Ed Miliband Proposes New Energy Price Controls

Ed Miliband has proposed new controls on energy prices to give small businesses "equal protection" with households from "unacceptable" treatment by energy companies. The Labour leader said annual energy bills for small businesses had risen by an average...

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FCA Probes Millions Of 'Bad Deal' Investments

The City watchdog is to scrutinise millions of finance products sold to consumers over three decades, because of fears they are shackled by unfair terms and conditions. It is estimated around 30 million policies, including pensions, endowments, life...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. : Monday March 31 From Monday, energy suppliers are required to publish the price at which they will buy and sell on wholesale markets up to two years in advance...

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F1 Investors Drive Off With £200m Dividend

By Mark Kleinman, City Editor Shareholders in Formula One motor racing are in line for a £200m windfall just weeks before Bernie Ecclestone stands trial in a case which could spell the end of his reign at the sport's helm. Sky News has learnt that...

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Millions More British Homes 'In Fuel Poverty'

The number of British households living in fuel poverty has risen to almost 4.5 million, according to a new report. The UK Fuel Poverty Monitor said  the cost of those households meeting their above average fuel bills would put them below the breadline....

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'Brit Culture' Test For Video Game Tax Break

By Joe Tidy, Sky News Reporter UK games developers are to be granted large tax breaks for creating titles that pass a British "culture test". To become eligible for money back, games will be appraised on several criteria, such as having British...

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Santander Fined £12m Over Poor Advice Service

Santander UK has been fined £12.4m by the City regulator over poor advice given to its customers. Details of the penalty were first revealed by Sky News City Editor Mark Kleinman on the Jeff Randall Live programme on Tuesday night. He revealed that...

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Candy Crush Firm Slumps In Market Debut

The British creator of the popular mobile game Candy Crush Saga has been given the cold shoulder in its public trading debut on Wall Street. The stock price for King Digital Entertainment plc dropped 15.6% on its first day of trading, ending the session...

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'Big Six' Energy Firms May Be Broken Up

The energy watchdog has ordered a competition inquiry into the household supply market that could lead to the so-called 'big six' firms being broken up. Ofgem charted a quadrupling in profits between 2009 and 2012 and said it was acting to "remove...

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Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

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Cable Turns Screw Over Royal Mail Chief's Pay

By Mark Kleinman, City Editor Vince Cable is demanding that the board of Royal Mail limits a pay rise for its chief executive to the same level awarded to the rest of the newly privatised company's workforce. Sky News can reveal that the Business...

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Co-op Bank Discovers New £400m Shortfall

The struggling Co-operative Bank has discovered a new £400m capital shortfall - in addition to its previous £1.5bn funding gap. The bank said that in 2013 it was hit with an estimated £400m in payment protection insurance (PPI), interest rate swaps...

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Fortnum Boss Warns of Scots Vote 'Disaster'

By Mark Kleinman, City Editor, in Dubai The chief executive of Fortnum & Mason, the upmarket London-based grocer has warned that a 'yes' vote in the Scottish independence referendum would be a "disaster" for the country. Speaking exclusively...

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Leahy Firm Leads Race For £1bn Dubai Group

By Mark Kleinman, City Editor, in Dubai The private equity firm which employs Sir Terry Leahy, the former boss of Tesco, is leading the race to buy a German industrial group which has key operations in northern England. Sky News understands that...

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Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

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