Watchdog Urges Faster Energy Tariff Reform

The energy watchdog's proposals for a "simpler and fairer" energy market have drawn a mixed response from consumer groups, as the regulator called on suppliers to adopt them "as quickly as possible". Regulator Ofgem has told suppliers to limit themselves...

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Diesel Drivers 'Get Worse Deal' In Fuel War

The cost of filling up at the pumps has edged up over the last month, with diesel drivers getting a worse deal than those using petrol, according to new figures from the AA. The average price of petrol in the UK has risen from 133.35p a litre in mid-May...

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Oil Boss Stokes Controversy With £9m Pay Deal

By Mark Kleinman, City Editor The boss of a London-listed oil company is poised to reignite a row with leading shareholders by taking a $13.6m (£8.8m) pay and bonus package for last year. Sky News has learnt that a growing band of shareholders...

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Shares Fall As Fed Plans To Slow Bond-Buying

World stock markets have lost more ground after the US Federal Reserve signalled it was moving closer to slowing its bond-buying programme. The Fed offered a more optimistic outlook for the US economy and job market but said it would maintain the pace...

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Federal Reserve Hints At Slowing Bond Purchases

The US Federal Reserve has signalled it is moving closer to slowing its bond-buying programme, which is intended to keep long-term interest rates at record lows. The Fed offered a more optimistic outlook for the US economy and job market, but said it...

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Chancellor Unveils Plan For State-Owned Banks

George Osborne has unveiled Government plans for the future of state-owned banks during his annual speech on the state of the UK economy. During his the speech at Mansion House in London, the Chancellor said the Treasury was considering steps to return...

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Tax Evasion: G8 Leaders Vow Tougher Stance

Q & A: What's The G8 All About? Updated: 8:12pm UK, Tuesday 18 June 2013 The G8 is a group of eight countries which are among the world's richest, plus the European Union. It comprises the UK, the US, France, Germany, Italy, Japan, Canada, Russia...

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Bankers Should Face Jail Terms, Report Says

A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary Commission on Banking Standards...

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Paris Air Show: Airbus Beats Boeing

The world's biggest air show has started with a huge order for the Airbus superjumbo and deals for Boeing's troubled Dreamliner. The two rivals announced a slew of orders at the Paris Air Show, where they traditionally battle for supremacy in the booming...

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Lloyds To Hit Back Over Branch Sale Claims

By Mark Kleinman, City Editor The chairman and chief executive of Lloyds Banking Group will hit back on Tuesday at claims that they succumbed to political pressure to sell a major branch network to the Co-operative. Sky News understands that Lloyds...

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