Customers 'Duped' By Energy Switching Deals

Energy price comparison websites have been "duping" customers into switching to deals that are not the cheapest on the market and should pay them compensation, a group of MPs have said. The Energy and Climate Change Committee said some sites had used...

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Canadian Funds In Talks Over £2.8bn O2 Stake

By Mark Kleinman, City Editor Two of Canada's largest pension funds are in talks about acquiring a multibillion pound stake in the company that is expected to become the UK's biggest mobile communications provider. Sky News understands that the Canada...

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Unions Protest As East Coast Line Goes Private

Rail unions are planning to stage protests along the East Coast Main Line later - marking the day before the route is re-privatised by the Government. The Rail, Maritime and Transport union is organising gatherings in London, Doncaster and Edinburgh...

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Net Neutrality Rules Approved By US Regulator

By Sky News US Team US regulators have approved net neutrality rules banning broadband providers from charging to put online services in a so-called fast lane. The new rules require the companies to act in the "public interest" and not intentionally...

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Greek Clashes: Protesters In Syriza Backlash

Protesters have clashed with riot police in Greece in the first display of anti-government sentiment since the leftist Syriza party took power a month ago. Around 450 people took to the streets of Athens on Friday to demonstrate against the newly...

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Lloyds Resumes Dividend As Profits Quadruple

Lloyds Banking Group is to pay a dividend for the first time since its taxpayer bailout after annual profits quadrupled to £1.76bn in 2014. The taxpayer is set to net £130m from the payment, which equates to 0.75p-per-share or £535m in total. It...

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HSBC Bosses 'Sorry' For Swiss Tax Scandal

The bosses of HSBC have apologised in person to MPs over the "unacceptable" past behaviour of the bank and thousands of secret Swiss bank accounts it held for clients. Chief executive Stuart Gulliver told MPs on the Treasury Select Committee that...

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HSBC Bosses Show Humility Over Swiss Role

The apologies were fulsome, forthright and frequent: for the top two executives at HSBC, their appearance in front of MPs on Wednesday was a well-choreographed damage limitation exercise. After a fortnight in which damaging revelations re-emerged...

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RBS £4bn Writedown Keeps It Loss-Making

A £4bn writedown on its US business meant Royal Bank of Scotland (RBS) remained in the red in 2014, with the bank confirming a £3.5bn loss. The annual loss marked the seventh consecutive year the part-nationalised bank has failed to achieve profitability however...

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Oil Group Gulf Keystone To Signal Sale Talks

By Mark Kleinman, City Editor One of London's most controversial listed companies will effectively put itself in play on Wednesday by disclosing initial takeover discussions with potential buyers. Sky News can reveal that Gulf Keystone Petroleum...

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Huge Fines To Tackle 'Menace' Of Cold Callers

Companies to blame for nuisance calls and texts can be fined up to £500,000 under tough new regulations that come into force soon. Changes to the current law, which has been described as "a licence for spammers and scammers", will make it easier to...

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Morrisons Appoints New Boss To Lead Fight Back

Supermarket chain Morrisons has announced the appointment of a new chief executive. In a statement to the London Stock Exchange, Britain's fourth biggest grocer said David Potts would be the new CEO. He replaces Dalton Philips, who has struggled...

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Half Of UK Food Will Come From Abroad By 2040

By Becky Johnson, Sky News Correspondent Farmers have warned that almost half of the UK's food will come from abroad by 2040. Research by the National Farmer's Union (NFU) has found that over the last 30 years a downward spiral of self sufficiency...

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UK Oil Industry Suffers Worst Year Since '70s

The UK's offshore oil and gas industry needs Government support if its future is to be secured following its most costly year since the 1970s, a report says. The study, conducted by the industry pressure group Oil & Gas UK, was said to have found...

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UK Banks Slash Ranks Of Millionaire Pay Deals

By Mark Kleinman, City Editor The UK's biggest banks slashed the number of employees earning at least £1m last year in a move they will argue demonstrates that they are heeding calls for greater pay restraint. Sky News understands that Barclays,...

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HSBC Boss Gulliver In £5m Swiss Account Claims

Stuart Gulliver, HSBC's chief executive, reportedly kept millions of his own money sheltered in the bank's private Swiss offshoot. The Guardian says Mr Gulliver - due to announce the bank's full-year results this morning - kept $7.6m (£4.93m)...

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Heathrow 'Full' As Annual Profits Slip 10%

Heathrow has announced a 10% fall in annual operating profits and argued it should be granted expansion because it is "full". The west London hub airport said a strong operational performance in 2014 resulted in its busiest year ever, with 73.4 million...

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Eurozone Agrees To Extend Greek Bailout

Eurozone finance ministers have agreed to extend Greece's rescue loans - although not by as long as the government wanted. The deal, which will enable Athens to continue paying its bills, was reached at talks in Brussels which were delayed for...

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New Look Fashions Plans For £2bn Flotation

By Mark Kleinman, City Editor The high street fashion retailer New Look has recruited bankers to work on a stock market listing that could value it at as much as £2bn. Sky News has learnt that the company this week appointed JP Morgan, the Wall Street...

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Greece Agreement 'Old Deal In New Clothing'

The clue came right at the start of Yanis Varoufakis' press conference. Up until last night's bailout extension deal, the Greek finance minister spent most of his international media appearances addressing an international audience - speaking fluent,...

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