British Airways Plane 'Crash' In Johannesburg

A British Airways plane has crashed into a building at Johannesburg Airport in South Africa. The aircraft, carrying 182 passengers, sliced its wing through the building while taxiing on the runway, BA confirmed. Posting on Twitter, the airline said:...

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Weather Damages 'Biggest Xmas Shopping Day'

A predicted high street spending spree dubbed 'Manic Monday' has largely failed to materialise, with strong winds and heavy rain combining to force late-Christmas shoppers indoors. Analysts had expected 15 million people to take to stores, spending...

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Tobacco Boss Quits Helm Of Silk Cut-Maker

By Mark Kleinman, City Editor The executive who orchestrated Japan's biggest-ever takeover of a British company has quit his role at the helm of the manufacturer of Benson & Hedges and Silk Cut. Sky News has learnt that Pierre de Labouchere,...

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Christmas Debts 'Won't Be Cleared Until June'

The average family is going to take on debts this Christmas that will take until June to pay off, it has been claimed. The Trades Union Congress has carried out research that shows that the typical family will add £685 to its borrowing by the time the...

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Christmas Shoppers To Spend £12bn In Four Days

By Emma Birchley, Sky News Reporter Shoppers are expected to spend £12bn in just four days as they make the most of slashed prices and promotions, according to retail forecasters. The deals are being offered as a fierce battle for sales rages both...

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M&S Extends Clothing Sale Amid Poor Trading

By Mark Kleinman, City Editor Marks & Spencer (M&S) is to extend heavy discounting on clothing into a second day on Sunday as it attempts to drive sales during the most crucial period of its trading year. Sky News has learnt that the high...

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Cable Attacks PM Over 'Immigration Panic'

By Darren McCaffrey, Political Reporter Business Secretary Vince Cable has accused the Prime Minister of panicking on the issue of immigration and comparing that panic to the notorious 'Rivers of Blood' speech made by Enoch Powell. Referring to...

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Apple Strikes iPhone Deal With China Mobile

Apple has finally secured a deal to bring the iPhone to China Mobile, the world's biggest network, opening the door to a massive sales boost. The state-owned network has more than 750 million subscribers. The latest iPhone 5S and 5C will go on sale...

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SFO Investigates Rolls-Royce Bribery Claims

The Serious Fraud Office (SFO) has started a formal investigation into bribery and corruption allegations at Rolls-Royce. The claims first came to light a year ago when the SFO ordered the world's second-largest maker of aircraft engines to conduct...

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M&S Says Sorry Over Alcohol Refusal

Marks & Spencer has apologised after a Muslim member of staff refused to sell a customer alcohol. The retailer said that where employees have religious beliefs that restrict what foods or drinks they can handle, it tries to place them in a "suitable...

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Challenger Bank Aldermore Targets 2014 Float

By Mark Kleinman, City Editor The challenger bank Aldermore is targeting a stock market listing within a year as it finalises a multimillion-pound fundraising to accelerate its expansion. Sky News has learnt that two blue-chip funds, Lansdowne...

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RSA Slumps Further Amid Downgrade Rumours

Shares in insurance giant RSA have fallen by a further 2.5% during early trading on Monday, amid rumours of a possible credit rating downgrade. The slump comes after its chief executive Simon Lee quit in wake of the company's Irish crisis, as well as...

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Miliband Threat To Councils On House Building

Communities who refuse to allow thousands of homes to be built on their doorsteps will have their views over-ridden under plans by Labour for more housing. Developers who hoard land would also be told to use it or lose it. Announcing a commission into...

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Inga Beale Becomes Lloyd's First Female CEO

Lloyd's of London, the world's biggest insurance market, has appointed a female boss for the first time in its 325-year history. Inga Beale, who has more than 30 years' experience in the industry, will take up the role in January, replacing the outgoing...

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Carrefour Plans £1.7bn Shopping Malls Deal

Carrefour has announced plans to buy 127 shopping centres across Europe in a €2bn (£1.69bn) deal. France's largest retailer, which already owns nearly 10,000 hypermarkets, supermarkets and convenience shops across the continent, has joined forces with...

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Virgin Money To Launch Current Account Trial

By Mark Kleinman, City Editor The banking arm of Sir Richard Branson's business empire will on Monday become the latest high street lender to begin an assault on Britain's lucrative current account market with the launch of a pilot among its 3000...

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Music Industry Worth £3.5bn To British Economy

The music industry is worth an annual £3.5bn to the British economy - much more than previously thought, a new report has revealed. Figures from UK Music, the trade body for the recorded and live music industry, show how much profit the sector makes...

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Young Entrepreneurs Set Up Shop In Britain

A new wave of young entrepreneurs behind innovative start-up businesses, including one which makes green energy from waste coffee, have arrived in the UK. Under the Government's Sirius scheme, graduates from across the world are given a 12-month support...

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Small Business: More Jobs As Confidence Soars

More than half of Britain's small businesses say they plan to expand in 2014 amid surging confidence in the economy. Some 56% of firms hope to grow moderately or rapidly in the next 12 months, according to the Federation of Small Businesses (FSB). ...

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France: Fears Of New Recession As Output Falls

Manufacturers in France say output has fallen to its lowest level for seven months, renewing fears of another recession in a country described as the "new sick man of Europe". The latest purchasing managers' index (PMI) figures reveal the rate of decline...

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Payday Loans To Be Capped By Government

The cost of payday loans will be capped under new laws by early 2015, the Government has announced. The industry has been criticised over the affordability of the loans and the way they are marketed, with critics claiming the firms take advantage of...

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Clegg: Too Many Mums 'Shoved Aside' At Work

The problem of mothers feeling "shoved aside" in the workplace is "far too common" and also bad for the economy, Deputy Prime Minister Nick Clegg has said. The Liberal Democrats leader said there was a need to dramatically change working practices to...

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Former Co-op Chairman Released On Police Bail

Chancellor George Osborne has announced plans for an independent inquiry into the Co-operative Bank's near collapse, as its former chairman was released by police. The review uses new powers under the Financial Services Act and follows calls from Prime...

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Dreamliner Warning After Plane Engines Ice Up

Boeing has warned airlines to avoid flying some Dreamliner planes near high-level thunderstorms due to a risk of engine icing problems. The warning applies to 15 carriers who have 747-8 and 787 Dreamliners with engines made by General Electric (GE)....

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Bereavement: Workers 'Should Get Paid Leave'

Campaigners are urging the Government to give workers the legal right to paid leave if they have been affected by a family bereavement amid growing public support for the move. Two thirds of people said it was unfair that bereavement leave was unpaid,...

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Student Loan Sale Nets Government £160m

The Government has sold off student loans totalling almost £900m to a private debt collection agency for £160m amid warnings of an impact on every taxpayer. The sale, revealed over the weekend by Sky's City Editor Mark Kleinman, covers loans...

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RBS To Probe Claims It Drove Firms To Collapse

The Royal Bank of Scotland has hired a law firm to investigate allegations the bank deliberately drove small businesses to collapse for its own gain. The claims are contained in a dossier, compiled by government adviser Lawrence Tomlinson, which has...

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Oil Prices Fall On Iran Nuclear Agreement

Oil prices fell and world shares were lifted after Iran's historic deal to curb its nuclear programme in return for an easing of sanctions. The agreement - struck in Geneva over the weekend - helped Brent crude shed over $2 a barrel, its biggest drop...

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Government To Publish 50,000-Page HS2 Bill

The Government is to make its case for the £50bn high speed rail line amid claims it is not giving campaign groups long enough to make their objections to the plans. The Hybrid Bill with its environmental statement – effectively the Government's planning...

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Big Six Energy Firms Face New Profits Storm

The big six energy companies made £23 more in average profit from each UK household on aggregate last year - a rise of 75% on 2011 - and profits are still rising, according to the industry's regulator. Ofgem said the latest average profit for all suppliers...

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Aberdeen Shares Soar On Scottish Widows Deal

Aberdeen Asset Management shares have surged by nearly a sixth after it agreed a deal to buy its rival Scottish Widows Investment Partnership (SWIP) from the taxpayer-backed Lloyds Banking Group. In midday trades Aberdeen shares were up 15% at 491p....

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Tycoon To Bankroll UKIP Election Campaign

One of Britain's wealthiest men has vowed to do "whatever it takes" to bring UKIP European election victory next year in a blow to the Conservative Party. Paul Sykes, a Eurosceptic tycoon who has been estimated to be worth £650m, was formerly a Tory...

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PlayStation 4 Sells A Million On Launch Day

The PlayStation 4 console sold more than a million units on its first day, according to Sony. The new machine went on sale in the US and Canada on Friday, and is being  released in Europe and Latin America on November 29. Andrew House, head of...

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Emirates Airlines In Boeing And Airbus Spree

Emirates Airlines has gone on a 200-plane spending spree, as its home base of Dubai reiterates plans to become the world's biggest aircraft hub. The airline has agreed to buy 150 Boeing 777 mini jumbos and confirmed purchase of 50 Airbus A380 superjumbos....

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Bidders Eye Lloyds-Owned Housebuilder Avant

By Mark Kleinman, City Editor A group of private equity firms are circling a major housebuilding firm owned by Lloyds Banking Group, as investors seek to exploit the benefits of the Government's Help to Buy scheme and the wider availability of mortgage...

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Burton's Biscuits Bought By Canadian Fund

The Ontario Teachers' Pension Plan has agreed to buy the British maker of Wagon Wheels and Jammie Dodgers. Burton's Biscuits is the UK's second-largest biscuits manufacturer, employing 2,000 people around the UK with annual sales of £340m. The deal...

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