US Job Stats Drive Market Stimulus 'Frenzy'

Stock markets endured a rollercoaster after the release of US employment figures - a crucial indicator on when the Federal Reserve will ease its economic stimulus. US employers added 169,000 jobs in August and much fewer in July than previously thought,...

12.07 | 0 komentar | Read More

Royal Mail To Pledge City Dividend Bonanza

By Mark Kleinman, City Editor Royal Mail will pledge to pay hundreds of millions of pounds in dividends to City shareholders in an attempt to win private sector support for its £3bn privatisation, Sky News has learnt. The company will make the...

12.07 | 0 komentar | Read More

BoE Holds Interest Rate At Record 0.5% Low

The UK interest rate will remain unchanged in September, the Bank of England has said, but analysts believe signs the economy is improving could see the cost of borrowing rise sooner than previously thought. Bank of England governor Mark Carney had...

12.07 | 0 komentar | Read More

Canadians Swoop On Stake In City Broker Oriel

By Mark Kleinman, City Editor One of Canada's biggest banks is in talks to buy a stake in Oriel Securities, a leading City broking firm, as the consolidation sweeping across the sector gathers pace. Sky News understands that Canadian Imperial Bank...

12.07 | 0 komentar | Read More

Ryanair To Cut Flights Amid Profit Turbulence

Ryanair is to reduce flying schedules this winter after seeing its profit hopes dented by growing headwinds including weaker summer demand. Shares in the no-frills carrier plunged by 14% soon after it issued the profit warning, just a month after chief...

12.06 | 0 komentar | Read More

Ex Co-Op Bank Boss Refuses Blame For Losses

The former boss of the Co-operative Bank and Britannia Building Society has told MPs he foresaw the "disastrous" failure of Co-Op to buy Lloyds branches. Speaking to the Treasury Select Committee, Neville Richardson's evidence highlighted the financial...

12.06 | 0 komentar | Read More

Lloyds Boss Praises Coalition On Economy

The chief executive of Lloyds Banking Group has told Sky News that Government action in support of first-time home buyers is already proving a "game changer for the British economy". The boss of Britain's largest mortgage lender, Antonio Horta-Osorio,...

12.07 | 0 komentar | Read More

Treasury Mulls Plan For £30bn RBS Bad Bank

By By Mark Kleinman, City Editor The Treasury is examining proposals for a 'bad bank' at Royal Bank of Scotland (RBS) that would contain just £30bn of toxic loans, less than one-third of the sum originally envisaged by ministers seeking to bolster...

12.07 | 0 komentar | Read More

Vodafone's $130bn Windfall After Verizon Deal

Vodafone has confirmed it is selling its stake in America's largest mobile phone company in the third largest corporate deal in history. Verizon Communications will buy the British firm's 45% stake in their joint US venture Verizon Wireless for $130bn...

12.07 | 0 komentar | Read More

Young Brits 'Could Miss Digital Jobs Boom'

Up to 750,000 jobs could be created in the next five years to fuel Britain's "burgeoning" digital economy, a report has predicted. Mobile phone giant O2 said the continued growth of the digital sector offers "fantastic opportunities for tech-savvy young...

12.07 | 0 komentar | Read More

Wonga To Waive Dividend Despite Record Profit

By Mark Kleinman, City Editor Wonga, the financial services company which has found itself at the heart of the controversy over the payday lending industry, will on Tuesday announce that it made record profits of more than £1m-a-week last year....

12.07 | 0 komentar | Read More

Lenders To Fork Out £1bn For Iceland Losses

By Poppy Trowbridge, Business and Economics Correspondent British banks, building societies and credit unions have begun making multimillion pound payments to cover the costs of the Icelandic banking crisis. When the banking crisis struck Iceland...

12.07 | 0 komentar | Read More

Wonga To Waive Dividend Despite Record Profit

By Mark Kleinman, City Editor Wonga, the financial services company which has found itself at the heart of the controversy over the payday lending industry, will on Tuesday announce that it made record profits of more than £1m-a-week last year....

12.06 | 0 komentar | Read More

Lenders To Fork Out £1bn For Iceland Losses

By Poppy Trowbridge, Business and Economics Correspondent British banks, building societies and credit unions have begun making multimillion pound payments to cover the costs of the Icelandic banking crisis. When the banking crisis struck Iceland...

12.06 | 0 komentar | Read More