New Look Fashions Plans For £2bn Flotation

By Mark Kleinman, City Editor The high street fashion retailer New Look has recruited bankers to work on a stock market listing that could value it at as much as £2bn. Sky News has learnt that the company this week appointed JP Morgan, the Wall Street...

12.07 | 0 komentar | Read More

Eurozone Agrees To Extend Greek Bailout

Eurozone finance ministers have agreed to extend Greece's rescue loans - although not by as long as the government wanted. The deal, which will enable Athens to continue paying its bills, was reached at talks in Brussels which were delayed for...

12.07 | 0 komentar | Read More

Three UK Banks To Award £2.5bn-Plus Bonus Pot

By Mark Kleinman, City Editor Three of Britain's biggest banks are finalising plans to pay out a combined bonus pot worth more than £2.5bn just weeks before the General Election campaign gets underway. Sky News has learned that Barclays and two taxpayer-backed...

12.06 | 0 komentar | Read More

Tough Talks On Greek Debt As D-Day Looms

By Ed Conway, Economics Editor These could well prove the most important few days in the euro's existence. In the corridors and meeting rooms of the Justus Lipsus building in Brussels, Greece and its euro counterparts have been charged with discussing...

12.06 | 0 komentar | Read More

ECB Extends Funding For Greek Banks - Reports

The European Central Bank has decided to increase its emergency funding to Greek commercial banks, it has been reported. "The increase has been approved," a bank source, who declined to be identified, told the AFP agency. The source added the ceiling...

12.06 | 0 komentar | Read More

Childcare Costs Can Mean 'It Doesn't Pay To Work'

By Becky Johnson, North of England Correspondent The cost of childcare is rising so quickly that for many families "it simply does not pay to work", a report has concluded. The price of a part-time nursery place for a child under two has gone up...

12.06 | 0 komentar | Read More

Energy Regulator Faces Blow From CMA Report

By Mark Kleinman, City Editor Britain's energy sector may be beset by excessive regulation which acts as a barrier to new market entrants, competition watchdogs will say later. Sky News has learnt that the Competition and Markets Authority (CMA)...

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Rolls-Royce To Develop Sports Utility Vehicle

The luxury carmaker Rolls-Royce has announced it will develop its first sports utility vehicle (SUV) designed to "cross any terrain". The announcement was made via an open letter from Rolls-Royce chairman Peter Schwarzenbauer. The company has revealed...

12.06 | 0 komentar | Read More

Is Greece Edging Closer To Euro Exit?

No-one expected the Eurogroup summit to end all the differences between Greece and the eurozone countries behind its bailout. But, equally, no-one really expected it to end in the kind of acrimony we saw earlier in Brussels. In the event, what we...

12.06 | 0 komentar | Read More

Greece Facing 'Disaster' As Talks Break Down

Greece has been warned of an impending "disaster" after crisis talks between the country's finance minister and Eurozone counterparts broke up without agreement in Brussels. The country rejected a draft proposal put forward by European finance ministers...

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HSBC Issues Apology Over Banking Standards

HSBC has taken out adverts in national newspapers offering "sincerest apologies" over past activities at its Swiss operations. In the open letter to its customers, shareholders and colleagues, HSBC's group chief executive Stuart Gulliver described...

12.06 | 0 komentar | Read More

Rival Firm Snaps Up Zolfo Cooper In £60m Deal

By By Mark Kleinman, City Editor The consolidation of London's professional services industry will accelerate this week when a division of Zolfo Cooper, an adviser on corporate restructurings, is snapped up in a deal worth just under $100m (£65m). ...

12.06 | 0 komentar | Read More

HSBC Chief: 'Swiss Bank Claims Are Painful'

By Mark Kleinman, City Editor Revelations about tax-dodging activities facilitated by the private wealth arm of HSBC have been painful and frustrating, the bank's chief executive told staff on Friday as he conceded that it had failed to meet the standards...

12.07 | 0 komentar | Read More

Ex-HSBC Boss Lord Green To Quit Industry Body

Lord Green is to step down from a financial services industry body amid claims HSBC enabled tax avoidance while he was in charge. A former trade minister in the coalition government, the peer will step down as chairman of TheCityUK's Advisory Council...

12.07 | 0 komentar | Read More