King Warned Of Political Push For Co-op Deal

By Mark Kleinman, City Editor The Governor of the Bank of England warned one of the bidders for more than 630 Lloyds Banking Group branches that its offer would fail because of "a political desire" to see a rival proposal from the Co-operative Group...

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Former Co-op Chairman Released On Police Bail

Chancellor George Osborne has announced plans for an independent inquiry into the Co-operative Bank's near collapse, as its former chairman was released by police. The review uses new powers under the Financial Services Act and follows calls from Prime...

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George Osborne's Stamp Duty Bonanza

By Ed Conway, Economics Editor Stamp duty revenues - one of the most reliable measures of property market activity - are back to the same level they were just before the economic crisis in 2008, in the latest evidence of the housing boom. Last...

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Co-op: Flowers In £75k Charity Expenses 'Scam'

Disgraced former Co-op bank boss Paul Flowers claimed £75,000 in false expenses from a drugs charity, it has been alleged. Mr Flowers, a former Labour councillor, totted up the claims over five years during his time as the chairman of the trustees at...

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Energy Bills: Npower Deal Creates 'Big Seven'

A new player in the UK energy market is to be created after npower agreed a deal to offload 770,000 customer accounts. They form part of npower's Electricity Plus and Gas Plus subsidiaries, which were sold today for £218m to Telecom Plus, a supplier...

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Barclays Boss To Head Major Business Charity

By Mark Kleinman, City Editor The chief executive of Barclays is being lined up take the helm of the charity Business in the Community (BitC), less than 18 months after the bank became embroiled in a series of reputational crises. Sky News understands...

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JPMorgan Agrees $13bn Mortgage Complaint Deal

JPMorgan Chase has agreed to pay $13bn (£8bn) to settle complaints over mortgages and mortgage securities, US officials have said. The deal includes $9bn in payments to authorities and $4bn which will go to people affected by the bank's actions,...

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Poor Language Skills 'Hampering UK Economy'

By James Matthews, Sky News Correspondent Britain's inability to speak "important" foreign languages could jeopardise future prosperity and global standing, according to a new report. According to the British Council, the UK has an alarming shortage...

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Supermarket Offers Cited By Consumer Group

By Poppy Trowbridge, Business And Economics Correspondent Some of Britain's biggest supermarkets have been accused of running so-called special offers that often see customers "paying over the odds". Consumer group Which? analysed more than 70,000...

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Npower Tops List Of Energy Customer Complaints

Npower has topped a customer complaints list leading an energy watchdog to describe its performance as "unacceptable". Latest research compiled by Consumer Futures, which represents consumers in regulated markets, said npower had 202.5 complaints per...

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Banks Urged To End Expensive Phone Charges

High street banks, credit card companies and insurers are being urged to cut high-rate customer lines after a study found almost three quarters are costly 084 or 087 numbers. Which? found that 177 out of 242 customer or complaints lines for financial...

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Thomas Cook Offloads Foreign Exchange Unit

By Mark Kleinman, City Editor The chief executive of Thomas Cook will on Monday continue her reshaping of the revitalised tour operator by unveiling the sale of its foreign currency division. Sky News has learnt that Harriet Green struck a deal...

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Crunch Time As Biscuit-Maker Seals £350m Sale

By Mark Kleinman, City Editor The maker of Jammie Dodgers and Wagon Wheels is finalising an agreement to sell itself this weekend to a Canadian pension fund for around £350m. Sky News understands that Burton's Biscuits is expected to announce on...

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Clegg Calls For Fifth Income Tax Threshold Rise

Deputy Prime Minister Nick Clegg is calling on his coalition partners to raise the income tax threshold for a fifth time so the Government can "reward" voters for years of austerity. The Liberal Democrat leader wants Chancellor George Osborne to take...

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