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  • Calais Migrant Crisis: Firms Count The Cost Sky News - 1 hour 51 minutes ago
    Calais Migrant Crisis: Firms Count The Cost

    It costs £1 a minute to run an HGV (heavy goods vehicle), so when Operation Stack is enforced on Kent's roads - with waiting times often in excess of six hours - it can cost hundreds of pounds for companies trying to export to mainland Europe. Operation Stack involves parking - or stacking - up to 5,000 lorries on the …

  • NatWest, RBS In Online Banking Problems

    RBS (LSE: RBS.L - news) is investigating a fault with its online banking system, amid customers reporting they were unable to access their accounts. The bank's helpline on Twitter (Xetra: A1W6XZ - news) received dozens of messages from customers unable to log-in for online banking and the bank's mobile app earlier today. …

  • ITV Threatens Ministers Over Catch-Up Reforms

    ITV (LSE: ITV.L - news) is threatening ministers with legal action over plans that will force users of some digital catch-up TV services to buy a television licence as part of a radical overhaul of the BBC’s funding. Sky News has learnt that Adam Crozier, the company’s chief executive, has written to ministers to express …

  • NatWest, RBS In Online Banking Problems

    NatWest is investigating a fault with its online banking system, amid customers reporting they were unable to access their accounts. The bank's helpline on Twitter (Xetra: A1W6XZ - news) received dozens of messages from customers unable to log-in for online banking and the bank's mobile app earlier today. Many of those …

  • NatWest, RBS In Online Banking Problems

    NatWest is investigating a potential fault with its online banking system, amid claims some payments to customers haven't arrived. The bank's helpline on Twitter (Xetra: A1W6XZ - news) received dozens of messages from customers unable to log-in for online banking and using the bank's mobile app earlier today. Many of …

  • Greece Begins Talks For Third Bailout Of €85bn

    Greece has begun negotiations to secure a third bailout worth €85bn (£60bn) from creditors - even though the International Monetary Fund has warned it will be unable to help until key economic reforms are made. The talks are being held in Athens, and Finance Minister Euclid Tsakalotos has three weeks to reach a deal with …

  • Claims Firms Get £1.7bn From Lloyds PPI Scandal

    The boss of Lloyds Banking Group is demanding a crackdown on claims-handling firms as it emerged that they have reaped £1.7bn from Lloyds Banking Group's PPI mis-selling disaster. Sky News can exclusively reveal that internal estimates compiled by the UK's biggest high street lender suggest that up to £1.7bn is likely …

  • Claims Firms Get £1.7bn From Lloyds PPI Scandal

    The boss of Lloyds Banking Group is demanding a crackdown on claims-handling firms as it emerged that they have reaped £1.7bn from Lloyds Banking Group's PPI mis-selling disaster. Sky News can exclusively reveal that internal estimates compiled by the UK's biggest high street lender suggest that up to £1.7bn is likely …

  • IAG Profits Rise 40% As Aer Lingus Deal Nears

    The owner of British Airways has reported a 40% rise in quarterly profits - as it comes closer to completing a takeover of Irish carrier Aer Lingus (Other OTC: AELGF - news) . International Airlines Group posted operating profits of €530m (£372m) in the three months to 30 June, considerably ahead of its own supplied forecast …

  • Lloyds Sets Aside Extra £1.4bn For PPI Payouts

    Lloyds Banking Group is setting aside another £1.4bn to deal with claims over the mis-selling of Payment Protection Insurance. The PPI scandal continues to haunt the lender - and now its total provision for mis-selling claims has reached £13.4bn, with £2.2bn in that fund unutilised. According to its half-year results, …

  • IoD Chief Calls For Early EU Referendum

    The head of one of Britain's most influential business groups will urge David Cameron on Friday to hold the referendum on the UK's European Union (EU) membership next year and avoid an "inappropriate" delay. Sky News understands that Simon Walker, director-general of the Institute of Directors (IoD), will say on Friday …

  • British Gas Profit Up 99% As Owner Cuts Jobs Sky News - Thu, Jul 30, 2015 19:29 BST
    British Gas Profit Up 99% As Owner Cuts Jobs

    The parent company of British Gas is to cut 10% of its workforce, 4,000 staff, as it moves to counter falling oil and gas prices. While announcing its half-year results, Centrica (LSE: CNA.L - news) said it planned 6,000 job losses but would hire 2,000 new people as it set new priorities following a strategic review of …

  • Food Group Brakes Cooks Up £2.5bn Float Plan Sky News - Thu, Jul 30, 2015 15:30 BST
    Food Group Brakes Cooks Up £2.5bn Float Plan

    Brakes Group, the UK's biggest food distributor, has begun preparing for a stock market listing in London that could see it valued at up to £2.5bn. Sky News has learnt that Bain Capital, the private equity group which bought Brakes in 2007, has appointed investment bankers at Lazard to advise on a public share offering. …

  • US Records Second Quarter GDP Growth Of 2.3% Sky News - Thu, Jul 30, 2015 15:21 BST
    US Records Second Quarter GDP Growth Of 2.3%

    The recovery in US economic growth during the second quarter of the year missed expectations but a first quarter contraction in GDP was revised away in the latest official figures. The Commerce Department said higher consumer spending drove an annualised GDP increase of 2.3% between April and June. The signs of a strengthening …

  • US GDP Growth Disappoints In Second Quarter Sky News - Thu, Jul 30, 2015 14:10 BST
    US Records Second Quarter GDP Growth Of 2.3%

    The recovery in US economic growth during the second quarter of the year missed expectations but a first quarter contraction in GDP was revised away in the latest official figures. The Commerce Department said higher consumer spending drove an annualised GDP increase of 2.3% between April and June. The signs of a strengthening …

  • Leading City Hedge Fund Buys Atom Bank Stake Sky News - Thu, Jul 30, 2015 13:57 BST
    Leading City Hedge Fund Buys Atom Bank Stake

    One of London's top hedge funds is to buy a stake in Britain's first app-based lender just weeks after George Osborne hit challenger banks with a tax bombshell. Sky News has learnt that Marathon Asset Management is subscribing to part of a £25m share issue in Atom Bank which will be raised in the coming days. It will …

  • Amazon Raises The Stakes In Streaming Battle Sky News - Thu, Jul 30, 2015 13:53 BST
    Amazon Raises The Stakes In Streaming Battle

    The signing of Jeremy Clarkson, James May and Richard Hammond could be just what Amazon needs to give it the edge over rival Netflix (Xetra: 552484 - news) . The deal has caused a big stir in the world of video streaming and, with Top Gear's huge global following, is likely to lead to thousands of fans signing up. While …

  • Top Gear Trio Sign Deal For Amazon Car Show Sky News - Thu, Jul 30, 2015 12:55 BST
    Top Gear Trio Sign Deal For Amazon Car Show

    Former Top Gear hosts Jeremy Clarkson, Richard Hammond and James May have signed a deal for a new motoring show with Amazon. May's agent confirmed to Sky News that the programme will be available to Amazon Prime customers around the world. A statement on Amazon's website said the show on Prime Instant Video will be …

  • Google's Web Balloons Head To Sri Lanka Sky News - Thu, Jul 30, 2015 12:00 BST
    Google's Web Balloons Head To Sri Lanka

    Sri Lanka is set to become the first country in the world to have universal internet coverage thanks to 3G Google (Xetra: A0B7FY - news) balloons. The island nation has signed a deal with the technology giant to take part in its Project Loon programme, which sees balloons taking to the skies to act as Wi-Fi hubs to provide …

  • Shell Plans 6,500 Job Losses This Year Sky News - Thu, Jul 30, 2015 11:58 BST
    Shell Plans 6,500 Job Losses This Year

    Royal Dutch Shell has announced plans to cut 6,500 job losses this year as a result of the collapse in world oil prices. The London-listed oil firm warned that it was "planning for a prolonged downturn" ...

  • RBS Six-Month Loss As Fines And Charges Hit Sky News - Thu, Jul 30, 2015 10:54 BST
    RBS Six-Month Loss As Fines And Charges Hit

    Restructuring charges and fines took their toll on profitability at Royal Bank of Scotland (LSE: RBS.L - news) (RBS) in the first-half of the year. The part-nationalised group, which includes the NatWest and Ulster Bank brands in its stable, made a loss of £153m compared to a profit of £1.4bn in the same period last …

  • Tunisia Shootings And Greece Hit Thomas Cook Sky News - Thu, Jul 30, 2015 10:31 BST
    Tunisia Shootings And Greece Hit Thomas Cook

    Thomas Cook (Xetra: A0MR3W - news) expects its annual profits to take a £25m hit from the terror attack in Tunisia last month and travellers' fears around trips to Greece. But it said that cancellations of holidays to Tunisia following the Sousse beach resort shootings, which left 30 British nationals and eight other …

  • Calais Migrants: Security Tightened At Tunnel Sky News - Thu, Jul 30, 2015 09:37 BST
    Calais Migrants: Security Tightened At Tunnel

    French police have beefed up security at the Channel Tunnel to avoid migrants forcing their way onto railway platforms for another night. An extra 120 riot police have been drafted into Calais to cope with the crisis, which has seen one Sudanese man die and 3,500 migrants storm the tunnel over the last two nights. Until …

  • Security Boost After Migrants Storm Eurotunnel Sky News - Thu, Jul 30, 2015 09:35 BST
    Calais Migrants: Security Tightened At Tunnel

    French police have beefed up security at the Channel Tunnel to avoid migrants forcing their way onto railway platforms for another night. An extra 120 riot police have been drafted into Calais to cope with the crisis, which has seen one Sudanese man die and 3,500 migrants storm the tunnel over the last two nights. Until …

  • British Gas Profit Up 99% As Owner Cuts Staff Sky News - Thu, Jul 30, 2015 09:33 BST
    British Gas Profit Up 99% As Owner Cuts Jobs

    The parent company of British Gas is to cut 10% of its workforce, 4,000 staff, as it moves to counter falling oil and gas prices. While announcing its half-year results, Centrica (LSE: CNA.L - news) said it planned 6,000 job losses but would hire 2,000 new people as it set new priorities following a strategic review of …

  • Calais Migrant Crisis: Extra Police Guard Tunnel Sky News - Thu, Jul 30, 2015 08:51 BST
    Calais Migrants: Security Tightened At Tunnel

    French police have beefed up security at the Eurotunnel (Paris: FR0010533075 - news) to avoid migrants forcing their way onto railway platforms for another night. An extra 120 riot police have been drafted into Calais to cope with the crisis, which has seen one Sudanese man die and 3,500 migrants storm the tunnel over …

  • British Gas Profit Up 99% As Parent Cuts Staff Sky News - Thu, Jul 30, 2015 07:47 BST
    British Gas Profit Up 99% As Owner Cuts Jobs

    The parent company of British Gas is to cut 10% of its workforce, 4,000 staff, as it moves to counter falling oil and gas prices. While announcing its half-year results this morning, Centrica (LSE: CNA.L - news) said it planned 6,000 job losses but it would hire 2,000 new people as it set new priorities following a strategic …

  • British Gas Parent To Cut Workforce By 10% Sky News - Thu, Jul 30, 2015 07:33 BST
    British Gas Profit Up 99% As Owner Cuts Jobs

    The parent company of British Gas is to cut 10% of its workforce, 4,000 staff, as it moves to counter falling oil and gas prices. British Gas made an adjusted operating profit of £528m in the six months to 30 June - up 99% on the same period last year. But Ann Robinson, director of consumer policy at uSwitch.com, claimed …

  • Facebook Optimistic As Mobile Ad Revenues Soar Sky News - Thu, Jul 30, 2015 02:12 BST
    Facebook Optimistic As Mobile Ad Revenues Soar

    Facebook (NasdaqGS: FB - news) has enjoyed "another strong quarter" of growth - despite quarterly profits falling by 9%. The social network has been investing heavily in mobile advertising, and the development of two recent acquisitions: the photo-sharing app Instagram and the WhatsApp messaging service. Even (Taiwan …

  • Lord Coe's Agency Chimes With Providence Bid Sky News - Wed, Jul 29, 2015 23:15 BST
    Lord Coe's Agency Chimes With Providence Bid

    The marketing services group which owns Lord Coe's sports agency is in advanced talks about a takeover valuing it at more than £350m. Sky News can reveal that Chime Communications (LSE: CHW.L - news) has received a joint bid approach from Providence Equity, one of the world’s biggest buyout firms, and WPP Group, Chime’s …

  • One Killed As 1,500 Migrants Storm Eurotunnel Sky News - Wed, Jul 29, 2015 19:45 BST
    One Killed As 1,500 Migrants Storm Eurotunnel

    One man has died after 1,500 migrants tried to make their way to the Eurotunnel (Paris: FR0010533075 - news) platforms overnight - among 37,000 who have been stopped since January. Eurotunnel spokesman John Keefe said none of the 1,500 who tried to break through the fences to the tunnel's platform on Tuesday night were …

  • Taking The Mickey? EU Probe Into Disney Prices Sky News - Wed, Jul 29, 2015 14:58 BST
    Taking The Mickey? EU Probe Into Disney Prices

    Disneyland Paris is being investigated by the EU for allegedly overcharging British and German visitors. The probe, which follows complaints from members of the public, is the first move in a wider campaign against price discrimination in Europe, known as geo-blocking. It has emerged that in some cases French consumers …

  • Packaged Bank Accounts Q&A: The Next PPI? Sky News - Wed, Jul 29, 2015 14:12 BST
    Packaged Bank Accounts Q&A: The Next PPI?

    The revelation by Barclays (LSE: BARC.L - news) that it has set aside £250m to cover the costs of redress on packaged bank accounts has raised the spectre of another big mis-selling scandal for banks. :: What are packaged bank accounts? Packaged bank accounts are simply accounts which charge monthly fees and contain …

  • China's HNA To Seal £2.3bn Swissport Takeover Sky News - Wed, Jul 29, 2015 12:56 BST
    China's HNA To Seal £2.3bn Swissport Takeover

    Swissport, the baggage-handler at the centre of a crisis at Gatwick Airport last year, is on the verge of being sold to a Chinese conglomerate for more than £2bn. Sky News has learnt that HNA Group is expected to sign a deal to acquire Swissport International later from PAI Partners, the buyout firm, later on Wednesday. …

  • Singapore Cash To Pay For Northern Powerhouse Sky News - Wed, Jul 29, 2015 12:44 BST
    Singapore Cash To Pay For Northern Powerhouse

    The Prime Minister's concept of a northern powerhouse took off today with most of the Singaporean leadership saying they'd pour funds into northern England. Some of that money alongside private Singaporean investment is now heading to the M62. Mr Cameron personally insisted on running the first ever northern powerhouse …

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