Ireland Digs Deep For Economic Recovery

By David Blevins, Ireland Correspondent, in County Mayo Seismic surveys are to be carried out to ascertain if Ireland has enough oil and gas reserves to export fuel. Shell is already building the longest gas tunnel in Europe (4.9km) to transport...

16.01 | 0 komentar | Read More

Swansea Bay Tidal Lagoon May Open In 2017

By Rhiannon Mills, West of England Correspondent Exploratory work is underway off the coast of south Wales where scientists hope to build the world's first tidal lagoon power station. As Britain continues to search for more sustainable forms of...

16.01 | 0 komentar | Read More

Lads Mags: Tesco To Restrict Sales To Over 18s

Supermarket giant Tesco says it will sell lads mags only to those aged 18 or over. The chain also said it had struck a "modesty deal" regarding the front covers of magazines such as Zoo, Nuts and Front and that Bizarre will be supplied in a bag. The...

16.01 | 0 komentar | Read More

Money Troubles: Half Of UK 'Living On Edge'

Around nine million more adults are struggling with money compared to seven years ago, a report into the health of the nation's finances has found. More than half (52%) of those surveyed are living on the edge, equating to 26 million people across the...

16.01 | 0 komentar | Read More

RBS Sees Profit Of £1.37bn In First Half

RBS' McEwan: Man Behind The Name Updated: 8:01am UK, Friday 02 August 2013 Ross McEwan was the nearly man of Australian banking before his ascent to one of the most sensitive jobs in the UK financial world. His appointment as chief executive of Royal...

16.01 | 0 komentar | Read More

BA Owner IAG In £300m Half-Year Loss

Losses have deepened for IAG, the owner of airlines BA and Iberia, as it reports a half-year operating loss of 345m euros (£300m). The six-month figure to June 30 compares to a loss of 253m euros (£220m) in the same period last year. However the airline...

16.01 | 0 komentar | Read More

Nazi Gold Moved And Sold By Bank Of England

The role the Bank of England (BoE) played in moving and selling gold looted by the Nazis has been revealed in a previously unpublished file. A record from the bank's archive shows it transferred £5.6m of gold from Czechoslovakia on behalf of Germany's...

16.01 | 0 komentar | Read More

British Gas Defends Cold Winter Profits Boost

British Gas has said higher costs largely wiped out profit growth from the unusually cold winter in the first half of its financial year. Profits for the residential energy business in the six months to June 30 grew by 3.2% to £356m. While the company...

16.01 | 0 komentar | Read More

Car Insurers Rapped On Whiplash Fraud

Insurance companies have been told to "get their house in order" and end the additional cost to drivers from fraud and exaggeration in whiplash injury claims. A report by the House of Commons Transport Committee said industry practices encouraged bogus...

16.01 | 1 komentar | Read More

Coalition's £5bn Export Scheme Yet To Launch

A £5bn scheme designed to boost exports which was due to be launched last year has yet to help a single British firm. Ministers said details of the export refinancing scheme, which was due to be up and running by the end of 2012, were still being worked...

16.01 | 0 komentar | Read More

Barclays Half-Year Profit Down 17% To £3.59bn

Barclays has reported a 17% drop in half-year adjusted profit of £3.59bn, as it announced a £5.8bn capital-raising rights issue. It said adjusted income decreased 3% to £15bn, in the six months to June 30. Barclays said a payment protection insurance...

16.01 | 0 komentar | Read More

BP's $20bn Oil Disaster Fund Nearly Drained

BP's $20bn (£13bn) Gulf of Mexico oil spill compensation fund has almost run out after provision for costs so far climbed by $1.4bn (£910m) in the second quarter. The British oil giant now has just $300m (£200m) left in the fund, and the deadline to...

16.01 | 0 komentar | Read More

Energy Watchdog 'Failing Consumers', Say MPs

By Tadhg Enright, Business Reporter The energy watchdog, Ofgem, is failing consumers and undermining trust in the market, a group of MPs have said - urging it to "use its teeth a bit more". A report by the Energy and Climate Change Select Committee...

16.01 | 0 komentar | Read More

Ryanair Profit Plunges 21% In First Quarter

Budget carrier Ryanair has seen its first quarter year-on-year profit fall by 21%, despite a growth in passenger numbers. Ryanair, Europe's largest low-cost carrier, said profit for the quarter ending June 30 was 78m euros (£67m). It said the that...

16.01 | 0 komentar | Read More

Saudi Prince: Fracking Is Threat To Kingdom

A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed elsewhere around the world. Billionaire Prince Alwaleed bin Talal said the Gulf Arab kingdom needed to reduce its reliance on crude...

16.01 | 0 komentar | Read More

Royal Baby: George Gives UK Business Boost

By Emma Birchley, Sky News Correspondent The UK's newest Prince might be less than a week old but he is already proving to be a trendsetter as aspiring parents race to keep up with the Cambridges. Sales of Britax Baby Safe seats have trebled at...

16.01 | 0 komentar | Read More

Barclays Faces Fresh Customer Mis-Selling Bill

By Mark Kleinman, City Editor Barclays will face up to mis-selling misdemeanours on three fronts next week when it sets aside hundreds of millions of pounds more for historical malpractice. Sky News understands that the bank will make provisions...

16.01 | 0 komentar | Read More

£2bn Lloyds Profit Triggers Stake Sale Talks

By Mark Kleinman, City Editor The agency which manages taxpayers' £19bn stake in Lloyds Banking Group is expected to hold talks with City investors this week about a quick-fire sale of shares as Britain's biggest high street lender unveils a £2bn...

16.01 | 0 komentar | Read More