Tesco Taps Banks For £2.5bn Crisis Warchest

Tesco Profit Error: Could Something Be Amiss? Updated: 9:35am UK, Tuesday 23 September 2014 By Ian King, Business Presenter Even from a lesser company, three profits warnings inside a year would be startling. Coming from a blue-chip stalwart...

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Payday Lender Wonga Pre-Tax Profit Drops 53%

Wonga's Apology For Fake Legal Letters Updated: 10:55am UK, Thursday 25 September 2014 This was the full text of Wonga's apology and information for customers when the scandal broke in June: Dear Wonga customers, We are issuing a public apology following...

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PayPal To Split From eBay In 2015 Flotation

PayPal is to be spun off from online auction site eBay, to become a separate publicly traded company. The spin-off is to take place in the second half of 2015. Pre-market shares in eBay surged by 11% on news of the announcement on Tuesday. The board...

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Supermarket War Spreads Amid Fuel Price Cuts

Petrol: The Pump Price Conundrum Updated: 7:42am UK, Tuesday 30 September 2014 By Ursula Errington, Business Correspondent In early 2013 the Office of Fair Trading said motorists weren't being ripped off, and that the price of petrol on our forecourts...

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Insider Trading Charges For Ex-Morrisons Exec

The City watchdog has charged a former senior executive at supermarket group Morrisons over alleged insider dealing. The Financial Conduct Authority (FCA) said Paul Gerard Coyle was charged with over two offences, contrary to Section 52(1) of the Criminal...

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Netflix Eyes Up Hollywood With Feature Film

Netflix is to make its first entry into feature film production by jointly producing the sequel to the Oscar-winning Crouching Tiger, Hidden Dragon. Crouching Tiger, Hidden Dragon: The Green Legend will be released exclusively on the online video streaming...

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Nationwide: House Prices Fall In September

After 16 consecutive months of growth UK house prices have fallen in September, according to a new survey. The latest figures from high street lender Nationwide showed a fall of 0.2%, easing the average house price to just over £188,000. It said that...

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EU Probe Slams Ireland Over Apple Tax Deals

The Lure Of Ireland For Tech Firms Updated: 3:39pm UK, Tuesday 30 September 2014 By Pete Norman, Sky News Business Although Apple has come under the EU microscope over its tax affairs, complex corporate structures have become a common accounting...

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The Lure Of Ireland For Global Tech Firms

By Pete Norman, Sky News Business Although Apple has come under the EU microscope over its tax affairs, complex corporate structures have become a common accounting tool for savvy tech firms. The European Commission's preliminary findings show...

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McVitie's Picks Banking Trio For £2bn Float

By Mark Kleinman, City Editor The owner of Penguin and Jaffa Cakes, two of the UK's best-selling snack brands, has picked a trio of banks to work on a £2bn stock market listing even as the company holds parallel talks about an outright sale. Sky...

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