Cyprus Bailout Deal Is Hit By New Fears

Cyprus' central bank governor has warned he will only work with ministers on the country's EU bailout if the bank's independence is respected. The comments from governor Panicos Demetriades come following a rift in Nicosia between the bank and political...

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Little Chef Restaurant Chain Put Up For Sale

By Tadhg Enright, Business Correspondent Roadside restaurant chain 'Little Chef' has been put up for sale - six years after it was rescued from administration. Business turnaround specialists RCapital, which took control of Little Chef in 2007,...

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USwitch Plots Deal With Taxpayer-Backed LDC

By Mark Kleinman, City Editor A private equity group backed by UK taxpayers is in talks to acquire a stake in the price comparison website USwitch.com. I understand that LDC, which is owned by Lloyds Banking Group, is in advanced negotiations about...

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Benefits Cap Rollout Begins Amid Welfare Row

A Government trial to impose a limit on the amount of benefits a household can receive is beginning to be rolled out. Couples and single parents in the London boroughs of Croydon, Bromley, Haringey and Enfield will now be able to claim no more than...

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Gold Sell-Off Amid Fears Over Chinese Growth

Gold has sunk to its weakest level in two years as investors continue to sell off commodities, worried that disappointing Chinese data signalled a setback for the global economy. Other key commodities, including oil, copper and tin, have hit multi-month...

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New Round Of Fuel Price Cuts Revealed

Petrol: The Pump Price Conundrum Updated: 10:35pm UK, Wednesday 30 January 2013 By Ursula Errington, Business Correspondent So, the OFT says motorists aren't being ripped off, that the price of petrol on our forecourts is fair and isn't the result...

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Minimum Wage To Be Increased This Year

The adult national minimum wage is to increase by 12p an hour from October, the Government has announced. The rate for 18 to 20-year-olds will rise by 5p to £5.03, and by 4p to £3.72 for 16 and 17-year-olds. Ministers said they had rejected a recommendation...

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Tesco Investors Urge Clawback Over US Failure

By Mark Kleinman, City Editor Leading shareholders in Tesco are demanding changes to the company's boardroom pay practices as it prepares to terminate its loss-making American misadventure. Some of the retailer's biggest investors are keen for...

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Betfair Shares Jump 14% On Takeover Talks

Betfair has seen its share price shoot up 14% after takeover talks were confirmed by the investment firm behind Formula One. The price later eased slightly but remained above 12% as the session progressed. The news comes two days after Sky's City Editor...

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JCB Digs Big Profit In Africa And Middle East

Digger manufacturer JCB has defied a slump in the global construction market to record the highest-ever profit in its 67-year history. The family-owned company saw its 2012 earnings rise to £365m on a turnover which remained virtually unchanged from...

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