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City Bonuses 'To Rise 21%' Despite Cap Rules

Written By Unknown on Senin, 22 Desember 2014 | 23.34

Bonuses for senior City workers are tipped to rise by 21% in 2015, despite the latest regulatory crackdown in the wake of the financial crisis. The report by recruitment firm Astbury Marsden found that top staff could expect average awards...
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Rouble Crisis Sparks Russia Bank Bailout

Russia's central bank has announced a bailout of the troubled Trust Bank - the first such rescue in the country's currency crisis. The Bank of Russia said it had placed Trust under its supervision and would hand it 30bn roubles (£341m) to avoid bankruptcy....
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UK Election Delays Top Energy Appointment

By Mark Kleinman, City Editor The energy industry's leading trade association is to wait until after the General Election before appointing a new chief executive amid intense political scrutiny of the sector. Sky News understands that Energy UK,...
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Push To Get More Women Into The Cockpit

By Charlotte Lomas, Sky News Reporter More than four decades after the first British female pilot took to the skies in a commercial airliner, there are still few women choosing flying as a career. But why are there so few female pilots? Of the 3,500...
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North Korea: We Can Prove Hacking Wasn't Us

North Korea: We Can Prove Hacking Wasn't Us We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Doubts Raised Over Hacking Claims" Video: Doubts Raised Over Hacking Claims...
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ITE Exhibits Move From Sanctions-Hit Russia

By Mark Kleinman, City Editor A London-listed exhibitions firm will this week announce a £20m takeover that will reduce its reliance on Russia amid the country's currency crisis and the ongoing impact of international sanctions. Sky News has learnt...
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B&Q China Stake Sale Nets Owner £140m

The owner of B&Q has sold a controlling stake in its loss-making China operation for £140m. Kingfisher, which owns the DIY chain, said it planned to use the cash to invest in its core European market which includes the B&Q and Screwfix brands...
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Tesco Crisis: Accounting Probe Launched

By Mark Kleinman, City Editor The accounting watchdog is to scrutinise the former finance director of Tesco during a probe into the financial statements of Britain's biggest retailer. Sky News understands that Laurie McIlwee, who left Tesco in April...
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OPEC's Dominance Of Energy Market 'Is Over'

By Ed Conway, Economics Editor The era of OPEC domination over the global energy market is over, the former head of the oil cartel has told Sky News. Abdullah bin Hamad al-Attiyah, the former energy minister of Qatar, said that the group of 12 oil...
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Rate-Riggers Face Seven Year Jail Terms

The Chancellor has confirmed that traders who rig foreign exchange (forex) and other key markets will face jail terms of up to seven years. George Osborne said new rules to criminalise such activities would be in place by April under the Government's...
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Tax Helplines Cut Off Almost A Third Of Calls

Written By Unknown on Senin, 15 Desember 2014 | 23.33

Tax bosses have promised the service offered by public helplines will be improved, after it was revealed that almost a third of calls are getting cut off. Research by consumer group Which? found that, in a sample of 100 calls, only 71 were not cut...
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Yodel Suspends Collections Hitting Deliveries

Yodel Suspends Collections Hitting Deliveries We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Yodel Suspends Collections" Video: Yodel Suspends Collections ...
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David Cameron To Launch Home Discount Scheme

A scheme offering 100,000 first-time buyers new homes with a discount of 20% as part of a drive to help people onto the property ladder will be launched by David Cameron later. Those under 40 who have never owned their own home can register their...
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Growing Business: Demand Soars For UK Xmas Trees

By Nick Ravenscroft, Sky News Reporter Families in Britain are increasingly buying Christmas trees that were grown in the UK rather than ones that have been imported, according to UK suppliers. The British Christmas Tree Growers' Association (BCTGA)...
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Japan's Prime Minister Shinzo Abe Re-Elected

Japanese Prime Minister Shinzo Abe has been re-elected with a two-thirds majority in a snap ballot. The vote had been portrayed by Mr Abe as a referendum on his plans to revive the world's third-biggest economy. The Japanese leader may use his victory...
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Glitch Causes Items To Be Sold On Amazon For 1p

Businesses are furious after a piece of software used by retailers on Amazon went wrong, causing hundreds of items to be sold for 1p. Some firms which use RepricerExpress say they risk going bankrupt because the problem has resulted in them losing...
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US Avoids Shutdown After Spending Bill Passed

The US Senate has passed a $1.1tr spending bill - and prevented a repeat of last year's government shutdown. The 56-40 vote on Saturday came as Congress ended a two-year legislative session that has been marred by bitter partisanship and few successes....
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New Fee-Free Current Accounts Launched

A new fee-free banking current account structure that guarantees "clarity" has been revealed by the Treasury. The scheme has been agreed to help people who may have marks on their credit history or who are currently ineligible for accounts. Details...
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Ex-JJB Sports CEO Jailed Over £1m Fraud

The former boss of JJB Sports has been jailed for four years, after pocketing around £1m in what was described as a "very greedy fraud". A court heard that Chris Ronnie, 52, owed more than £10m to an Icelandic bank when he diverted funds from...
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FCA Life Ban For Fare-Dodging Jonathan Burrows

The financial watchdog has banned a top fund manager from any role in the City after it was discovered he paid £43,000 to avoid prosecution for dodging train fares. Jonathan Paul Burrows, who was a London-based managing director at US investment firm...
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PlayStation Network Hacked 'By Lizard Squad'

Written By Unknown on Senin, 08 Desember 2014 | 23.34

Sony's PlayStation online store appears to have been hacked - with a group calling itself Lizard Squad claiming responsibility. The company, whose film arm has just been hit by cyberattack, said the problem had lasted only two hours and there...
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McDermott Gets Nod For FCA Supervision Role

By Mark Kleinman, City Editor The executive who has led the City regulator's zealous efforts to punish banks' misdemeanours is to be rewarded with a promotion as part of a wide-ranging restructuring. Sky News understands that Tracey McDermott, the...
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GoCompare Founder Nets £44m In Esure Deal

The founder of GoCompare is in line for a £44m windfall after the business she started eight years ago was sold to car insurance firm esure. Hayley Parsons will step down as chief executive of the price comparison site as a result of the £95m deal...
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Interest Rates Rise: Will You Feel The Impact?

The Bank of England has signalled that thousands of households will have to cut back as they struggle to keep up with mortgage payments when interest rates start rising. The bank estimates that 37% of households will either need to work more or spend...
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M&S Hit By Pre-Christmas Online Delivery Delays

By Sam Washington, Business Presenter Marks and Spencer has been forced to delay online deliveries after its distribution centre could not keep up with orders. The high street giant was caught out by Black Friday - an American post-Thanksgiving shopping...
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