OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

12.07 | 0 komentar | Read More

Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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Petrol Prices At The Pumps Set To Soar

Petrol pump prices could soar 5p a litre - burning a hole in the pockets of holiday motorists, the AA has warned. A surge in the wholesale cost of petrol across Europe has already led to a rise in UK petrol and diesel prices, with more misery possibly...

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Detroit's Downfall: City Files For Bankruptcy

Detroit, once the hub for America's car industry, has become the biggest city in US history to file for bankruptcy with debts of an estimated $18.5bn. The federal bankruptcy court filing, which has been feared for months, puts the city on an uncertain...

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Jobless Figure Falls At Fastest Rate In Years

The number of people unemployed fell by 57,000 in the three months to the end of May, official figures have revealed. The total jobless count sat at 2.51 million in the quarter, according to the Office for National Statistics (ONS). Meanwhile, the...

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GSK Boss Witty To Quit His Whitehall Role

By Mark Kleinman, City Editor Sir Andrew Witty, the chief executive of GlaxoSmithKline (GSK), is to step down later this year from a key Whitehall post that has seen him become one of the coalition's most influential business advisors. Sky News...

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Swinton Insurance Fined £7m Over Mis-Selling

High street insurance group Swinton has been fined more than £7m over mis-selling products to consumers. The Financial Conduct Authority (FCA) said Swinton's aggressive sales strategy meant that it failed to treat customers fairly in its telephone sales...

12.06 | 0 komentar | Read More

Co-Op Bank Toughs Out Customer Withdrawals

By Mark Kleinman, City Editor Depositors with the Co-Operative's struggling banking arm have withdrawn hundreds of millions of pounds since the scale of its problems began to emerge in the spring, Sky News understands. Corporate and retail customers...

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GSK Admits China Corruption Claims 'Shameful'

By Mark Stone, Asia Correspondent Chinese police have released further details of what they claim is a massive programme of bribery by GlaxoSmithKline (GSK) in China. According to a police official in Beijing, the British drugs manufacturer has...

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New London Airport Shortlist Revealed

By Enda Brady, Sky News Correspondent Boris Johnson has unveiled a shortlist of three locations on which a new London airport will be built. He put forward his outer Thames Estuary, artificial island plan - dubbed "Boris Island" - for a new four-runway...

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Warm Weather Gives High Street A Boost

Glorious Sun: Heatwave Here To Stay Updated: 11:13pm UK, Sunday 14 July 2013 Parts of the UK remain on heatwave alert, as the hot weather shows no sign of letting up. Following the hottest day of the year on Saturday, Sunday was another scorcher with...

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Investors Threaten Vote Against Oil Chairman

By Mark Kleinman, City Editor Disgruntled shareholders in a London-listed oil company are threatening to kick out its new chairman less than two weeks after his appointment. Sky News has learnt that a group of investors are considering voting against...

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Twitter Takes On Tax Expert To Avoid Woes

By Pete Norman, Sky News Online Twitter is bolstering its international operations ahead of an expected flotation by employing its first full-time tax manager to ensure complex company structures comply with laws across Europe. Based in its international...

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Warm Weather Gives High Street A Boost

By Emma Birchley, East of England Correspondent The feelgood factor from some warmer weather has helped boost retail figures for June, by getting more people out spending. Like-for-like sales rose by 1.4% last month compared to 2012, according...

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