Glastonbury Tickets Sell Out In Record Time

Glastonbury ticket sales have sold out in a record time of one hour and 27 minutes. Organisers Emily and Michael Eavis said they were "blown away" by the response. In a statement, they said: "We're sorry that many of you missed out on a ticket. "We...

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Crunch Time In £350m Wagon Wheels Auction

By Mark Kleinman, City Editor More than half a dozen bidders have tabled offers for the owner of Wagon Wheels, the UK's second-biggest biscuits manufacturer. Sky News understands that a field of predominantly financial investors submitted initial...

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Cigarette Pack Warnings 'Have Little Impact'

A charity is calling on the Government to introduce standardised cigarette packs in the UK after a new survey suggested they are more likely to put teenagers off smoking than current front-of-pack health warnings. Teenagers from Australia  - where...

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JAL Picks Airbus A350 Over Boeing Dreamliner

Japan Airlines has signed its first-ever purchase from Airbus, in a blow to Boeing as the Dreamliner saga continues to affect the American firm. JAL announced a decision to buy 31 A350 planes, with a catalogue value of £5.9bn. The deal signed in Tokyo...

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Help To Buy: Doubts Over Success Of Scheme

By Poppy Trowbridge, Business and Economics Correspondent The second phase of the government mortgage guarantee scheme Help to Buy launches today, three months earlier than expected - but experts are sceptical the initiative will help buyers. Lack...

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Royal Mail Sale: Fears For Small Investors

Fears have been raised over small-time investors buying shares in Royal Mail, as big City firms are set to buy the majority of those on offer. Hedge funds and City fund managers are allowed 70% of the shares being offered in the majority sell-off of...

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China Urges The US To Act Over Shutdown

China has urged the United States to take decisive steps to avoid a debt crisis and ensure the safety of Asia's investments. The demand comes as a deadlocked US Congress approached a looming deadline to increase the nation's borrowing power or risk...

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Tesco Hunts Sales In Premium Brand Relaunch

Supermarket giant Tesco has relaunched its premium food brand for the first time in 15 years, as it tries to stem a slump in profit. The new lines have been released just days after it revealed a 23.5% pre-tax profit plunge in its half-year result....

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Government Presses Mail Board To Waive Shares

By Mark Kleinman, City Editor The directors of Royal Mail have declined the offer of free shares to employees after coming under pressure from Government officials, Sky News understands. Non-executive board members of the company, which will be...

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Power Blackout Risk 'At Its Highest Since 2008'

The electricity and gas network operator for England and Wales is keeping a "close watching brief" on supplies as the risk of blackouts was predicted to be at its highest since 2008. Traditional North Sea gas sources are replaced by "uncertain" imports...

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