Singapore Airlines In Virgin Sell-Off Talks

Singapore Airlines (SIA) has confirmed it is in talks to sell its 49% stake in British carrier Virgin Atlantic. The interested parties have not been named, but Reuters has reported that Delta Air Lines had held recent talks to buy SIA's stake. Delta,...

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Grain Prices: Crop Failures Push Food Cost Up

Consumers are expected to be hit by widespread food price hikes because crop failures have forced Britain to import foreign grain, the cost of which is at an all-time high. Experts have warned that wheat and barley prices are set to climb even further...

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Osborne Faces New Lending Headache

By Mark Kleinman, City Editor George Osborne faces a fresh headache over Government efforts to stimulate small business lending amid delays to the launch of part of a flagship scheme announced almost a year ago. I understand that elements of the...

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Executive Pay: UK's Top Bosses 'See 12% Rise'

Executive pay has trebled over the past 10 years, despite the UK's banking crisis and double-dip recession, according to an independent think tank. Over the last financial year, the chief executives of Britain's top companies have seen pay increase...

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Tax: Starbucks, Google And Amazon 'Immoral'

By Darren McCaffrey, Sky News Reporter Starbucks, Google and Amazon have been accused of "immorally" avoiding paying their fair share of tax in the UK, as the Chancellor prepares a blitz on tax dodgers. MPs on the Public Accounts Committee criticised...

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News International Chief Executive Steps Down

News International's chief executive Tom Mockridge is to quit his role at the end of the month, News Corporation has announced. Mr Mockridge, who has been in the position since July last year, is leaving the company to "pursue new opportunities". News...

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Banks Slow To Take Up Government's Cheap Loans

The Bank of England has admitted it is too early to assess the impact of its 'real economy' lending programme, despite a drop in financing costs for banks. The admission comes as the BoE released details of usage and lending data of the Government's...

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Mega Monday To Make Online Sales History

Online retailers in the UK are expecting today to be the busiest shopping day in history. Recent years have seen online shopping figures consistently peaking on the first Monday in December, dubbed Mega Monday. Visa Europe predicted £320m will...

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Exclusive: Guardian Drives Auto Trader Sale

By Mark Kleinman, City Editor The publisher of The Guardian newspaper is in talks to sell its stake in Trader Media Group (TMG), one of Britain's biggest classified car advertising businesses, Sky News can reveal. I understand that Guardian Media...

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KFC And Pizza Hut Expect Sales Slump In China

By Mark Stone, China Correspondent The company which owns Pizza Hut and Kentucky Fried Chicken has warned of an unexpected slump in sales in its biggest market. Yum Brands Inc has projected that sales in its Chinese branches which have been open...

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