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  • Ministers Plot Exit From £4bn Green Bank

    Ministers have drawn up secret plans to sell the Government's entire shareholding in its £4bn Green Investment Bank (GIB) in an attempt to secure a bigger-than-expected windfall from the privatisation. The three bidders are now undertaking due diligence on the GIB and its portfolio of investments.

  • Ticket Websites 'Must Do More To Identify Touts'

    More needs to be done to help people identify ticket touts online, according to a report commissioned by the government. It (Other OTC: ITGL - news) is recommending that companies like Stubhub or Tickemaster should take measures to stop potential ‘touts’ buying tickets in bulk to sell on at an inflated price. He said …

  • Oil Price Tops $50 As Canada Fires Fuel Recovery

    The barrel price of Brent Crude oil, which is seen as the global benchmark of oil industry performance, has reached $50 for the first time in 2016 as supply problems due to wildfires in Canada continue to have an impact. The oil industry has been in turmoil over the past several years, with the price of Brent Crude hitting …

  • Javid: Pensions Changes Will Only Apply To Tata

    Any changes to Tata Steel (BSE: TATASTEEL.BO - news) 's pension scheme will only apply to the company and will not pave the way for others to follow, the Government has said. The Business Secretary Sajid Javid said he was "wary of setting a precedent" as efforts continue to find a buyer for the firm's UK operations.  …

  • McDonald's French HQ Raided In Tax Fraud Probe

    The French headquarters of McDonald's were raided last week as part of a tax fraud probe, police say. Financial and tax crime officials searched the company's premises near Paris on 18 May, seizing documents, ...

  • £70m Sorrell Pay Deal Gains ISS Backing

    A £70m pay deal for Sir Martin Sorrell, the chief executive of WPP Group, is on course to avoid a major shareholder revolt after receiving the support of one of the world's top voting advisory firms. Sky News has learnt that Institutional Shareholder Services (ISS (LSE: 0QRS.L - news) ), which represents approximately …

  • Mortgage Lending Dips After Stamp Duty Spike

    The number of mortgage approvals has fallen to its lowest level in over a year, after the rise in stamp duty rates took effect in April. A total of 40,104 mortgages got the go-ahead in April, down from 43,854 in March, according to a report by the British Bankers' Association. On 1 April, stamp duty rates increased by …

  • Alan Sugar: Brexit Would Be A 'Disaster' For UK

    The Government's new enterprise tsar Alan Sugar has told Sky News that leaving the European Union would lead to a "disaster" for the UK. The Apprentice TV star said: "We have to stay in. He said the UK sells to 500 million consumers in Europe and the goods "flow freely".

  • Eurostar Launches Fare Offer For Facebook Users

    Eurostar has announced that their lowest fare offers will only be available to users with a Facebook (NasdaqGS: FB - news) account. The cross-Channel operator has launched a website named Snap which allows passengers to buy one-way tickets from just £25, as long as they log in to the social network to buy them. Snap's …

  • Brexit Would Cost UK £40bn, Warns Report

    Respected think-tank the Institute for Fiscal Studies has dismissed claims it is an EU "propaganda arm" after warning that Brexit would cost the UK up to £40bn. Vote Leave rubbished the IFS report on the effect of Brexit as "biased" saying that the organisation was unlikely to be critical of Britain’s membership because …

  • Complaints Over Payday Loans Triple In A Year

    New figures from the Financial Ombudsman reveal that disputes over payday loans increased by 178% in the year to March despite the fact that new controls and caps have been introduced in an attempt to regulate the system. Rules introduced in January 2015 mean that interest rates on payday loads are capped at 0.8% per day, …

  • Ministers To Unveil Tata Steel Pension Revamp

    Ministers will this week unveil proposals that would slash billions of pounds from the liabilities of the British Steel pension scheme as they seek to smooth a path for a buyer of Tata Steel (BSE: TATASTEEL.BO - news) 's UK operations. Sky News has learnt that the Government is expected to launch a consultation later …

  • Alan Sugar Appointed Enterprise Tsar ... Again Sky News - Wed, May 25, 2016 23:11 BST
    Alan Sugar Appointed Enterprise Tsar ... Again

    New (KOSDAQ: 160550.KQ - news) enterprise tsar Alan Sugar has told Sky News that leaving the European Union would be a "disaster" for the UK. The Apprentice star said: "We have to stay in. Lord Sugar claimed those who want to quit the EU "pluck certain statistics out of mid-air but do not articulate as to what will happen …

  • M&S boss sets out price cut plan Sky News - Wed, May 25, 2016 21:28 BST
    New M&S Boss Sets Out Price Cutting Plan

    New Marks & Spencer's boss Steve Rowe has pledged to cut prices and put more staff in stores as he sets out to revive the fortunes of the high street giant.

  • Coca-Cola To Pass On 'Majority' Of Sugar Tax Sky News - Wed, May 25, 2016 20:55 BST
    Coca-Cola To Pass On 'Majority' Of Sugar Tax

    Coca-Cola has told Sky News it would expect to pass on the "majority" of the Government's planned sugar tax to its customers. In an exclusive interview, Jon Woods, the company's general manager for the UK and Ireland (Other OTC: IRLD - news) , said while no decisions had been made yet it was likely that shoppers would …

  • HSBC To Appoint New Boardroom Pay Chief Sky News - Wed, May 25, 2016 17:53 BST
    HSBC To Appoint New Boardroom Pay Chief

    HSBC is to seek a new chair for its boardroom pay committee as the incumbent prepares to step down after nearly a decade as a director. Sky News has learnt that Sam Laidlaw, the former boss of Centrica (LSE: CNA.L - news) , is likely to leave the board of HSBC Holdings (HKSE: 0005.HK - news) during the course of 2017, …

  • Former Mothercare Boss In Last-Minute BHS Bid Sky News - Wed, May 25, 2016 16:52 BST
    Former Mothercare Boss In Last-Minute BHS Bid

    A consortium led by former Mothercare (Other OTC: MHCRF - news) and Arcadia executive Greg Tufnell has emerged as a last-minute potential bidder for collapsed retailer BHS. Mr Tufnell, brother of former England cricketer Phil Tufnell, reportedly heads the newly formed Richess Group, backed by Portuguese investors. Mr …

  • Tata Board Still Considering UK Steel Bids Sky News - Wed, May 25, 2016 16:31 BST
    Tata Board Still Considering UK Steel Bids

    The board of Indian steel giant Tata is still considering a number of bids for its business employing thousands of workers in the UK. The company spoke up following a meeting in Mumbai today. Its executive director Koushik Chatterjee told reporters that while it had identified short-listed bidders, they still needed to …

  • Thomas Cook Cabin Crew Back Strike Action Sky News - Wed, May 25, 2016 16:23 BST
    Thomas Cook Cabin Crew Back Strike Action

    Thomas Cook (Xetra: A0MR3W - news) cabin crew have voted in support of strike action in a row over rest breaks - placing the threat of disruption over summer holidays. The result of the ballot was made public by the Unite union just days after the wider parent company lost almost a fifth of its market value when it admitted …

  • Model Agencies Accused Of Price Collusion Sky News - Wed, May 25, 2016 16:21 BST
    Model Agencies Accused Of Price Collusion

    Five top UK model agencies have been accused of colluding to fix prices, in a move the competition watchdog said may have raised high street fashion prices. The Competition and Markets Authority (CMA), which carried out a series of raids on offices last year, said the agencies could face fines of up to 10% of their turnover …

  • Top Model Agencies Facing Price Fix Claims Sky News - Wed, May 25, 2016 15:20 BST
    Top Model Agencies Facing Price Fix Claims

    Five top model agencies face accusations by the competition regulator that they colluded to fix prices charged to fashion brands and retailers. The claims against the agencies and their trade body, the Association of Model Agents (AMA), follow an investigation launched in March last year by the Competition and Markets …

  • Tata Board Meets To Consider UK Steel Bids Sky News - Wed, May 25, 2016 13:32 BST
    Tata Board Still Considering UK Steel Bids

    The board of Indian steel giant Tata is meeting to weigh up bids for its business employing thousands of workers in the UK. Prime Minister David Cameron said there had been an encouraging number of serious offers for the assets and that the Government was doing everything it could to help - though there were no guarantees …

  • Former Comet Owner Plots Fitness First Bid Sky News - Wed, May 25, 2016 12:50 BST
    Former Comet Owner Plots Fitness First Bid

    The controversial former owner of Comet, the collapsed electrical goods retailer, is plotting a takeover of Fitness First's British operations. Sky News has learnt that Opcapita, a vehicle set up by former banker Henry Jackson, is one of several parties preparing bids for the UK division of what was once the country's …

  • Oil Giant Shell Cuts Further 475 UK Jobs Sky News - Wed, May 25, 2016 11:57 BST
    Oil Giant Shell Cuts Further 475 UK Jobs

    Royal Dutch Shell (Xetra: A0ET6Q - news) is cutting an additional 2,200 jobs including 475 in its North Sea business as the industry continues to struggle. It (Other OTC: ITGL - news) takes the total number of jobs cut in the region by Shell (LSE: RDSB.L - news) since the start of 2014 to nearly 1,000. Paul Goodfellow, …

  • Vote Leave 'Wrong' On Claims Of Brexit Savings Sky News - Wed, May 25, 2016 10:09 BST
    Vote Leave 'Wrong' On Claims Of Brexit Savings

    The UK may have to accept two more years of austerity if it votes to leave the European Union, according to the Institute of Fiscal Studies (IFS). A new report from the think-tank has warned a Brexit could see public finances take a £20bn to £40bn hit in 2019/20. It (Other OTC: ITGL - news) has also questioned claims …

  • Marks & Spencer Profit Up 4.3% To £689.6m Sky News - Wed, May 25, 2016 07:24 BST
    New M&S Boss Sets Out Price Cutting Plan

    Marks & Spencer has reported a 4.3% rise in underlying profits to £689.6m for the year to the start of April. The annual results were the first under new chief executive Steve Rowe - following the departure ...

  • Today's Teens 'To Earn £1m' By 46th Birthday Sky News - Wed, May 25, 2016 05:44 BST
    Today's Teens 'To Earn £1m' By 46th Birthday

    Analysis of earnings data from the Office for National Statistics suggests the typical 18-year-old who enters the world of work this year will earn a total of £1m by 2044, when they will be 46. But where you live could have an effect on how soon you achieve seven-figure lifetime earnings.

  • Seven-Day Switch Plan Would Mean 'Better Deals' Sky News - Wed, May 25, 2016 04:59 BST
    Seven-Day Switch Plan Would Mean 'Better Deals'

    Services included under the proposals in the Digital Economy Bill range from broadband networks, mobile phones and energy providers as well as mortgages. Although many bank accounts offer a seven-day switching service, other services can take considerably longer - and changing mortgage lenders currently takes up to eight …

  • New Greek Bailout Package 'Is A Breakthrough' Sky News - Wed, May 25, 2016 04:27 BST
    New Greek Bailout Package 'Is A Breakthrough'

    EU officials have described a new Greek bailout package worth €10.3bn (£7.9bn) as a "major breakthrough" - days after the country approved painful tax increases and budget cuts. The deal also includes the prospect of debt relief for Athens in the form of lower interest rates and an extension on loan repayment deadlines …

  • HMRC Call-Handling Woes 'Cost Taxpayers £97m' Sky News - Wed, May 25, 2016 00:56 BST
    HMRC Call-Handling Woes 'Cost Taxpayers £97m'

    Call-handling delays by HMRC has cost personal taxpayers £97m in the last financial year, according to the Government spending watchdog. The National Audit Office (NAO) said staff cuts at a time when HM Revenue & Customs (HMRC) was rolling out its digital strategy resulted in poor customer service. Its report said: "The …

  • PPF Wants BHS Liquidator Amid Rescue Talks Sky News - Wed, May 25, 2016 00:50 BST
    PPF Wants BHS Liquidator Amid Rescue Talks

    The largest unsecured creditor in BHS has asked administrators to line up liquidators for the high street chain as talks about a rescue deal that could save 11,000 jobs enter their final stages. Sky News has learnt that the Pension Protection Fund (PPF) has held talks in recent days with BHS's administrator, Duff & Phelps, …

  • Google Paris HQ Raided In French Tax Probe Sky News - Tue, May 24, 2016 21:20 BST
    Google Paris HQ Raided In French Tax Probe

    Investigators have raided the Paris headquarters of Google as part of a probe over tax payments. France's financial prosecutor confirmed the raid which was reported to have taken place in the early hours of the morning. Countries including France and Britain have long complained at the way a number of technology firms …

  • Pub Boss To Hold Brexit Chats With Drinkers Sky News - Tue, May 24, 2016 17:59 BST
    Pub Boss To Hold Brexit Chats With Drinkers

    Customers hoping for a quiet pint and a packet of peanuts at their local Wetherspoon pub may get more than they bargained for as boss Tim Martin drops in for a chat about the EU referendum. Mr Martin, chairman of JD Wetherspoon and one of the most prominent business campaigners in favour of a Leave vote, is visiting …

  • Twitter Expands 140-Character Limit On Tweets Sky News - Tue, May 24, 2016 16:31 BST
    Twitter Expands 140-Character Limit On Tweets

    Twitter has confirmed rumours it is going to stop counting attachments in its 140-character limit, giving users leeway to be more wordy. Photos, videos and other media will no longer be part of the strict ...

  • Brexit Migration Drop Bad For Economy - Study Sky News - Tue, May 24, 2016 16:08 BST
    Brexit Migration Drop Bad For Economy - Study

    A reduction in net migration would have a "significant negative impact on the public finances", the National Institute of Economic and Social Research found. NIESR said the research, which they claimed was the most comprehensive analysis of the long-term effect of immigration on the UK economy, found the impact would take …

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