Hunt To Get £17m Payout From Hotcourses Sale

By Mark Kleinman, City Editor Jeremy Hunt, the Health Secretary, is in line for a windfall worth more than £15m from a company sale that would propel him to the top of the Cabinet rich list. Sky News can exclusively reveal that Hotcourses, an education...

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Metro Bank Seeks £285m In New Cash Call

By Mark Kleinman, City Editor Metro Bank is to tap shareholders for nearly £300m in a larger-than-expected fundraising that will see the high street lender delaying a flotation until 2016. Sky News has learnt that Metro Bank told its existing investors...

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Mobile Spending 'Could Be Worth £23bn' By 2018

By Poppy Trowbridge, Business and Economics Correspondent This year has been dubbed 'The Mobile Christmas' and with 48% growth in mobile shopping, retailers are increasingly targeting shoppers through digital devices. British retailers will spend...

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Thames Water 8% Price Hike Stopped By Ofwat

Britain's biggest water company has been stopped from imposing a price hike of 8% on its customers for 2014-15. Ofwat, the water regulator, said the Thames Water price rise of £29 was not justified, despite the company saying the extra money was needed...

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BA Owner IAG Profit Soars In Third Quarter

IAG, the owner of BA and Iberia airlines, has seen its profit fly high in the third quarter to £575m. The company saw the rise in the three months to the end of September up from £224m in same period last year. Iberia, which has been hit by major cuts...

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Twitter's Share Price Rockets In NYSE Launch

Smooth Sailing For 'TWTR' Launch Updated: 11:34pm UK, Thursday 07 November 2013 By Hannah Thomas-Peter, New York Correspondent The "pop" at the beginning of the day prompted some early investors to sell a portion of their shares. Meridian Equity...

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Morrisons Sales Fall 3% In Third Quarter

Morrisons says subdued consumer confidence and its low exposure to online and convenience shopping is to blame for falling sales. Like for like sales including fuel in the third quarter - a measure charting the performance of continuing operations -...

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Twitter IPO: Shares Hit Stock Exchange At $26

Twitter has set a price of $26 (£16) for its public stock offering and can begin trading on the New York Stock Exchange. The price values the San Francisco-based micro blogging site at $14.1bn (£8.8bn), based on its outstanding stock and options, Reuters...

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Universal Credit Scheme 'Has Lost Over £140m'

Universal credit has been savaged by MPs for "shocking" failures that have already wasted at least £140m. The scheme has been blighted by "alarmingly weak" management, with secretaries allowed to authorise purchase orders worth more than £20m. In some...

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M&S Upbeat Despite Clothing Sales Falling Again

M&S v Primark: The Clothing War It Can't Win Updated: 2:03pm UK, Tuesday 05 November 2013 By James Sillars, Sky News Business It's a battle for your business. A war to win your custom. M&S has been losing ground to rivals and its problems...

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Job Losses Feared At BAE Shipyards Amid Review

More than a thousand losses are to be announced by the defence giant BAE systems in a review of its shipyards, Sky sources have learned. The announcement, which is expected as early as today, is part of a martime defence review, which BAE systems launched...

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VIP Visas Aimed At Drawing Executives To UK

By Anuskha Asthana, Political Correspondent British visas are to be offered under a "same-day service" in China and a number of other countries in a bid to make the UK immigration service more pro-growth. The move will be announced by Theresa May,...

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Wonga Chief Defends Company Practices

The chief operating officer of payday loan company Wonga has defended its practices as it released a film telling the stories of 12 of its customers. Niall Wass told Sky News that Wonga decided to make 12 Portraits to dispel the "negative" image...

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M&S: Ninth Quarterly Clothing Sales Decline

Marks & Spencer insists it is seeing early signs of improvement in its crucial Womenswear collection after lower first half sales. Like-for-like clothing and homeware sales fell 1.5% during the first six months of its financial year, 1.3% during...

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Apple To Open Manufacturing Plant In Arizona

Apple will open a new plant in Arizona as part of its push to boost manufacturing in the US. The facility in Mesa will provide 700 manufacturing jobs in the first year and 1,300 construction and associated positions in the city of Mesa, according to...

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Ryanair Moves To Fully Allocated Seating

Ryanair has announced a plan to move to fully allocated seating on all of its flights. The budget carrier said the new system will be in force from February 1. The move comes after numerous customer complaints about the frenzied rush by passengers...

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Pregnancy Discrimination 'Must Be Tackled'

Discrimination against mothers at work is still a problem and "needs to be tackled", the head of the Equality and Human Rights Commission has said. Mark Hammond said the bias was "very concerning" as he launched an EHRC review into pregnancy and maternity...

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Co-op Faces Criticism Over £1.5bn Bank Rescue

By Mark Kleinman, City Editor The Co-operative Group confirmed the outline of a £1.5bn rescue plan for its banking arm on Monday as its management faced intense criticism over losses facing thousands of small investors. Warning that creditors would...

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