Supermarket Wars: Price Falls Hit New Record

The intense price war between supermarket chains means grocery costs are falling at a record pace, according to industry figures. The latest data from Kantar Worldpanel, for the 12 weeks to 1 March, showed annual price falls reached a new low of -1.6%...

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Prudential Boss Thiam To Join Credit Suisse

Prudential has confirmed chief executive Tidjane Thiam is to leave the company to join Credit Suisse later this year. It made the announcement hours after Sky News reported that the head of the insurer's US business, Mike Wells, had already been picked...

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'Totally Incompetent' BBC Chair Told To Resign

The head of the BBC Trust has been told by a senior MP she is "totally incompetent" and should resign. Margaret Hodge, chair of the Commons Public Accounts Committee, gave Rona Fairhead a dressing down during a hearing over failings at HSBC bank where...

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HSBC Tax Scandal: Argentina Wants $3.5bn

Argentina has stepped up its tax evasion row with HSBC by demanding it repatriates $3.5bn (£2.32bn) of cash allegedly moved to its Swiss private bank. The country's tax authorities issued the request weeks after the Central Bank of Argentina temporarily...

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Greece Told 'Stop Wasting Time' In Bailout Talks

Greece has been urged by European finance ministers to "stop wasting time" in talks over extending its crucial bailout programme and told the "clock is ticking". Athens got a lifeline in February when ministers agreed a four-month extension to the...

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Apple's Smartwatch To Go On Sale Next Month

Apple's Smartwatch To Go On Sale Next Month We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close The Apple Watch will go on sale in the UK on 24 April Apple CEO Tim Cook has...

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US Broker Swoops For Charles Stanley Division

By Mark Kleinman, City Editor One of the London Stock Exchange's oldest companies is close to offloading its securities arm in a move that will underline growing pressures on an industry increasingly squeezed by regulatory reform. Sky News has learnt...

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Pound Soars Amid Latest 'Greek Drama'

Fresh uncertainty over Greece has prompted a warning from the Chancellor and helped push the pound to a seven-year high of €1.40. Sterling is now at levels not seen since the autumn of 2007, meaning Britons travelling abroad will get more for their...

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Virgin Atlantic Posts First Profit Since 2011

Sir Richard Branson has applauded staff at Virgin Atlantic after the airline posted its first annual profit since 2011. The airline made £14.4m in 2014 following a pre-tax loss of £54m the previous year. It credited strategic changes along with...

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Ousted FCA Chief McMillan Joins Payday Lender

By Mark Kleinman, City Editor An executive at the City watchdog who left in the wake of a damning report about its handling of price-sensitive information has taken a top role at one of the world's biggest payday lenders. Sky News can reveal that...

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