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The Sky News Business Round-Up And Look Ahead

Written By Unknown on Sabtu, 04 Mei 2013 | 14.48

Sky's Naomi Kerbel offers a look ahead to what's coming up in the week's business news. :: Monday 6th May UK bank holiday :: Tuesday 7th May HSBC Q1 results :: Wednesday 8th May J Sainsbury Q1 results :: Thursday 9th May UK interest rate...
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US Creates 165,000 New Jobs In April

The United States created 165,000 new non-farm jobs in April, with the figure beating expectations. Hiring was much stronger in the previous two months than first thought, and the gains trimmed the unemployment rate to a four-year low of 7.5%, the official...
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Smartphones: Debit Cards Of The Future?

By Liz Lane, Sky News Reporter Smartphones could soon become an even greater part of our lives as networks join forces to let us pay for high street goods with our mobiles. The battle to dominate the market for "virtual wallets" is heating up,...
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Investors Eye £1.5bn Yorkshire Water Stake Sale

Written By Unknown on Jumat, 03 Mei 2013 | 14.47

By Mark Kleinman, City Editor The investors which own the parent company of Yorkshire Water are poised to put a £1.5bn stake in the company up for sale. I have learnt that shareholders led by Infracapital, the infrastructure arm of the British...
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Manchester United's Debt Pile Drives Loss

The cost to Manchester United of servicing its debts has helped plunge the club into a third quarter pre-tax loss. The Premier League champions for the 2012/13 season said they achieved a 23% increase in underlying profit in the three months to March....
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RBS Returns To Profit In Latest Quarter

The Royal Bank of Scotland has returned to profit with its latest quarterly results, reporting a group operating gain of £826m. RBS said its profit after tax for the January-March period compared with a net loss of £1.545bn in the first quarter of 2012....
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Interest-Only Borrowers Face 'Wake-Up Call'

Written By Unknown on Kamis, 02 Mei 2013 | 14.47

Homeowners with interest-only mortgages due to be paid before 2020 need to "act now" to ensure they have enough money to pay their loans back, a report says. The Financial Conduct Authority (FCA) fears that consumers are under-estimating the scale...
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BSkyB Nine-Month Profits Jump 9% To £994m

BSkyB, the owner of Sky News, has announced a 9% rise in profits and confirmed the creation of 550 new jobs. Adjusted operating profit for the nine months to March 31 reached £994m, partly driven by growth in the number of products customers are paying...
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Petrol: New Round Of Price Cuts At Pumps

Further cuts to petrol and diesel prices have been launched amid fierce competition among supermarkets. Morrisons sparked a likely supermarket round of cuts today by announcing a reduction in its fuel prices for drivers from 3pm on Thursday. It would...
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Charity Warns Recession Is Scammer Boom Time

Written By Unknown on Rabu, 01 Mei 2013 | 14.47

Con artists in the UK are thriving during the recession by coming up with new ways to profit from the financial misery of others, Citizens Advice has warned. The charity said 22,000 scams were reported to it in England and Wales in the last 12 months....
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Apple Bond Sale To Reward Shareholders

Apple has sold $17bn (£10.9bn) in the largest non-bank bond deal in history as it moves to placate frustrated shareholders. The move, to raise money to pass along to investors through dividend payments and stock buy-backs, is part of an effort to reverse...
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Energy Firms 'Failed Consumer Targets'

The energy regulator is investigating six suppliers, saying they have failed to meet their targets on providing consumers with efficiency measures. Ofgem said that while the sector had achieved 99% of energy efficiency targets set by the Government,...
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Benefits Shake-Up: Universal Credit Begins

Written By Unknown on Senin, 29 April 2013 | 14.47

The Government's shake-up of the welfare system starts today with the launch of a new all-inclusive payout to replace a string of benefits including jobseeker's allowance and housing benefit. Universal Credit will be introduced in four local Jobcentres...
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MPs Raise Doubts Over Infrastructure Plans

The credibility of the coalition's £310bn plan to boost Britain's infrastructure and help the economic recovery has been questioned by MPs. The Public Accounts Committee (PAC) urged ministers to be "realistic" about how much private and public investment...
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Moody's Raises Fears Over Italy Bailout Needs

A senior official with rating agency Moody's has said it is not yet possible to exclude Italy from being forced to ask for a future eurozone bailout. Moody's said it will monitor the ability of the newly formed Italian government to overhaul the economy,...
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