HMV's Boss Made Redundant: Sky Sources

HMV: The Stores To Close Updated: 10:42am UK, Thursday 07 February 2013 The 66 stores identified for closure are: Ashton-under-Lyne, Ballymena, Barnsley, Bayswater, Belfast Boucher Road, Belfast Forestside, Bexleyheath, Birkenhead, Birmingham Fort,...

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Lloyds Eyes Branches Float Amid Co-op Doubts

By Mark Kleinman, City Editor Millions of high street bank customers face further uncertainty amid growing concern that a takeover of more than 630 branches by the Co-operative Group will be abandoned. I have learnt that Lloyds Banking Group, which...

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EU Leaders Agree Historic Budget Deal

EU Budget: A Classic Compromise Updated: 6:21pm UK, Friday 08 February 2013 Accounting sleight of hand has been used to secure the approval of member states, while the EU institutions grumble on the sidelines. Germany hailed a "good and important"...

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Findus Beef Lasagne Meals 100% Horsemeat

Tests on Findus beef lasagne have revealed that some of the ready meals were made entirely from horsemeat. Findus analysed 18 of its beef lasagne products and found 11 meals contained between 60% and 100% horsemeat, the Food Standards Agency (FSA) said....

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Apple Sued By Greenlight To Unlock Cash Pile

An influential investor in Apple has filed a law suit against the company in an attempt to unlock some of its $137bn (£87bn) cash pile. David Einhorn, the head of hedge fund Greenlight Capital, demanded Apple hand investors more of its cash, which makes...

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EU Budget: Leaders 'Close To Deal'

European leaders have agreed the broad lines of a deal on a seven-year budget that would fix total EU spending at 960bn (£820bn) euros. "We feel pretty confident that we have the framework for a deal," one EU official told reporters. "The deal is not...

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RBS Hit With £390m Fine For Fixing Libor

Revealed: The Secret Libor Messages Updated: 3:48pm UK, Wednesday 06 February 2013 Sexual references, free meals and coded discussions were all part of the communications between RBS staff and others as they abused Libor rate-setting - even after they...

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High Street Rescue Plan: Bid To Save Shops

By Liz Lane, Sky News Reporter High street shops are being given a stark warning - change, or join the growing list of casualties who have collapsed in recent months. The Government is setting up a national Future High Streets Forum to make sure...

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Strong Bookings At Thomas Cook And Tui Travel

Strong bookings in Britain have boosted performance at Tui Travel, the parent company of Thomson and First Choice. Europe's largest tour operator said sales for this summer were up 4% compared to 2012, while bookings in January were up 2%. A 9% hike...

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Barclays Ups Its Mis-Selling Funds By £1bn

Barclays is to increase the funds put aside for mis-selling to consumers and businesses by another £1bn, taking the total to £2.6bn. The confirmation of the figure comes after Sky City Editor Mark Kleinman revealed the additional set aside last night....

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Household Water Bills To Rise By 3.5%

The average household water and sewerage bill in England and Wales is set to increase by 3.5%, regulator Ofwat said. The average cost of a water and sewerage bill will rise to £388 from April 2013 to March 2014 - 0.5% above the rate of inflation. Customers...

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BP Profit Hit By Gulf Of Mexico Settlement

BP has set aside a further $4.1bn (£2.6bn) in relation to the Gulf of Mexico oil spill, as it reported a fall in profit. It takes the company's total cost of the explosion at the Deepwater Horizon rig in April 2010 to $42.2bn (£26.8bn). To pay...

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Exclusive: Barclays Finance Chief Lucas Quits

By Mark Kleinman, City Editor The group finance director of Barclays is to step down amid an ongoing probe by British regulators into a controversial £7bn capital-raising that allowed the bank to avoid the Government's clutches in 2008. I can exclusively...

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Triple-Dip Recession May Be Dodged - Report

Britain is set to avoid the feared 'triple-dip' recession, according to a new survey. Business confidence has now strengthened to the highest level since the second quarter of 2011, the ICAEW/Grant Thornton Business Confidence Monitor (BCM) report has...

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George Osborne To Warn Banks On Ring-Fencing

Britain's biggest banks will face "complete separation" if they flout new rules to ring-fence risky operations from savers' deposits, the Chancellor will announce today. The new legislation will give the Government and a new banking watchdog powers...

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