UK Economy Emerges From Six-Year Downturn

Official figures show the UK economy has emerged from six years of lost growth to return to its pre-crisis peak. The Office for National Statistics (ONS) said Britain's economy was now bigger than it was before the financial crisis as gross domestic...

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BSkyB Unveils Plan For European Pay-TV Giant

The owner of Sky News has announced an ambitious plan to create a European pay-television giant that will more than treble the company's potential customer base. Announcing its full-year results on Friday, BSkyB confirmed that it had reached a deal...

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Housing Shortage Sees More Tenants Evicted

By Mark White, Home Affairs Correspondent Increasing numbers of private tenants are being evicted or exploited by landlords cashing in on the increase in house prices and the shortage of rented accommodation, according to latest figures. Citizens...

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RBS Confirms 92% Profits Boost A Week Early

Royal Bank of Scotland (RBS) has confirmed a 92% rise in half-year pre-tax profits to £2.7bn, despite further writedowns for the mistakes of its past. The bank, which remains 81%-owned by the taxpayer following its bailout during the financial crisis,...

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UK Economic Depression To Be Declared 'Over'

By Ed Conway, Economics Editor The longest economic depression in British history will be declared over today, with the Office for National Statistics expected to confirm that the recovery is strengthening. The ONS is expected to report that the...

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BSkyB Unveils Plan For European Pay-TV Giant

The owner of Sky News has announced an ambitious plan to create a European pay-television giant that will more than treble the company's potential customer base. Announcing its full-year results on Friday, BSkyB confirmed that it had reached a deal...

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Scottish Referendum: Banks Weigh New Warnings

By Mark Kleinman, City Editor Britain's biggest banks are weighing up plans to outline further risks associated with Scottish independence when they unveil half-year results with less than 50 days to go before the crucial vote. Sky News understands...

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Facebook Shares Hit Record High As Profit Soars

Facebook shares hit a new record high after the social network posted profits growth of 137% for its last quarter. All the major indicators of its business health seemingly delighted investors, with revenue from crucial mobile advertising continuing...

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Winter Storms: Power Firms To Pay £3.3m More

The energy regulator says two power network operators are to pay an extra £3.3m for failures related to last winter's storms. Ofgem said it had now secured a total of £8m from SSE and UK Power Networks (UKPN) after its investigation into the companies'...

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UK Prepares For EU Ruling On Energy State Aid

By Mark Kleinman, City Editor The Government is braced for a ruling from Brussels on Wednesday that will influence the fate of billions of pounds in investment in low-carbon energy policies. Sky News understands that the European Commission (EC)...

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Major Airlines Suspend Flights To Israel

Major airlines from the US, Europe and Canada are refusing to fly to and from Israel after a rocket fired from Gaza landed near Tel Aviv's Ben Gurion international airport. Delta Air Lines and United Airlines have suspended services between the US and...

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Apple Profits Up 12% As Microsoft Innovates

Strong iPhone sales in China have boosted Apple's profits as rival Microsoft endures a Nokia hangover. The latest results from the two tech companies exceeded analysts' expectations but underlined conflicting challenges. For Apple, investors want to...

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China Chicken Scandal Hits Fast Food Chains

A growing number of fast food and cafe chains are becoming embroiled in a scandal linked to a single supplier accused of passing off "toxic meat". Starbucks, McDonald's and Burger King are among the outlets that have taken action since a video came...

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Russia Faces 'Hard-Hitting' Sanctions Over MH17

Europe's Russia Sanctions Avoid Self-Harm Updated: 9:34pm UK, Monday 21 July 2014 Sanctions against Russia have now been in place since its annexation of Crimea in March - but following the flight MH17 disaster, all the signs are that they will soon...

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Royal Mail Warns Of Lower Parcel Revenues

Royal Mail has warned of a hit to its full-year revenue expectations because of growing competition for parcel deliveries. In its first quarter results statement, the postal operator said that while total revenues had risen 2% - thanks to a 3% increase...

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BBA: City Sanctions Regime Needs Overhaul

By Mark Kleinman, City Editor Procedures for punishing bankers who breach City rules require urgent changes, including the option of "part-settlement" of cases brought by regulators, the banking industry lobbying group has said. In a submission...

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Newly-Listed TSB Says Yes To £1.4bn UKAR Bid

State 'Bad Bank' Plots £1.5bn Mortgage Sale Updated: 3:07pm UK, Tuesday 03 June 2014 By Mark Kleinman, City Editor The state-owned 'bad bank' which holds the remnants of Bradford & Bingley and Northern Rock is to sell a £1.5bn mortgage portfolio...

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Tesco Chief Philip Clarke To Step Down

Tesco's chief executive Philip Clarke is to quit after a string of poor results for the supermarket giant. The group, which is seeing its worst sales performance in four decades, announced Mr Clarke's departure as it issued a fresh warning on profits....

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Malaysia Airlines Offers Passenger Refunds

Malaysia Airlines is to refund fares for passengers no longer wishing to travel on the carrier, Sky News has confirmed. Previously booked passengers due to fly up to and including July 25 can seek a refund without incurring any penalty. The decision...

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Top City Banker To Pay £450,000 FCA Penalty

By Mark Kleinman, City Editor One of the City's top financiers is poised to pay a £450,000 fine after deciding to accept a market abuse ruling by the Financial Conduct Authority (FCA). Sky News understands that Ian Hannam, a banker who became known...

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Newly-Listed TSB Says Yes To £1.4bn UKAR Bid

State 'Bad Bank' Plots £1.5bn Mortgage Sale Updated: 3:07pm UK, Tuesday 03 June 2014 By Mark Kleinman, City Editor The state-owned 'bad bank' which holds the remnants of Bradford & Bingley and Northern Rock is to sell a £1.5bn mortgage portfolio...

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