MPs Claim PwC Promoted Corporate Tax Avoidance

MPs have accused the accountancy firm PriceWaterhouseCoopers (PwC) of promoting "tax avoidance on an industrial scale". An investigation by the Commons' Public Accounts Committee (PAC) found the firm's "complex strategies and contrived structures"...

16.01 | 0 komentar | Read More

Twitter Shares Soar As Revenue Almost Doubles

Twitter's share price rose almost 10% after-hours when the social network reported a near doubling in quarterly revenue, despite weaker than anticipated user growth. Its latest results showed Twitter raked in $479.1m (£312.5m) during the final...

16.01 | 0 komentar | Read More

Poundland To Spend £55m On 99p Stores Buyout

Poundland has agreed a £55m takeover of discount rival 99p Stores, subject to clearance by competition authorities. Poundland, which has previously expressed an ambition to double its UK and Ireland network of more than 500 stores, said the deal comprised...

16.01 | 0 komentar | Read More

Eight Headaches For Supermarket Giant Tesco

A decade ago Tesco was an investor's delight, with a share price shooting up more than 70% between 2004 and 2007, and healthy dividend payments. So what went wrong? PROFIT WARNINGS With 14 years as CEO to his credit, Sir Terry Leahy stepped down...

16.01 | 0 komentar | Read More

BT To Buy Mobile Firm EE For £12.5bn

BT has agreed to buy mobile operator EE in a cash and shares deal worth £12.5bn, the company has revealed. The group announced in December it was in talks to buy Britain's largest mobile operator and the deal, which will be partly financed with a...

16.01 | 0 komentar | Read More

Tesco Facing Probe Over Supplier Dealings

An official investigation is to be launched into practices at troubled supermarket giant Tesco, including delays in payments to suppliers. The move was announced by the Groceries Code Adjudicator (GCA), Christine Tacon, who said she had formed...

16.01 | 0 komentar | Read More

New Co-Op Chairman To Donate Pay To Charity

By Mark Kleinman, City Editor The businessman being lined up as the Co-operative Group's first independent chairman is to donate his six-figure pay package to charitable causes linked to the mutual. Sky News has learnt that Allan Leighton is expected...

16.01 | 0 komentar | Read More

Sky Beats Forecasts With Strong UK Growth

The UK's biggest pay-television company underlined continuing growth opportunities in its home market on Wednesday with a strong set of half-year results. Sky plc, the owner of Sky News, said that adjusted operating profit in the six months to December...

16.01 | 0 komentar | Read More

Sony Hack Will Not Derail Profit Turnaround

Sony has said it does not expect the devastating hacking attack against its film arm to affect the company's return to profit. Profit of 20 billion yen (£112m) is forecast for the year ending in March, following a 40 billion yen (£224m) loss the previous...

16.01 | 0 komentar | Read More

BP Full-Year Profit Down 9.7% Amid Crude Slide

Oil giant BP has seen its full-year profit drop by almost 10%, amid a global slide in crude prices. It said the underlying replacement profit for the 12 months ending in December was $12.1bn (£8bn) against $13.4bn (£9bn) in the previous year. The...

16.01 | 0 komentar | Read More

'No Justification' For Energy Prices - Report

The big six energy companies are failing to pass on price cuts in full - costing the average household £145 a year - a new report says. Which? said its research shows a failure to align retail prices with wholesale costs has seen consumers forced...

16.01 | 0 komentar | Read More

Ocado Sees First Profit Since Launch In 2000

Online grocery firm Ocado has reported its first annual pre-tax profit since it was launched in 2000. The company said in the year to November 30 its profit reached £10.1m. The figure was in line with expectations and comes on the back of a £3.8m...

16.01 | 0 komentar | Read More

Greece In New Debt Deal Talks With Osborne

Greece's finance minister is due to meet British counterpart George Osborne, as Athens launches its drive to secure a new debt agreement. Yanis Varoufakis is in London after holding talks in Paris, where he compared Greece to "drug addicts craving...

16.01 | 0 komentar | Read More

Sovereign Funds Dial Up £3bn O2 Mobile Stake

By Mark Kleinman, City Editor A pack of the world's biggest sovereign wealth funds are pursuing a stake in the company that is poised to become the UK's largest mobile phone operator. Sky News has learnt that state-backed investors from China, Singapore...

16.01 | 0 komentar | Read More

Ex-BP Boss Hayward Lures Monaghan To Genel

By Mark Kleinman, City Editor The oil company led by Tony Hayward, the former boss of BP, is poised to announce a shake-up of its executive team four years after it was founded. Sky News has learned that Genel Energy, which is listed on the London...

16.01 | 0 komentar | Read More

US Economic Growth Slows To 2.6% Annual Rate

US economic growth slowed in the final quarter of 2014, but its performance was enviable when compared to new woes for the eurozone and Russia. It was confirmed on Friday that the fastest pace of US consumer spending since 2006 was offset by lower...

16.01 | 0 komentar | Read More

Merkel Rules Out Debt Writedown For Greece

German Chancellor Angela Merkel has ruled out a writedown of Greece's massive debt, as EU officials threatened a funding cut-off to Greek banks. Mrs Merkel and European Central Bank (ECB) policymakers have hardened their stance on the weekend over...

16.01 | 0 komentar | Read More

Sovereign Funds Dial Up £3bn O2 Mobile Stake

By Mark Kleinman, City Editor A pack of the world's biggest sovereign wealth funds are pursuing a stake in the company that is poised to become the UK's largest mobile phone operator. Sky News has learnt that state-backed investors from China, Singapore...

16.01 | 0 komentar | Read More