Facebook Shares Close At Opening Day Value

Facebook shares have closed at their highest level since their debut trading day 14 months ago. Shares in the social media company rose 1.5% to $38.05 (£24.86) on Friday, a closing price not seen since the firm's initial public offering (IPO) on May...

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Ireland Digs Deep For Economic Recovery

By David Blevins, Ireland Correspondent, in County Mayo Seismic surveys are to be carried out to ascertain if Ireland has enough oil and gas reserves to export fuel. Shell is already building the longest gas tunnel in Europe (4.9km) to transport...

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RBS Thrashes Out Pay Deal For New Boss McEwan

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is on the verge of agreeing a pay deal for its new chief executive that will be sharply lower than that of Stephen Hester, his predecessor. Sky News understands that UK Financial Investments...

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Half Of UK Nation 'Living On The Edge'

Around nine million more adults are struggling with money compared to seven years ago, a report into the health of the nation's finances has found. More than half (52%) of those surveyed are living on the edge, equating to 26 million people across the...

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Banks Accused Of 'Despicable' Lack Of Lending

By Poppy Trowbridge, Business and Economics Correspondent Britain's banks are ruining the country's fledgling businesses by withdrawing funding, according to the author of a scathing dossier. Lawrence Tomlinson, entrepreneur in residence at the...

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British Gas To Offer Free Power On Saturdays

British Gas owner Centrica is considering offering free power to customers on Saturdays to encourage energy use when overall demand is low. As part of a shake-up in the way energy is used and paid for, free energy tariffs could be offered to those who...

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City Watchdog Rules Barclays Misled Investors

By Mark Kleinman, City Editor The City watchdog has warned Barclays that it could impose financial penalties on the bank and some of its top executives as part of a probe into fundraisings that allowed the British lender to avoid taxpayers' clutches...

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Nazi Gold Moved And Sold By Bank Of England

The role the Bank of England (BoE) played in moving and selling gold looted by the Nazis has been revealed in a previously unpublished file. A record from the bank's archive shows it transferred £5.6m of gold from Czechoslovakia on behalf of Germany's...

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Pegatron: Second Apple Firm Slammed In China

Tech giant Apple is under renewed fire over workers' rights in China, according to a report issued by a human rights charity. China Labor Watch (CLW) said it has documented violation of work laws, forced excessive overtime and underage employees at...

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ID Theft Insurer CPP Nears Financial Lifeline

By Mark Kleinman, City Editor The struggling identity theft insurer CPP is closing in on a deal with its lenders that should secure its future beyond a £1bn-plus mis-selling payout to customers. Sky News understands that CPP has finalised the details...

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Omnicom Merger With Publicis Creates Ad Giant

Omnicom Group Inc. and Publicis Groupe SA plan to merge to create the world's largest advertising firm. The new company, will be called Publicis Omnicom Group, will be worth more than $30 billion. It will be traded in New York and Paris. Omnicom Chief...

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Energy Watchdog 'Failing Consumers', Say MPs

By Tadhg Enright, Business Reporter The energy watchdog, Ofgem, is failing consumers and undermining trust in the market, a group of MPs have said - urging it to "use its teeth a bit more". A report by the Energy and Climate Change Select Committee...

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Barclays Faces Fresh Customer Mis-Selling Bill

By Mark Kleinman, City Editor Barclays will face up to mis-selling misdemeanours on three fronts next week when it sets aside hundreds of millions of pounds more for historical malpractice. Sky News understands that the bank will make provisions...

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£2bn Lloyds Profit Triggers Stake Sale Talks

By Mark Kleinman, City Editor The agency which manages taxpayers' £19bn stake in Lloyds Banking Group is expected to hold talks with City investors this week about a quick-fire sale of shares as Britain's biggest high street lender unveils a £2bn...

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