US Jobless Rate Now At Lowest Since July 2008

The unemployment rate in the United States has dropped to 5.9%, the lowest level since July 2008. The jobless rate dropped by 0.2% from the August figure. Official data showed that the US economy created 248,000 non-farm jobs in September. The Labor...

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Labour Peer McFall Joins Digital Bank Atom

By Mark Kleinman, City Editor Lord McFall, a former chairman of the Treasury Select Committee, is joining the board of Atom, the first British digital-only bank that hopes to launch next year. Sky News understands that the Labour peer is among a...

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BP Appeals 'Gross Negligence' Oil Spill Ruling

Oil giant BP has asked for a court ruling that it was "grossly negligent" for the Gulf of Mexico spill to be overturned. BP made the request to a US court to reconsider a judgment handed down last month, which increases its potential liabilities by...

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EasyJet Helped By Lengthy Air France Strike

EasyJet has lifted its annual profit forecast, as a result of lower fuel costs and a lengthy strike at competitor Air France-KLM. The budget carrier said its full-year pre-tax profit is now expected to be around £577.5m, up from guidance given during...

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Singapore Swoop In £1bn UK Airports Deal

By Mark Kleinman, City Editor A state-backed Singaporean investment fund is poised to participate in a £1bn takeover of the UK's biggest regional airports that will be announced within days. Sky News has learnt that the Government Investment Corporation...

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Virgin Money Confirms Stock Market Flotation

Virgin Money has confirmed a planned stock market flotation, with trading due to begin later this month. Sky News City Editor Mark Kleinman first reported the float, with an expected valuation of up to £2bn. Sir Richard Branson: "This is a huge day...

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Wonga Writes Off 330,000 Customers' Debts

Payday lender Wonga said it would write off the debts of 330,000 customers whose loans would not have been approved under new affordability guidelines. Sky sources said the cost of writing off the debt will be £35m. There is £220m debt outstanding...

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BoE Wants Powers To Cap Loan To Value Ratio

The Bank of England (BoE) has said it wants legal power to cap the loan-to-income ratios for mortgages. The bank's plan is to expand its ability to curb mortgage lending for homes and buy-to-let properties. Lenders are currently limited to not exceeding...

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Vauxhall Recall: Warning Over Corsa Steering

Recalls By Carmakers On The Rise Updated: 11:25am UK, Saturday 27 September 2014 The recall by Vauxhall of around 3,000 vehicles because of a steering problem is just the latest in a series of headaches for motor manufacturers. Last year, manufacturers...

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Budget Chain Aldi Sees Profit Boom In Britain

Aldi And Lidl 'Victors In Supermarket War' Updated: 2:18pm UK, Tuesday 29 July 2014 Discounters Aldi and Lidl have seen their market share surge as Britain's four biggest outlets suffer in the ongoing bitter supermarket war. Research firm Kantar Worldpanel...

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Chancellor To Abolish 'Death Tax' On Pensions

UKIP Defections: PM Did Too Little, Too Late Updated: 10:09pm UK, Saturday 27 September 2014 By Anushka Asthana, Political Correspondent During the 2010 election, I travelled to Rochester and Strood in Kent, where I met the Tory candidate Mark...

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