Tory Donor Ross In Frame To Chair Ofsted

By Mark Kleinman, City Editor David Ross, the co-founder of the Carphone Warehouse high street chain, is a leading candidate to become the next chair of Ofsted, the education watchdog. Sky News can exclusively reveal that Mr Ross, who has donated...

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Watchdogs Pursue 'Debt Letter' Tactics

The City watchdog has urged people to send it copies of letters from debt recovery companies purporting to be working on behalf of high street names. The Financial Conduct Authority's request comes amid reports that some banks and utility companies...

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Asda To Cut More Than 1,350 Jobs Within Weeks

Asda is to cut a total of 1,360 within the next three months, it has been confirmed. The supermarket chain, which is owned by US-based Walmart, had previously said there would be job losses but it did not reveal the number of cuts. The plan will affect...

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Dow Jones Closes Above 17,000 For First Time

The US stock index made up of some of the biggest global firms has closed at above 17,000 for the first time ever. Shares soared after a US jobs report showed unemployment was at its lowest rate in six years. The government said on Thursday morning...

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Heathrow Sorry For T5 Baggage Fiasco

By Siobhan Robbins, Sky Reporter Bosses at Heathrow have said they cannot confirm when passengers still waiting for bags, stranded after a computer glitch, will receive them. The issues began at Terminal 5 last week and affected thousands of departing...

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Sainsbury's Energy Hit By Mis-Selling Scandal

By Mark Kleinman, City Editor British Gas is being forced to compensate thousands of customers for providing inaccurate savings estimates in the latest mis-selling episode to blight the utility sector. Sky News has learnt that the UK's biggest...

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Spy Agency Plans Human-Like Computer Neurons

A secretive United States intelligence organisation has organised a conference to find firms capable of creating computer algorithms that learn in a similar manner to the human brain. The Intelligence Advanced Research Projects Activity (IARPA) has...

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Mortgage Approvals Fall To 11-Month Low

UK mortgage approvals have dropped to their lowest level since June last year, according to the Bank of England (BoE). It said 61,707 loans were agreed in May, down from the April figure of 62,806. The May figure was a fifth below January's peak of...

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Rates 'May Return To Pre-Recession Levels'

Homeowners should expect interest rates to return to their pre-recession levels within a decade, the Deputy Governor of the Bank of England has warned. Last week the Bank's Governor Mark Carney suggested that even once borrowing costs rise, the "new...

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Parcelforce Starts Seven-Day Delivery Service

Parcelforce, the express parcels business of Royal Mail, will today become the first national parcels carrier in Britain to deliver on Sundays. The business said it anticipates the new service will be of particular benefit to online shoppers. Among...

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Rates 'May Return To Pre-Recession Levels'

Homeowners should expect interest rates to return to their pre-recession levels within a decade, the Deputy Governor of the Bank of England has warned. Last week the Bank's Governor Mark Carney suggested that even once borrowing costs rise, the "new...

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Parcelforce Starts Seven-Day Delivery Service

Parcelforce, the express parcels business of Royal Mail, will today become the first national parcels carrier in Britain to deliver on Sundays. The business said it anticipates the new service will be of particular benefit to online shoppers. Among...

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