Cameron's Speech Rebuked By Fiscal Watchdog

David Cameron has been rebuked by the Office for Budget Responsibility about the impact of his Government's austerity measures on economic growth. In a high-profile speech on Thursday, the Prime Minister said the OBR was "absolutely clear that the deficit...

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US Boom: Jobs Jump By 236,000 In February

The number of people hired in the United States by non-farm employers jumped by 236,000 in February, exceeding expectations. The unemployment rate also dropped to 7.7% from 7.9% in January, the lowest level since December 2008. The Obama administration...

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Barclays Chief Jenkins Hints At Jobs Axe

By Mark Kleinman, City Editor The chief executive of Barclays has suggested that the growing automation of banking services could result in tens of thousands of jobs disappearing from its workforce during the next decade. I have learned that during...

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PM: We'll Come Through If We Hold Firm

Cameron Firm On Tough Resolutions Updated: 4:54pm UK, Thursday 07 March 2013 By Jon Craig, Chief Political Correspondent, in Keighley David Cameron came to Bronte country to talk about human emotions … or rather the impact on them of these tough...

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EasyJet: Budget Airline Joins FTSE 100

Budget airline easyJet has been promoted to the FTSE 100 Index after a record run for its share price. The Luton-based firm is the London market's 82nd largest company and with a value of £4bn is large enough to earn a place among the ranks of blue-chip...

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RBS Apology As Customers Hit By New IT Glitch

RBS, NatWest and Ulster Bank have apologised after many customers were unable to log in to their accounts or withdraw cash. The technical problems come less than a year after they were hit by a computer meltdown that left millions of people...

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Dow Industrial Average Closes At All-Time High

By Sky News US Team, in New York The Dow Jones industrial average has closed at an all-time high, powered by China's strong economic growth targets and a jump in European retail sales It settled at 14,253.77 points, up 125.95 points, or 0.9%, surpassing...

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CPP In Talks Over Debt-For-Equity Swap

By By Mark Kleinman, City Editor One of Britain's biggest providers of identity theft insurance is in talks about a financial restructuring that could involve its lenders taking a significant stake in the company. I have learnt that CPP Group is...

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Funding For Lending Credit Cut Sharply

British lenders taking part in a Bank of England scheme to boost firms' and households' access to credit cut lending sharply in the last three months, official statistics have revealed. The lower than expected Funding for Lending Scheme (FLS) figures...

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New FSA Rules Prompt Internet Bank Rethink

By Mark Kleinman, City Editor A new retail bank which has been struggling to secure funding and regulatory approval for more than three years has restarted talks with potential investors, buoyed by new rules governing start-up lenders. I have learnt...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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StanChart Cuts Bonuses After £440m Iran Fine

By Mark Kleinman, City Editor Standard Chartered will this week cut both its group-wide bonus pool and the payout for its chief executive despite a record trading year buoyed by continued economic growth in its core markets. I understand that London-headquartered...

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Pressure On First Buyers As House Prices Rise

By Nick Martin, Sky Correspondent House prices edged up month-on-month in both January and February this year, bringing good news for homeowners but adding pressure on first-time buyers. Building society Nationwide said it was cautiously optimistic...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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