FTSE Hits 7,000 For First Time In History

The FTSE 100 Index has risen to more than 7,000 points for the first time in its history. World markets were cheered by a small recovery in the price of oil as well as signs of a breakthrough in the Greek debt crisis. London's top-flight index was...

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TSB Takeover By Sabadell Moves A Step Closer

TSB is recommending its shareholders accept a Spanish takeover of the bank, with Lloyds confirming it has agreed a price for its remaining stake. The announcements clear the way for a deal, first reported by Sky News last week, which will value TSB at...

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FCA Bosses Face MPs' Ire Over Insurance Probe

By Mark Kleinman, City Editor The heads of the City watchdog will be severely criticised next week by a panel of MPs over its handling of a briefing which wiped billions of pounds from the value of British insurance companies. Sky News has learnt...

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Tesco Shops For Store Ownership In £733m Deal

Tesco and British Land have completed a property exchange deal worth a combined £733m as both companies look to strengthen their core businesses. Britain's biggest retailer, which remains the subject of probes over its £263m profits overstatement scandal...

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Mobile Phone Contracts 'Fail' Users - Report

Citizens Advice is calling for an overhaul of rules governing mobile phone contracts, warning that consumers can be "taken to the cleaners". Its 'Calling The Shots' report found users are facing charges of up to £800 to leave maximum two-year contracts...

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TSB Takeover By Sabadell Moves A Step Closer

TSB is recommending its shareholders accept a Spanish takeover of the bank, with Lloyds confirming it has agreed a price for its remaining stake. The announcements clear the way for a deal, first reported by Sky News last week, which will value TSB at...

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A Small-Scope Budget Of Wi-Fi And Church Roofs

There are two main takeaways from this Budget. The first is that there has been a significant change, since the Autumn Statement in December, in George Osborne's public spending plans should he remain Chancellor for another five years. In the...

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Budget: Biggest Spending Cuts Still To Come

Few Budgets are more political than a pre-election one - but there is still a fair bit of economics underneath the surface. So let's ignore the verbiage and have a look at the story of the Budget told through some of the charts in the documentation...

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Osborne Defends Budget: 'We Must Stay On Track'

George Osborne dismissed fears over spending cuts to public services raised by the Office for Budget Responsibility. Speaking on Sky News, Mr Osborne said the cuts were necessary but did not pinpoint exactly where the axe would fall. He said: "People...

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Budget 2015: What To Expect And What Not To

The Chancellor has said there will be "no giveaways, no gimmicks" so what can we expect to see in today's Budget? :: Income Tax: Personal allowance increase to £11,000. George Osborne has already announced the amount people can earn before tax kicks...

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Budget: Osborne Insists 'The Plan Is Working'

Income tax will be the main focus of what could be George Osborne's final Budget as he plans to raise the personal allowance and scrap annual returns. The Chancellor has insisted there will be "no gimmicks or giveaways" but the Tories hope his speech...

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Budget Bingo: Predicting Osborne's Key Words

What key phrases will Chancellor George Osborne use in his last Budget before the General Election? Sky News' Economics Editor Ed Conway and Political Editor Faisal Islam give their predictions in Budget Bingo. Why not play along by marking...

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Minimum Wage Boost 'To Give Britain A Pay Rise'

By Anushka Asthana, Political Correspondent The minimum wage will rise by 20p to £6.70 an hour this October, benefiting 1.4 million low-paid workers. David Cameron and Nick Clegg have announced the Coalition has accepted the 3% rise recommended by...

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House 'Crisis': Campaigners March On Westminster

By Afua Hirsch, Social Affairs Editor Housing in Britain is in crisis, campaigners say, as thousands are expected to attend a rally in Westminster calling on politicians to take urgent action. The protest, which includes housing associations and...

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Sainsbury's Records Another Fall In Sales

Supermarket giant Sainsbury's has recorded a fall in sales for the fifth quarter running. And the retail chain has warned the market is expected to remain challenging for the "forseeable future". Excluding fuel, Sainsbury's saw like-for-like...

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'Radical Review' To Make Business Rates Fairer

A "radical review" of English business rates has been launched aimed at levelling the playing field between those hit by the annual property tax and online companies. Chief Secretary to the Treasury Danny Alexander pointed out the current system had...

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Bankers To Face 'Annual MOT' Under FCA Rules

By Mark Kleinman, City Editor Lenders will be required to annually certify the fitness of staff to perform their roles under a new framework that will reinforce the City watchdog's new-found status as one of the world's toughest banking supervisors....

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Six Key 'Leaks' Ahead Of Wednesday's Budget

Here are the six main points that have emerged about the likely content of Wednesday's pre-election Budget. 1: Pensions Giveaway Up to five million people will be able to sell their retirement annuities for cash without facing a hefty tax bill, according...

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City Investors Swoop For £1.2bn Car Dealer BCA

By Mark Kleinman, City Editor Britain's biggest secondhand car dealer is gearing up to change hands in a £1.2bn takeover engineered by some of the City's largest investors. Sky News has learnt that British Car Auctions (BCA) is in detailed talks...

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Co-op Bank Taps Funds Over £6bn Optimum Sale

By Mark Kleinman, City Editor The‎ troubled Co-operative Bank has approached some of the world's biggest distressed investment funds about a sale of billions of pounds of British mortgages as part of its revival plan. Sky News‎ has learnt that advisers...

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Budget: Osborne To Extend Pension Freedoms

Chancellor George Osborne is expected to extend pension freedoms to some five million people who have already purchased an annuity. The change - due to be announced in Wednesday's Budget - will remove limits on buying and selling existing annuities....

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