Grangemouth's Future Saved In Last-Minute Deal

Grangemouth petrochemicals plant has been saved following a last-minute deal. The 800 workers who were due to lose their jobs at the Falkirk plant - Scotland's largest industrial site and its only refinery - were told the news at 11am on Friday. It...

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UK Economy: GDP Growth Accelerates To 0.8%

The Chancellor claims there is now "real momentum" in the UK's economic recovery after GDP growth of 0.8% was measured in the third quarter. The Office for National Statistics (ONS) said it marked the strongest period of growth in more than three years...

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Family Not Seeing 'Green Shoots' Of Recovery

By Emma Birchley, East Of England Correspondent The green shoots of economic recovery might be growing stronger but the Horton family is not feeling the effects. "It's been really, really tough. We are struggling to make ends meet," said Spencer,...

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Samsung And Microsoft Report Rising Profits

Samsung achieved a new quarterly profits record in its third quarter while Microsoft has also impressed with better earnings than forecast - as sales of devices dominates. But Samsung Electronics, which is now the world's largest maker of smartphones,...

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UK Economy: GDP Growth Accelerates To 0.8%

The UK economy achieved growth of 0.8% in the third quarter - marking a slight acceleration in the recovery across 2013 as a whole. The Office for National Statistics (ONS) said it marked the strongest period of growth in more than three years - with...

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'Heat Your Homes' To Stop Winter Deaths

People are being urged by the Government keep their homes heated and get their flu jabs this winter in a drive to prevent thousands of deaths. The Cold Weather Plan For England says people should keep their houses warm, with living room temperatures...

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Marikana Massacre: 'Damning' Evidence Emerges

By Alex Crawford, Special Correspondent The Marikana Miners Support group has called for South African police to be prosecuted after apparently unearthing new evidence which disputes the authorities' version of what happened on the day more than...

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UK Car Production Back At Pre-Recession Level

High demand for cars built in the UK has helped production return to pre-recession levels, according to industry figures. The Society of Motor Manufacturers and Traders (SMMT) said production soared last month and has now topped the one million mark...

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Grangemouth Plant Closure U-Turn Is Possible

The owner of the Grangemouth petrochemicals plant says it could reverse Wednesday's decision to close it if "substantive" talks today yield "very significant" union concessions. Sources at Ineos were speaking to Sky News ahead of a meeting with Unite...

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Energy Bills: Major Calls For 'Windfall Tax'

By Jon Craig, Chief Political Correspondent Former Prime Minister Sir John Major has dropped an energy price hike bombshell on David Cameron by calling for a windfall tax on power companies this winter. In a move that stunned the Tory high command,...

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Whiplash Insurance Claims Face Fraud Crackdown

By Enda Brady, Sky News Correspondent Fake whiplash claimants are facing a fresh crackdown under Government plans to tackle the rising cost of motoring in Britain. Justice Secretary Chris Grayling said the measures would cut insurance premiums...

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Grangemouth: Oil Workers To Learn Their Fate

By James Matthews, Scotland Correspondent Workers at the Grangemouth oil refinery will discover today whether the plant has a future or faces permanent closure amid a bitter dispute over pay and conditions. Owner Ineos says shutting the plant...

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Grangemouth Refinery Workers 'Reject Deal'

Two-thirds of workers at the Grangemouth oil refinery have refused to accept new terms and conditions, their union says. Ineos had set a deadline of 6pm on Monday for the workforce to agree to its "survival plan", which amounts to a cut in pension entitlement,...

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Nokia Reveals Lumia Tablet And Windows Phone

Nokia has revealed a 10-inch tablet device, the Lumia 2520, as well as a new Windows phone with a massive 6-inch display. The announcements were made at is showpiece Nokia World event in Abu Dhabi. Apple is also expected to reveal its new iPad devices...

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Energy Regulator Moves To Protect Fixed Rates

The energy regulator has confirmed new rules governing fixed rate energy deals while announcing an £8.5m penalty against ScottishPower over misleading sales techniques. Ofgem said ScottishPower would pay £7.5m to benefit vulnerable customers and establish...

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Hinkley Point Nuclear Plant Deal To Go Ahead

David Cameron has hailed a landmark deal to build Britain's first new nuclear plant in a generation. Hinkley Point C in Somerset will be funded by a consortium led by French firm EDF energy, with Chinese investment, and should begin operating in 2023....

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Npower Energy Bills To Go Up On December 1

Energy giant npower has announced an increase in household tariffs of 9.3% for electricity and 11.1% for gas. The price rise will be imposed from December 1. It is the third of the so-called big six energy firms to raise its prices in recent days....

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Co-op 'To Lose Control' Of Its Banking Arm

The Co-op Group is to lose majority ownership of its banking arm, according to Reuters. In June, the bank announced it needed to raise £1.5bn pounds to plug a capital shortfall. The bank now admits it needs an additional £105m to deal with increased...

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HS2 Rail Link: 'Cities Could Lose Up To £220m'

Some cities in the UK could lose as much as £220m if a new high-speed rail link is built, previously unseen figures have shown. If HS2 goes ahead, it will leave more than 50 areas worse off - details that were omitted from a Government-commissioned...

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Energy Bills: Welby Slams 'Severe' Price Rises

The Archbishop of Canterbury has launched a stinging attack on Britain's energy firms, warning the latest round of price hikes seem to be "inexplicable". Justin Welby insisted the so-called Big Six energy companies had an obligation to behave morally...

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JPMorgan Facing Record £8bn Fine: Reports

One of America's biggest banks is facing a record $13bn (£8bn) fine for mis-selling mortgage-backed securities in the run up to the 2008 financial crisis, say US reports. A tentative deal has reportedly been reached between JPMorgan and the US Justice...

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