Tesco Confirms China Merger Talks

Tesco has confirmed it is in exclusive talks over combining its Chinese operations with a major supermarket operator in the country. While it is unclear at this stage whether a deal would mean the Tesco brand disappearing in China, Britain's biggest...

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BA Compensation After Saudi Flight Horror

British Airways has promised compensation after hundreds of Heathrow-bound passengers reportedly endured an horrific experience on a faulty plane that led to fights in Saudi Arabia. The Boeing 747 had to return to Riyadh twice because of a recurring...

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RBS Gets Heated Over £230m Radiator Deal

By Mark Kleinman, City Editor The taxpayer-backed Royal Bank of Scotland (RBS) is risking a renewed political outcry by opposing the restructuring of a major British-based manufacturer that would preserve hundreds of UK jobs. Sky News has learnt...

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Revealed: The UK's Most Wanted Tax Fugitives

By Poppy Trowbridge, Business and Economics Correspondent A rogues' gallery of the UK's most wanted tax fugitives has been released in an effort to collect hundreds of millions of pounds in unpaid duty. One year on from releasing the details of...

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Yahoo!: Tumblr Founder Nets 'Golden Handcuff'

It has emerged that the recently completed acquisition of Tumblr by Yahoo! includes a $110m (£70.8m) payment to the internet blogging service's founder. The retention payment - dependent on David Karp remaining at Tumblr for the next four years - was...

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Tesco Confirms China Merger Talks

Tesco has confirmed it is in exclusive talks over combining its Chinese operations with a major supermarket operator in the country. While it is unclear at this stage whether a deal would mean the Tesco brand disappearing in China, Britain's biggest...

16.01 | 0 komentar | Read More

Borrowers Boost: Interest Rates Tied To Jobs

The Bank of England plans to keep the base rate of interest at its record low level until unemployment falls to 7% - unlikely for another three years. The announcement was made by new governor, Mark Carney, at his first Inflation Report news conference...

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'One In Four' Mums Feel Work Discrimination

More than one in four mothers feel they have been discriminated against at work while pregnant or after returning to their job, according to new research. Two thirds also said they would advise women to wait until the last possible moment to tell their...

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China Trade Figures For July Beat Forecasts

China's trade outpaced expectations in July, in a possible sign that world's second-largest economy is stabilising, following a slowdown this year. The rebound is a rare optimistic sign following fears over China's economic expansion amid weak global...

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Fair Trade Warning To Quick Home Sale Sector

The trading watchdog is urging almost 120 firms operating across the "quick house sale" sector to make sure their business practices are up to scratch. The warning comes after an investigation found some hard-pressed customers end up handing over their...

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Bank Of England To Unveil Monetary Policy Shift

By Ed Conway, Economics Editor The Bank of England is set to unveil the most significant changes to the way it conducts monetary policy since it was granted independence in 1997. Mark Carney, the bank's new governor, is expected to announce that...

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China Fines Formula Milk Firms For 'Fixing'

China has fined six companies a total of $110m (£71m) following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. They are accused of cashing-in on strong demand for foreign infant formula in the wake...

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Labour: Workers '£6,000 Poorer' By 2015

The average worker will have lost more than £6,000 in real terms under the coalition by 2015, according to Labour. The Opposition claims they will be £6,660 poorer by the time of the next election, with incomes £1,520 lower in real terms compared to...

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Summer Of Sporting Success Boosts Retailers

Retailers have enjoyed their best July growth since 2006 - the last time the country saw a prolonged heatwave. The British Retail Consortium (BRC) said warm, sunny weather helped sales rise 2.2% on a like-for-like basis compared with last year as beer...

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'Bad Bank' Pays Back £1.9bn To Taxpayers

The so-called 'bad bank' behind failed lenders Northern Rock and Bradford & Bingley paid another £1.9bn to taxpayers in the first half of the year and saw a sharp fall in soured loans. UK Asset Resolution (Ukar), the state-owned firm responsible...

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Payday Loan Victims Urged To Fight Back By CAB

Payday loan customers are being urged to "fight back" if they have been mistreated by a lender by making an official complaint to the ombudsman. Citizens Advice said that in three-quarters of cases (76%) it has examined, borrowers would have grounds...

16.02 | 0 komentar | Read More

Zero-Hours Contracts 'For One Million Britons'

By Liz Lane, Sky News Reporter Up to one million people, many more than previously thought, could be employed on zero-hours contracts across the UK, new research suggests. The agreements mean that employees are expected to be on call, but are not...

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HSBC Half-Year Profits Rise 10% To £9.2bn

Europe's biggest bank, HSBC, has announced a 10% increase in half-year profits to £9.2bn. The bank said the performance was partly down to a big fall in its costs as it continued to reshape itself, disposing or closing 11 of its businesses in the period....

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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...

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Swansea Bay Tidal Lagoon May Open In 2017

By Rhiannon Mills, Sky News 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 energy,...

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Apple Ban Overturned By Obama Administration

The White House has stepped into a patent war between Apple and Samsung by vetoing a ban on imports of iPads and iPhones in the US. The US International Trade Commission (ITC) in June banned the import or sale of the iPhone 4, iPhone 3GS, iPad 3G and...

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