Greek Clashes: Protesters In Syriza Backlash

Protesters have clashed with riot police in Greece in the first display of anti-government sentiment since the leftist Syriza party took power a month ago. Around 450 people took to the streets of Athens on Friday to demonstrate against the newly...

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Lloyds Resumes Dividend As Profits Quadruple

Lloyds Banking Group is to pay a dividend for the first time since its taxpayer bailout after annual profits quadrupled to £1.76bn in 2014. The taxpayer is set to net £130m from the payment, which equates to 0.75p-per-share or £535m in total. It...

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BA-Owner's Shares Soar On Profit Take-Off

The owner of British Airways, International Consolidated Airlines Group (IAG), has confirmed a 265% rise in annual profits to £601m. The company, which is currently aiming to bring Irish carrier Aer Lingus into its stable, said Spain's Iberia...

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RBS £4bn Writedown Keeps It Loss-Making

A £4bn writedown on its US business meant Royal Bank of Scotland (RBS) remained in the red in 2014, with the bank confirming a £3.5bn loss. The annual loss marked the seventh consecutive year the part-nationalised bank has failed to achieve profitability however...

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StanChart To Name Winters As Next Chief

By Mark Kleinman, City Editor The struggling emerging markets lender Standard Chartered is appointing a former architect of British banking reform as its new chief executive. Sky News has learnt that Bill Winters, who was a member of the Independent...

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'White Hat' Hackers Share $1.3m Facebook Bounty

Hundreds of 'white hat' hackers shared a bounty of $1.3m (£840,000) in 2014 for spotting and reporting Facebook's security flaws. The bug bounty programme was started in 2011 to encourage hackers to report security problems for cash. Hackers who...

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Huge Fines To Tackle 'Menace' Of Cold Callers

Companies to blame for nuisance calls and texts can be fined up to £500,000 under tough new regulations that come into force soon. Changes to the current law, which has been described as "a licence for spammers and scammers", will make it easier to...

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AO World Shares Plunge 46% On Profit Warning

Online white good retailer AO World has seen its share price drop by almost 50%, wiping £500m from its market value. The plunge occurred after it released a statement lowering its financial forecast for the full-year ending March 31. The company's...

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Morrisons Appoints New Boss To Lead Fightback

Supermarket chain Morrisons has announced the appointment of an ex-Tesco staff member as its new chief executive. In a statement to the London Stock Exchange, Britain's fourth biggest grocer said David Potts would be the new CEO. He replaces Dalton...

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UK Oil Industry Suffers Worst Year Since '70s

The UK's offshore oil and gas industry needs Government support if its future is to be secured following its most costly year since the 1970s, a report says. The study, conducted by the industry pressure group Oil & Gas UK, was said to have found...

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Payday Loans Face Online Shake-Up - Regulator

A regulator has published new rules for payday loan firms in a bid to boost price competition and help borrowers shop around. In its final report on the controversial industry, following a 20-month investigation, the Competition and Markets Authority...

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Greek Economic Reforms 'Valid Starting Point'

Hopes have been raised that Greece will secure its four-month bailout extension, with a European Commission source welcoming its planned economic reforms. The list of measures, which has to be agreed by its creditors, was submitted just ahead of a...

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HSBC Boss Gulliver In £5m Swiss Account Claims

Stuart Gulliver, HSBC's chief executive, reportedly kept millions of his own money sheltered in the bank's private Swiss offshoot. The Guardian says Mr Gulliver - due to announce the bank's full-year results this morning - kept $7.6m (£4.93m)...

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UK Banks Slash Ranks Of Millionaire Pay Deals

By Mark Kleinman, City Editor The UK's biggest banks slashed the number of employees earning at least £1m last year in a move they will argue demonstrates that they are heeding calls for greater pay restraint. Sky News understands that Barclays,...

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HSBC Annual Profits Fall 17% To £12.14bn

HSBC, the global bank currently at the centre of a tax scandal, has blamed a 17% fall in annual profits on the cost of past mistakes. The London-listed group said reported profit before tax fell to $18.68bn (£12.14bn) in 2014 and it reflected "lower...

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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...

16.02 | 0 komentar | Read More

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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Greece Agreement 'Old Deal In New Clothing'

The clue came right at the start of Yanis Varoufakis' press conference. Up until last night's bailout extension deal, the Greek finance minister spent most of his international media appearances addressing an international audience - speaking fluent,...

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