Fraud Probe Into Foreign Exchange Market

The Serious Fraud Office has opened a criminal investigation into allegations of fraud in the foreign exchange market. Britain's financial watchdog Financial Conduct Authority (FCA) in October joined other regulators around the world in investigating...

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China Chicken Scandal Hits Fast Food Chains

A growing number of fast food and cafe chains are becoming embroiled in a scandal linked to a single supplier accused of passing off "toxic meat". Starbucks, McDonald's and Burger King are among the outlets that have taken action since a video came...

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BBA In Talks About Payments Council Merger

By Mark Kleinman, City Editor The banking industry's main lobbying group is considering proposals to merge with at least two of its peers amid pressure from leading members to reduce costs levied by trade organisations. Sky News understands that...

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Tesco Chief Philip Clarke To Step Down

Tesco's chief executive Philip Clarke is to quit after a string of poor results for the supermarket giant. The group, which is seeing its worst sales performance in four decades, announced Mr Clarke's departure as it issued a fresh warning on profits....

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Glenfiddich Eyes £100m Drambuie Scotch Merger

By Mark Kleinman, City Editor The family-owned business behind Glenfiddich and Grant's is examining a £100m takeover of Drambuie, the liqueur reputed to be made from a recipe concocted by Bonnie Prince Charlie. Sky News understands that William...

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Royal Mail Warns Of Lower Parcel Revenues

Royal Mail has warned of a hit to its full-year revenue expectations because of growing competition for parcel deliveries. In its first quarter results statement, the postal operator said that while total revenues had risen 2% - thanks to a 3% increase...

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Gadgets 'Cost Hundreds Of Pounds More In UK'

Consumers in the UK are paying hundreds of pounds more for some gadgets than US shoppers, a watchdog says. Which? compared the prices - excluding tax - of 13 products ranging from televisions to computer applications, and found Britons were getting...

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UK Tops 'Dirty 30' EU Power Plants League

The UK has been ranked joint first for Europe's most polluting coal-fired power stations by a coalition of environmental and health campaign groups. The "Europe's Dirty 30" study ranked nations according to carbon emissions in 2013. The UK topped the...

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Banks Face £1.5bn Hit From PPI Claims Deluge

By Mark Kleinman, City Editor Britain's largest high street banks will announce next week that they are setting aside more than £1bn in additional provisions to compensate customers who were mis-sold payment protection insurance (PPI). Sky News...

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Russia Faces 'Hard-Hitting' Sanctions Over MH17

Russia Only Needs To Create Doubt Over MH17 Updated: 12:50pm UK, Tuesday 22 July 2014 By Katie Stallard, Moscow Correspondent From a cavernous situation room inside the Russian Ministry of Defence, the Lieutenant-General set out Russia's version...

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