Pay 'Soars' As Job Hunters Spoiled For Choice

A shortage of skills could mean the job hunter "finally becomes king" this year, with pay levels soaring for staff placed by employment agencies. The finding, in a monthly report on the job market by the Recruitment and Employment Confederation...

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RBS In Talks With UKFI Over £2bn Debt Sale

By Mark Kleinman, City Editor The agency which represents taxpayers' stakes in Britain's bailed-out lenders is in talks with Royal Bank of Scotland (RBS) about a £2bn capital-raising which could eventually dilute the Government's shareholding. Sky...

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Tesco To Cut Stores and Jobs In Revival Plan

Tesco has confirmed it is to close 43 unprofitable UK stores and halt construction on almost 50 others as part of a plan to revive its fortunes. In the wake of four profit warnings last year and the accounting scandal which saw group chief executive...

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Morrisons On The Run With Athletics Deal

By Mark Kleinman, City Editor The UK's fourth-biggest supermarket chain will announce on Friday that it is to take over from Bupa as the long-standing sponsor of the Great North Run. Sky News understands that Wm Morrison has agreed a multimillion...

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Euro Area Enters Deflation As Oil Costs Fall

The eurozone has officially entered deflation, with tumbling oil costs tipping the currency towards its latest crisis. Eurostat, the EU's statistics agency, said prices in what was then the 18-country euro area were 0.2% lower in December than the...

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City Awaits Tesco Chief's Turnaround Plan

By Mark Kleinman, City Editor The new chief executive of Tesco will set out a blueprint to revive its fortunes through a string of measures including the appointment of a new boss of its UK operations. The plans unveiled by Dave Lewis, who joined...

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Supermarket Wars: Price Cuts Revealed

Sainsbury's and Asda have announced details of price cuts as their rival Tesco prepares to unveil its turnaround plan. Asda was first to confirm it was making £300m in customer savings during the first three months of the year,...

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Barclays’ 'Bad Bank' Chief To Step Down

By Mark Kleinman, City Editor The executive in charge of a Barclays division housing billions of pounds of underperforming assets is to step down. Sky News has learnt that Eric Bommensath, who was previously the co-head of Barclays' investment banking...

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Bank Fashion Becomes High Street Casualty

By Mark Kleinman, City Editor The high street clothing retailer Bank Fashion has become the high street's first big post-Christmas casualty with around 1,500 jobs at risk after it crashed into administration. Confirming a report by Sky News, Deloitte,...

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Success Rolls On As Car Firm Posts Record Sales

Rolls-Royce sold more cars than ever before last year. The company delivered 4,063 cars in 2014 - its highest total in 111 years. A 12% increase on 2013 means sales have now risen five-fold since 2009. In 2014 sales rose 13% in the UK, 75% in Australia,...

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Cable Warns Bank Bosses On Branch Closures

By Mark Kleinman, City Editor Vince Cable has summoned Britain's biggest banks for fresh talks about branch closures after their bosses refused to renew a promise not to close hundreds of rural outlets. Sky News has learnt that the Business Secretary...

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Investec Joins Race For RBS' Coutts Arm

By Mark Kleinman, City Editor The Anglo-South African financial services group Investec has joined a cluster of international banks eyeing bids for the international arm of Coutts, the wealth manager whose customers include Her Majesty The Queen. ...

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Cable Warns Bank Bosses On Branch Closures

By Mark Kleinman, City Editor Vince Cable has summoned Britain's biggest banks for fresh talks about branch closures after their bosses refused to renew a promise not to close hundreds of rural outlets. Sky News has learnt that the Business Secretary...

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Tory Vow To End Hefty Taxpayer-Funded Payouts

Tory Vow To End Hefty Taxpayer-Funded Payouts We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Cap Pledge On Public Sector Payouts" Video: Cap Pledge On Public Sector...

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