Sainsbury's Annual Profits Fall 1.4% To £788m

The boss of Sainsbury's has told Sky News he has a "few more years" in him at the helm of the supermarket chain despite the appointment of headhunters tasked with identifying his successor. Justin King was speaking after Sainsbury's confirmed a slight...

16.01 | 0 komentar | Read More

Tesla: Electric Car Sales Spark First Profit

Accelerating demand has helped US electric car-maker Tesla make its first quarterly profit, sparking a surge in its share price. Ten-year-old Tesla Motors surprised the market on Wednesday night when it confirmed earnings of $15m (£9.6m) in its first...

16.01 | 0 komentar | Read More

Morrisons Sees First Quarter Sales Fall

Morrisons has had a "solid start" to its financial year despite sales falling 2.6% over the first quarter. The performance, on a like-for-like basis, included fuel sales, though total sales contracted by just 0.3% as new store openings bolstered business....

16.01 | 0 komentar | Read More

Sainsbury's Annual Profits Fall 1.4% To £788m

The boss of Sainsbury's has told Sky News he has a "few more years" in him at the helm of the supermarket chain - dampening speculation he was planning to leave. Justin King was speaking after Sainsbury's confirmed a slight fall in annual profits, amid...

16.01 | 0 komentar | Read More

Queen's Speech: Immigration Set To Dominate

Measures to combat immigration and schemes to help businesses are among the Government's priorities which are due to be outlined in the Queen's Speech. David Cameron says the new policies - including a crackdown on foreign criminals and rogue employers...

16.01 | 0 komentar | Read More

Easter Timing And Cold Hit Retailers In April

The cold weather and the timing of Easter hit retail sales across the board last month - falling at their fastest rate for a year. The British Retail Consortium (BRC) said retail sales values were down 2.2% on a like-for-like basis from April 2012....

16.01 | 0 komentar | Read More

TweetDeck: Twitter's UK Firm Shut By Regulator

By Pete Norman, Sky News Online A British company bought by Twitter for a reported £25m has been shut down by the business regulator after it failed to file its accounts, Sky News has learned. The official message of TweetDeck's demise TweetDeck...

16.01 | 0 komentar | Read More

Diageo Boss Paul Walsh To Step Down In June

Paul Walsh, the chief executive of FTSE 100 drinks firm Diageo, is to leave the post at the end of June to make way for Ivan Menezes. The company has confirmed Mr Menezes, currently chief operating officer (COO), will assume control on July 1, with...

16.01 | 0 komentar | Read More

HSBC Almost Doubles First Quarter Profits

London-listed HSBC has almost doubled its first quarter profits following a big fall in costs and bad debts. It reported a pre-tax profit of $8.4bn (£5.4bn) for the period, up from $4.3bn a year ago, with Europe's biggest bank showing the benefit of...

16.01 | 0 komentar | Read More

Struggling Families Using Loans To Buy Food

Five million families in Britain are approaching financial "breaking point" and struggling to pay for food, according to research. One in five households said their monthly incomes would not stretch to cover all of their food costs in April and...

16.01 | 0 komentar | Read More

Barroso 'Mends Austerity Fences' With Merkel

The German Chancellor is not to blame for the eurozone austerity policies, the head of the European Commission has said - in an apparent attempt to mend fences with Berlin. European Commission president Jose Manuel Barroso drew fire from Germany last...

16.01 | 0 komentar | Read More

New Laws Planned To Boost Consumer Rights

A bill giving increased rights to consumers and reducing burdens on business is set to be unveiled in the Queen's Speech. Ministers believe reforming legislation will save the economy around £4bn over 10 years in more effective protection and better...

16.01 | 0 komentar | Read More

US Creates 165,000 New Jobs In April

The United States created 165,000 new non-farm jobs in April, with the figure beating expectations. Hiring was much stronger in the previous two months than first thought, and the gains trimmed the unemployment rate to a four-year low of 7.5%, the official...

16.01 | 0 komentar | Read More

Smartphones: Debit Cards Of The Future?

By Liz Lane, Sky News Reporter Smartphones could soon become an even greater part of our lives as networks join forces to let us pay for high street goods with our mobiles. The battle to dominate the market for "virtual wallets" is heating up,...

16.01 | 0 komentar | Read More

Sainsbury's To Bank On Lloyds Buyout

By Mark Kleinman, City Editor The supermarket chain J Sainsbury will next week move to take full control of its banking operations by striking a deal to buy out its partner, Lloyds Banking Group. I have learnt that Sainsbury's is on the verge of...

16.01 | 0 komentar | Read More