House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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PayPal Warns Users Over Sharing Computers

Online payment firm PayPal has announced plans to prevent users from sharing their computers, smartphones and tablets with anyone else, even family members. On Tuesday, the company started sending registered users email alerts of upcoming amendments...

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House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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Co-op To Unveil £2.5bn Losses As Crisis Deepens

By Mike McCarthy, Sky News Correspondent The Co-operative Group is set to announce losses of up to £2.5bn after a series of "catastrophically inept decisions". It is coming under increasing pressure to reform as it faces the biggest crisis in its...

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Official: Average Earnings Outpace Inflation

Average UK earnings increased by 1.7% in the year to February, above the inflation rate of 1.6%, according to official figures. The Office for National Statistics (ONS) said it was the first time since spring 2010 that the consumer price index for inflation...

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Mulberry's Profit To Get A Handbagging

Luxury fashion brand Mulberry has warned its full-year profit will be below expectations. The company said pre-tax profit for the year ended March 31 is expected to be around £14m. The Somerset-based firm, famous for its high-end handbags, said new,...

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House Price Concern As Wider Inflation Eases

There has been more good news for household budgets with confirmation that price growth eased further in March though property costs accelerated. The Office for National Statistics (ONS) charted a fall in the Consumer Prices Index (CPI) measure of inflation...

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Scotland Split Would Risk Jobs, Warns Hammond

Defence Secretary Philip Hammond has warned thousands of jobs will be threatened if Scotland decides to break away from the UK. He told staff at a Glasgow-based defence firm the future of the business and their livelihoods would be put at risk by a...

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Tesco Full-Year Profit Slumps 6% To £3.3bn

Tesco has reported a 6% fall in full-year group trading profit of £3.3bn. Stripping out exceptional items incurred in the last year, pre-tax profit was down 6.9% to £3.1bn. The UK's biggest supermarket chain also announced like-for-like sales, excluding...

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Councils Accused Of Cashing In On CCTV Fines

Councils have been accused of using CCTV cameras to collect millions of pounds in parking and traffic fines. Big Brother Watch disputes claims by many local authorities who say the cameras are used to ensure the safety of the public and not to raise...

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Economy Fragile As High Street Spending Falls

By Gerard Tubb, North of England Correspondent A fall in high street spending for the second month in a row has underlined the fragile nature of the long-awaited economic recovery. Figures from the British Retail Consortium show like-for-like sales...

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Beckham Miami Stadium Plan Gets A Kicking

David Beckham's plans to open a waterfront stadium for his new Major League Soccer (MLS) side in Miami have come under fire. A consortium of firms have taken out newspaper adverts opposing the plan for the open-air 25,000-seater arena in the city's...

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Osborne Jail Threat For Offshore Tax Evaders

Wealthy people who stash money in offshore accounts to evade paying tax could be sent to jail, the government has said. Chancellor George Osborne said new proposals could mean that people who hide their cash overseas could face criminal charges even...

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Internet Britain: Drive For 2.5m New Surfers

By Tom Cheshire, Technology Correspondent The web is 25 years old - but 11 million adults in the UK still don't use it. With public services like tax returns and passport applications being delivered online more and more, the Government wants to...

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Interest Rates 'To Stay Low Until End Of 2015'

Ready, Willing... But Not Able To Buy A Home Updated: 5:54pm UK, Thursday 10 April 2014 By Huw Borland, Sky News Online If you are like me, renting a property is getting too expensive and feels like a waste of your hard-earned cash. Becoming an...

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Co-op Bank In Record £1.3bn Annual Loss

The struggling Co-operative Bank has reported a pre-tax annual loss of £1.3bn and said it would not return to profit for at least two years. The bank also confirmed it would not make £4.97m deferred annual bonuses to its former bosses. Chief executive...

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Wet February Wipes £270m From Building Sector

Woolly weather in February caused a sharp decline in UK construction, wiping more than a quarter of a billion pounds from the sector. The Office for National Statistics (ONS) said output fell to £5.8bn, down 2.8% from January. Output is defined as...

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Osborne Jail Threat For Offshore Tax Evaders

Wealthy people who stash money in offshore accounts to evade paying tax could be sent to jail, the government has said. Chancellor George Osborne said new proposals could mean that people who hide their cash overseas could face criminal charges even...

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