Mark Carney Defends Bank Governor Pay Package

The next governor of the Bank of England has been forced to defend his pay and perks package under questioning from MPs. Mark Carney - the head of Canada's central bank - insisted his more than £800,000-a-year settlement was "equivalent" to that of...

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Findus Beef Lasagne Meals 100% Horsemeat

Tests on Findus beef lasagne have revealed that some of the ready meals were made entirely from horsemeat. Findus analysed 18 of its beef lasagne products and found 11 meals contained between 60% and 100% horsemeat, the Food Standards Agency (FSA)...

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RBS Hit With £390m Fine For Fixing Libor

Revealed: The Secret Libor Messages Updated: 3:48pm UK, Wednesday 06 February 2013 Sexual references, free meals and coded discussions were all part of the communications between RBS staff and others as they abused Libor rate-setting - even after they...

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High Street Rescue Plan: Bid To Save Shops

By Liz Lane, Sky News Reporter High street shops are being given a stark warning - change, or join the growing list of casualties who have collapsed in recent months. The Government is setting up a national Future High Streets Forum to make sure...

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UK Chip Firm ARM Rides Smartphone Wave

British smartphone chip designer ARM has reported a 20% rise in full-year pretax profit, with nearly every smartphone in the world now containing its technology. ARM Ltd made an annual pretax profit of £276.5m. It also reported fourth-quarter profit...

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RBS Chief Gives Up £4m Shares In Libor Exit

By Mark Kleinman, City Editor The head of RBS's investment bank will forfeit millions of pounds in past share awards following political pressure for a prominent scalp from the group's involvement in the global Libor-rigging scandal. I have learnt...

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Osborne: Bank Reforms Will Protect Taxpayer

Extracts From Osborne's Speech Updated: 12:18pm UK, Monday 04 February 2013 As Chancellor George Osborne reveals new-ring-fencing regulation to prevent banks from using the "too big to fail" excuse, Sky News has access to the abridged text. Think...

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Barclays Braces For New Mis-Selling Hit

By Mark Kleinman, City Editor Barclays will tomorrow add to its £2.5bn mis-selling bill in a move that will underline the scale of the rehabilitation confronting the bank's new chief executive. Senior insiders say the bank is preparing to make...

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Exclusive: Barclays Finance Chief Lucas Quits

By Mark Kleinman, City Editor The group finance director of Barclays is to step down amid an ongoing probe by British regulators into a controversial £7bn capital-raising that allowed the bank to avoid the Government's clutches in 2008. I can exclusively...

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Triple-Dip Recession May Be Dodged - Report

Britain is set to avoid the feared 'triple-dip' recession, according to a new survey. Business confidence has now strengthened to the highest level since the second quarter of 2011, the ICAEW/Grant Thornton Business Confidence Monitor (BCM) report has...

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