US Sees Weak New Job Gains In December

The US economy added 74,000 new jobs in December, a level far below analysts' expections. The figure takes unemployment to a five-year low, but industry experts had expected the US economy to add 197,000 new jobs last month. The job creation figure,...

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Wall Street Giants To Aid £1bn Travelex Sale

By Mark Kleinman, City Editor The foreign currency provider Travelex has enlisted a pair of Wall Street titans to aid a plan that will involve a £1bn sale or flotation during 2014. Sky News understands that Travelex has drafted in Goldman Sachs...

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Teachers 'Should Pass MoTs Or Face The Sack'

Teachers should be licensed and will face the sack if they fail to pass checks on their abilities, the Labour party has said. Shadow education secretary Tristram Hunt said he wants teachers to be reviewed every few years to improve standards in England's...

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Record Online Xmas Sales Boost Festive Figures

Increasing use of tablets and smartphones and speedy delivery times are the major factors behind a sharp rise in online shopping before Christmas. Web sales growth accelerated to 19.2% compared with the same month in 2012 - the fastest rate for more...

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China 'Overtakes US' As World's Top Trader

China's annual trade in goods passed the $4trn (£2.4trn) mark for the first time in 2013, official data has revealed, confirming its position as the world's biggest trading nation. Exports from the world's number two economy rose 7.9% to $2.21trn (£1.34trn),...

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Heathrow Slams Price Cap Put On Airline Fees

The operator of Heathrow airport has slammed a price cap limiting how much it can charge airlines to use the west London site. The Civil Aviation Authority (CAA) has imposed a far greater price cap on the amount it can charge airlines than it originally...

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Tesco UK Sales Decline 2.4% Over Christmas

Tesco is blaming "further weakness" in the UK grocery market for a fall in sales over Christmas. The UK's biggest supermarket chain said sales at British stores open over a year, excluding fuel and VAT, fell 2.4% in the six weeks to January 4. However,...

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M&S Christmas Clothing Sales Fall 2.1%

Extended pre-Christmas discounting by Marks & Spencer has failed to spark sales growth in the company's troubled clothing lines. M&S confirmed to the City that it had suffered its tenth consecutive quarter of falling sales in its general merchandise...

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Morrisons Shares Slump 7% After Dire Xmas

Shares in Morrisons slumped almost 7% on opening after a shock 5.6% slump in sales over the crucial Christmas trading period. The supermarket - which is yet to break into the online grocery market - admitted the Christmas period had been "very challenging"....

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Co-Op: Regulator Stands By Flowers Decision

A senior City regulator has told MPs he stands by his decision to approve the appointment of disgraced former Co-op Bank chairman Paul Flowers, arguing it was "correct at the time". Clive Adamson, director of supervision at the Financial Conduct Authority...

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Treasury Takes Step Towards £19bn Lloyds Sale

By Mark Kleinman, City Editor The agency which manages taxpayers' £19bn stake in Lloyds Banking Group has asked Britain's biggest high street lender to work on plans for a share sale to the general public. Sky News has learnt that UK Financial...

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Xmas Discounting 'Strongest For Seven Years'

The scale of the discounting deployed by stores to attract Christmas shoppers has been laid bare in a report which identified a "double whammy of good news" for consumers. According to a survey by the British Retail Consortium (BRC) and researchers...

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Bank Regulators Kick Off Formal Co-Op Probes

By Mark Kleinman, City Editor Banking watchdogs are poised to kick off formal probes into last year's crisis at the Co-operative Bank in a move which could lead to significant fines or bans for former directors of the lender. Sky News understands...

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Janet Yellen: Federal Reserve Boss Is Revealed

Federal Reserve vice chair Janet Yellen will be the new head of the world's most powerful central bank - the first woman to hold the position. The 67-year-old was Barack Obama's choice and she earned cross-party support in the bitterly divided chamber....

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Economy: BCC Poll Indicates Stronger Recovery

Fresh evidence has emerged that Britain's economic recovery is set to strengthen further. The grounds for optimism came in a quarterly poll of 8,000 firms by the British Chambers of Commerce (BCC), raising expectations of continued increasing growth....

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Asian Markets Rattled Over Ongoing US Fears

Asia's markets fell on Monday in the first full day of trade in the new year, with Tokyo tumbling as the dollar and euro retreated from five-year highs against the yen. The reaction comes after investors were given a mixed lead from Wall Street after...

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December Online Sales Boom As Stores Struggle

Online stores saw a boom in December sales while high street retailers with low web presence struggled for customers, a new report suggests. Figures from accountancy firm BDO showed December non-store sales leaping 31.1%, rising to growth of 55.7% in...

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Osborne: We Need To Cut An Extra £25bn A Year

A further £25bn of cuts must be made after the next election if the Government is to eliminate the UK's deficit, Chancellor George Osborne has said. Mr Osborne, who will set out his priorities for the next 12 months in a speech later this morning saying...

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Alicia Keys And BlackBerry Part Company

Grammy-winning Alicia Keys and BlackBerry are cutting ties just one year after the singer was hired as a 'creative director' for the struggling smartphone maker. The Canadian company partnered with the singer-songwriter in January 2013 when it launched...

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House Prices 'Jumped 1.4% In December'

House prices in the UK rose by the biggest amount in more than four years in December, according to mortgage lender Nationwide. It measured a 1.4% increase in the month - its best performance since August 2009 - leaving annual growth in the year to...

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Cameron's Pledge To Guarantee State Pensions

Voters 'Won't Back Tories' In 2015 Updated: 1:13am UK, Sunday 05 January 2014 More than a third of people who voted Conservative in the last general election say they would not vote for the party in the next election, according to a poll carried out...

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