Lloyds Snubs Goldman Offer For Buyout Arm

By Mark Kleinman, City Editor The private equity arm of Lloyds Banking Group has snubbed a secret takeover offer for part of its business from Goldman Sachs, prompting the departure of one of its top executives. Sky News has learnt that a division...

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Fake Letters: Wonga May Face Criminal Probe

City of London Police have confirmed they are to look again at whether the payday lender Wonga should face a criminal investigation. This week the firm agreed to pay £2.6m in compensation to 45,000 customers after it was found to have sent letters from...

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House Sitters Bag Top Properties On Cheap

By Gemma Morris, Sky News Reporter More and more young professionals, who cannot afford to get on the housing ladder, are bagging themselves plush temporary accommodation for very little money under "guardian schemes". Becoming a guardian is a...

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Lidl Supermarket Chain Creates 2,500 Jobs

German supermarket chain Lidl is creating 2,500 jobs as part of a £220m expansion programme in the UK. The company says it will boost the number of stores from 600 to 620 in the next nine months. It is recruiting across the board, including store roles,...

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Alibaba Goes For NYSE And Not Rival Nasdaq

China's giant online retailer Alibaba is to list its shares on the New York Stock Exchange and not the rival tech-heavy Nasdaq. In a regulatory filing it said American depositary shares will use the ticker symbol BABA on the NYSE. A NYSE spokesman...

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888poker Cancels Suarez Sponsorship Deal

Luis Suarez: A Huge Talent But Trouble Updated: 6:06am UK, Friday 27 June 2014 By Paul Kelso, Sports Correspondent, in Rio de Janeiro To his countrymen, Luis Suarez is an unambiguous character. He is the boy from an impoverished quarter of Salto who...

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Centrica Boss Welcomes 'Watchdog Referral'

By Ian King, Sky News Business Presenter The chairman of Britain's biggest energy supplier has told Sky News he welcomes an expected referral of the sector to the UK's competition watchdog. Rick Haythornthwaite, who chairs the owner of British...

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Dixons Hits £1bn Online Sales For First Time

The owner of Currys and PC World has seen its group online sales hit £1bn for the first time. Dixons Retail said internet shopping rose by 16% in the year ending April 30. The company said total like-for-like sales were up 5% in the UK and Ireland...

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Barclays Faces US 'Dark Pool' Fraud Lawsuit

US authorities have launched a securities fraud lawsuit against Barclays linked to its private trading system, or "dark pool". New York attorney general Eric Schneiderman alleged that the London-based bank's dark pool gave advantages to high-frequency...

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Home Building Being Hit By Skills Shortage

By Becky Johnson, North of England Correspondent A serious shortage of skilled construction workers is impacting on the industry's recovery. Experts have told Sky News that thousands of workers need to be recruited and trained in order to meet...

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Zero-Hours Contracts Face New Controls

Plans to tackle abuses of zero-hours contracts by allowing people to work for more than one employer have been attacked as insufficient by unions. The business secretary Vince Cable said the reforms, aimed at outlawing so-called exclusivity clauses,...

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Wonga Penalised £2.6m For 'Fake Legal Threats'

Britain's biggest payday lender, Wonga, has been ordered to pay £2.6m in compensation to customers threatened with fake legal letters. The Financial Conduct Authority (FCA) said 45,000 customers were hit by unfair and misleading debt collection practices...

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WPP Pay Rebel Changes Tack Ahead Of AGM

By Mark Kleinman, City Editor One of the most trenchant City critics of pay at WPP Group is to change tack by voting in favour of remuneration policies at this week's annual meeting of the world's biggest marketing services provider. Sky News understands...

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Carpetright Profit Trampled By Consumer Fears

High street flooring firm Carpetright has seen its full-year pre-tax profit drop by more than half, which the firm is blaming on falling consumer confidence. It said in the 52 weeks to April 26, group pre-tax profit was £4.6m, down 52.6% from £9.7m...

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Dozens Of Flights Cancelled Over France Strikes

By Mike McCarthy, Sky News Correspondent Thousands of air passengers are facing travel disruption due to a strike by air traffic controllers in France. The action, starting today, is expected to last for six days. Last night, French authorities...

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Asos 'Loses 20% Of Stock' In Warehouse Fire

Asos has confirmed that a fifth of its stock was "compromised" after a fire broke out at its main distribution warehouse. Police are treating the fire as deliberate. Pic: @mathew_hanley The online fashion retailer said that at the end of May the company...

16.02 | 0 komentar | Read More

HS3 Line From Leeds To Manchester Outlined

By Jason Farrell, Senior Political Correspondent Britain needs a third high-speed railway line to create "a northern powerhouse", George Osborne announced today. The Chancellor used a speech in Manchester to argue that he wants to go beyond the...

16.02 | 0 komentar | Read More

Morrisons Expands Supermarket Price War

Supermarket chain Morrisons has announced more price cuts as it attempts to stem a sales decline. It said more than 130 "everyday items" would see price reductions. The average price cut would be 14%, with some items discounted by more than 30%. The...

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TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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Ramada Owner Was £6bn InterContinental Suitor

By Mark Kleinman, City Editor The owner of the Ramada hotel chain was the mystery suitor behind a recent £6bn takeover offer for the FTSE-100 hospitality provider InterContinental Hotels Group (IHG), Sky News can reveal. Wyndham Worldwide Corporation,...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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