RBS Ditches Double-Salary Bonuses For Bankers

Taxpayer-backed Royal Bank of Scotland has ditched a proposal to give bankers bonuses of up to twice their salaries. The bank had wanted to give workers lucrative and competitive bonuses, despite making a pre-tax loss of £8.2bn in 2013. British taxpayers...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

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Barclays Board Face Angry Shareholders At AGM

Senior management of Barclays bank have faced angry shareholders at the bank's annual general meeting, with its chairman forced to defend its bonus payments. Sir David Walker told shareholders there would have been an exodus of top executives if it...

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PM Rules Out Further Onshore Wind Farms

David Cameron has told Sky News the country does not need any more onshore wind farms as he defended Tory plans to scrap subsidies for future schemes. The Prime Minister also said there would be measures in the planning system to ensure local people's...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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Gym Fees 'Could Stop Mortgage Approvals'

By Ed Conway, Economics Editor Homebuyers could find themselves turned down for a mortgage because of their gym memberships, phone bills and pension payments, under new rules introduced this weekend, experts have warned. Mortgage advisers said...

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Travis Perkins Sales Up As Housing Market Warms

Building supply firm Travis Perkins has seen its first quarter like-for-like sales rise by 12.7%, after weaker trading in the same period last year. Total sales in the three months to the end of March were up 14.2% on a comparable trading day basis....

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Eurotunnel On Track Amid Freight Truck Boost

Channel Tunnel operator Eurotunnel has kept its revenue rise on track, driven by a rise in shuttle train usage by trucks. Eurotunnel Group said income for the first quarter topped €260m (£220m), up 8% on the same period last year. It said the increase...

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Eight Renewable Energy Projects Get Go-Ahead

Plans for eight renewable energy projects - expected to generate enough clean power for three million homes - have been approved by the Government. Contracts for schemes including offshore wind farms and the conversion of coal-fired power stations to...

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Sports Direct Slams £73m Boss' Bonus Rejection

High street retailer Sports Direct has slammed shareholders who failed to support a £73m bonus share scheme proposed for founder Mike Ashley. The comments come as the company reported a rise in fourth-quarter sales to £360m in the nine weeks to March...

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Primark Sees Profit Up 26% In Last Six Months

Discount fashion chain Primark has seen its half-yearly operating profit rise 26% to £298m. Owner Associated British Foods (ABF) said its retail arm saw the surge in profit in the 24 weeks to March 1. Revenue in the period for Primark was up 14%, to...

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Tourism: Storm-Hit Dorset Gets Easter Boost

By David Crabtree, Sky News Correspondent Early indications suggest the storm battered south-west coast has enjoyed a much-needed boost in tourism over the Easter weekend. The area was hard hit in the worst winter on record and business owners...

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GSK In £8.5bn Deal With Swiss Rival Novartis

British drug giant GlaxoSmithKline (GSK) is to sell its oncology business to Novartis for $14.5bn (£8.5bn) and will buy the Swiss company's vaccines division. Novartis is expected to pay another $1.5bn (£900m) if certain milestones on the deal are met....

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David Moyes Sacked As Manchester United Boss

Keeping Moyes 'A Bigger Gamble Than Hiring Him' Updated: 9:28am UK, Tuesday 22 April 2014 By Paul Kelso, Sky News Sports Correspondent David Moyes lost the faith of Manchester United's owners the Glazer family, and with it his job, because sticking...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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Best Of British Gear Up For China Car Show

Some of Britain's most famous cars are on parade today at one of the most important days in the motoring calendar. Ford cars on display at the 50 years celebration ceremony of Ford UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their...

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