Nestlé Chair Warns Over UK Exit From Europe

By Mark Kleinman, City Editor, in Davos The consumer goods giant Nestle would be forced to re-evaluate the extent of its presence in the UK if Britain decided to leave the European Union, its chairman has told Sky News. In an interview during the...

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Microsoft Gets Xbox One And Surface Boost

Global software giant Microsoft has reported better-than-expected results for the fourth quarter - on the back of booming Xbox One game consoles and tablet sales. It made a profit of £3.94bn in the three months to the end of December, up nearly 3% on...

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Non-EU Banks Slip Through Bonus Cap Loophole

By Mark Kleinman, City Editor in Davos Major global banks such as Morgan Stanley and Nomura are benefiting from a loophole in new European pay rules that could leave British rivals at a big disadvantage. Sky News understands that banks based outside...

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Energy Boss Attacks Price Comparison Websites

The boss of Co-operative Energy has accused price comparison websites of misleading customers and pushing up energy bills. Group General Manager Ramsay Dunning has called on the likes of uSwitch, MoneySupermarket.com and Energy Helpline to disclose...

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High Street Chain Bathstore Groomed For Sale

By Mark Kleinman, City Editor Another prominent UK high street chain is poised to change hands with the sale of Bathstore, the specialist bathrooms retailer. Sky News understands that Endless, the investment fund which acquired Bathstore in May...

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Royal Mail Rides The Online Parcel Wave

The newly-privatised Royal Mail has revealed a rise in parcel delivery revenue of 8% in the nine months to December 29. The spike in like-for-like earnings comes as the shift to online purchases continues. The company said the figures were boosted...

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IMF Upgrades UK Growth Forecast Above Rivals

By Ed Conway, Economics Editor The International Monetary Fund is on the brink of upgrading its growth forecast for the UK more than any other major economy, Sky News has learnt. The Fund is poised to increase its projection for UK growth in 2014...

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OneSavings Heeds Miliband Call In Float Push

By Mark Kleinman, City Editor A lender backed by a prominent Wall Street financier is stepping up plans for a stock market flotation that it hopes will help it to become a serious challenger to the main high street banks. Sky News has learnt that...

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Motorway Pub Opens Despite Opposition

A new £1m pub opens at a motorway service station today, in the face of fierce criticism from road safety and alcohol campaigners. Pub chain JD Wetherspoon says The Hope & Champion will be open from 4am to 1am, seven days a week. The venue is located...

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Bingo Hall Burden: MPs Call For Tax Cuts

By Adele Robinson, Sky News Correspondent The UK's bingo hall business will "stagnate" if the Government does not cut tax on it, campaigners say. More than 50 MPs are backing calls to reduce duty and bring levies on the game in line with other...

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Ex-Barclays Executive Plots New Business Bank

By Mark Kleinman, City Editor A former Barclays executive is setting up a new bank to target small and medium-sized businesses (SMEs) in a test of the City regulator's pledge to accelerate approvals for new lenders. Sky News understands that OakNorth,...

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China GDP Growth Slows To A 14-Year Low

The world's second largest economy expanded at its slowest rate for more than a decade, official figures have revealed. China's economy  was recorded at 7.7% in 2013, the worst growth performance since 1999. Its government has now warned that...

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Fastest Growth In Retail Sales Since 2004

Brisk business for smaller retailers ahead of Christmas helped sales volumes grow at their fastest annual pace since 2004 in December. Figures from the Office for National Statistics (ONS) measured 2.6% growth during December to show an annual increase...

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Miliband Promises 'Reckoning' With Big Banks

Is The Banking System Broken? Updated: 12:36pm UK, Friday 17 January 2014 By Joel Hills, Business Presenter Folklore at Tesco has it that any internal business pitch to the former boss Sir Terry Leahy which didn't include the word "customer" in...

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Bingo Hall Burden: MPs Call For Tax Cuts

By Adele Robinson, Sky News Correspondent The UK's bingo hall business will "stagnate" if the Government does not cut tax on it, campaigners say. More than 50 MPs are backing calls to reduce duty and bring levies on the game in line with other...

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