Energy Firm Pays Heavy Price For Overcharging

Energy firm E.ON is to hand £7.75m to Citizens Advice for customers who were overcharged after price rises. The sum is on top of the £400,000 E.ON has already paid back money to others who may have been affected. Regulator Ofgem said the penalty...

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Pru Boss 'Irritated' By Labour Letter Row

By Mark Kleinman, City Editor A row over company bosses' political affiliations ahead of the General Election deepened on Thursday amid allegations that Labour was trying to undermine the leaders of some of the UK's biggest businesses. Friends of...

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Temasek Snaps Up Stake In UK's Funding Circle

By Mark Kleinman, City Editor A fast-growing peer-to-peer lending platform is to sell a stake in itself to Temasek, the Singaporean sovereign wealth fund, as part of a fundraising that will catapult it into the ranks of Britain's most valuable technology...

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M&S Reveals Like-For-Like Sales Up 0.7%

Marks & Spencer has revealed like-for-like sales of food and clothing are up 0.7%, the first rise in sales for 14 quarters. The retailer issued a trading statement for the 13 weeks to 28 March, which also revealed that total like-for-like UK were...

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'Radical' Pension Changes Come Into Force

By Poppy Trowbridge, Consumer Affairs Correspondent Major changes to pension rules come into effect today which will allow savers to have more control over their money when they retire. People aged over 55 are now able to cash in their pensions and...

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Tories Woo New Backers As Boots Boss Says No

By Mark Kleinman, City Editor The Conservatives have embarked on a fresh attempt to court backing from the business community hours after the publication of a letter warning against "a change in (economic) course" pursued by a Labour administration....

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Kurt Geiger To Try On Another New Owner

By Mark Kleinman, City Editor The upmarket shoe retailer Kurt Geiger is preparing to try on another new owner less than a year after its last buyout. Sky News understands that the company's management and their backers at Sycamore Partners, an American...

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Sluggish US Economy Adds Only 126,000 Jobs

By Sky News US Team A slow US economy added a lower-than-expected 126,000 jobs in March, though the unemployment rate held steady, as predicted, at 5.5%. Friday's jobs reports broke a run of 12 consecutive months in which the economy added more than...

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Tories Accused Of 'Secret Tax Plan' By Labour

The Conservatives have been accused by Labour of favouring the rich after the Chancellor refused to rule out cutting the top rate of income tax in a Sky News interview. George Osborne told the Murnaghan programme his party had "no plans"...

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Challenger Poaches Exec From Bank of England

By Mark Kleinman, City Editor One of a new wave of banks set up to challenge the hegemony of the UK's established high street lenders will announce this week that it has poached a senior executive from the Bank of England. Sky News has learnt that...

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