Dreamliner Safety And Design Review Ordered

America's aviation watchdog has ordered a comprehensive review of the Boeing 787 Dreamliner after a spate of incidents involving the aircraft. The head of the Federal Aviation Administration (FAA) said he is confident the Boeing 787 is safe, but he...

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Jessops Close All Stores - 1,370 Jobs To Go

Administrators say camera chain Jessops is to close all its 187 stores with the loss of 1,370 jobs PricewaterhouseCoopers (PwC), which was appointed to the group on Wednesday, has begun the process of shutting the firm's entire network of outlets. ...

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Cameron Issues Warning On Corporation Tax

By Mark Kleinman, City Editor David Cameron has warned the bosses of some of Britain's biggest companies to think "long and hard" about their tax contributions to the Treasury amid the ongoing row about corporation tax avoidance. I understand that...

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Fuel Costs: OAP Bills 'Doubled Since 2005'

Older people have seen their energy bills more than double since 2005, research from Saga has found. The average annual spend on fuel bills for the over-65s soared to £1,355.90 last year, amounting to more than twice as much as the average of £668.98...

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Dreamliner Hit By Fifth Fault This Week

A fifth Boeing Dreamliner fault has been discovered in as many days, raising more fears of the aircraft's safety. Oil was discovered leaking from the left engine of a Boeing 787 Dreamliner flight operated by All Nippon Airways (ANA) on Friday. An ANA...

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Honda To Cut 800 Jobs In Swindon By The Spring

Honda plans to cut 800 jobs at its Swindon plant, following "low demand" for its vehicles across Europe. The carmaker's European vice president Ken Keir said the Japanese company remains "fully committed for the long-term" to its UK and European...

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Jessops Slashes Jobs And Ignores Gift Vouchers

Troubled high street photography retailer Jessops has gone into administration and will no longer accept gift vouchers or returned goods, it has been confirmed. Sky sources earlier revealed that an application for administration was filed on Wednesday...

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M&S Confirms Festive Clothing Slump

By Mark Kleinman, City Editor Marks & Spencer (M&S) has confirmed that it suffered a slump in pre-Christmas clothing sales in a trading update hastily brought forward following a leak of the numbers to Sky News. In a statement released...

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Tesco Sees Sales Up 1.8% Over Festive Period

Supermarket giant Tesco has seen UK like-for-like sales in the six weeks to January 5 rise by 1.8%. It was the strongest rate of growth for Britain's biggest supermarket chain in three years. Online food sales saw growth of 18% in the period, with...

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Ofcom To Boost Hunt for Nuisance Call Firms

The telecoms watchdog is to boost efforts to hunt down companies behind nuisance calls to householders. The move was prompted after Ofcom said a study found almost half of all adults were subjected to silent or abandoned calls within a six-month period....

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Sainsbury's Reveals Record-Breaking Xmas

Supermarket chain Sainsbury's has revealed a record-breaking Christmas trading period, with total sales (excluding fuel) up 3.3% in the third quarter. The retailer, which sits in third position behind Tesco and Asda, said Christmas was the 32nd consecutive...

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Pensions 'Plunge Over £3,000 In Five Years'

People planning to retire this year expect to be living off the lowest average incomes recorded in six years, it is claimed. This year's retirees expect to have a typical annual income of £15,300, making them around £3,400 a year worse off than workers...

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Online Sales Boost A 'Sluggish' December

By Ursula Errington, Business Reporter Strong online sales in December have buoyed what has been described as an "underwhelming and sluggish" Christmas on the high street. The British Retail Consortium (BRC) said retail sales for the month were...

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Revealed: Virgin's New American Pilot

By Mark Kleinman, City Editor Virgin Atlantic will on Tuesday reveal that it is swooping on the arch-rival of its new US shareholder to land a new chief executive as the airline founded by Sir Richard Branson enters a crucial period in its history....

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Debenhams Posts Record Christmas Trading

Debenhams has revealed it has enjoyed its best Christmas sales ever. Like-for-like sales in the five weeks to January 5 climbed 5% - with online sales "ahead of expectations", rising 39% over 18 weeks to the same date. The department store said figures...

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Car Sales At Best Level Since Financial Crash

New UK car registrations rose more than 5% in 2012, taking the annual volume to its highest level since 2008. More than two million vehicles were registered, which as the largest recorded increase since 2001. The Society of Motor Manufacturers and...

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City Jobs: New Posts Down Amid Weak Economy

The number of City jobs being created has fallen by more than a third, according to new figures. Just 35,115 posts were created in 2012 - down 35% on the 54,025 in 2011. In addition, around 800 new City jobs were available in December last year, compared...

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Morrisons Sees Sales Drop Over Christmas

Morrisons has revealed a "disappointing" Christmas period, with like-for-like sales (excluding fuel) down 2.5% in the six weeks to December 30. The supermarket chain appears to have been the big loser in the so-called supermarket war over the festive...

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Tax Cheats: HMRC Publishes Names and Photos

The names and photographs of last year's top tax cheats have been made public as part of the Government's efforts to crack down on evasion. The 32 criminals have been sentenced to a combined 155 years and 10 months behind bars, HM Revenue and Customs...

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More Pensioners Working Into Retirement

By Becky Johnson, Sky News Correspondent As nearly 10 million people in Britain are now over 65, increasing numbers of pensioners are taking up a second career after they retire. One in three 45 to 65-year-olds now plan to carry on working into...

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Exclusive: Banks Braced For Cash Bonus Cap

By Mark Kleinman, City Editor The two giant banks bailed out by British taxpayers in 2008 are preparing to impose a fourth consecutive annual cap on cash bonuses as they finalise staff payouts for last year. I have learned that executives at Lloyds...

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