House Of Fraser Bought By Chinese Tycoon

A Chinese tycoon has bought British high street chain the House of Fraser, according to sources. Reuters said a 89% stake was bought by Sanpower, a Nanjing-based conglomerate controlled by Yafei Yuan. Sources have told Sky News an announcement is expected...

12.06 | 0 komentar | Read More

Microsoft XP And Office 2003 Security Warning

Britain's data protection watchdog has warned owners of Microsoft's Windows XP and Office 2003 products of future potential security flaws. The warning from the Information Commissioner's Office (ICO) comes as the software giant is set to end official...

12.06 | 0 komentar | Read More

Credit Card Market Faces Regulator Probe

The City regulator is to undertake a review of the UK's £150bn annual credit card market, with concerns including poor controls on soaring consumer debt levels. While there is no pre-determined scope for the review, the Financial Conduct Authority's...

12.06 | 0 komentar | Read More

Lloyds Seeks Approval To Boost Pay Of Top 400

By Mark Kleinman, City Editor Lloyds Banking Group is to seek approval to boost the pay packets of up to 400 of its most senior staff in a move which could stoke political tensions over bankers' remuneration. Sky News has learnt that the taxpayer-backed...

12.06 | 0 komentar | Read More

Ofsted: Poorer Children 'Lose Out' At Nursery

By Adele Robinson, Sky News Correspondent Early years education is often not good enough for many poorer children, according to the head of Ofsted. Sir Michael Wilshaw says the attainment gap between children from disadvantaged backgrounds and...

12.07 | 0 komentar | Read More

Cowdery Nets £200,000 Profit After FCA Fiasco

By Mark Kleinman, City Editor The founder of the closed life insurer Resolution has netted a profit of almost £200,000 on shares he bought after last week's botched launch of a probe into the sector by the City regulator. Sky News can reveal that...

12.07 | 0 komentar | Read More

New Consumer Watchdog CMA Goes On The Prowl

By Poppy Trowbridge, Consumer Affairs Britons now have a new consumer watchdog responsible for ensuring value for money across a wide range of industries. The Competition and Markets Authority (CMA) has become the UK's primary competition and consumer...

12.07 | 0 komentar | Read More

PM: 'Royal Mail Sell-Off Good For Taxpayers'

The Prime Minister has defended the Royal Mail sell-off, claiming it has been good for the taxpayer, despite a report saying the public purse had lost out. David Cameron said the sale had benefited the taxpayer in three ways: it had generated money...

12.07 | 0 komentar | Read More

Shares Up As FCA Clarifies Pension Probe

The City regulator has revealed that it will not individually review millions of pension and saving policies, prompting a share price rise for financial providers. The Financial Conduct Authority (FCA) clarified the position in its 2014-15 business...

12.06 | 0 komentar | Read More

Royal Mail Sell-Off 'Cost Taxpayer Millions'

Taxpayers lost out due to the Government's low valuation of Royal Mail shares during its privatisation, the National Audit Office has found. The public spending watchdog concluded ministers showed "deep caution" when pricing the shares last year. The...

12.06 | 0 komentar | Read More

Under-Fire FCA Seeks Budget Hike From City

By Mark Kleinman, City Editor The City regulator will set out plans for an inflation-busting increase in its budget this week, just days after sparking fury from insurers over the launch of a probe into some industry practices. Sky News has learnt...

12.06 | 0 komentar | Read More

Osborne: 'Biggest Tax Cuts In Two Decades'

Chancellor George Osborne is set to claim that UK workers and businesses will benefit from the biggest tax cuts in a generation. Measures include the rise in the income tax personal allowance to £10,000, which comes into effect on Sunday, along with...

12.06 | 0 komentar | Read More

Wonga Chair Damelin To Quit As FCA Takes Over

By Mark Kleinman, City Editor The co-founder of Wonga, the payday lender, is to step down as its chairman just months after handing over the reins as its chief executive. Sky News has learnt that Errol Damelin is expected to leave Wonga later this...

12.06 | 0 komentar | Read More

Network Rail Admits Punctuality Failures

Network Rail has said it is "disappointed" at not hitting its punctuality targets amid reports the firm is expected to receive a record fine for failing to ensure services run on time. A spokesperson for the operator of Britain's rail infrastructure...

12.06 | 0 komentar | Read More