Canadian Teachers Swoop On Debt Group Lowell

By Mark Kleinman, City Editor A giant Canadian pension fund has swooped to buy a big stake in Lowell Group, one of Britain's biggest consumer debt collection agencies. Sky News understands that Teachers Private Capital (TPC), an investment arm...

12.06 | 0 komentar | Read More

Royal Mail To Change Post Box Collection Time

The collection time at almost 50,000 Royal Mail post boxes will be brought forward to earlier in the day under new plans. Staff delivering letters are expected to make the pick-ups as part of their rounds. Some 47,500 post boxes will see collection...

12.06 | 0 komentar | Read More

GSK Close To Luring RBS's Hampton As Chairman

By Mark Kleinman, City Editor GlaxoSmithKline (GSK), Britain's biggest drugs company, is in advanced talks to recruit Sir Philip Hampton as its next chairman, an appointment that will coincide with his exit from the state-backed Royal Bank of Scotland...

12.06 | 0 komentar | Read More

Russia In EU And US Food And 'Flight Ban'

Russian Prime Minister Dmitry Medvedev has said the country is considering a ban on flights from Europe and the US to Asia. Speaking at a government meeting he said the "serious measure" of blocking Russian airspace was a response to sanctions that...

12.06 | 0 komentar | Read More

Walgreens Confirms Full Takeover of Boots

US pharmacy chain Walgreens has confirmed it is to take full control of Boots. In a deal worth £5.6bn worth of cash and shares, the drugs giant will acquire the remaining 55% of Alliance Boots that it does not already own. But as US markets opened...

12.07 | 0 komentar | Read More

Kellogg Crunches Numbers On £2bn Penguin Deal

By Mark Kleinman, City Editor The American food giant Kellogg is examining a £2bn offer for the owner of McVitie's, Penguin and other famous British biscuit brands. Sky News has learnt that Kellogg has appointed investment bankers at Barclays to...

12.07 | 0 komentar | Read More

Walgreens Shuns Inversion In £5bn Boots Deal

By Mark Kleinman, City Editor One of America's biggest corporate names is poised to bow to intense US political pressure by retaining its headquarters in the US even as it secures a full takeover of Boots, Britain's biggest pharmacy chain. Sky...

12.06 | 0 komentar | Read More

21st Century Fox Drops $76bn Time Warner Bid

Rupert Murdoch's 21st Century Fox has abandoned its attempt to take over rival media giant Time Warner. The move comes three weeks after Time Warner revealed it had rejected an unsolicited $76bn (£45bn) offer from the company. Rupert Murdoch, 21st...

12.06 | 0 komentar | Read More

HSBC Sees Pre-Tax Profit Drop 12% To £7.3bn

HSBC's pre-tax profit dropped by 12% to £7.3bn in the first half of the year. For the same period in 2013, the bank made £8.3bn. It comes as HSBC said it has increased its provision for payment protection insurance (PPI) compensation by £115m. Last...

12.07 | 0 komentar | Read More

Ex-William Hill Chief Backs Scottish Yes Vote

By Mark Kleinman, City Editor The former boss of Britain's biggest bookmaker will declare his support on Tuesday for an independent Scotland, arguing that pro-union campaigners have been guilty of "political posturing" whose arguments lack economic...

12.07 | 0 komentar | Read More

Campaigners Call For 'Staycation' Tax Cut

By Frazer Maude, Sky News Reporter Campaigners fighting for a reduction in VAT for the tourism industry say it could offer the UK economy a £4bn boost. The popularity of domestic holidays, or 'staycations' has been fuelled by the recession. In...

12.07 | 0 komentar | Read More

HSBC Urges Ring-Fencing Delay Amid CMA Probe

By Mark Kleinman, City Editor One of Britain's biggest banks is urging the Government to delay a deadline for separating lenders' retail and investment banking operations amid fears that billions of pounds could be wasted on the project. Sky News...

12.07 | 0 komentar | Read More

Brady And Ex-M&S Boss To Get Tory Peerages

By Mark Kleinman, City Editor David Cameron is to hand peerages to The Apprentice star Karren Brady, the former Marks & Spencer (M&S) boss Sir Stuart Rose and a multimillionaire Conservative donor in a wave of appointments that could revive...

12.06 | 0 komentar | Read More

Campaigners Call For 'Staycation' Tax Cut

By Frazer Maude, Sky News Reporter Campaigners fighting for a reduction in VAT for the tourism industry say it could offer the UK economy a £4bn boost. The popularity of domestic holidays, or 'staycations' has been fuelled by the recession. In...

12.06 | 0 komentar | Read More