Labour Retreats On Threat To Break Up Banks

By Mark Kleinman, City Editor Labour has retreated on a threat to carve up Britain's biggest banks less than 15 months after Ed Miliband said lenders would be forced to sell "significant numbers of branches". Sky News can reveal that Labour has quietly...

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Poundland Revenue Tops £1bn For First Time

Poundland's revenues exceeded £1bn for the first time in its last financial year as it continues to expand amid the continuing consumer bargain boom. Europe's largest single-price discount retailer said in its fourth quarter trading update that it...

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Inflation Steady At 0% Annual Rate In March

The annual rate of inflation has remained steady at 0% for the second consecutive month. The Office for National Statistics said the consumer price index (CPI) measure remained at its lowest level since comparable records began in 1989 as transport...

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Robot Reveals Inside Of Wrecked Nuclear Plant

Robot Reveals Inside Of Wrecked Nuclear Plant We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Robot's Views Of Wrecked Reactor" Video: Robot's Views Of Wrecked Reactor...

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PPI Scandal: Clydesdale Handed £20.7m Fine

A £20.7m fine has been slapped on Clydesdale Bank for failures in its handling of payment protection insurance (PPI) complaints and attempts to mislead the City regulator. The Financial Conduct Authority (FCA) said the penalty was the largest it had...

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HSBC Paves Way For Chairman Flint’s Exit

By Mark Kleinman, City Editor HSBC is accelerating plans to appoint its first externally recruited chairman after instructing headhunters to begin searching for a successor to Douglas Flint. Sky News can reveal that Europe's largest bank, which has...

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Greens Vow To Roll Back NHS Privatisation

The Green Party has pledged to end privatisation in the NHS and re-nationalise the railways in its manifesto. The party also vowed to ban fracking, stop airport expansion and halt major road schemes, while promising cash for energy efficiency measures...

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Right To Buy: What Is It And How Does It Work?

David Cameron has announced a future Tory government would give 1.3 million housing association tenants the chance to buy their homes. :: So what is Right to Buy? The existing scheme allows council tenants to buy their home at a discount of up to...

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Election Pledges Buoy 3i Housebuilder Sale

By Mark Kleinman, City Editor Manifesto pledges by the UK's main political‎ parties to spur a housing revolution are fuelling plans by the private equity firm 3i to offload the country's biggest independent building materials group. Sky News understands...

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PM Promises 'Good Life' For 'Working People'

David Cameron has claimed the Conservatives are the "party of the working people" as he made pledges on homeownership, £5,000 of free childcare and an income tax-free minimum wage. Launching the Tory manifesto, Mr Cameron repeatedly made offers to...

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Struggling Samsung's Profits Set To Fall By 30%

Samsung has predicted a 30% drop in profits for the first quarter of 2015. It expects its operating profit between January and March to be around £3.6bn on revenue of around £29bn. That means the struggling smartphone maker has suffered a year-on-year...

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Energy Bosses’ Fury Over IoD Smart Meter Call

By Mark Kleinman, City Editor Britain's energy companies have launched an extraordinary attack on one of the country's most respected business groups amid calls for the Government to scrap an £11bn scheme that will see smart meters installed in every...

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'Radical' Pension Changes Come Into Force

By Poppy Trowbridge, Consumer Affairs Correspondent Major changes to pension rules come into effect today which will allow savers to have more control over their money when they retire. People aged over 55 are now able to cash in their pensions and...

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Tories 'Plan Secret Tax Cut For Millionaires'

Labour has accused the Conservatives of plotting a secret tax cut for millionaires after the General Election, as political parties launched a battle over economic statistics. Shadow Chancellor Ed Balls predicted a Conservative government would hike...

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Survey: Half Of Men Do Not Give To Charity

By Sean Dilley, Sky News Reporter Charities should do more to target young people and men who do not give to charitable causes, according to a report into the UK's giving habits. The survey conducted by the Charities Aid Foundation found that nearly...

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FedEx Delivers €4.4bn TNT Express Takeover

FedEx has announced a €4.4bn (£3.3bn) takeover of Dutch rival TNT Express in a deal aimed at boosting its presence in Europe. The companies said they had "reached conditional agreement on a recommended all-cash public offer of €8 per ordinary...

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The Mobile Battery That Charges In One Minute

The Mobile Battery That Charges In One Minute We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Charge Your Phone In One Minute?" Video: Charge Your Phone In One...

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HSBC Faces New Hit Under Labour Bank Levy

By Mark Kleinman, City Editor HSBC faces an additional bill running to several hundred million pounds under Labour plans to increase a tax on the balance sheets of Britain's biggest lenders. Sky News understands that HSBC would face the heaviest...

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UK Bank Scandal Costs Hit £39bn - Report

Britain's biggest banks have collectively racked up a £39bn bill as a result of financial scandals over just three years, a report has found. A study by auditors KPMG covered financial results from Royal Bank of Scotland (RBS), Lloyds, Barclays,...

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MedicAnimal Owner Vets Buyers For £100m Sale

By Mark Kleinman, City Editor One of Europe's leading technology investors is to begin vetting buyers for a £100m takeover of MedicAnimal, an online supplier of petcare products. Sky News understands that Balderton Capital has engaged bankers at...

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Pension Data Sales Claims Trigger Inquiry

An investigation has been launched by the data watchdog into claims that details of milllions of people's pensions are being sold to cold-calling firms and fraudsters. The Information Commissioner's Office (ICO) has described the revelations as "very...

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B&Q Owner To Shut 60 Stores Amid Profit Slump

The owner of B&Q has announced plans to close 60 DIY stores over the next two years. The move comes amid a 7.5% drop in adjusted pre-tax profit of £675m for Kingfisher, a chain that operates in the UK, Ireland and mainland Europe. Releasing its...

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