Asda Pledges To Fight Staff Equal Pay Action

Asda has said it will "robustly defend" its record on equal pay amid revelations it is facing a legal action potentially involving thousands of workers. The law firm Leigh Day said it was currently representing hundreds of former and current employees...

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Key Investor Empties Trolley Of Tesco Shares

By Mark Kleinman, City Editor One of Tesco's most prominent institutional shareholders has ditched its remaining stake in the company and cast doubt on the retailer's recovery prospects under its new chief executive. Sky News has learnt that David...

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Tesco Profits Plunge 92% In Accounting Chaos

Tesco's chief executive has told Sky News he will not take an axe to prices in the short term to win back shoppers, after first-half profits fell 92%. Dave Lewis was speaking after the supermarket chain revealed its latest results and the conclusions...

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Profit Fall Points To Scale Of Tesco Chief’s Task

There's no getting away from it: today's numbers from Tesco are horrible, whichever way you look at them. First, the positive spin. A 4.6% fall in UK like-for-like sales was - astonishingly - better than many analysts had forecast, while a £937m...

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Homebase: A Quarter Of Stores To Be Closed

The owner of the DIY chain Homebase is to close a quarter of its stores over the next three years, leaving thousands of jobs hanging in the balance. Home Retail Group (HRG), which made the announcement as it confirmed its half-year results, said it...

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Lloyds To Cut 9,000 Jobs In Three-Year Plan

By Mark Kleinman, City Editor Lloyds Banking Group is to cut approximately 9,000 jobs - equating to just over 10% of its workforce - as part of moves to automate consumer-facing services at the UK's biggest high street lender. Sky News has learnt...

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Range Rover Evoque Now Made in China

By Mark Stone, Asia Correspondent For the first time in its history, the iconic Land Rover brand is no longer exclusively 'Made in Britain' but now 'Made in China' too. Jaguar Land Rover (JLR) has opened its first factory in China and production...

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China Growth Weakest Since Financial Crisis

The slump in China's property market contributed to a further slowdown in the country's economic output in the third quarter of the year. Official figures showed GDP growth at its weakest level since early 2009 during the period, rising by 7.3%...

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Price Comparison Sites: 'Don't Count On Them'

By Dharshini David, Business Presenter If you don't want your entire budget to go up in flames as energy bills soar, the key, we're told, is to shop around. And those comparison websites can, they claim, find you a far cheaper deal. But are they...

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Comparison Sites Under Fire Over 'Kickbacks'

Price comparison websites have been accused of hiding the best energy deals from consumers. Instead, tariffs are promoted from providers who are paying the sites up to £60 commission when a user switches, according to consumer group The Big Deal....

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PM: I'll Cut Benefits To Fund Apprenticeships

By Anushka Asthana, Political Correspondent Benefit cuts hitting 100,000 families will be used to fund a £1bn commitment to deliver three million apprenticeships over the next Parliament, David Cameron has revealed. The plans show that 70,000 households...

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Equal Parental Pay Deal For Civil Servants

Both male and female Civil Service employees will be offered equal parental pay and support from next year, Deputy Prime Minister Nick Clegg is set to announce. Mr Clegg hopes the move will encourage other public and private sector organisations to...

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Tesco Profit Shortfall 'Better Than Feared'

By Mark Kleinman, City Editor A shortfall in half-year profits at Tesco which plunged Britain's biggest retailer into crisis is next week expected to be disclosed to have been smaller than initially feared. Sky News understands that the supermarket...

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UK Firms Consider Paying For Egg Freezing

By Rhiannon Mills, Sky News Correspondent British companies have said they would consider following Apple and Facebook's lead by paying for female staff to freeze their eggs. With the US tech giants now offering the fertility treatment as a benefit,...

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