MP's Fury Over Delay To HBOS Crisis Report

By Mark Kleinman, City Editor A member of the influential Treasury Select Committee criticised City regulators on Friday amid signs of a further delay to the completion of an inquiry into the near-collapse of HBOS in 2008. Speaking to Sky News, Mark...

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Final Whistle For West Ham Shirt Sponsor

Foreign exchange broker Alpari UK has entered insolvency following market turmoil over Switzerland's shock decision to unpeg its currency from the euro. Within minutes of the early morning announcement on Thursday, the currency spiked around a third...

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Npower Fuels Debate Over Energy Price Cuts

By Mark Kleinman, City Editor Npower, one of the UK's biggest energy suppliers, has stoked the political row over utility pricing, blaming the Government for favouring smaller peers and "political factors" for influencing commercial decision-making....

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Mobile Owners 'Overpay By £5.4bn Annually'

UK mobile phone customers are collectively overpaying £5.4bn to mobile phone firms annually because they are on the wrong contract for their requirements, it has been claimed. The consumer group Which? said firms must improve contract pricing transparency...

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BP Gulf Spill Fine Estimate Cut By Billions

BP is to face a maximum fine of $13.7bn (£9bn) under a US law after the Gulf of Mexico oil spill in 2010 was ruled smaller than the country's government had claimed. The reduced bill, which was approximately $4bn less than the UK firm had been...

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Amazon Tax Deal May Break State Aid Rules

Amazon's tax deal with Luxembourg may breach state aid rules, according to the findings of a preliminary investigation by the EU. The inquiry was launched in October amid accusations the arrangement with the online retailer in 2003 allowed it to channel...

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BP Due To Cut North Sea Jobs As Oil Costs Dive

BP is expected to tell its 3,500 North Sea oil staff today that some are to lose their jobs as its looks to save costs amid the plunging cost of oil. Sky sources say 300 jobs are involved. BP is due to brief workers in Aberdeen today on its plans,...

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Caesars Casino Firm Moves To Cut $18bn Debts

A subsidiary of US casino firm Caesars has filed for bankruptcy protection with debts of $18.4bn (£12.1bn). Caesars Entertainment Operating Company, which owns and operates most of Caesars' properties worldwide, said it intended to keep the casino-hotels...

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Minimum Wage: Firms 'Named And Shamed'

The Government has "named and shamed" 37 employers, including high street fashion brand H&M and Welcome Break, accusing them of failing to pay the national minimum wage. It claimed the companies collectively owed £177,000 to their workers in arrears...

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Why Record Inflation Fall Is Not All Good News

How low is too low? That's the question economists are asking today after the Consumer Price Index (CPI) inflation rate dropped from 1% to 0.5%. It's the lowest official inflation number for a decade-and-a-half, and the first time it has halved in...

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Osborne: No Need To Fear Low Inflation Rate

Britain should celebrate the low inflation rate and not be frightened by it, Chancellor George Osborne is to insist. He will say the slump in the headline rate to just 0.5% is due to external factors - and the benefits for consumers should be welcomed....

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Global Economy 'Running On One Engine'

The World Bank has cut its growth forecast for 2015 and next year, declaring that the world's economy is "running on a single engine." Its twice-yearly Global Economic Prospects report said that weakness in the eurozone, Japan and in some major...

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Energy Bills: E.ON Cuts Gas Prices By 3.5%

E.ON, one of the so-called 'Big Six' energy firms, has confirmed it is to reduce its standard gas charge by 3.5% with immediate effect. The company said the decision, coupled with a new one-year fixed dual fuel product it was also launching, represented...

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Debenhams Shares Take 9% Hit On Trading Woes

Investors headed for the exit door after Debenhams reported a fall in first quarter sales, despite an improved Christmas performance. The country's second-largest department store chain said UK like-for-like sales fell 0.8% in the 19 weeks...

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Morrisons Boss Quits After Festive Sales Fall

By Mark Kleinman, City Editor The chief executive of Wm Morrison is to step down after a slump in Christmas sales led the grocer's board to conclude that a new leader was required to transform its fortunes. Confirming an exclusive report on Sky News,...

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