Superfast Broadband Roll-Out Running Late

The Government programme to roll out superfast broadband to 90% of the population is running late and lacks strong competition to protect public value, the National Audit Office has reported. It has already announced that superfast broadband will reach...

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Slump In Pound Signals Gloom For Holidaymakers

The pound has fallen heavily against the dollar for the second time this week after key US jobs figures showed better than expected evidence of an economic recovery. While stock markets rallied, seemingly shrugging off recent fears about US stimulus...

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Economy: Bank Issues Rate Warning To Markets

Interest Rates To Remain Low Updated: 7:47pm UK, Thursday 04 July 2013 By Ed Conway, Economics Editor Let us get this straight: Today the Bank of England did nothing to interest rates. It did nothing to quantitative easing; it even went so far...

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Portugal: Deal Saves Coalition Government

A deal has been reached to save Portugal's centre-right coalition government, the country's prime minister Pedro Passos Coelho has said. The coalition was threatened with break-up because of a dispute over austerity policies but Mr Passos Coelho said...

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Portugal: Markets Fall As Crisis Deepens

Portugal's financial crisis has reignited, triggering a stock market plunge and once again raising the spectre that its borrowing costs could soon become unsustainable. Share prices plummeted 6% in early trading on Wednesday and other major stock markets,...

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Electricity Theft: Ofgem Urges Crackdown

The energy regulator could force electricity suppliers to tackle power theft because of the growing cost to households. Ofgem estimates that 25,000 cases of electricity theft annually cost law-abiding consumers £200m - or £7 per household - with a third...

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Lebedev Found Guilty Over TV Chat Show Brawl

Media magnate Alexander Lebedev has been found guilty of battery over a brawl on a TV chat show in his native Russia. The financial backer of Britain's Independent and Evening Standard newspapers was sentenced by a court in Moscow to 150 hours of community...

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Banks To Unleash Ad Blitz In Switching War

Britain's biggest banks are preparing to unleash an advertising blitz costing tens of millions of pounds in an attempt to protect their market share as new rules are introduced to encourage speedier account transfers between rivals. Sky News has learnt...

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China's ICBC Bank Now Bigger Than US Giants

A Chinese bank has been ranked as the world's largest, overtaking two American finance giants. Industrial and Commercial Bank of China (ICBC) leapfrogged the US banks to top the global ranking of banks with the most capital. The shock ranking has highlighted...

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RBS Plots £500m Debt Collector Float

By Mark Kleinman, City Editor One of Britain's biggest debt collectors is targeting a £500m stock market flotation that would loosen its ownership by the state-backed Royal Bank of Scotland (RBS). Sky News has learnt that Arrow Global, which is...

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Orangina Owners Reunite For £1bn Ribena Tilt

By Mark Kleinman, City Editor The former owners of Orangina have reunited for a £1bn-plus tilt at Lucozade and Ribena, two of the biggest brands in Britain's beverages market. Sky News understands that Blackstone and Lion Capital, two private equity...

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Cameron In Kazakhstan For Trade Mission

David Cameron will hold talks with Kazakhstan's President Nursultan Nazarbayev today as part of a controversial trade mission to the country. The official visit, the first by a serving British premier, is aimed at building strong business links and...

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Facebook To Remove Adverts From Adult Pages

Facebook will stop advertisements appearing on pages containing sexual or violent content after a number of companies suspended their campaigns. Marks and Spencer and BSkyB, the parent company of Sky News, were among those to pull their adverts from...

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Crown Post Office Staff Stage Strike Action

By Emma Birchley, East of England Correspondent Post Office workers have gone on strike over plans to close 70 state-owned branches and a dispute over pay. The closing Crown branches - which are currently directly managed by Post Office Ltd - would...

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