The Week's Big Business Stories

Watchdog's Warning Over In-App Purchases Updated: 2:24pm UK, Friday 11 July 2014 A consumer watchdog has warned parents to check settings on their mobile devices, after Amazon was sued over children making unauthorised in-app purchases. Britain's...

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Shareholders Slam £23m Burberry Boss Pay Deal

More than half of shareholders at the annual general meeting (AGM) for luxury retailer Burberry have rejected a pay deal worth up to £23.6m for the chief executive. Some 52% of votes cast in the non-binding ballot did not support the remuneration report...

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World Cup Betting Set To Smash £1bn Barrier

Bookmakers are expecting to smash betting records for Sunday's Fifa World Cup, as punters embrace placing wagers through mobile devices. Ladbrokes, Britain's second biggest bookie, has predicted an industry-wide taking for the tournament to break the...

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Church Of England Severs Ties With Wonga

The Church of England has announced it has withdrawn its investment from controversial payday lender Wonga. It comes a week after the firm agreed to pay £2.6m in compensation to 45,000 customers after it was found to have sent letters from two fake...

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Amazon Sued Over Children's In-App Purchases

Amazon is being sued by the US government over claims the online retail giant has not done enough to stop children making unauthorised downloads of apps. The legal action by the Federal Trade Commission (FTC) comes after the company said it would not...

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MPs: Taxpayer Short-Changed On Royal Mail Sale

By Mark Kleinman, City Editor The controversy over the £3.3bn privatisation of Royal Mail has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation...

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PM Plots Anti-Strike Law Amid National Walkout

Unions: Workers Can't Feed Their Families Updated: 8:59am UK, Thursday 10 July 2014 Unions say they are angry at 'abysmal pay', working conditions and pensions. Here is a snapshot of each union's main complaints. :: Unite Members: 1.4 million from...

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Cable Orders Mail Sale Review After 'Blunder'

The Business Secretary has ordered a review of how Governments handle privatisations ahead of a stinging review which is set to criticise his handling of the Royal Mail sale. Sky News revealed on Wednesday how the the Business, Innovation and Skills...

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Thousands Walk Out As Strike Gets Under Way

Unions: Workers Can't Feed Their Families Updated: 8:59am UK, Thursday 10 July 2014 Unions say they are angry at 'abysmal pay', working conditions and pensions. Here is a snapshot of each union's main complaints. :: Unite Members: 1.4 million from...

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Nike Ends Manchester United Sponsorship Deal

Sportswear giant Nike has decided not to renew the kit deal for Manchester United after next season. The American company has supplied the Old Trafford club since 2002 when it replaced Umbro in a lucrative deal which has cost Nike around £24m a season....

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Celebrities Among Hundreds Who 'Avoided Tax'

Several names from the world of showbiz have been accused of hiding their money in an aggressive tax avoidance scheme. George Michael, Sir Michael Caine and Katie Melua all invested in the Liberty tax strategy, according to a report in The Times newspaper....

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Shop Prices Fall At Steepest Rate Since 2006

The prices of goods in UK stores fell for a 14th consecutive month in June and at their steepest level since December 2006. The calculation - in the latest British Retail Consortium/Nielsen shop price index - showed deflation hit 1.8% in the month from...

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Digital Banking Growth Poses Risk To Branches

A report for the banking industry has boosted its case for reductions in high street branches in favour of digital banking. The study by the British Bankers' Association (BBA) and Ernst & Young, known as EY, found that mobile phone and internet...

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Channel Tunnel Passengers Face More Disruption

Eurotunnel passengers are facing continued delays and cancellations after a broken-down train forced an evacuation. Four Eurostar services - carrying passengers between St Pancras and Paris - were cancelled on Tuesday morning as engineers worked...

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M&S Clothing Sales: 12 Quarters Of Decline

Marks & Spencer (M&S) has reported some improvements in trading, but has seen a 12th consecutive quarter of declining clothing sales. The company blamed the roll-out of its new website, which it had previously warned would take time to settle...

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Taylor Wimpey Ups Housebuilding By 11%

Housebuilder Taylor Wimpey has increased its construction rate by 11% in the first six months of the year. The company said it completed 5,766 homes in the first half, with an average selling price of completed properties at £206,000. The average price...

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Travellers To US Face Losing Uncharged Devices

Uncharged mobile phones, tablets and laptops will not be allowed on US-bound flights after a warning al Qaeda could be planning to blow up an airliner. The US Transportation Security Administration (TSA) said passengers at certain international airports...

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Network Rail '£53m Fine' For Low Punctuality

Network Rail (NR) has "failed to deliver" on punctuality for major routes over the past year, according to the industry regulator. The Office of Rail Regulation (ORR) said that during 2013/14 Network Rail saw long-distance and major commuter line punctuality...

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CBI's Rake Bows Out Of Race For Barclays Job

By Mark Kleinman, City Editor The CBI president Sir Mike Rake has bowed out of the race to become the next chairman of Barclays, even as the bank attempts to contain the fall-out from a string of new regulatory probes. Sky News has learnt that...

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Watchdogs Pursue 'Debt Letter' Tactics

The City watchdog has urged people to send it copies of letters from debt recovery companies purporting to be working on behalf of high street names. The Financial Conduct Authority's request comes amid reports that some banks and utility companies...

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Tory Donor Ross In Frame To Chair Ofsted

By Mark Kleinman, City Editor David Ross, the co-founder of the Carphone Warehouse high street chain, is a leading candidate to become the next chair of Ofsted, the education watchdog. Sky News can exclusively reveal that Mr Ross, who has donated...

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