UK Bank Bosses Land £3m In Annual Bonuses

By Mark Kleinman, City Editor The chief executives of Britain's biggest high street banks will be handed more than £3m in annual bonuses for 2014 but will see their payouts curbed after another year in which their employers faced heavy regulatory fines....

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New Look Fashions Plans For £2bn Flotation

By Mark Kleinman, City Editor The high street fashion retailer New Look has recruited bankers to work on a stock market listing that could value it at as much as £2bn. Sky News has learnt that the company this week appointed JP Morgan, the Wall Street...

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Eurozone Agrees To Extend Greek Bailout

Eurozone finance ministers have agreed to extend Greece's rescue loans - although not by as long as the government wanted. The deal, which will enable Athens to continue paying its bills, was reached at talks in Brussels which were delayed for...

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Childcare Costs Can Mean 'It Doesn't Pay To Work'

By Becky Johnson, North of England Correspondent The cost of childcare is rising so quickly that for many families "it simply does not pay to work", a report has concluded. The price of a part-time nursery place for a child under two has gone up...

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ECB Extends Funding For Greek Banks - Reports

The European Central Bank has decided to increase its emergency funding to Greek banks, it has been reported. "The increase has been approved," a bank source, who declined to be identified, told the AFP agency. The source added the ceiling for emergency...

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British Gas Blames Warmth For 23% Profit Fall

The company that owns British Gas has blamed warm weather for a 23% slump in profits at its residential supply business. Centrica reported earnings of £439m during 2014 at the division, which supplies gas and electricity to homes - down...

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Rolls-Royce To Develop Sports Utility Vehicle

The luxury carmaker Rolls-Royce has announced it will develop its first sports utility vehicle (SUV) designed to "cross any terrain". The announcement was made via an open letter from Rolls-Royce chairman Peter Schwarzenbauer. The company has revealed...

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Tesco Appoints New Chairman 'At Critical Moment'

Troubled supermarket Tesco has appointed John Allan as its new chairman, replacing Sir Richard Broadbent. Mr Allan, who takes up his role on 1 March, is currently on the boards of electrical retailer Dixons Carphone and Royal Mail but will step down...

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Energy: Big Six Profit From Switching Failure

A competition inquiry into the energy market has found suppliers routinely charging loyal customers up to £234 more per year. The Competition and Markets Authority's (CMA) update on its continuing probe into the sector also contained criticism of...

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Is Greece Edging Closer To Euro Exit?

No-one expected the Eurogroup summit to end all the differences between Greece and the eurozone countries behind its bailout. But, equally, no-one really expected it to end in the kind of acrimony we saw earlier in Brussels. In the event, what we...

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London Population Growth Drives Homebuyers Out

By Jonathan Samuels, Sky News Correspondent London's population is set to reach a record high of 8.6 million people, with housing expected to be a major General Election issue. With limited space and prices that have gone through the roof, one survey...

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Greece Facing 'Disaster' As Talks Break Down

Greece has been warned of an impending "disaster" after crisis talks between the country's finance minister and Eurozone counterparts broke up without agreement in Brussels. The country rejected a draft proposal put forward by European finance ministers...

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Ex-HSBC Boss Lord Green To Quit Industry Body

Lord Green is to step down from a financial services industry body amid claims HSBC enabled tax avoidance while he was in charge. A former trade minister in the coalition government, the peer will step down as chairman of TheCityUK's Advisory Council...

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HSBC Issues Apology Over Banking Standards

HSBC has taken out adverts in national newspapers offering "sincerest apologies" over past activities at its Swiss operations. In the open letter to its customers, shareholders and colleagues, HSBC's group chief executive Stuart Gulliver described...

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Rival Firm Snaps Up Zolfo Cooper In £60m Deal

By By Mark Kleinman, City Editor The consolidation of London's professional services industry will accelerate this week when a division of Zolfo Cooper, an adviser on corporate restructurings, is snapped up in a deal worth just under $100m (£65m). ...

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ITV's Norman Courted Over Tesco Chairmanship

By Mark Kleinman, City Editor Tesco has approached the former Conservative MP Archie Norman about becoming its chairman as the UK's biggest retailer nears a decision on a crucial component of its revival plan. Sky News has learnt that Tesco has been...

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Ex-HSBC Boss Lord Green To Quit Industry Body

Lord Green is to step down from a financial services industry body amid claims HSBC enabled tax avoidance while he was in charge. A former trade minister in the coalition government, the peer will step down as chairman of TheCityUK's Advisory Council...

16.01 | 0 komentar | Read More

HSBC Issues Apology Over Banking Standards

HSBC has taken out full-page adverts in several national newspapers offering "sincerest apologies" for the standards in place at its Swiss operations eight years ago. In the open letter to its customers, shareholders and colleagues, the bank's group...

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