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  • Ex-BHS Boss Green Demands Field Quits Inquiry Sky News - 1 hour 0 minutes ago
    Ex-BHS Boss Green Demands Field Quits Inquiry

    A row has broken out over the parliamentary inquiries into the collapse of BHS, with the chain's former owner Sir Philip Green calling on Frank Field to quit his leading role. Sir Philip claimed the MP, who chairs the Work and Pensions committee, was "prejudiced" because he had suggested the tycoon be stripped of his knighthood …

  • Job Satisfaction Dives To Hit 'Two-Year Low' Sky News - 1 hour 8 minutes ago
    Job Satisfaction Dives To Hit 'Two-Year Low'

    Employers are being urged to rethink their approach to staff as a survey finds almost a quarter of UK workers are looking for new work amid a plunge in job satisfaction. A survey of 2,000 people by the Chartered Institute of Personnel and Development (CIPD) found that more than one in four were unhappy with opportunities …

  • Trump Says Britain Is Better Off Outside EU

    Donald Trump says the UK is "better off without" the EU, citing the migration crisis as one of the reasons he supports Brexit. The presumptive Republican presidential nominee was asked what his opinion of Brexit was during an interview with Fox News.

  • Griggs Probes Impact Of Bank Branch Closures

    Britain's biggest banks will attempt to head off renewed criticism of their branch closure programmes on Friday even as their high street presence shrinks at an unprecedented rate. Sky News has learnt that the British Bankers’ Association (BBA) will announce that Russell Griggs has been appointed as the independent reviewer …

  • Ex-BHS Boss Green Demands Field Quits Inquiry

    Former BHS owner Sir Philip Green has urged MPs investigating the collapse of the retailer to end his "trial by media". Sir Philip has been called to give evidence to the Business and Work and Pensions select committees over the collapse of the department store, a year after he sold it for just £1. He went on to say that …

  • Alibaba Shrugs Off China Woes As Sales Surge

    Chinese e-commerce giant Alibaba has shrugged off the country's economic woes as it posted a 39% rise in revenues driven by a surge in sales via mobile devices. US-listed shares in the business, founded by flamboyant entrepreneur Jack Ma, rose following the results for the fourth quarter to the end of March – despite a …

  • Economic Slowdown May Be Gathering Momentum

    There is growing evidence that UK economic growth is stalling in the run-up to the EU referendum following the publication of closely watched activity surveys. The readings for output in the other two major constituents of the UK economy earlier this week also failed to meet the expectations of economists. Chris Williamson, …

  • Japan PM Warns Brexit Will Deter Investors

    Japan's prime minister Shinzo Abe has warned that leaving the EU would make the UK less attractive for its companies to invest. The intervention, during a Downing Street news conference alongside David Cameron, follows a warning on Brexit from US president Barack Obama. Mr Abe, who leads the world's third largest economy, …

  • Centrica Stock Falls 10% On Share Sale Plans

    The owner of British Gas has announced plans to raise £750m from the sale of shares to pay off debts and protect its credit ratings in the process. Centrica (LSE: CNA.L - news) , which like rivals has come under pressure from the collapse in world energy costs, said it would be placing 350 million shares - equivalent …

  • Tobacco Firms Lose Packet Legal Challenge

    Europe's highest court has rejected a legal challenge by tobacco firms against standardised packaging rules for cigarettes. The ruling, at the European Court of Justice, essentially dismissed complaints that changes to EU laws went beyond what was necessary on health grounds. It (Other OTC: ITGL - news) also paves the …

  • New Day Paper Ditched After Nine Weeks

    The first new national newspaper in the UK for 30 years is to close, just nine weeks after its launch, due to weak sales.

  • Paper's Demise Does Not Mean Fleet St Is Dead

    Criticism is being particularly targeted at Simon Fox, chief executive of Trinity Mirror (LSE: TNI.L - news) , the parent company of The New Day. The numbers are not particularly pleasant reading for Trinity Mirror shareholders. During its nine weeks of existence, The New Day’s circulation has fallen from around 150,000 …

  • Economic Slowdown May Be Gathering Momentum

    There is growing evidence that UK economic growth is stalling in the run-up to the EU referendum following the publication of closely-watched activity surveys. The readings for output in the other two major constituents of the UK economy earlier this week also failed to meet the expectations of economists. Chris Williamson, …

  • Council Gives Green Light To Lamborghini Taxi

    Residents in Wolverhampton can now book a neon green supercar as a taxi to get them from A to B in style. The city council claims it is the first Lamborghini to be issued with a private hire cab licence in the UK. City firm Special Wedding Cars has registered the luxury set of wheels with the council and it can be booked …

  • BT pledges £6bn fibre upgrade Sky News - 22 hours ago
    BT Pledges £6bn Fibre Upgrade As Ofcom Lurks

    BT has announced a £6bn investment in broadband and 4G coverage as its Openreach division faces regulatory pressure.

  • BT Pledges £6bn Fibre Upgrade As Ofcom Lurks

    BT has announced a £6bn investment in broadband and 4G coverage as its Openreach division faces regulatory pressure. BT also pledged to lay fibre optic lines to around two million premises across the UK - with investment focusing on new housing developments, high streets and business parks through the replacement of ageing …

  • The New Day Paper Ditched After Nine Weeks Sky News - Thu, May 5, 2016 07:21 BST
    The New Day Paper 'To Close' After Nine Weeks

    Trinity Mirror said that while the title had received "many supportive reviews" its circulation had been below expectations.

  • The New Day Paper 'To Close' After Nine Weeks Sky News - Thu, May 5, 2016 00:41 BST
    New Day Paper Ditched After Nine Weeks

    The New Day newspaper is to close after just nine weeks, according to reports. The daily newspaper, published by Trinity Mirror (LSE: TNI.L - news) , is understood to be publishing its final edition on Friday. According to The Spectator's Steerpike blog, the company's chief executive Simon Fox had made clear that the …

  • Airbag Recall More Than Doubles To 69 Million Sky News - Wed, May 4, 2016 21:47 BST
    Airbag Recall More Than Doubles To 69 Million

    Japanese manufacturer Takata (Frankfurt: 7TK.F - news) is recalling 35-40 million more airbag inflators in the US, more than doubling what is already the largest recall ever in America's car industry. It (Other OTC: ITGL - news) means the total number of inflators to be replaced will rise to up to 69 million, a huge …

  • New Day Newspaper 'To Close' After Nine Weeks Sky News - Wed, May 4, 2016 21:39 BST
    New Day Newspaper 'To Close' After Nine Weeks

    The New Day newspaper is to close after just nine weeks, according to reports. The daily newspaper, published by Trinity Mirror, is understood to be publishing its final edition on Friday. According to ...

  • Barclays Offer Sees Return Of 100% Mortgages Sky News - Wed, May 4, 2016 20:23 BST
    Barclays Offer Sees Return Of 100% Mortgages

    Barclays (LSE: BARC.L - news) has launched a 100% mortgage – the first time such a product has been made widely available since the financial crisis. Barclays also emphasised that it would carry out a full affordability check on borrowers. Under the Barclays deal, the 10% guarantee would be returned to the "helper" with …

  • Tobacco Firms Lose Plain Packet Challenge Sky News - Wed, May 4, 2016 18:41 BST
    Tobacco Firms Lose Packet Legal Challenge

    Europe's highest court has rejected a legal challenge by tobacco firms against standardised packaging rules for cigarettes. The ruling, at the European Court of Justice, essentially dismissed complaints that changes to EU laws went beyond what was necessary on health grounds. It (Other OTC: ITGL - news) also paves the …

  • Next Reduces Full Price Sales Guidance Sky News - Wed, May 4, 2016 17:24 BST
    Next Reduces Full Price Sales Guidance

    Next (Other OTC: NXGPF - news) has issued another downbeat trading statement, lowering its guidance on full price sales for its current financial year. The FTSE 100 firm, which had previously warned that the year could prove the toughest since the financial crisis , said annual profits could also be dented further after …

  • Sainsbury's Reports Annual Profits Of £548m Sky News - Wed, May 4, 2016 17:21 BST
    Sainsbury's Reports Annual Profits Of £548m

    Sainsbury (Amsterdam: SJ6.AS - news) 's is back in the black - reporting annual pre-tax profits of £548m following a £72m loss in the previous 12-month period. But underlying results, stripping out big accounting charges a year ago, showed a 14% decline - disappointing the City and sending shares 6% lower. Sainsbury's reported …

  • Shell Cuts Investment By 10% As Profits Fall Sky News - Wed, May 4, 2016 17:09 BST
    Shell Cuts Investment By 10% As Profits Fall

    The results were the first since the firm completed its £35bn takeover of BG Group (EUREX: 1007667.EX - news) which the company's chief executive said provided a unique opportunity to "simplify the company". Commenting on the fall in investment, he said the move "shows that the company is making operational progress …

  • Indians Put Fashion Chain East Up For Sale Sky News - Wed, May 4, 2016 16:52 BST
    Indians Put Fashion Chain East Up For Sale

    East, the high street fashion chain, has been put up for sale by its Indian owner less than a year after it was rescued from a stint in administration. Sky News understands that Fabindia, which has been East's controlling shareholder since 2012, has begun sounding out prospective buyers for the chain, which has just over …

  • Apple Loses Suit Against 'iPhone' Wallet Maker Sky News - Wed, May 4, 2016 14:28 BST
    Apple Loses Suit Against 'iPhone' Wallet Maker

    Apple (LSE: 0R2V.L - news) has lost a legal battle to stop a leather goods company in China from using the phrase "iPhone" on its products. A court in Beijing ruled the US tech giant had failed to prove its iPhone was a "famous brand" across China before the small firm applied for the "iPhone" trademark in 2007. Apple …

  • Wonga Losses Soar As Payday Price Cap Bites Sky News - Wed, May 4, 2016 13:40 BST
    Wonga Losses Soar As Payday Price Cap Bites

    Britain's biggest payday lender saw losses double last year as a price cap imposed by the City regulator triggered a sharp fall in revenues. Wonga Group recorded a pre-tax loss of £80.2m in 2015, compared to £38.1m a year earlier, raising questions about the ability of one of the UK's most controversial financial services …

  • Tennis ball-sized diamond goes up for auction Sky News - Wed, May 4, 2016 13:40 BST
    Tennis Ball-Sized Diamond Goes Up For Auction

    A diamond the size of a tennis ball is being put up for public auction, with estimates it could fetch in excess of £48m. The 1,109-carat Lesedi la Rona diamond was unearthed by the Canadian-based firm Lucara Diamond Corp in Botswana last November. It is the second largest gem-quality rough diamond ever discovered.

  • Three Years Of Shop Price Falls A 'Remedy' Sky News - Wed, May 4, 2016 13:03 BST
    Three Years Of Shop Price Falls A 'Remedy'

    A retail industry body is hoping the third anniversary of falling shop prices will prove a "strong remedy" to consumer confidence. The British Retail Consortium (BRC)/Nielsen Shop Price Index for April measured annual store deflation at 1.7% - unchanged from the previous month. Overall non-food deflation accelerated to …

  • Buy-To-Let Sale Collapses Amid Brexit Fear Sky News - Wed, May 4, 2016 12:21 BST
    Buy-To-Let Sale Collapses Amid Brexit Fear

    A £400m auction of one of the UK's fastest-growing buy-to-let mortgage lenders has collapsed amid investor concerns about the impact of a possible 'Brexit' on Britain's housing market. Sky News has learnt that bidders for Charter Court Financial Services - which owns the Exact and Precise Mortgage brands - were informed …

  • Sir Philip Green Agrees To Face MPs Over BHS Sky News - Wed, May 4, 2016 10:29 BST
    Sir Philip Green Agrees To Face MPs Over BHS

    Former BHS owner Sir Philip Green has agreed to appear before MPs investigating the collapse of the retailer. Sir Philip, who sold the company for £1 last year, is accused by Labour of taking millions in dividend payments while the firm was heading towards a crash. The parliamentary hearing, as part of a joint inquiry …

  • UK 'Turning Blind Eye' To Russian Dirty Money Sky News - Wed, May 4, 2016 09:46 BST
    UK 'Turning Blind Eye' To Russian Dirty Money

    British authorities are refusing to investigate evidence of "dirty" Russian money being laundered through UK companies and banks because they don't want to "rock the boat", a former hedge fund boss has told MPs. Bill Browder claimed he had lodged six complaints relating to £20m of stolen funds - but law enforcement agencies …

  • Next Shares Fall On Lower Sales Guidance Sky News - Wed, May 4, 2016 08:51 BST
    Next Reduces Full Price Sales Guidance

    Shares (Berlin: DI6.BE - news) in Next (Other OTC: NXGPF - news) fell almost 2% at the start of Wednesday trading - erasing further market value from the fashion retailer after it lowered its guidance on full price sales. The FTSE 100 firm, which had previously warned that its current financial year could prove the  …

  • Govt Urged To Consider Halting Saudi Arms Sales Sky News - Wed, May 4, 2016 01:00 BST
    Govt Urged To Consider Halting Saudi Arms Sales

    Members of an influential parliamentary committee have called on the Government to consider suspending arms sales to Saudi Arabia following claims the kingdom and its allies have broken international humanitarian law by bombing civilians in Yemen. The International Development Committee, which has six Tories and five from …

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