Budget Shuts Controversial Irish Tax Loophole

By David Blevins, Ireland Correspondent The Irish government has confirmed that it is phasing out a controversial tax regime that has allowed multinational companies to save billions of euros. Finance minister Michael Noonan signalled the closing...

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FCA Executives Mull Insurance Probe Criticism

By Mark Kleinman, City Editor Executives at the City watchdog have begun examining criticism of their conduct as part of an inquiry into a media briefing which wiped hundreds of millions of pounds from the value of listed insurance companies. Sky...

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Tesco Suspends More Execs Over Profits Error

Tesco has suspended another three executives as it continues its investigation into a £250m profit black hole. Sky Sources suggest they are Dan Jago, head of beer, wine and spirits and director of convenience Sean McCurley. The other man is understood...

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Twitter: Bank To Use Social Media To Send Cash

By Tom Cheshire, Technology Correspondent One of the largest banks in France will today unveil plans to let its customers - and those of other banks - send money through Twitter. Groupe BPCE will be the "first banking group to offer individuals a...

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Burberry First Half Revenues Rise By 14%

Burberry has announced a 14% rise in first-half revenues to £1.1bn but the fashion house expects currency exchange rates to hit profits. The London-listed firm, which has more than 500 stores including franchises worldwide, said the underlying growth...

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Mulberry Shares Dip 25% On Profits Warning

A 17% fall in first half revenues prompted Mulberry to issue a profits warning, sending its share price tumbling 25% in early trading. The British luxury bag maker said in a trading update that full-year pre-tax profit would be "significantly below...

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Over-55s To Use Pension Pots Like Bank Accounts

People reaching the age of 55 are to be given more flexibility over what they can do with their pension pots as they approach retirement. Chancellor George Osborne will announce today that the over-55s will be able to withdraw several lump sums instead...

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Three Big Six Firms Face Watchdog Meter Probe

The energy regulator is investigating three 'Big Six' energy firms over a slow roll-out to businesses of advanced electricity meters. Ofgem said British Gas, E.ON and npower were the poorest performers in terms of completion rates. Under...

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Inflation Falls To Five-Year Low Of 1.2%

Plunging fuel costs and a supermarket price war are being credited for the latest dip in the annual rate of inflation. The Office for National Statistics (ONS) measured a 1.2% rise in consumer prices in the 12 months to September - its lowest level...

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Coke Aims To Fizz As 'Boris Bikes' Sponsor

By Mark Kleinman, City Editor Coca-Cola is among a number of international brands vying to replace Barclays as the headline sponsor of London's pioneering cycle-sharing scheme. Sources have told Sky News that the soft drinks giant is one of several...

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