British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become inreasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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Official: Average Earnings Outpace Inflation

Average UK earnings increased by 1.7% in the year to February, above the inflation rate of 1.6%, according to official figures. The Office for National Statistics (ONS) said it was the first time since spring 2010 that the consumer price index for inflation...

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Co-op To Unveil £2.5bn Losses As Crisis Deepens

By Mike McCarthy, Sky News Correspondent The Co-operative Group is set to announce losses of up to £2.5bn after a series of "catastrophically inept decisions". It is coming under increasing pressure to reform as it faces the biggest crisis in its...

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Imperial Tobacco To Close Nottingham Factory

Up to 900 jobs are to be lost under plans by Imperial Tobacco to close factories in Nottingham and Nantes in France. The company said it wanted to shut both its production plant and distribution centre in Nottingham, which together employ around 540...

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House Price Concern As Wider Inflation Eases

There has been more good news for household budgets with confirmation that price growth eased further in March though property costs accelerated. The Office for National Statistics (ONS) charted a fall in the Consumer Prices Index (CPI) measure of inflation...

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Barclays Hires Gillies As New Board Pay Chief

By Mark Kleinman, City Editor Barclays is to take an important step towards defusing an ongoing pay row with shareholders, with the appointment of a City heavyweight to chair its board remuneration committee. Sky News has learned Crawford Gillies,...

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Economy Fragile As High Street Spending Falls

By Gerard Tubb, North of England Correspondent A fall in high street spending for the second month in a row has underlined the fragile nature of the long-awaited economic recovery. Figures from the British Retail Consortium show like-for-like sales...

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Wet February Wipes £270m From Building Sector

Woolly weather in February caused a sharp decline in UK construction, wiping more than a quarter of a billion pounds from the sector. The Office for National Statistics (ONS) said output fell to £5.8bn, down 2.8% from January. Output is defined as...

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Osborne Jail Threat For Offshore Tax Evaders

Wealthy people who stash money in offshore accounts to evade paying tax could be sent to jail, the government has said. Chancellor George Osborne said new proposals could mean that people who hide their cash overseas could face criminal charges even...

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Wet February Wipes £270m From Building Sector

Woolly weather in February caused a sharp decline in UK construction, wiping more than a quarter of a billion pounds from the sector. The Office for National Statistics (ONS) said output fell to £5.8bn, down 2.8% from January. Output is defined as...

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Osborne Jail Threat For Offshore Tax Evaders

Wealthy people who stash money in offshore accounts to evade paying tax could be sent to jail, the government has said. Chancellor George Osborne said new proposals could mean that people who hide their cash overseas could face criminal charges even...

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