US 'Patience' On Rates Boosts World Markets

World stock markets have rallied after the US Federal Reserve signalled interest rates would not be rising anytime soon despite an improving economy. US stocks enjoyed their strongest session of the year following three days of declines when the Fed...

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Mobile Networks Agree Deal To Boost UK Coverage

A £5bn project to guarantee mobile phone voice and text coverage to 90% of the UK geographical area by 2017 will go ahead. The deal means the four mobile networks - EE, O2, Three and Vodafone - have all agreed to tackle poor coverage in so-called...

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Avon Settles China Bribery Case For $135m

Avon Products, the world's best-known direct seller of cosmetics, is to pay $135m (£87m) to settle US charges of bribery in China. Avon China admitted hiding $8m (£5.1m) in gifts, including  Louis Vuitton merchandise and Gucci bags,...

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Festive Cheer On Forecourt As Petrol Prices Fall

Petrol prices could soon fall below £1 per litre - the lowest level since the end of May 2009. The RAC said the recent fall in the price of  oil - now below the $60-a-barrel - would keep dropping. "What's currently happening at the pumps with...

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Taxpayer 'Risk' From £10.5bn New Train Deal

A report by MPs has accused the Department for Transport (DfT) of leaving taxpayers with all the risk from two contracts for new trains worth a combined £10.5bn. The Public Accounts Committee said that by buying the new trains for the Intercity...

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Apple Halts Web Sales Amid Rouble Crisis

Apple has halted online sales in Russia as consumers scramble to snap up goods as price rises begin to intensify following steep falls in the value of the rouble. The volatility of recent days culminated in the currency's biggest one-day drop against...

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BT Set To Buy EE Mobile Phone Network

BT has announced that it wants to buy phone firm EE as it makes a play to re-enter the mobile market. The company has been in negotiations with EE and rival O2, but BT announced a decision on Monday to go with EE. The deal is worth £12.5bn. ...

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Co-operative Bank Fails Annual Stress Tests

By Mark Kleinman, City Editor Britain's eight biggest lenders would accumulate losses of £13bn during an 'Armageddon'-style recession in which the Co-operative Bank would see its capital reserves exhausted and the two state-backed banks severely tested....

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Russia Ramps Up Rate To 17% To Boost Rouble

Russia's central bank has made an aggressive move to combat the plunge in the country's currency by raising its core interest rate to 17%. The surprise action, announced overnight, was a response to the rouble's value sinking by almost 50% over...

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David Cameron To Launch Home Discount Scheme

A scheme offering 100,000 first-time buyers new homes with a discount of 20% as part of a drive to help people onto the property ladder will be launched by David Cameron later. Those under 40 who have never owned their own home can register their...

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Tax Helplines Cut Off Almost A Third Of Calls

Tax bosses have promised the service offered by public helplines will be improved, after it was revealed that almost a third of calls are getting cut off. Research by consumer group Which? found that, in a sample of 100 calls, only 71 were not cut...

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Glitch Causes Items To Be Sold On Amazon For 1p

Businesses are furious after a piece of software used by retailers on Amazon went wrong, causing hundreds of items to be sold for 1p. Some firms which use RepricerExpress say they risk going bankrupt because the problem has resulted in them losing...

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FTSE 100 Suffers Worst Week In Three Years

More than £110bn has been wiped off the value of Britain's leading companies as the FTSE 100 suffered its worst week in three years. The index closed down 161.07 points on Friday, a loss of 2.49%, making an overall drop of 6.6% since Monday - the...

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Growing Business: Demand Soars For UK Xmas Trees

By Nick Ravenscroft, Sky News Reporter Families in Britain are increasingly buying Christmas trees that were grown in the UK rather than ones that have been imported, according to UK suppliers. The British Christmas Tree Growers' Association (BCTGA)...

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Tax Helplines Cut Off Almost A Third Of Calls

Tax bosses have promised the service offered by public helplines will be improved, after it was revealed that almost a third of calls are getting cut off. Research by consumer group Which? found that, in a sample of 100 calls, only 71 were not cut...

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