First-Time Homebuyers At Five-Year High

The number of first-time homebuyers has risen to the highest level in five and a half years, porviding further evidence of a recovery in the housing market. According to the Council of Mortgage Lenders (CML), 25,100 loans worth £3.4bn were advanced...

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Twitter Takes On Tax Expert To Avoid Woes

By Pete Norman, Sky News Online Twitter is bolstering its international operations ahead of an expected flotation by employing its first full-time tax manager, to ensure complex company structures comply with laws across Europe. Based in its international...

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UK Motor Industry Gets £1bn Hi-Tech Boost

Britain's motor industry is to receive more than £1bn in new funding over the next decade to improve its global competitiveness. The joint UK motor industry and Government automotive strategy has agreed to the deal to help secure the growth and development...

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GlaxoSmithKline Denies China Drug Bribes

Britain's biggest drug maker has told Sky News it rejects claims by Chinese authorities that it offered bribes to doctors and hospitals. GlaxoSmithKline (GSK) had been accused by China's Public Security Bureau (PSB) of offering free travel as "large...

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China Tops 'Air Travel Delays' List

Passengers using China's airlines and airports continue suffer the worst flight delays in the world, according to a travel industry monitor. Less than one-in-five planes leave on time from its capital's airport. A survey of flight times last month...

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UK Motor Industry Gets £1bn Hi-Tech Boost

Britain's motor industry is to receive more than £1bn in new funding over the next decade to improve its global competitiveness. The joint UK motor industry and Government automotive strategy has agreed to the deal to help secure the growth and development...

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Debt Warning For Mortgage Payers Over Rates

Millions of people are at risk of entering a spiral of debt over mortgage interest rates, according to new research. The study published by the Resolution Foundation think tank analysed the effects on families if interest rates rise by the expected...

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Regional Growth Fund Winners Are Announced

Regional Growth Fund Bidders Updated: 7:58am UK, Thursday 11 July 2013 A list of bidders to the Regional Growth Fund with conditional offers by region. North West :: Accelerating Business Growth PLUS (Blackburn with Darwen Borough Council -Programme)...

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GSK: GlaxoSmithKline Denies China Drug Bribes

Britain's biggest drug maker has told Sky News it rejects claims by Chinese authorities that it offered bribes to doctors and hospitals. GlaxoSmithKline (GSK) had been accused by China's Public Security Bureau (PSB) of offering free travel as "large...

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City Watchdog Boss Got £86,000 Bonus In 2012

By Mark Kleinman, City Editor Martin Wheatley, the boss of the new City conduct regulator, received a near six-figure bonus last year despite criticism of its handling of a string of mis-selling scandals. Sky News can reveal that Mr Wheatley, chief...

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CVC Signals Royal Mail Interest As Float Looms

By Mark Kleinman, City Editor The private equity firm that tabled a bid for Royal Mail four years ago has told the Government that it will revive its interest if attempts to privatise the postal services group through a stock market listing are...

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Royal Mail Privatisation Plans To Be Unveiled

The process of selling off the Royal Mail begins today with the promise of free shares for workers weighed against fears about layoffs and higher postage costs. Business Secretary Vince Cable will outline details of the flotation to MPs in the Commons...

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Rics, BRC And Deloitte Boost Growth Hopes

Optimism about Britain's recovery outlook have grown after a trio of surveys flagged rising house prices, improved business confidence and steady growth in retail sales. The Royal Institution of Chartered Surveyors' (Rics) house price balance jumped...

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M&S Clothing Sales Continue To Unravel

Retailer Marks and Spencer has seen a continued decline in its troubled clothing department, according to its latest trading update. It said like-for-like clothing sales declined by 1.6% during the 13 weeks to the end of June. Clothing sales have been...

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Miliband Set To Reform Labour Ties To Unions

Ed Miliband will later take one of the biggest gambles of his leadership by vowing to radically reform Labour's relationship with the unions. In a move that could cost his party millions in funding and lost membership, Mr Miliband will unveil steps...

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Retailers Agree Bangladesh Factory Inspections

Leading names in European retail have backed plans for co-ordinated inspections of factories in Bangladesh, in an attempt to prevent a repeat of the building collapse that killed 1,129 people in April. The collapse of Rana Plaza, a factory built on...

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Jobs Market 'Soaring' In UK, Report Says

Recruitment firms say they are placing the highest number of people into permanent jobs for two years, amid strong evidence of rising wages. The report by the Recruitment and Employment Confederation (REC) and professional services group KPMG found...

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TPG Swoops For Teachers' Bible In £400m Deal

By Mark Kleinman, City Editor The publisher of the Times Educational Supplement is to be sold to an American buyout firm in a deal valuing the teachers' bible at around £400m. Sky News has learnt that TPG Capital, one of the world's biggest private...

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Superfast Broadband Roll-Out Running Late

The Government programme to roll out superfast broadband to 90% of the population is running late and lacks strong competition to protect public value, the National Audit Office has reported. It has already announced that superfast broadband will reach...

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Slump In Pound Signals Gloom For Holidaymakers

The pound has fallen heavily against the dollar for the second time this week after key US jobs figures showed better than expected evidence of an economic recovery. While stock markets rallied, seemingly shrugging off recent fears about US stimulus...

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Ex-Trade Minister Plots £10bn Raid On Lloyds

Lord Davies, the former trade minister, is masterminding a £10bn raid on Lloyds Banking Group that would allow the Government to offload a big chunk of its shareholding in Britain's biggest high street lender. Sky News can exclusively reveal that Lord...

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