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  • Monarch Airlines handed reprieve to fly package holidays

    The Civil Aviation Authority has extended Monarch Airlines' ATOL licence for 12 days, amid "negative speculation" over the future of the airline. It now has until 12 October to satisfy the CAA that it has the finances to secure a full renewal of its ATOL licence. The extension comes after Monarch was forced to deny "negative …

  • British-backed bid kicked out of £11bn National Grid gas auction

    The prospect of a foreign takeover of the UK's biggest gas distribution network increased on Friday after the main British-backed offer was kicked out of the auction after being trumped by rivals. Sky News has learnt that a consortium including sovereign wealth funds from Abu Dhabi and Kuwait, as well as pension funds …

  • Monarch Airlines handed reprieve to fly package holidays

    The Civil Aviation Authority has extended Monarch Airlines' ATOL licence for 12 days, amid "negative speculation" over the future of the airline. The budget airline has until 12 October to satisfy the CAA that it has the finances to secure a renewal of its ATOL licence. In a statement, Monarch said it has received "significant" investment …

  • Monarch Airlines handed reprieve to fly package holidays

    The Civil Aviation Authority has renewed Monarch Airlines' ATOL licence, amid "negative speculation" over the future of the airline. More follows...

  • Deutsche shares recover on hopes of reduced US misconduct fine

    Speculation that Deutsche Bank (LSE: 0H7D.L - news) was on the verge of agreeing a reduced fine for alleged misconduct in the US helped its share price recover from new record lows on Friday. The stock initially opened 8% lower amid new fears about its funding - with a potential $14bn (£10.8bn) settlement for its activities …

  • Deutsche shares recover on hopes of reduced US misconduct fine

    Speculation that Deutsche Bank (LSE: 0H7D.L - news) was on the verge of agreeing a reduced fine for alleged misconduct in the US helped its share price recover from new record lows on Friday. The stock initially opened 8% lower amid new fears about its funding - with a potential $14bn settlement for its activities in …

  • The head of Deutsche insisted the bank was in rude financial health as he sought to draw a line under a week of turmoil.

  • Deutsche shares recover on hopes of reduced US misconduct fine

    The head of Deutsche Bank (LSE: 0H7D.L - news) has insisted the bank is in rude financial health as he sought to draw a line under a week of turmoil. John Cryan wrote to the bank's 100,000-strong workforce as the bank's shares hit new lows following renewed fears about its funding.

  • UK growth revised higher to 0.7% for second quarter

    UK growth for the second quarter has been revised up from 0.6% to 0.7%, official figures show.

  • Help to Buy housing scheme to close this year

    Help to Buy has become the latest flagship policy of David Cameron and George Osborne to be dumped by Theresa May's Government. The new Chancellor, Philip Hammond, has announced the scheme will be closed at the end of the year, though he insisted it was always due to finish then. It is the latest in a series of major …

  • Carmakers Nissan and Jaguar demand duty guarantees after Brexit

    Britain's two biggest carmakers are demanding guarantees from the Government over the impact from Brexit on their businesses before they commit to future investment. Nissan, whose Sunderland's car plant is Britain's biggest, wants the UK to pledge compensation for any tax barriers that may be raised as a result of leaving …

  • Carmakers Nissan and Jaguar demand duty guarantees after Brexit

    Britain's two biggest carmakers are demanding guarantees from the Government over the impact from Brexit on their businesses before they commit to future investment.

  • Deutsche shares recover on hopes of reduced US misconduct fine

    Fresh fears about Deutsche Bank (LSE: 0H7D.L - news) have seen its shares tumble to a new low and dragged wider markets into the red. The FTSE 100 Index opened more than 100 points lower, before paring back some of the losses. German and French markets also fell. After European trading closed on Thursday, it was reported that …

  • Children of 80s 'half' as wealthy as 70s kids, study says

    The report by the Institute for Fiscal Studies (IFS) found that the younger group, now in their early 30s, has average wealth of £27,000 per adult. The study explained that the thirty-somethings had missed out on better pensions, house price growth and stronger wage rises - with the impact of the financial crash hitting …

  • Carmakers Nissan and Jaguar demand duty guarantees after Brexit

    Nissan is demanding guarantees from the Government over the impact from Brexit on its business before it commits to future investment. The Japanese manufacturer, whose Sunderland's car plant is Britain's biggest, wants the UK to pledge compensation for any tax barriers that may be raised as a result of leaving the European …

  • Children of 80s 'half' as wealthy as 70s kids, study says

    The report by the Institute for Fiscal Studies (IFS) found that the younger group, now in their early 30s, has average wealth of £27,000 per adult. The study explained that the thirty-somethings had missed out on better pensions, house price growth and stronger wage rises - with the impact of the financial crash hitting …

  • Deutsche Bank fears send UK stocks tumbling

    Fresh fears about Deutsche Bank (LSE: 0H7D.L - news) have seen its shares tumble to a new low and dragged wider markets into the red. The FTSE 100 Index opened more than 100 points lower, before paring back some of the losses . It followed a report after European trading closed on Thursday that hedge fund clients had …

  • House price growth slows as market cools after Brexit vote

    House price growth slowed in September in the latest sign of the market coming off the boil after the Brexit vote. Prices rose by 5.3% compared with the same month last year, according to figures from ...

  • Deutsche Bank fears send UK stocks tumbling

    Fresh fears about Deutsche Bank (LSE: 0H7D.L - news) have seen its shares tumble again. The German lender opened 8% lower in Frankfurt after its US-listed stock fell 7% in the previous session. It followed a report that hedge fund clients had withdrawn excess cash and adjusted positions linked to Deutsche.

  • Carmakers Nissan and Jaguar demand duty guarantees after Brexit

    Nissan is demanding guarantees from the Government over the impact from Brexit on its business before it commits to future investment at Britain's biggest car plant. The Japanese manufacturer wants Britain to pledge compensation for any tax barriers that may be raised as a result of leaving the European Union. Nissan's …

  • Deutsche Bank fears send UK stocks tumbling

    Fresh fears about Deutsche Bank have seen its shares tumble again. The German lender saw its US-listed stock fall 7% in New York.

  • Hinkley nuclear plant deal officially signed in London

    Government ministers and stakeholders from the UK, France and China have attended a ceremony to officially agree the £18bn Hinkley Point C nuclear power station. A so-called contract for difference was signed in London by business secretary Greg Clark, Jean-Bernard Levy, chairman of French energy firm EDF (Paris: FR0010242511 …

  • National living wage: Firms report impact on hiring

    The Government has defended the national living wage as a survey of businesses finds damaging effects on workers. The British Chambers of Commerce (BCC) said a third of the 1,600 firms it questioned reported increases to their wage bills since the legislation took effect earlier this year. The independent Office for …

  • Internet domain giants join race for £1.3bn rival Host Europe

    Two of Europe's biggest providers of web hosting services are teaming up with private equity groups in a bid to win control of a British-based rival valued at more than £1bn. Sky News understands that Strato, which is owned by the German Deutsche Telekom, is working on a joint bid for Host Europe with the buyout firm Hellman …

  • Alton Towers visitors yet to recover a year after Smiler crash

    The owner of Alton Towers has said visitor numbers have not yet fully recovered more than a year after the horrific rollercoaster accident that saw it fined £5m. Merlin Entertainments (LSE: MERL.L - news) said numbers at the theme park had started to improve but that "absolute visitor volumes still remain some way below …

  • Outsourcing giant Capita slumps after Brexit-linked profit alert

    Shares (Berlin: DI6.BE - news) in outsourcing giant Capita (LSE: CPI.L - news) slumped by nearly a third at one stage on Thursday after it issued a profit warning partly linked to the Brexit vote. Shares tumbled by more than 30% following the warning, knocking around £2bn off Capita's market value - though later recovered …

  • Donald Trump's net worth 'plummets by $800m' Sky News - Thu, Sep 29, 2016 16:54 BST
    Donald Trump's net worth 'plummets by $800m'

    Donald Trump’s net worth has fallen by $800m (£614m) in less than a year, it has been reported. The Republican presidential candidate is now worth $3.7bn (£2.84bn) after his hotel management and licensing ...

  • Shares in oil giants BP and Shell surge on production cut deal

    Shares in Royal Dutch Shell and BP have surged after top oil producing countries agreed to cut production for the first time in eight years.

  • Price comparison sites face probe by competition watchdog Sky News - Thu, Sep 29, 2016 16:31 BST
    Price comparison sites face probe by competition watchdog

    The competition watchdog has launched an investigation into price comparison websites. It will look into whether sites such as moneysupermarket and Go Compare are working well for consumers, business and the economy.

  • Dr Liam Fox delivers bitter medicine to UK companies on exports

    International Trade Secretary Liam Fox recalled his previous career as a doctor telling patients what they needed to hear as he was tackled over his criticism of "lazy" company bosses. Pressed over these remarks following a speech in Manchester, Dr Fox, albeit less forthright than previously, repeated his claim the UK …

  • BA jettisons free snacks on shorter flights in favour of M&S food

    Economy class passengers on short-haul BA flights will no longer enjoy free snacks from next year. It comes five months after the appointment of new BA chief executive Alex Cruz, who previously ran Spanish no-frills carrier Vueling.

  • Samsung faces lawsuit over 'exploding' washing machines in the US

    Samsung has said it is investigating reports that some of its washing machines have exploded in the US. A class-action lawsuit filed in New Jersey is alleging some Samsung top-loading washing machines have exploded in their owners' homes. One of the plaintiffs in the case, Melissa Thaxton, said: "It was the loudest s …

  • A stream come true: Spotify with karaoke twist launches in Japan

    Spotify has unveiled plans to launch in Japan, with a new lyrics feature that is designed to appeal to the country's love for karaoke. Several of Spotify's rivals have been lured into setting up shop in Japan and vying for a slice of the $3bn (£2.31bn) market, only to close their services down. The streaming service is …

  • HP backtracks on software which blocks unofficial printer ink

    HP (Xetra: 7HP.DE - news) has apologised to its customers after a software update made some printers stop working with unofficial ink cartridges made by other manufacturers. HP's software update meant some users saw ink cartridges they had used for months suddenly stop functioning, leaving them with little choice but …

  • Brexit: Banks begin 'moving jobs' outside UK, recruiters warn

    The potential cost of negotiating Britain's departure from the European Union has been estimated at £65m a year, a report says.

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