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  • iPhones Fuel 33% Surge In Apple Profits Sky News - 1 hour 12 minutes ago
    iPhones Fuel 33% Surge In Apple Profits

    Apple (NasdaqGS: AAPL - news) enjoyed a 33% leap in quarterly profits to $13.6bn (£8.9bn) thanks largely to strong iPhone sales, the firm said. The numbers were - as expected - down from the last three months of 2014, when a record 74 million of the new iPhone 6, 6 Plus and older models were sold. Tim Cook, Apple's chief …

  • Labour Plans To Reduce Stamp Duty To Zero Sky News - 1 hour 25 minutes ago
    Labour Plans To Reduce Stamp Duty To Zero

    Ed Miliband has announced plans to scrap stamp duty on homes worth up to £300,000 for first-time buyers. Cutting stamp duty to zero would benefit nine out of 10 people buying their first home and could save up to £5,000, the Labour leader said. Speaking in Stockton, Mr Miliband said:   "There's nothing more British than …

  • Fund Giants Dial Up £1bn O2 Mobile Stakes

    Two of the world's biggest investment funds are close to snapping up £1bn stakes in the company that is poised to become Britain's leading mobile communications provider. Sky News understands that the Canada Pension Plan Investment Board (CPP) and the Government Investment Corporation of Singapore (GIC) are in advanced …

  • Labour Plans To Reduce Stamp Duty To Zero

    Ed Miliband has announced plans to scrap stamp duty on homes worth up to £300,000 for first-time buyers. Cutting stamp duty to zero would benefit nine out of 10 people buying their first home and could save up to £5,000, the Labour leader said. Speaking in Stockton, Mr Miliband said:   "There's nothing more British than …

  • TopShop Store Card Group Banks On £1bn Sale

    The finance group which provides credit cards to TopShop customers has hired bankers to prepare a sale or flotation that could value it at more than £1bn. The appointments signal an intention for Varde Partners, a hedge fund which acquired the company in 2011, to pursue an outright sale or stock market listing in the coming …

  • Jay Z: My App Has Been Smeared By Big Firms

    Jay Z claims big companies are "spending millions on a smear campaign" against his new music streaming service Tidal. The app - which promises to pay a 75% royalty rate to artists - has slipped ...

  • Cameron Gets Backing Of 5,000 Small Businesses

    The bosses of 5,000 small businesses, who between them employ more than 100,000 people, have urged voters to back the Conservatives in the General Election. The endorsement comes as David Cameron prepares to give a speech later setting out his plans for helping small firms that form the "backbone" of UK plc. On Sunday, …

  • Cameron Gets Backing Of 5,000 Small Businesses

    The bosses of 5,000 small businesses, who between them employ more than 100,000 people, have urged voters to back the Conservatives in the General Election. The endorsement comes as David Cameron prepares to give a speech later setting out his plans for helping small firms that form the "backbone" of UK plc. On Sunday, …

  • Car-Leasing Giant Revs Up £100m Windfall Sky News - Sun, Apr 26, 2015 22:28 BST
    Car-Leasing Giant Revs Up £100m Windfall

    Sky News understands that Zenith Leasedrive (ZLD), which is headquartered in Leeds and employs more than 500 people, has struck a refinancing deal with its lenders, paving the way for one of the largest dividends paid by a private company so far this year. The company is owned by Hg Capital, a leading private equity firm, …

  • Labour To Cap Rents To Help 'Generation Rent' Sky News - Sun, Apr 26, 2015 11:25 BST
    Labour To Cap Rents To Help 'Generation Rent'

    Labour plans to bar private landlords from raising rents faster than inflation over a three-year period if it wins power after the General Election. Party leader Ed Miliband described Labour's blueprint as "a plan for a stable, decent, prosperous private rental market where landlords and tenants can succeed together". …

  • Labour Promises To Slap Cap On Rising Rents Sky News - Sun, Apr 26, 2015 07:25 BST
    Labour To Cap Rents To Help 'Generation Rent'

    Labour plans to bar private landlords from raising rents faster than inflation over a three-year period if it wins power after the General Election. Party leader Ed Miliband described Labour's blueprint as "a plan for a stable, decent, prosperous private rental market where landlords and tenants can succeed together". …

  • Labour Promise To Slap Cap On Rising Rents Sky News - Sun, Apr 26, 2015 06:08 BST
    Labour To Cap Rents To Help 'Generation Rent'

    Labour plans to bar private landlords from raising rents faster than inflation over a three-year period if it wins power after the General Election. Party leader Ed Miliband described Labour's blueprint as "a plan for a stable, decent, prosperous private rental market where landlords and tenants can succeed together". …

  • Richest Person In UK Revealed In Annual List Sky News - Sun, Apr 26, 2015 04:02 BST
    Richest Person In UK Revealed In Annual List

    Ukrainian-born Len Blavatnik, owner of Warner Music Group, has topped the Sunday Times Rich List with a £13.17bn fortune. Jumping from fourth last year, Mr Blavatnik is now estimated to be the richest ...

  • Activist Fund Squares Up To RSA In Pay Row Sky News - Sat, Apr 25, 2015 18:22 BST
    Activist Fund Squares Up To RSA In Pay Row

    Sky News has learnt that Cevian Capital, which holds a stake of more than 10% in RSA, is leaning towards a decision to vote against the company's remuneration report ahead of its annual general meeting on May 8. If Cevian does oppose‎ the insurer's 2014 payouts, it would ignite an intriguing conflict between Lord Myners, …

  • Worldpay Owners Pick Goldman For £6bn Float Sky News - Fri, Apr 24, 2015 21:07 BST
    Worldpay Owners Pick Goldman For £6bn Float

    The owners of Worldpay, the UK-based payment processing group, are close to appointing bankers to prepare a stock market flotation that could value it at a staggering £6bn. Sky News has learnt that Advent International and Bain Capital, the two buyout firms which have controlled Worldpay since 2010, are on the verge of …

  • HSBC Launches Immediate Review Of UK Base Sky News - Fri, Apr 24, 2015 20:59 BST
    HSBC Launches Immediate Review Of UK Base

    HSBC has launched a review of the location of its headquarters that could see it leave the UK, Europe's biggest bank‎ confirmed. In a statement issued after Sky News exclusively revealed details of its plans, Douglas Flint, HSBC's chairman, said executives had been asked by the lender's board to undertake a review of its …

  • Comcast Spikes $45bn Bid For Time Warner Cable Sky News - Fri, Apr 24, 2015 17:04 BST
    Comcast Spikes $45bn Bid For Time Warner Cable

    Comcast Corp has dropped its $45bn (£29.7bn) bid for Time Warner Cable (Xetra: T3W1.DE - news) after US regulators said the deal would create an unfair market. The proposed merger of the two largest US cable companies would have put more than 32 million television and internet subscribers under the same roof. "The proposed …

  • HSBC Exit From UK HQ Adds Up For Investors Sky News - Fri, Apr 24, 2015 15:47 BST
    HSBC Exit From UK HQ Adds Up For Investors

    It is understandable that HSBC is being lobbied by its shareholders to look into relocating from the UK. This is a levy on the liabilities on a bank’s balance sheet but HSBC’s global banking rivals, such as JP Morgan, Citigroup (NYSE: C - news) and Deutsche Bank (Xetra: 514000 - news) , only pay it on their UK balance …

  • Apple Watch: 'No Queues' At Exclusive Launch Sky News - Fri, Apr 24, 2015 15:38 BST
    Apple Watch: 'No Queues' At Exclusive Launch

    Apple (NasdaqGS: AAPL - news) 's much-anticipated Watch device is released today - but unlike past launches do not expect hordes of hyped-up fans outside the company's stores. Apple’s retail boss, Angela Ahrendts, the former boss of Burberry, has said the Watch will not be available to walk up and buy until June. The …

  • HSBC Exit From UK HQ Adds Up For Shareholders Sky News - Fri, Apr 24, 2015 15:25 BST
    HSBC Exit From UK HQ Adds Up For Investors

    It is understandable that HSBC is being lobbied by its shareholders to look into relocating from the UK. This is a levy on the liabilities on a bank’s balance sheet but HSBC’s global banking rivals, such as JP Morgan, Citigroup (NYSE: C - news) and Deutsche Bank (Xetra: 514000 - news) , only pay it on their UK balance …

  • Greece Loan: 'Wide Differences' Remain On Deal Sky News - Fri, Apr 24, 2015 14:11 BST
    Greece Loan: 'Wide Differences' Remain On Deal

    The head of the so-called eurogroup of finance ministers has admitted "wide differences" remain on securing a loan deal for Greece, to keep it from a possible default. Dutch finance minister Jeroen Dijsselbloem was speaking after a meeting in Latvian capital Riga involving his 18 counterparts, including Yanis Varoufakis …

  • French Connection Shares Dive On Sales Warning Sky News - Fri, Apr 24, 2015 11:20 BST
    French Connection Shares Dive On Sales Warning

    The value of French Connection (LSE: FCCN.L - news) slumped 22% when share trading began on Friday after the company issued a warning on its sales. But French Connection was not immune from the warm autumn which hit the fashion chains' winter ranges last year. French Connection shares had lost 30% of their value ahead …

  • HSBC To Launch Immediate Review Of UK Base Sky News - Fri, Apr 24, 2015 09:33 BST
    HSBC Launches Immediate Review Of UK Base

    HSBC has launched a review of the location of its headquarters that could see it quit the UK, Europe's biggest bank‎ confirmed on Friday. In a statement issued after Sky News exclusively revealed details of its plans, Douglas Flint, HSBC’s chairman, said executives had been asked by the lender’s board to undertake a review …

  • 'Fuel Bank' To Help Meter Users Pay For Energy Sky News - Fri, Apr 24, 2015 09:29 BST
    'Fuel Bank' To Help Meter Users Pay For Energy

    People who disconnect their gas and electricity because they cannot afford to top up the meter are to get help from the UK's first fuel bank. The three-month trial will operate out of existing food banks, with struggling households receiving a £49 credit. One in six homes using energy meters disconnect supplies every …

  • 'Strong Flu Season' Boost For Nurofen Maker Sky News - Fri, Apr 24, 2015 08:50 BST
    'Strong Flu Season' Boost For Nurofen Maker

    Consumer goods group Reckitt Benckiser (Xetra: A0M1W6 - news) (RB) has credited a "strong flu season" for higher quarterly sales. The maker of Nurofen to Durex condoms said it enjoyed growth across all regions with total world sales rising 1% to £2.2bn in its first quarter.

  • Nasdaq Hits Record As Strong Earnings Impress Sky News - Fri, Apr 24, 2015 08:24 BST
    Nasdaq Hits Record As Strong Earnings Impress

    The Nasdaq Composite Index has reached a record high, 15 years on from the dot-com crash - and is on course to track higher still thanks to strong results from Google (Xetra: A0B7FY - news) and Amazon. Google, currently the second-largest firm on the Nasdaq, was just emerging and did not join the market until 2004 while …

  • 'Strong Flu Season' Boost For Durex Maker Sky News - Fri, Apr 24, 2015 08:23 BST
    'Strong Flu Season' Boost For Nurofen Maker

    Consumer goods group Reckitt Benckiser (Xetra: A0M1W6 - news) (RB) has credited a "strong flu season" for higher quarterly sales. The maker of Nurofen to Durex condoms said it enjoyed growth across all regions with total world sales rising 1% to £2.2bn in its first quarter.

  • Ideal Shopping Direct Owner Crafts £200m Sale Sky News - Fri, Apr 24, 2015 07:35 BST
    Car-Leasing Giant Revs Up £100m Windfall

    Sky News has learnt that the owners of Ideal Shopping Direct, which operates four television channels as well as a broader digital business, have appointed bankers at DC Advisory to capitalise on the company's strong growth prospects. A strategic review of the business has been ordered by Inflexion, the private equity …

  • AstraZeneca Braced For Investor Pay Protest Sky News - Fri, Apr 24, 2015 05:56 BST
    AstraZeneca Braced For Investor Pay Protest

    AstraZeneca (NYSE: AZN - news) is braced for dissent from leading investors over executive pay almost a year after it saw off a £69bn takeover bid from Pfizer (NYSE: PFE - news) . A number of investors are understood to have decided to vote against AstraZeneca's remuneration report because it has not explicitly linked …

  • Lib Dems: 'Labour May Wipe £10bn Off Economy' Sky News - Fri, Apr 24, 2015 00:51 BST
    Lib Dems: 'Labour May Wipe £10bn Off Economy'

    A Labour-led government could wipe £10bn off the British economy and add £800 a year to average mortgages as the markets panic, the Liberal Democrats warn. The party has prepared a dossier of opinions by financial institutions and think-tanks which indicates that Labour would add £4bn in interest on government debt. Chief …

  • Voters Left In Dark Over Spending Cuts, Says IFS Sky News - Thu, Apr 23, 2015 20:13 BST
    Voters Left In Dark Over Spending Cuts, Says IFS

    Voters are "somewhat in the dark"over the spending cuts planned by the four main parties, economists have warned with just two weeks to go to the General Election. The highly respected think-tank, the Institute for Fiscal Studies, has found that neither the Conservatives, Labour, the Liberal Democrats nor the SNP had given …

  • Deutsche Bank To Pay $2.5bn Rate Rigging Fine Sky News - Thu, Apr 23, 2015 17:08 BST
    Deutsche Bank To Pay $2.5bn Rate Rigging Fine

    Deutsche Bank (Xetra: 514000 - news) is to pay a total $2.5bn (£1.66bn) to settle a transatlantic rate-rigging probe. Germany's largest bank is to give the UK's Financial Conduct Authority (FCA) £227m and the rest to New York's State Department of Financial Services, the Commodity Futures Trading Commission and US Department …

  • US Drugs Firm Verseon Targets £230m AIM Float Sky News - Thu, Apr 23, 2015 14:30 BST
    US Drugs Firm Verseon Targets £230m AIM Float

    A California-based pharmaceuticals group is hoping to attract the attention of the UK's best-known fund manager by targeting a £230m stock market listing in London. Sky News understands that Verseon, which uses proprietary technology to assist in the drug discovery process, has appointed Cenkos, the investment bank, to …

  • Osborne Meets Deficit Reduction Target Sky News - Thu, Apr 23, 2015 12:21 BST
    Osborne Meets Deficit Reduction Target

    The Chancellor has met his 2014/15 deficit reduction target, with public borrowing for March falling to its lowest level since 2004. George Osborne dodged potential embarrassment just two weeks ahead of the General Election when the Office for National Statistics (ONS) confirmed public sector net borrowing, excluding …

  • Voters 'In Dark' Over Spending Cuts, Says IFS Sky News - Thu, Apr 23, 2015 11:50 BST
    Voters Left In Dark Over Spending Cuts, Says IFS

    Voters are "somewhat in the dark"over the spending cuts planned by the four main parties, economists have warned with just two weeks to go to the General Election. The highly respected think-tank, the Institute for Fiscal Studies, has found the Conservatives, Labour, the Liberal Democrats nor the SNP had not given "anything …

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