China Bets Big On 'Iron Bird' Of The Skies

By Mark Stone, China Correspondent in Shanghai In a vast hanger on the outskirts of Shanghai, the banging of hammers and screeching of drills indicates a company in a hurry. Sky News has been granted exclusive access to the headquarters of Comac...

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Ken Clarke In China On NHS Export Mission

By Mark Stone, China Correspondent The UK's trade envoy Ken Clarke is on a week-long trip to China in an effort to 'export' elements of the NHS to the world's second largest economy. Mr Clarke, a former health secretary, has brought a 50-strong...

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HomeServe Faces £34.5m 'Mis-selling' Fine

The emergency maintenance firm HomeServe has been told it faces a £34.5m fine amid a regulator's inquiry into alleged mis-selling and poor complaints handling. The penalty - set to be imposed by the Financial Conduct Authority (FCA) following an 18-month...

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Sports Direct Nets 5% Stake In Debenhams

The sportswear empire of Newcastle United owner Mike Ashley has bought a 4.6% stake in Debenhams - the stuggling department store chain. Sports Direct International said the stock market purchase of 56.8 million shares, worth around £46m, was made without...

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Childcare Costs 'Stop Parents Going To Work'

The spiralling cost of childcare is preventing parents from returning to work, with one in four saying they would like a job but cannot afford it, according to a study. The cost of childcare has increased by 19% in the last year and the average hourly...

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Volkswagen To Invest $7bn In North America

Volkswagen has announced it plans to make a sport utility vehicle for the North American market and will invest $7bn (£4.25bn) in the region as it looks to increase sales. Europe's largest car manufacturer is aiming to sell one million Volkswagen and...

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Payday Loans: Default Fees 'May Be Illegal'

Some payday lenders may be imposing illegally high penalties on borrowers who default on their loans. That is the conclusion of an investigation by Which? that found fees of up to £30 - a level the consumer group claimed was disproportionately high....

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Lidl To Remove Sweets From Checkouts

By Poppy Trowbridge, Consumer Affairs Correspondent I understand that Lidl will announce plans to remove all chocolate and sweets from the checkout queues in their supermarkets later this week. The move is likely to be welcomed by consumer groups...

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£4bn UK-Owned Construction Group Eyes Float

By Mark Kleinman, City Editor The race to join the glut of companies considering share listings on the London market is to be joined by a British-owned provider of temporary accommodation. Sky News understands that Algeco Scotsman, which is owned...

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Fracking: Cameron Offers Councils Drill Money

David Cameron has announced £1.7m for councils which agree to drill for shale gas sparking angry protests from campaigners who say it amounts to little more than bribery. David Cameron said the Government was "going all out for shale" as he announced...

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