seeks to overhaul creaking computer systems following a series of reputation-damaging failures. Sky News understands...

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Digital Banking Growth Poses Risk To Branches

A report for the banking industry has boosted its case for reductions in high street branches in favour of digital banking. The study by the British Bankers' Association (BBA) and Ernst & Young, known as EY, found that mobile phone and internet...

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Samsung Forecasts 25% Fall In Q2 Profits

Growing mobile phone competition from China and a strong South Korean currency will knock Samsung's latest profits by a quarter, the company has revealed. It released an explanatory note to "address market and investor concerns" alongside its estimates...

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Payday Loan Complaints Double In Two Years

The number of complaints about payday loans has more than doubled since 2012 - with the most common gripe being from those who said they had been pestered for cash even though they had not taken out a loan. The Financial Ombudsman said 794 people made...

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Post Office To Enter Mobile Phone Market

The Post Office is to become a mobile phone provider in a move it says will challenge existing operators. The mailing retailer said its mobile service would launch, using EE's network, in the autumn and initially be rolled out to 50 branches, online,...

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Sports Bar Owner Rileys To Score With Sale

By Mark Kleinman, City Editor The owner of the site that used to house London's famous Sports Cafe could be heading for a change in ownership after a sharp rebound in profits. Sky News understands that shareholders in Rileys, which operates more...

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M&S Clothing Sales: 12 Quarters Of Decline

Marks & Spencer (M&S) has faced frustration from shareholders after reporting a 12th consecutive quarter of declining clothing sales. The company blamed the roll-out of its new website, which it had previously warned would take time to settle...

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