Iraq Crisis Hits Airlines And Travel Firms

Airline and travel companies have seen their share prices fall in the wake of the latest violence to hit oil exporter Iraq. EasyJet, IAG and TUI Travel, all operators of fuel-hungry aeroplanes, all saw their share prices fall on Monday. The cost of...

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Asos 'Loses 20% Of Stock' In Warehouse Fire

Asos has confirmed that a fifth of its stock was "compromised" after a fire broke out at its main distribution warehouse. Police are treating the fire as deliberate. Pic: @mathew_hanley The online fashion retailer said that at the end of May the company...

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Morrisons Expands Supermarket Price War

Supermarket chain Morrisons has announced more price cuts as it attempts to halt a decline in sales. It said more than 130 "everyday items" would see reductions and that the average price cut would be 14%, with some items discounted by more than 30%....

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Twitter Founder Rejected $500m Facebook Bid

Twitter founder Biz Stone has told how he turned down a $500m (£290m) offer from Facebook to buy the firm – and watched as its value later soared to billions. He told Sky News Digital View how he and co-founder Evan Williams travelled to a meeting with...

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Bank Body Urges New Help For Challengers

By Mark Kleinman, City Editor Challenger banks should be aided in their attempts to rival established high street players by effectively forcing public sector bodies to deposit funds with them, a report by the industry's main lobbying group will...

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France Warns Airlines Over Six-Day Strike

France has urged airlines to cut plane traffic to key airports by up to a fifth, ahead of a week-long air controllers' strike. The country is braced for travel chaos after the strike's scheduled start on Tuesday. No-frills carrier Ryanair has already...

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Hedge Fund Loses Millions In Hacking Attack

A US hedge fund lost millions of dollars over a two-month period after hackers installed software to steal trade secrets, it has been revealed. In a rare raid on the financial services sector, the criminals delayed the fund's trades whilst stealing...

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Fears Of Exploding Airbags: Major Car Recall

Nearly three million Hondas, Nissans and Mazdas are being recalled worldwide over defective Takata airbags that could potentially explode. The news comes after Toyota announced a similar recall earlier this month for 2.27 million vehicles. A fire was...

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Building Firms Hit By Possible Rate Rise

Housebuilders and property management firms have seen their share prices drop, amid rising fears of a base rate rise. The dip comes after the Chancellor once again backed the governor of the Bank of England's plans to raise the base rate of interest....

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FCA Hires Leeson Law Firm For Insurance Probe

By Mark Kleinman, City Editor The law firm which advised the world's best-known rogue trader has been drafted in to represent the boss of the City watchdog in a probe into a bungled media briefing which wiped billions of pounds from insurers' share...

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