Old Mutual Bids £600m For Wealth Manager

By Mark Kleinman, City Editor Britain's second-biggest independent wealth manager has rebuffed a £600m takeover offer from Old Mutual, the FTSE-100 financial services group. Sky News understands that Quilter Cheviot, which manages almost £16bn...

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Europe Agrees On Fresh Russian Sanctions

European leaders have agreed to hit Russia with a fresh round of sanctions despite Moscow signing up to a ceasefire in Ukraine. The sanctions include credit restrictions on Russia companies, export bans, and travel bans and asset freezes on a new set...

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Eurozone Teeters As ECB's Bazooka Is Held Back

By Ian King, Business Presenter Only in a 100 metre sprint, a Wall Street Journal correspondent joked on Twitter, does a one-tenth of a unit move normally spark such excitement. The European Central Bank's shock interest cut today, taking its benchmark...

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ECB Cuts Eurozone Rates And Boosts Stimulus

Eurozone Teeters As ECB's Bazooka Is Held Back Updated: 6:46pm UK, Thursday 04 September 2014 By Ian King, Business Presenter Only in a 100 metre sprint, a Wall Street Journal correspondent joked on Twitter, does a one-tenth of a unit move normally...

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UK Economy Boosted By Wider Contributions

Revisions and improvements to the way UK output is measured show an uptick in its historic performance. The Office for National Statistics (ONS) said gross domestic product (GDP) shrank by as much as 6% in the depths of the recession, lower than...

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Confusion Over Ukraine 'Permanent Ceasefire'

Vladimir Putin says a ceasefire deal between Ukraine and pro-Russian rebels could be reached by Friday. The Russian President's announcement comes after conflicting reports that a permanent ceasefire agreement had been reached by the two sides...

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National Grid Seeks Extra Winter Electricity

National Grid has brought forward plans to tap additional power capacity over the winter after unexpected plant outages raised the risk of shortages. It is being described as a precautionary move, supported by Government, to safeguard supply rather...

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Financial Jargon Is Costing Customers Hundreds

By Poppy Trowbridge, Consumer Affairs Correspondent Consumers are losing more than £400 a year because they do not understand financial terms and conditions. According to research from the Money Advice Service many customers do not know what key...

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UK Industry Export Orders Hit Euro Headwinds

There is increasing evidence that the UK's economic recovery is coming under pressure from outside influences. New manufacturing order growth plunged in August, according to the keenly-awaited CIPS/Markit Purchasing Managers' Index (PMI), with overall...

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How Scottish 'Yes' May Impact 'Invisible Border'

By Poppy Trowbridge, Consumer Affairs Correspondent For those that live along the invisible border that divides Scotland and England, daily life could change dramatically with a Yes vote in the September 18 referendum. These communities, from Berwick-upon-Tweed...

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Co-op Members Vote Through Big Reforms

Co-operative members have backed a shake-up of the way the crisis-hit group is run after a landmark vote on Saturday. At a special general meeting in Manchester, 83% of votes were in favour of proposals drawn up after the mutual made record £2.5bn losses,...

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Branson Banks On £2bn Virgin Money Float

By Mark Kleinman, City Editor Sir Richard Branson is poised to pull the trigger on a stock market listing of Virgin's banking arm that City insiders predict could value it at up to £2bn. Sky News has learnt that directors of Virgin Money are in...

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Co-op Members Vote Through Big Reforms

Co-operative members have backed a shake-up of the way the crisis-hit group is run after a landmark vote on Saturday. At a special general meeting in Manchester, 83% of votes were in favour of proposals drawn up after the mutual made record £2.5bn losses,...

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Branson Banks On £2bn Virgin Money Float

By Mark Kleinman, City Editor Sir Richard Branson is poised to pull the trigger on a stock market listing of Virgin's banking arm that City insiders predict could value it at up to £2bn. Sky News has learnt that directors of Virgin Money are in...

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