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  • House builder Bovis sees shares plunge after profits slide

    Shares (Berlin: DI6.BE - news) in house builder Bovis have plunged after it reported a fall in profits over a "difficult" year, took a £7m hit for customer service problems, and said it would slow the pace of building in 2017. Bovis opened about 10% lower on the results, which come weeks after the group announced the …

  • House asking price growth slows amid Brexit fears: Rightmove

    House asking prices are rising at the slowest rate for nearly four years amid rising inflation, fears about Brexit and a tighter lending rules, new figures suggest. Figures from Rightmove (LSE: RMV.L - news) showed a year-on-year rise of 2.3% for homes in England and Wales in the month to 11 February, the smallest since …

  • House asking price growth slows amid Brexit fears: Rightmove

    Figures from Rightmove (LSE: RMV.L - news) showed a year-on-year rise of 2.3% for homes in England and Wales in the month to 11 February, the smallest since April 2013. It was also the smallest rise for February - a time when there is typically a seasonal price spike of about 5% - since 2009.

  • Amazon brushes off Brexit blues with 5,000 new jobs

    Amazon says it will create 5,000 jobs in the UK by the end of 2017. The number includes those working at three fulfilment centres that are set to open this year, as well as 1,500 technical roles. At the same time, Amazon is adding 10,000 jobs across the rest of Europe, taking its workforce there to 50,000 by the end of …

  • Amazon brushes off Brexit blues with 5,000 new jobs

    Amazon says it will create 5,000 new jobs in the UK by the end of 2017. The number includes those working at three fulfilment centres that are set to open this year, as well as 1,500 technical roles. At the same time, Amazon is adding 10,000 jobs across the rest of Europe, taking its workforce there to 50,000 by the end …

  • Commercial space flights from UK by 2020 under new Govt plans

    Space ports could be set up and satellites could blast off from regions across the UK under new proposals set to be unveiled this week. The Spaceflight Bill would allow scientists to conduct experiments in zero gravity - paving the way for the development of vaccines and antibiotics, the Department for Transport (DfT) …

  • Kraft Heinz withdraws Unilever merger proposal

    US food giant Kraft Heinz (Swiss: KHC.SW - news) has withdrawn a £115bn bid for a mega-merger with Unilever (NYSE: UL - news) , the firms have said. In a joint statement on Sunday Heinz said it had agreed not to proceed with the offer it made on Friday. Unilever, the Anglo-Dutch Marmite and PG Tips maker, had already …

  • City broking giant TP ICAP mulls changes to £85m ‎share plan

    A City broking firm created by the merger of two of the industry's biggest players has approached investors ‎about revisions to an incentive plan that could hand tens of millions of pounds to senior executives. Sky News has learnt that directors of TP ICAP‎, which is the world's largest interdealer broker, proposed establishing …

  • Theresa May to meet Peugeot boss amid Vauxhall jobs fears Sky News - Sat, Feb 18, 2017 16:29 GMT
    Theresa May to meet Peugeot boss amid Vauxhall jobs fears

    Theresa May is to meet Peugeot (Other OTC: PUGOF - news) boss Carlos Tavares over his firm's plans to buy General Motors (NYSE: GM - news) ' European business, which includes Vauxhall. Some 35,000 Vauxhall employees in the UK could be affected by the deal, which would turn Peugeot owner PSA Group into Europe's second-largest …

  • UK bank chiefs to be awarded over £4m in 2016 bonuses Sky News - Sat, Feb 18, 2017 13:08 GMT
    UK bank chiefs to be awarded over £4m in 2016 bonuses

    The chief executives of Britain's biggest high street lenders will collectively be awarded more than £4m in annual bonuses next week, a figure that will highlight the gulf in pay between bank chiefs on either side of the Atlantic (Shanghai: 600558.SS - news) . Sky News has learnt that Barclays (LSE: BARC.L - news) , …

  • Striking British Airways hostess: 'We can only afford Pot Noodles'

    A striking British Airways air hostess has told Sky News that staff have to eat Pot Noodles from their planes because they can't afford to eat properly. Charly Bacon is one of about 2,900 cabin crew involved in a dispute about pay.

  • Kraft Heinz approaches Unilever in mega-merger deal Sky News - Fri, Feb 17, 2017 18:20 GMT
    Kraft Heinz approaches Unilever in mega-merger deal

    US food company Kraft Heinz (Swiss: KHC.SW - news) has made a bid for Unilever (NYSE: UL - news) in what could be one of the biggest mergers in corporate history if it goes ahead. Unilever, an Anglo-Dutch company, is one of the largest firms listed in Britain and owns well-known brands including Persil, Dove, Pot Noodle, …

  • Kraft Heinz tries to take over Unilever Sky News - Fri, Feb 17, 2017 17:27 GMT
    Kraft Heinz withdraws Unilever merger proposal

    Kraft Heinz (Swiss: KHC.SW - news) , the global food company behind Heinz Tomato Ketchup and Philadelphia cheese, has approached consumer goods giant Unilever (NYSE: UL - news) about a possible merger. Unilever, an Anglo-Dutch company, is one of the biggest firms listed in Britain and owns well-known brands including …

  • Private equity tycoon Hands wants arms around Agent Provocateur

    The private equity tycoon Guy Hands has made a surprise late entrance into the auction of Agent Provocateur, the struggling underwear brand which is facing the prospect of administration. Sky News has learnt that Mr Hands, whose investment firm Terra Firma Capital Partners is run by the former Sainsbury (Amsterdam: SJ6.AS …

  • Kraft Heinz makes bid for Unilever takeover Sky News - Fri, Feb 17, 2017 15:27 GMT
    Kraft Heinz withdraws Unilever merger proposal

    Kraft Heinz (Swiss: KHC.SW - news) , the worldwide food company behind favourites such as Heinz Tomato Ketchup and Philadelphia cheese, has approached consumer goods giant Unilever (NYSE: UL - news) about a possible merger. Unilever, an Anglo-Dutch company, is one of the biggest firms listed in Britain and owns well-known …

  • Retail sales tumble amid spending squeeze Sky News - Fri, Feb 17, 2017 11:45 GMT
    Retail sales tumble amid spending squeeze

    Rising prices continue to put pressure on the UK's consumer market as official figures show retail sales dropped by 0.3% last month. The research, released by the Office for National Statistics, suggested that a 1.9% increase in average store prices in the year to January - mostly driven by a 16% jump in petrol costs - …

  • Facebook CEO Mark Zuckerberg pens manifesto to beat fake news

    Mark Zuckerberg has posted a 6,500-word letter on his Facebook (NasdaqGS: FB - news) page, outlining his plan to "come together to build a global community that works for everyone". Last year, Facebook came under fire amid accusations that fake stories on the social network helped Donald Trump win the US presidential …

  • Sajid Javid hits back at business rates 'scaremongering' Sky News - Fri, Feb 17, 2017 08:51 GMT
    Sajid Javid hits back at business rates 'scaremongering'

    "Unscrupulous" companies have been accused of trying to scare business owners into thinking their taxes will rise in order to make a profit. Communities Secretary Sajid Javid said "scaremongering" rating agents are manufacturing reports about business rates going up while "cynically" promising to help firms win an appeal …

  • Morrisons to stage 'auditions' for local food producers Sky News - Fri, Feb 17, 2017 08:39 GMT
    Morrisons to stage 'auditions' for local food producers

    Morrisons supermarket is calling for the UK to become more self-sufficient when it comes to our food supply - and is putting its money where its mouth is by holding 'auditions' for local suppliers. Research published by the supermarket suggests that only 52% of the food eaten in the UK is sourced from British farmers, …

  • Resurgent British Steel raids Austrian group for new boss Sky News - Fri, Feb 17, 2017 08:15 GMT
    Resurgent British Steel raids Austrian group for new boss

    The company which resurrected the British Steel name when it took over a big plant in Scunthorpe last year will mark another milestone on Friday when it names an Austrian steelmaker's executive as its new boss. Sky News has learnt that the privately owned company will announce the appointment of Peter Bernscher, 48, as …

  • Fashion industry 'nervous' over Brexit uncertainty Sky News - Fri, Feb 17, 2017 06:42 GMT
    Fashion industry 'nervous' over Brexit uncertainty

    The industry says it is lobbying the Government hard and is worried about restrictions on foreign factory workers and designers. Adam Mansell, Chief Executive of the UK Fashion & Textiles Association (UKFT), said there was a "sense of uncertainty". Figures published last year by the British Fashion Council show the sector …

  • We may be sleepwalking towards world war, says respected Princeton historian

    Harold James of Princeton University says the election of Donald Trump and the result of last year's EU referendum suggest the world's appetite for globalisation is collapsing - something that often prefigures more conflict. In an interview with Sky News, Prof James said that countries had become locked in an information …

  • A quarter still in debt when they retire, says Prudential report

    Credit card borrowing and, increasingly, mortgage repayments, were still hanging over people as they prepared to stop working, the report from Prudential (SES: K6S.SI - news) found. The poll, which questioned 1,000 people planning to retire in 2017, found 25% would be in debt, up from 20% in the same poll last year - …

  • Google chief Sundar Pichai responds to seven-year-old girl's job application

    A seven-year-old girl who asked for a job at Google got something of a shock when the technology giant's boss personally responded to her letter. Chloe Bridgewater, from Hereford in Herefordshire, sent the letter to Google's offices in Silicon Valley last Monday. Sales manager Mr Bridgewater told Sky News he was working …

  • Business Secretary heads to Paris for Vauxhall jobs talks Sky News - Thu, Feb 16, 2017 19:17 GMT
    Business Secretary heads to Paris for Vauxhall jobs talks

    Business Secretary Greg Clark has headed to Paris for talks with Peugeot (Other OTC: PUGOF - news) bosses as he seeks to secure British jobs at takeover target Vauxhall. Mr Clark was expected to meet French industry minister Christophe Sirugue and board members of Peugeot owner PSA Group, which is in talks to acquire …

  • General Motors chief in UK amid fears over Vauxhall jobs Sky News - Thu, Feb 16, 2017 17:57 GMT
    General Motors chief in UK amid fears over Vauxhall jobs

    Unite boss Len McCluskey has said he received no assurances about British jobs at Vauxhall after a meeting about a possible takeover that has raised fears for the future of thousands of workers. The president of General Motors (NYSE: GM - news) , Dan Ammann, is in London for talks with Business Secretary Greg Clark and …

  • War a serious threat in Trump and Brexit world: historian Sky News - Thu, Feb 16, 2017 17:51 GMT
    We may be sleepwalking towards world war, says respected Princeton historian

    Harold James of Princeton University says the election of Donald Trump and the result of last year's EU referendum suggest the world's appetite for globalisation is collapsing - something that often prefigures more conflict. In an interview with Sky News, Prof James said that countries had become locked in an information …

  • Argos to give £2.4m to workers who were underpaid Sky News - Thu, Feb 16, 2017 17:12 GMT
    Argos to give £2.4m to workers who were underpaid

    Thousands of Argos workers will share a £2.4m payout after it emerged they had been paid less than the national living wage. The "incorrect" payments were discovered in a review following the retailer's takeover by Sainsbury (Amsterdam: SJ6.AS - news) 's. John Rogers, the former Sainsbury's executive put in charge of …

  • Snapchat owner valued at up to $22bn in Wall Street share float

    Snap, the owner of Snapchat, has valued itself at up to $22bn (£18bn) as it prepares for one of the tech industry's biggest share flotations in years. Co-founders Evan Spiegel, 26, and Bobby Murphy, 28, will be confirmed as billionaires as a result of the offer which will see their holdings in the company reduced from …

  • Fidelity urges ousting of boardroom pay chiefs if investors rebel

    A top City investor is urging ministers to back a proposal that would force out the chairs of companies' boardroom pay committees if a big minority of shareholders fail to back their annual remuneration plans. Sky News has learnt that Fidelity International, which has £19bn invested in listed UK equities, will include …

  • Southern rail users face more strikes as drivers reject Aslef-backed deal

    Train drivers have voted to reject a deal that their union, ASLEF, had agreed with Southern Rail to end the long-running dispute. Both sides had been engaged in lengthy talks in an attempt to reach agreement over changes Southern Rail wish to make to staffing levels on board some train services. ASLEF has claimed that …

  • General Motor chief in UK amid fears over Vauxhall jobs Sky News - Thu, Feb 16, 2017 14:50 GMT
    General Motors chief in UK amid fears over Vauxhall jobs

    Unite boss Len McCluskey has said he received no assurances on British jobs at Vauxhall after a meeting over a possible takeover that has raised fears for the future of thousands of workers. The president of General Motors (NYSE: GM - news) , Dan Ammann, flew into London to hold talks with Business Secretary Greg Clark …

  • Manchester skyscraper scheme backed by Ryan Giggs and Gary Neville criticised

    A multimillion-pound development in Manchester city centre - backed by former footballers Ryan Giggs and Gary Neville - will "damage the city's historic core", a heritage agency has warned. Historic England said the St Michael's scheme, which includes two skyscrapers, will dwarf some of the best buildings in the country …

  • Government names and shames 360 firms for underpaying workers

    Retail giant Debenhams (Frankfurt: D2T.F - news) has topped a list of 360 businesses named and shamed by the Government for underpaying workers. In total, more than 15,000 workers lost out on more than £995,000. Excuses for paying less than the national minimum or living wage included using tips to top up pay, docking …

  • Britain's best and worst supermarket revealed Sky News - Thu, Feb 16, 2017 14:07 GMT
    Britain's best and worst supermarket revealed

    Asda has come in last place in a survey by consumer group Which? Waitrose took the top spot in the main in-store experience category for the third year running, earning praise for its spacious stores and helpful staff. Competitor Marks and Spencer came in second, with customers complimenting the company's high-quality …

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