Bank Regulators Kick Off Formal Co-Op Probes

By Mark Kleinman, City Editor Banking watchdogs are poised to kick off formal probes into last year's crisis at the Co-operative Bank in a move which could lead to significant fines or bans for former directors of the lender. Sky News understands...

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Scottish Power To Cut Dual-Fuel Energy Prices

Energy firm Scottish Power is to reduce dual-fuel prices by 3.3% from January 31, as it passes on savings from the Government's green levy shake-up. The change will benefit 2.2 million households and reduce typical bills by around £42 to £1,199 a year...

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PMI Service Sector Growth Slows Unexpectedly

Growth in Britain's services sector slowed unexpectedly in December, according to a new survey. The monthly services purchasing managers' index (PMI), compiled by data company Markit, fell to a six-month low of 58.8 in December. It was a drop from...

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Asian Markets Rattled Over Ongoing US Fears

Asia's markets fell on Monday in the year's first full day of trade, with Tokyo tumbling as the dollar and euro retreated from five-year highs against the yen. The reaction comes after investors were given a mixed lead from Wall Street after Federal...

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December Online Sales Boom As Stores Struggle

Online stores saw a boom in December sales while high street retailers with low web presence struggled for customers, a new report suggests. Figures from accountancy firm BDO showed December non-store sales leaping 31.1%, rising to growth of 55.7% in...

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London Voted World's Best For Foreign Buyers

Property prices in Britain's capital may come under renewed upward price pressure, after London was voted the world's top city for foreign property investment opportunities. A flood of inward investment for prime real estate in London has previously...

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New London Black Cab: Nissan Ditches Diesel

Diesel engines are to be ditched in a new version of the London black cab, which has been launched by Japanese carmaker Nissan. The company promised that its new 1.6 litre petrol-engine taxi will be cleaner than the current diesel cabs used in the capital...

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Swiss Central Bank Loses £10bn On Gold Plunge

Switzerland's central bank has revealed losses of £10bn in its gold holdings, after prices for the precious metal plunged 28% last year. The Swiss National Bank (SNB) said the value of its reserves dropped by 15bn francs and as a result would not pay...

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Osborne: We Need To Cut An Extra £25bn

A further £25bn of cuts - including £12bn from benefits - must be made after the next election if the Government is to eliminate the UK's deficit, Chancellor George Osborne has said. Mr Osborne, who set out his priorities for the next 12 months in a...

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Watchdog: No Win, No Fee Promise Is False

So many claimants are facing unexpected or illegitimate bills from "no win, no fee" law firms that the phrase should be scrapped, a watchdog has said. In a damning report, the Legal Ombudsman said it dealt with around 600 cases last year where "no win,...

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