Debenhams Says Customers 'More Optimistic'

Debenhams has reported first half sales and profits growth, declaring that its customers are feeling "a little more optimistic." The high street fashion to electricals chain said it was on track to achieve its full year expectations despite a "difficult"...

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Protester Attacks Draghi At News Conference

The president of the European Central Bank has been interrupted at a news conference by a protester shouting "end ECB dictatorship". Mario Draghi was outlining the bank's latest monetary policy thinking when a lone woman jumped onto the desk above...

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Eurostar: Paris Attacks Hit Passenger Numbers

Eurostar has reported passenger numbers have been hit in the wake of the terrorist attacks in Paris in January. The cross-Channel rail service said sales revenues in its first quarter were 6% down on the same period a year ago. It blamed not...

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Google Warns Staff On EU Competition Probe

Google has told its staff that EU competition regulators are set to step up their investigation into the company following a five-year inquiry, with charges reportedly imminent. Kent Walker, Google's general counsel, wrote in the memo that a "statement...

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Oil Find Near Gatwick 'Clarified' By Owner

The company which reported a massive upgrade to an oil find near Gatwick Airport has conceded it was not in a position to properly size it up. Last week's announcement that up to 100 billion barrels, a potentially "world-class" discovery, had been...

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Nokia To Buy Alcatel-Lucent In €16.5bn Deal

Nokia is to buy Alcatel-Lucent in a €16.5bn euro deal in an apparent bid to take on Ericsson and become the world's leading telecoms equipment firm. The all-share transaction, which has the support of the French government, will create a combined...

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Green Manifesto To Pledge 'Peaceful Revolution'

By Joey Jones, Deputy Political Editor The Green Party will launch its manifesto vowing to combat austerity which it says has "failed" and should be ended by a "peaceful political revolution". The party has been more prominent than ever before in...

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Inflation Steady At 0% Annual Rate In March

The annual rate of inflation has remained steady at 0% for the second consecutive month. The Office for National Statistics said the consumer price index (CPI) measure remained at its lowest level since comparable records began in 1989 as transport...

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Tories Put Right To Buy At Heart Of Manifesto

By Anushka Asthana, Political Correspondent David Cameron will say he leads the "party of working people" as he unveils a Conservative policy to extend the Right-to-Buy scheme to a further 1.3 million families. The promise will be one of two big...

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Conservatives Promise To Cut Inheritance Tax

The Conservatives have said they will take family homes out of inheritance tax by introducing a new allowance which effectively increases the threshold for tax to £1m. David Cameron said that if his party wins the 7 May election, parents will be offered...

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Buyout Firm Flowers Eyes Bid For Genworth Arm

By Mark Kleinman, City Editor Genworth Financial, a troubled US insurance company, is in talks with one of the financial services industry's most prolific investors about the sale of a business that includes a range of products sold to UK customers....

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Labour Launches 'Responsibility Lock' Manifesto

By Jason Farrell, Senior Political Correspondent Economic responsibility will be front and centre of Labour's manifesto, being launched in Manchester later. The party uses the first page of the election document to make a 'Budget Responsibility Lock'...

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More Buyers Building Homes - The Old Way

By Enda Brady, Sky News Correspondent With property prices rising and many young people still finding it hard to get a mortgage, more and more would-be homeowners across Britain are turning to one of the oldest methods of building. Cob building involves...

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UK Holidaymakers Being Conned Out Of Millions

A warning has been issued to those booking holidays online, as it is revealed that British holidaymakers were conned out of £2.2m last year. Criminal groups have targeted online booking firms to steal cash from unsuspecting customers and many only...

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Conservatives Promise To Cut Inheritance Tax

The Conservatives have said they will take family homes out of inheritance tax by introducing a new allowance which effectively increases the threshold for tax to £1m. David Cameron said that if his party wins the 7 May election, parents will be offered...

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Tories To Freeze Train Fares For Five Years

Rail fares will be frozen in real terms for five years if the Tories win the General Election, David Cameron has pledged. The Prime Minister said extending the Retail Price Index inflation cap on regulated ticket prices until 2020 would save the average...

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Easyjet 'Rescue' Flights For Kids After Strike

Easyjet is laying on "rescue" flights to bring schoolchildren home after a French air traffic strike saw hundreds of flights axed. The budget carrier is running five special flights: Luton to Paris, Paris to Barcelona, Barcelona to Luton, Gatwick...

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M&S Sourcing Chiefs Set For Lavish Payday

By Mark Kleinman, City Editor Two brothers hired to boost the efficiency of Marks & Spencer's (M&S) clothing business are in line for multimillion pound paydays which could make them the company's best-paid employees over a three-year period....

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HSBC Tax Scandal: France Starts Criminal Probe

HSBC has expressed outrage at being placed on €1bn bail amid a criminal investigation in France into historical tax issues. The UK-listed bank said it was informed on Wednesday that French magistrates were examining the "conduct of its Swiss private...

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Oil Find Near Gatwick May Be 'World Class'

The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels by a company backing exploration of the area. UK Oil & Gas Investments (UKOG) said the Horse Hill-1 well in the Weald Basin was now thought to hold...

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Tories To Freeze Train Fares For Five Years

Rail fares will be frozen in real terms for five years if the Tories win the General Election, David Cameron has pledged. The Prime Minister said extending the Retail Price Index inflation cap on regulated ticket prices until 2020 would save the average...

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Co-op Group Back In Profit As Rebuild Starts

The Co-operative Group is back in annual profit following the near-collapse of its bank and a series of botched mergers and scandals. The chief executive of the UK's largest mutual said it had made "solid progress" in its recovery during 2014 amid...

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Oil Find Near Gatwick May Be 'World Class'

The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels. UK Oil & Gas Investments (UKOG) said the Horse Hill-1 well in the Weald Basin was now thought to hold 158 million barrels per square mile. In May...

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Facebook Sued By 25,000 Users Over Privacy

Facebook is being sued in Austria over alleged privacy violations and claimed participation in the US National Security Agency's (NSA) PRISM programme. An Austrian law graduate called Max Schrems is leading the class action lawsuit on behalf of around...

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Labour Would Abolish 'Non-Dom' Tax Status

By Jason Farrell, Senior Political Correspondent Labour leader Ed Miliband is to say he will abolish "non-domiciled" status if he wins the General Election. "Non-dom" residency allows around 116,000 individuals to exempt their offshore income from...

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BG Group Backs £47bn Shell Takeover Offer

Struggling energy producer BG Group is recommending to shareholders a takeover offer worth £47bn from Royal Dutch Shell. Details of the mega merger - the biggest in the industry for a decade - were released in a statement to the London Stock Exchange...

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Hundreds Of Flights Cancelled By France Strike

Hundreds of flights to and from Britain have been cancelled due to a strike by air traffic controllers in France. No frills airline Ryanair said it had axed more than 250 services while British Airways has warned of significant delays for the...

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The Mobile Battery That Charges In One Minute

Scientists have developed a battery that could allow a mobile phone to be charged and ready for use in one minute. The new aluminium power cell is also much safer than existing lithium technology, can be bent and damaged, and does not catch fire....

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FedEx Delivers €4.4bn TNT Express Takeover

FedEx has announced a €4.4bn (£3.3bn) all-cash takeover of Dutch rival TNT Express in a deal aimed at boosting its presence in Europe. The companies said they had "reached conditional agreement on recommended all-cash public offer of €8 per ordinary...

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UK Bank Scandal Costs Hit £39m - Report

Britain's biggest banks have collectively racked up a £39bn bill as a result of financial scandals over just three years, a report has found. The study by auditors KPMG covered financial results from Royal Bank of Scotland (RBS), Lloyds, Barclays,...

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Challenger Poaches Exec From Bank of England

By Mark Kleinman, City Editor One of a new wave of banks set up to challenge the hegemony of the UK's established high street lenders will announce this week that it has poached a senior executive from the Bank of England. Sky News has learnt that...

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Sluggish US Economy Adds Only 126,000 Jobs

By Sky News US Team A slow US economy added a lower-than-expected 126,000 jobs in March, though the unemployment rate held steady, as predicted, at 5.5%. Friday's jobs reports broke a run of 12 consecutive months in which the economy added more than...

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Tories Accused Of 'Secret Tax Plan' By Labour

The Conservatives have been accused by Labour of favouring the rich after the Chancellor refused to rule out cutting the top rate of income tax in a Sky News interview. George Osborne told the Murnaghan programme his party had "no plans"...

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Pru Boss 'Irritated' By Labour Letter Row

By Mark Kleinman, City Editor A row over company bosses' political affiliations ahead of the General Election deepened on Thursday amid allegations that Labour was trying to undermine the leaders of some of the UK's biggest businesses. Friends of...

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