Malaysia Airlines Launches 'Complete Overhaul'

Malaysian officials have released a share buy-back plan to take Malaysia Airlines off the stock market, as part of a "complete overhaul" of the embattled carrier. State investment firm Khazanah Nasional, which owns 69% of the airline, wants to purchase...

16.01 | 0 komentar | Read More

Royal Mail To Change Post Box Collection Time

The collection time at almost 50,000 Royal Mail post boxes will be brought forward to earlier in the day under new plans. Staff delivering letters are expected to make the pick-ups as part of their rounds. Some 47,500 post boxes will see collection...

16.01 | 0 komentar | Read More

Canadian Teachers Swoop On Debt Group Lowell

By Mark Kleinman, City Editor A giant Canadian pension fund has swooped to buy a big stake in Lowell Group, one of Britain's biggest consumer debt collection agencies. Sky News understands that Teachers Private Capital (TPC), an investment arm...

16.01 | 0 komentar | Read More

Malaysia Airlines Launches 'Complete Overhaul'

Malaysian officials have released a share buy-back plan to take Malaysia Airlines off the stock market, as part of a "complete overhaul" of the embattled carrier. State investment firm Khazanah Nasional, which owns 69% of the airline, wants to purchase...

16.01 | 0 komentar | Read More

Co-op Group Reveals Major Restructure

The struggling Co-operative Group has announced plans for reform of its governance structure. It said the executive board would be reduced from the current 18 positions to 11, as soon as new rules are registered. It also said the smaller board would...

16.01 | 0 komentar | Read More

British Investigator Goes On Trial In China

A British investigator arrested in China after carrying out a probe for pharmaceutical firm GlaxoSmithKline (gsk) has gone on trial for breaching the country's privacy laws. A message posted on a state social media account said Peter Humphrey had accepted...

16.01 | 0 komentar | Read More

Bosses Who Fix Energy Prices Face Prison

Executives who rig wholesale gas and electricity prices face up to two years in jail under Government plans aimed at driving down the cost of household bills. Those who fix prices at an artificial level would be committing a criminal offence if the...

16.01 | 0 komentar | Read More

L&G Sees Profit Rise On Pension Reforms

Legal & General (L&G) saw its pre-tax profit rise by 7% for the first half of the year. The life insurance and pensions provider reported a profit of £636m, up from £594m for the same period last year. The company credited an increase in demand...

16.01 | 0 komentar | Read More

UK House Price Average Rose 1.4% In July

UK house prices rose by a more-than-expected 1.4% in July, according to Halifax figures. The rise takes the average price of a home in Britain to £186,322. The British mortgage lender said house prices for the period were 10.2% higher than a year ago....

16.01 | 0 komentar | Read More

Standard Life Profit Rises 12% To £339m

Standard Life has reported a 12% rise in its operating profit for the first half of the year. The insurance and pension group's operating profit before tax rose to £339m as more UK workers were automatically enrolled in company pension schemes. The...

16.02 | 0 komentar | Read More

HP Suing Autonomy Bosses Over Alleged Fraud

Hewlett-Packard (HP) is to set to sue the former chief executive of Autonomy. HP has accused Michael Lynch of fraud as an on-going row grows over its troubled purchase of the British software company three years ago. The US technology giant is also...

16.02 | 0 komentar | Read More

F1 Boss Offers Settlement To End Bribery Trial

Formula One boss Bernie Ecclestone has offered a £60m ($100m) settlement to end his trial on bribery charges, a German court has said. Mr Ecclestone, 83, went on trial in Munich in April over allegations that he bribed a former German banker as part...

16.02 | 0 komentar | Read More

HSBC Urges Ring-Fencing Delay Amid CMA Probe

By Mark Kleinman, City Editor One of Britain's biggest banks is urging the Government to delay a deadline for separating lenders' retail and investment banking operations amid fears that billions of pounds could be wasted on the project. Sky News...

16.01 | 0 komentar | Read More

Portugal's Banco Espirito Santo Gets Bailout

Portugal has announced a multi-billion euro rescue plan for struggling lender Banco Espirito Santo. 4.9bn euros (£3.9bn) will be pumped into its largest listed bank which under the plans will be split into two. A "good bank" called Novo Banco will...

16.01 | 0 komentar | Read More

HSBC Sees Pre-Tax Profit Drop 12% To £7.3bn

HSBC's pre-tax profit dropped by 12% to £7.3bn in the first half of the year. For the same period in 2013, the bank made £8.3bn. It comes as HSBC said it has increased its provision for payment protection insurance (PPI) compensation by £115m. Last...

16.01 | 0 komentar | Read More

High Street Revival 'Has Shown Little Impact'

By Frazer Maude, Sky News Correspondent The self-titled "Queen of Shops" has come under fire after her Government-backed bid to revive the High Street has shown little impact. Wolverhampton was one of 12 town centres chosen to pilot retail guru...

16.02 | 0 komentar | Read More

Brady And Ex-M&S Boss To Get Tory Peerages

By Mark Kleinman, City Editor David Cameron is to hand peerages to The Apprentice star Karren Brady, the former Marks & Spencer (M&S) boss Sir Stuart Rose and a multimillionaire Conservative donor in a wave of appointments that could revive...

16.02 | 0 komentar | Read More

Campaigners Call For 'Staycation' Tax Cut

By Frazer Maude, Sky News Reporter Campaigners fighting for a reduction in VAT for the tourism industry say it could offer the UK economy a £4bn boost. The popularity of domestic holidays, or 'staycations' has been fuelled by the recession. In...

16.02 | 0 komentar | Read More