The Sky News Business Round-Up And Look Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday October 14 On Monday, the Eurogroup is gathering ahead of Tuesday's Economic and Financial Affairs Council meeting. Eurogroup is composed of the Eurogroup...

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Govt Takes Interest On Investors' Mail Funds

By Mark Kleinman, City Editor The Government has earned hundreds of thousands of pounds in interest from private investors who saw their applications to buy Royal Mail shares snubbed by ministers. Sky News understands that hundreds of thousands...

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Royal Mail Shares Soar In First Trades

By Mark Kleinman, City Editor Nearly 150,000 Royal Mail staff were sitting on shareholdings worth more than £3,000 after a first day of trading that left the Government exposed to accusations that it had vastly undervalued the company. The postal...

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Energy Bills: SSE To Raise Tariffs By 8.2%

SSE has become the first of the so-called Big Six energy firms to confirm it is raising prices ahead of the winter, sparking a bitter backlash among consumer groups, politicians and regulators. The company said household gas and electricity tariffs...

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Foxconn Admits Student Intern Labour Breach

An Asian company that assembles products for Apple and Sony has admitted breaching labour laws with its interns. Taiwan's Foxconn revealed that students worked night shifts and overtime in violation of company policy in its Chinese facility. "In the...

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Royal Mail Shares Soar In First Trades

Shares in Royal Mail have soared in conditional trading, with their value jumping more than 30%. The spike has boosted the value of the company to more than £4.5bn, up from the pre-flotation pricing of £3.3bn. Shares opened at 8am on the London Stock...

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High Rate Travel Firm Numbers Are 'A Disgrace'

Travel companies should be banned from using high rate telephone numbers for customer services or complaints, a watchdog has said. Which? said 70% of travel firms are using the numbers and renewed its call for such companies to be subject to an EU rule...

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Apple Tight-Lipped Over New iPad Rumours

Apple is refusing to confirm or deny rumours that a new iPad release is imminent. Speculation has heightened after respected technology site All Things D suggested an October 22 unveiling. It said insiders were hinting at a thinner, lighter design,...

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Energy Bills: SSE To Raise Tariffs By 8.2%

SSE has become the first of the so-called 'big six' energy firms to confirm it is to raise its prices ahead of the winter months, sparking a bitter backlash among consumer groups and politicians. The company said household gas and electricity tariffs...

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Fed Reserve: Yellen Secures Obama Nomination

The male domination of the world's central banks is set to be blown away as a woman is nominated for the most powerful monetary policy position in the world. President Barack Obama will formally nominate Federal Reserve vice chair Janet Yellen to succeed...

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Rail Fare Price Increases To Be Curbed In 2014

The Government is announcing new measures to curb train operators' ability to increase ticket prices in the new year. Rail companies are able to add an additional 5% to some individual fares - as long as the average rise of regulated fares is maintained...

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KFC Owner Yum Hurt By China Food 'Scares'

Profits at KFC's parent company Yum Brands fell 68% in the third quarter as it continues to endure the effects of a series of controversies surrounding food in China. Shares fell more than 7% in after-hours trading when the firm warned it would take...

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Scottish Independence: Defence Jobs Warning

By Alistair Bunkall, Defence Correspondent Thousands of jobs could be lost in the defence industry if Scotland votes for independence, the Defence Secretary will warn. Philip Hammond will set out the commercial benefit of the Union as he speaks...

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Child Benefit Penalties Faced By Thousands

Tens of thousands of parents face being fined for failing to register the child benefit they received this year with the taxman. An estimated 165,000 people missed Saturday's deadline, meaning they could face penalties as well as losing the handout....

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Help To Buy Scheme: First Rates Are Revealed

The first mortgage rates on offer under the latest phase of the Government's Help to Buy scheme have been described by the lender as "fair and competitive." The latest phase of the controversial scheme will see 15% of a property's value guaranteed by...

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Help To Buy: Doubts Over Success Of Scheme

By Poppy Trowbridge, Business and Economics Correspondent The second phase of the government mortgage guarantee scheme Help to Buy launches today, three months earlier than expected - but experts are sceptical the initiative will help buyers. Lack...

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Royal Mail Sale: Fears For Small Investors

Fears have been raised over small-time investors buying shares in Royal Mail, as big City firms are set to buy the majority of those on offer. Hedge funds and City banks are allowed 70% of the shares being offered in the majority sell-off of the postal...

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JAL Picks Airbus A350 Over Boeing Dreamliner

Japan Airlines has signed its first-ever purchase from Airbus, in a blow to Boeing as the Dreamliner saga continues to affect the American firm. JAL announced a decision to buy 31 A350 planes, with a catalogue value of £5.9bn. The deal signed in Tokyo...

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Twitter IPO: Company Hopes To Raise $1bn

Twitter has unsealed the documents for its initial public offering of stock, saying it hopes to raise up to $1bn. It generated $317m (£200m) in revenue in 2012, driven largely by advertising. Twitter had more than 215 million active users as of the...

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Help To Buy: Doubts Over Success Of Scheme

By Poppy Trowbridge, Business and Economics Correspondent The second phase of the government mortgage guarantee scheme Help to Buy is due to launch next week, three months earlier than expected - but experts are sceptical the initiative will help...

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Goldman Fund Wins £720m Battle For Hastings

By Mark Kleinman, City Editor A fund managed by the Wall Street banking giant Goldman Sachs will next week emerge as the biggest shareholder in Hastings, one of Britain's fastest-growing insurance companies. Sky News understands that GS Capital...

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