FCA Probes Millions Of 'Bad Deal' Investments

The City watchdog is to scrutinise millions of finance products sold to consumers over three decades, because of fears they are shackled by unfair terms and conditions. It is estimated around 30 million policies, including pensions, endowments, life...

12.06 | 0 komentar | Read More

Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. : Monday March 31 From Monday, energy suppliers are required to publish the price at which they will buy and sell on wholesale markets up to two years in advance...

12.06 | 0 komentar | Read More

Millions More British Homes 'In Fuel Poverty'

The number of British households living in fuel poverty has almost doubled in three years, according to a new report. The UK Fuel Poverty Monitor said about 4.5 million homes now have above average fuel bills, the cost of meeting which would put them...

12.06 | 0 komentar | Read More

F1 Investors Drive Off With £200m Dividend

By Mark Kleinman, City Editor Shareholders in Formula One motor racing are in line for a £200m windfall just weeks before Bernie Ecclestone stands trial in a case which could spell the end of his reign at the sport's helm. Sky News has learnt that...

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Candy Crush Firm Slumps In Market Debut

The British creator of the popular mobile game Candy Crush Saga has been given the cold shoulder in its public trading debut on Wall Street. The stock price for King Digital Entertainment plc dropped 15.6% on its first day of trading, ending the session...

12.07 | 0 komentar | Read More

Big Six Could Be Broken Up By Watchdog

The big six power companies face being broken up by the competition watchdog, as the energy regulator is expected to refer them for a full-scale review. When Ofgem publishes its "state of the market" report today, it is likely to announce plans to call...

12.07 | 0 komentar | Read More

Lloyds Bank Shares Worth £4.2bn To Be Sold

Taxpayers are to be left with a 25% stake in Lloyds Banking Group as the Government announces plans to sell £4.2bn in shares. The taxpayer currently owns 33% of Lloyds but the Treasury is continuing with plans to fully return the lender to the private...

12.06 | 0 komentar | Read More

Facebook In $2bn Oculus Virtual Reality Deal

Facebook has announced it is to splash out $2bn on buying Oculus, a virtual reality company. The deal includes $400m in cash and some 20 million shares worth about $1.6bn. A statement released by Facebook chief Mark Zuckerberg said Oculus's technology...

12.06 | 0 komentar | Read More

Supermarket And Restaurant Bills Set To Soar

By Poppy Trowbridge, Consumer Affairs Correspondent Grocery and restaurant bills are set to rise as food inflation hits 3.8% before the end of the year, according to new research. That figure, from food service specialist Prestige Purchasing, means...

12.07 | 0 komentar | Read More

Co-op Bank Discovers New £400m Shortfall

The struggling Co-operative Bank has discovered a new £400m capital shortfall - in addition to its previous £1.5bn funding gap. It now expects to report a full-year pre-tax loss next month of some £1.25bn. The bank added that job cuts hit the 1,000...

12.07 | 0 komentar | Read More

Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

12.06 | 0 komentar | Read More

Cable Turns Screw Over Royal Mail Chief's Pay

By Mark Kleinman, City Editor Vince Cable is demanding that the board of Royal Mail limits a pay rise for its chief executive to the same level awarded to the rest of the newly privatised company's workforce. Sky News can reveal that the Business...

12.06 | 0 komentar | Read More

Leahy Firm Leads Race For £1bn Dubai Group

By Mark Kleinman, City Editor, in Dubai The private equity firm which employs Sir Terry Leahy, the former boss of Tesco, is leading the race to buy a German industrial group which has key operations in northern England. Sky News understands that...

12.06 | 0 komentar | Read More

Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

12.06 | 0 komentar | Read More