Asda To Cut More Than 1,350 Jobs Within Weeks

Asda is to cut a total of 1,360 within the next three months, it has been confirmed. The supermarket chain, which is owned by US-based Walmart, had previously said there would be job losses but it did not reveal the number of cuts. The plan will affect...

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Dow Jones Closes Above 17,000 For First Time

The US stock index made up of some of the biggest global firms has closed at above 17,000 for the first time ever. Shares soared after a US jobs report showed unemployment was at its lowest rate in six years. The government said on Thursday morning...

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Amazon Under Scrutiny Over EU Tax Affairs

Online retail giant Amazon faces a potential investigation by EU officials over its Luxembourg tax hub. The EU's competition commission has demanded that the country's Grand Duchy hand over documents of the tax status given to Amazon, including any...

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BAE Gets US Deal For 'Anti-Insurgent' Missile

UK defence giant BAE Systems has been chosen to further develop its 'anti-insurgent' missile system for the US military. The Naval Air Systems Command said it intends to enter into sole source negotiations with the US subsidiary of the British firm...

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Osborne: 'I Could Have Done More' For Economy

By Sarah Hewson, Sky News Presenter George Osborne has admitted he wishes he had done more to help Britain's economy when the coalition came to power. Speaking to Sky News, the Chancellor of the Exchequer expressed regret his attempts to reform...

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Poundland Profit Up 23% As EU Expansion Starts

Discount chain Poundland has seen a 23.5% rise in annual underlying pre-tax profit, as it begins expansion plans in Europe. In the 12 months until the end of March, profit rose to £36.8m, on a revenue rise of 13% to £997m. However like-for-like sales...

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Sainsbury's Energy Hit By Mis-Selling Scandal

By Mark Kleinman, City Editor British Gas is being forced to compensate thousands of customers for providing inaccurate savings estimates in the latest mis-selling episode to blight the utility sector. Sky News has learnt that the UK's biggest...

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JPMorgan CEO Diagnosed With Throat Cancer

The boss of US banking giant JPMorgan Chase has confirmed he is being treated for throat cancer. In a memo to staff, CEO Jamie Dimon said the ailment is curable. He also intends to remain actively involved in running the banking business, which is...

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House Prices 'Rise Above 2007 Peak' Values

Average house prices have risen above their 2007 peak values, according to a monthly housing survey. The Nationwide said that in seasonally-adjusted terms, prices reached the peak in the end of the second quarter. It said that prices in June recorded...

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GM Reveals Pay Out Plan Amid Fresh Recalls

General Motors has recalled 7.6 million more cars just as the company's compensation attorney revealed that he is prepared to pay billions to victims of car crashes linked to faulty ignition switches. Kenneth Feinberg said on Monday that GM has placed...

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BNP Paribas Fined $9bn For Sanctions Busting

French bank BNP Paribas has agreed to pay a fine of $8.83bn (£5.16bn) after pleading guilty to sanction-busting charges in a New York court. According to prosecutors, the bank evaded sanctions imposed by the US by facilitating transactions involving...

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Flexible Isas Offer £15,000 Tax-Free Saving

Some of the barriers to saving with Individual Saving Accounts (Isas) have been stripped away from today as they become more flexible and the annual allowance rises. Savers will be able to stash up to £15,000 each year - money they can hold in stocks...

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Haggis Hopes: UK Urges US To End 43-Year Ban

A US ban on Scottish haggis could be overturned if Britain can persuade aides to Barack Obama that British meat is safe to eat. Environment Secretary Owen Paterson is to lobby US Secretary of Agriculture Tom Vilsack today to bring an end to the ban...

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Juncker 'Committed To Addressing UK Concerns'

Jean-Claude Juncker has told David Cameron he is "fully committed" to addressing the UK's political concerns in Europe. The pair spoke after the Prime Minister telephoned Mr Juncker to congratulate him on securing the nomination for the EU's top job....

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BNP Paribas Fine To Be Announced In US Court

French bank BNP Paribas is expected to be hit with the biggest ever fine against a European bank later today, stemming from violations of United States law. The US Justice Department will reveal the settlement, believed to total almost $9bn (£5.3bn),...

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Rates 'May Return To Pre-Recession Levels'

Homeowners should expect interest rates to return to their pre-recession levels within a decade, the Deputy Governor of the Bank of England has warned. Last week the Bank's Governor Mark Carney suggested that even once borrowing costs rise, the "new...

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Parcelforce Starts Seven-Day Delivery Service

Parcelforce, the express parcels business of Royal Mail, will today become the first national parcels carrier in Britain to deliver on Sundays. The business said it anticipates the new service will be of particular benefit to online shoppers. Among...

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All Staff Get Rights To Work From Home

By Emma Birchley, Sky News correspondent The right to request flexible working arrangements is about to be extended to apply to all staff and not just parents and carers. From Monday, workers who have been in their job for six months will be able...

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