Morrisons Suffers Staff Payroll Data Theft

Data from supermarket chain Morrisons' staff payroll system, including bank account details, has been stolen and published on the internet, the company has confirmed. In an email sent to staff and seen by Sky News, the company called it an "illegal...

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Co-op Warned Of Collapse Without Overhaul

The Co-operative Group has been warned it will collapse unless drastic steps are taken to overhaul a "massive failure" of governance. Former City minister Lord Myners made the warning in a damning interim review of the group's operations. Lord Myners...

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Investors Line Up To Back £4bn AA Listing

By Mark Kleinman, City Editor A powerful group of City investors is lining up to back a £4bn-plus deal that would entail a change of ownership for the AA, Britain's biggest roadside recovery group. Sky News can reveal that Cenkos Securities, a...

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Winter Floods Lead To £446m Insurance Payout

The devastating winter floods are likely to result in more than £446m being paid out to people whose property and businesses were damaged. Insurers say some £276m will be paid out to around 9,000 homeowners whose properties were flooded, £149m will...

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Panasonic Pays China Pollution Wage Premium

The extent of China's pollution crisis has prompted Panasonic to pledge extra wages for its staff there. The Japanese electronics giant's move - thought to be a world-first for a major international firm - was announced as part of a wider deal with...

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Morrisons Plots Price Cuts After Annual Loss

Morrisons has launched a counter-attack in the supermarket price war after losing far more than ground to rivals in its last financial year. The chain - which has struggled amid strong challenges from discounters and because of its slow response to...

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UK Economy 'To Reach 2008 Peak In Summer'

The size of the UK economy will surpass its pre-recession peak by the summer, according to an upgraded forecast from the British Chambers of Commerce. The business lobby group believes the UK will grow by 2.8% this year and that the second quarter will...

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Energy Bills To Show Codes To Help Consumers

By Rhiannon Mills, Sky Correspondent Homeowners are being offered a new way to potentially save money on their energy bills - QR (or quick response) codes. The Department for Energy and Climate change wants all energy companies to add the codes...

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Revealed: Oxford Is 'Most Expensive City'

Oxford is the UK's least affordable city, a study finds, because homes there cost eleven times the average local wage. According to the report, by Lloyds Bank, the average cost of a property in the university city was almost £341,000. Winchester, Truro,...

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China Solar Panel Firm 'In Bond Default'

China has suffered what has been called its first corporate bond default, as the government tries to make its financial system more market-orientated. A Shanghai-based manufacturer of solar panels paid only part of the 90 million yuan (£9m) in interest...

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US Jobs Up As Part-Time Work Hits New Record

The number of new jobs in the United States accelerated in February, as the number of part-time workers in the month reached an all-time high. The rise of 175,000 jobs helped ease fears of an economic slowdown. The dollar rose sharply on the news and...

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TV Licence Dodgers May Not Be Prosecuted

Pressure Grows Over TV Licence Prosecutions Updated: 1:18pm UK, Saturday 08 March 2014 By Anushka Asthana, Political Correspondent What crime led to 180,000 people being hauled in front of magistrates in 2012, resulted in 70 prison sentences and...

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