Heathrow 'Full' As Annual Profits Slip 10%

Heathrow has announced a 10% fall in annual operating profits and argued it should be granted expansion because it is "full". The west London hub airport said a strong operational performance in 2014 resulted in its busiest year ever, with 73.4 million...

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New Tax Evasion Offence Would See Firms Fined

Organisations that fail to prevent tax evasion would be hit with stiff fines under a new crackdown, the Chief Secretary to the Treasury has proposed. Lib Dem Danny Alexander wants to create a new offence of "corporate failure to prevent an economic...

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Greece Submits Economic Reform Plans To EU

Greece is set to submit a list of economic reforms demanded by its creditors to extend the country's bailout programme. The proposals had to be handed in by late Monday night as a condition of the support from the European Union (EU), the European...

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Greece Agreement 'Old Deal In New Clothing'

The clue came right at the start of Yanis Varoufakis' press conference. Up until last night's bailout extension deal, the Greek finance minister spent most of his international media appearances addressing an international audience - speaking fluent,...

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Tsipras Declares Greek Victory In Debt Talks

Alexis Tsipras has said Greece "won a battle, not the war" by cutting a financial deal with Europe after days of tense negotiations. The Greek prime minister said his country was now leaving its period of austerity and had dispensed with the "troika"...

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UK Banks Slash Ranks Of Millionaire Pay Deals

By Mark Kleinman, City Editor The UK's biggest banks slashed the number of employees earning at least £1m last year in a move they will argue demonstrates that they are heeding calls for greater pay restraint. Sky News understands that Barclays,...

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Energy Watchdog Failing Consumers, MPs Say

Energy regulator Ofgem is failing to help consumers get the best value for money, according to a scathing report by MPs. The Commons Energy and Climate Change Committee said new price caps on the amount energy firms can charge were too generous while...

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Apple Building £628m Eco Facility In Ireland

Apple is set to open a multi-million pound data centre in the west of Ireland as part of its biggest project in Europe to date. The technology giant has said it's building the £628m online services centre in Athenry, County Galway, alongside...

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HSBC Annual Profits Fall 17% To £12.14bn

HSBC, the global bank currently at the centre of a tax scandal, has blamed a 17% fall in annual profits on the cost of past mistakes. The London-listed group said reported profit before tax fell to $18.68bn (£12.14bn) in 2014. It said it was, in...

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HSBC Boss Gulliver Explains His Swiss Account

Stuart Gulliver, HSBC's chief executive, has denied any suggestion of wrongdoing amid revelations he had cash in the bank's private Swiss offshoot. The Guardian claimed Mr Gulliver - who announced the bank's full-year results this morning - kept...

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