Fracking Water Warning As Tax Break Announced

UK water companies have warned shale gas 'fracking' should not be allowed to compromise public health as the Chancellor unveiled plans for a "generous" tax relief regime for the industry. Water UK policy and business adviser Dr Jim Marshall said public...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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2012 Olympics Have Given UK A £10bn Boost

By Paul Kelso, Sports Correspondent The UK economy has received a £10bn trade and investment boost from the London Olympic and Paralympic Games, according to a new report. The boost comes from businesses securing contract wins, additional sales...

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Vodafone Hit By Declines Across Europe

Mobile phone giant Vodafone has seen its quarterly revenue decline across key markets in Europe and the UK. Total group service revenue for the first quarter, ending June 30, was down 3.5% at £10.15bn. Vodafone said conditions in Europe remain "challenging",...

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Petrol Prices Set To Soar By 5p Over Summer

Petrol pump prices could soar 5p a litre - burning a hole in the pockets of holiday motorists, the AA has warned. A surge in the wholesale cost of petrol across Europe has already led to a rise in UK petrol and diesel prices, with more misery possibly...

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Google 'Must Do Better' Over Search Concerns

Google must do more to overcome worries that its search results are unfair to its competitors, the European Commission has said. The company came up with proposals that it hoped would satisfy a three-year investigation into how it displays and ranks...

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Greece Passes Job Cuts As Thousands Protest

Greece's parliament has narrowly approved a new batch of austerity measures that will see thousands of public-sector job cuts. The country has been kept out of bankruptcy since it started receiving rescue loans in 2010 from the International Monetary...

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Sports Direct Sees Pretax Profit Rockets 40%

Sports Direct has reported a full year pretax of £207.2m, showing a profit rise of 40% on last year's results. Its UK retail like-for-like revenue increased 11.2% in the same period. The Sportsworld empire, controlled by Newcastle United owner Mike...

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GSK Admits China Corruption Claims 'Shameful'

By Mark Stone, Asia Correspondent Chinese police have released further details of what they claim is a massive programme of bribery by GlaxoSmithKline (GSK) in China. According to a police official in Beijing, the British drugs manufacturer has...

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New London Airport Shortlist Revealed

By Enda Brady, Sky News Correspondent Boris Johnson has unveiled a shortlist of three locations on which a new London airport will be built. He put forward his outer Thames Estuary, artificial island plan - dubbed "Boris Island" - for a new four-runway...

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Horsemeat: MPs Criticise 'Slow' Investigation

MPs have condemned the "slow pace" of an investigation into the horsemeat crisis in the UK as no one has been prosecuted six months after the scandal erupted. Horsemeat contamination was first revealed in January by officials in the Irish Republic and...

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Warm Weather Gives High Street A Boost

Glorious Sun: Heatwave Here To Stay Updated: 11:13pm UK, Sunday 14 July 2013 Parts of the UK remain on heatwave alert, as the hot weather shows no sign of letting up. Following the hottest day of the year on Saturday, Sunday was another scorcher with...

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Company Directors 'To Face New Scrutiny'

Fraudulent or negligent directors could be forced to compensate creditors, under new plans expected to be outlined by the Business Secretary. Vince Cable will announce proposals to boost transparency and trust in British business in a speech to the...

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Welfare Cap Of £500-A-Week Comes Into Force

How The Benefit Changes Work Updated: 8:36am UK, Monday 15 July 2013 The coalition is pushing through radical changes to the welfare system in a bid to slash the benefits bill and make it pay to work. Here is a full breakdown: Benefit cap :: A cap...

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