City Bonuses 'To Rise 21%' Despite Cap Rules

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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