BA Owner IAG Announces Profits Of £182m

International Airlines Group, the owner of British Airways and Iberia, has announced a half year operating profit of £182m (€230m). The company says the results are £208m (€230m) better than 2013, when it made a £26m loss. IAG's chief executive, Willie...

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High Street Revival 'Has Shown Little Impact'

By Frazer Maude, Sky News Correspondent The self-titled "Queen of Shops" has come under fire after her Government-backed bid to revive the High Street has shown little impact. Wolverhampton was one of 12 town centres chosen to pilot retail guru...

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Centrica Boss Urges UK To Remain In Europe

By Mark Kleinman, City Editor The UK benefits from being a member of the European Union (EU) and should remain part of a reformed economic bloc, the head of Britain's biggest energy supplier said on Thursday. Speaking to Sky News, Sam Laidlaw,...

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US Shares Tumble Amid Weak Corporate Results

US stocks have tumbled about 2%, in a major sell-off following lacklustre US corporate earnings. The approaching end of the Federal Reserve's economic stimulus, weak eurozone data and the Argentine debt default were also blamed for the slump. ...

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Oil Explorer Afren Suspends Top Executives

By Mark Kleinman, City Editor One of the London stock market's most prominent oil exploration companies has been rocked by a boardroom probe into unauthorised payments. Sky News understands that Afren, which has operations in Nigeria and other...

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Co-op Revamp Goes On With Security Arm Sale

By Mark Kleinman, City Editor The restructuring of the Co-operative Group is poised to continue with the sale of its security arm in a deal that will raise money to help shore up its troubled finances. Sky News understands that the UK's biggest...

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'Dirty Diesel' Drivers Face New Tax In Cities

Drivers of diesel vehicles face having to pay more in taxes and levies as cities around the UK strive to cut air pollution. In London, plans to introduce a £10 charge for the most polluting diesel cars are being considered by Mayor Boris Johnson. These...

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Watchdog To Confirm Bank Bonus Clawback Plan

The UK banking watchdog will confirm on Wednesday that it is introducing the world's toughest rules for clawing back bankers' pay, even as it offers a fig-leaf to the industry by dropping some of its most punitive proposals for reform. Sky News has...

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Lloyds 'Risks Criminal Action' In Rigging Case

The Bank of England (BoE) governor has warned Lloyds Banking Group that "clearly unlawful" conduct over fee manipulation may amount to criminal behaviour as it was fined more than £200m. Some £70m of the penalty related to efforts by Lloyds to rig fees...

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Bankers Should Be Made To Take 'Moral Oath'

A think tank believes bankers should be expected to swear an oath in which they promise to behave properly, in the same way as doctors. ResPublica has drawn up a statement that it says people who work at major financial institutions should agree to...

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Former CBI Chief To Aid Osborne Markets Probe

By Mark Kleinman, City Editor A trio of heavyweight figures including a former head of the CBI will this week be appointed to scrutinise a Government-led probe into financial markets launched in the wake of a string of major trading scandals. Sky...

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Fracking Rules As Push For Drilling Heats Up

Fracking will be only be allowed in national parks and areas of outstanding beauty in "exceptional circumstances", ministers say, as new bidding for shale exploration licences opens. The policy is part of new guidance published today by Government which...

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UK Economy Emerges From Six-Year Downturn

Official figures show the UK economy has emerged from six years of lost growth to return to its pre-crisis peak. The Office for National Statistics (ONS) said Britain's economy was now bigger than it was before the financial crisis as gross domestic...

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Housing Shortage Sees More Tenants Evicted

By Mark White, Home Affairs Correspondent Increasing numbers of private tenants are being evicted or exploited by landlords cashing in on the increase in house prices and the shortage of rented accommodation, according to latest figures. Citizens...

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