Former RSA Boss Makes Haste For TSB Chair

By Mark Kleinman, City Editor Andy Haste, the former boss of RSA Insurance, is being lined up to take the helm of TSB as it prepares for a rebirth as an independent bank on Britain's high streets. Sky News can reveal that Mr Haste has emerged as...

16.02 | 0 komentar | Read More

£11bn Olympics Benefit Target Met

A four-year target of raising £11bn worth of economic benefit from the London Olympics has been met in 12 months, the Government has said. The country has benefited from new foreign investment, additional sales and firms winning contracts since last...

16.02 | 0 komentar | Read More

JPMorgan Agrees $4.5bn Mortgage Payout Deal

US banking giant JPMorgan Chase has reached a deal to pay $4.5bn (£2.79bn) to investors for losses on mortgage securities sold before the financial crisis. A total of 21 institutional investors to are to receive the money. JPMorgan said the deal would...

16.02 | 0 komentar | Read More

Barclays Bank 'To Axe 1,700 Branch Jobs'

Barclays is to slash 1,700 jobs from across its branch network, saying fewer staff are needed because more people are banking online. The number of cashiers, personal bankers and managers employed by the bank is expected to be cut throughout 2014. ...

16.01 | 0 komentar | Read More

Spain To Make Clean Exit From Bank Bailout

Spain's decision to make a clean exit from its bank bailout has been welcomed by Eurogroup, which is made up of finance ministers from euro-using countries. It said it showed the effectiveness of steps to deal with excessive government debt. Earlier,...

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Nationwide Sees Half-Year Profit Up 155%

The Nationwide has reported a 155% leap in half-year underlying profits, citing more lending and a rush of new customers coming to it from high street rivals. Dissatisfaction with the so-called big four high street banks has helped drive new customers...

16.01 | 0 komentar | Read More

Bank: UK Recovery Has Finally Taken Hold

Interest Rates To Rise As Handcuffs Come Off? Updated: 6:14pm UK, Wednesday 13 November 2013 Let's start with the good news. The economy is recovering more convincingly than at any point since the financial crisis of 2008. And while this is hardly...

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Burberry Breaks £1bn Barrier But Profit Flat

Luxury fashion group Burberry has seen its total revenue break the £1bn barrier for the first time, while profit for the group has remained flat. The 157-year-old group, best known for its camel, red and black check pattern, made a profit before tax...

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Airbus Firm EADS Sees Profit Up 45% In Q3

Airbus parent company EADS has seen its profit increase by 45% in the third quarter, driven by strong commercial aircraft demand. EADS said net profit for the July-September quarter rose to €436m (£366m), up from €301m (£252m) a year earlier....

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Energy Bills: Households Face 17 Years Of Hikes

Households are facing another 17 years of inflation-busting increases in energy and water bills, a spending watchdog has warned. The National Audit Office (NAO) said consumers are being forced to pay more to stump up the cost of renewing Britain's ageing...

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Energy Firm SSE Confirms £336.4m Profits

Energy firm SSE has confirmed a return to half year profits and a bigger payout to shareholders, just two days before its household bills are due to rise by an average 8.2%. The company made a pre-tax profit of £336.4m in the six months to 30 September...

16.01 | 0 komentar | Read More

Sainsbury's First Half Profits Hit £433m

Sainsbury's has announced a 9.1% increase in first half pre-tax profit to £433m as it battles Asda to be Britain's second-biggest supermarket chain behind Tesco. Total sales including VAT and fuel rose 4.4% over the 28 weeks to September 28 - by 4%...

16.01 | 0 komentar | Read More

PM Targets Overseas Funds With New Trade Body

By Mark Kleinman, City Editor Ministers are preparing to back the launch of an inward investment body that will target key British trading partners with the aim of raising billions of pounds from overseas to fund urban regeneration projects. Sky...

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Public Pay '£56m Rip-Off' On Government Calls

More than 100 million calls by the public to Government departments were charged at premium rates - costing an estimated £56m, an influential committee of MPs has said. A Public Accounts Committee report said of 208 million calls in 2012/13, some 63%...

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Help To Buy Extension Boosts October Prices

There has been strong demand for homes under the Government's Help to Buy mortgage scheme extension, according to two major high street banks. The Halifax and Royal Bank of Scotland said they received a total of £365m in mortgage applications from 2,384...

16.01 | 0 komentar | Read More

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...

16.02 | 0 komentar | Read More

BT Sport Secures Champions League Rights

BT Sport has signed a £1bn deal to broadcast Champions League and Europa League matches for three years from 2015. BT has agreed to pay around £299 million a season for the rights to all 350 matches in the two Uefa competitions each season. The Champions...

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Miliband Slams Payday Lenders' Kids Ads

Payday loans companies should be banned from advertising during children's TV shows, Labour leader Ed Miliband has said. Mr Miliband used a piece in the Sun on Sunday newspaper to claim youngsters are targeted by firms keen to exploit "pester power"....

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