Eurozone Agrees To Extend Greek Bailout

Eurozone finance ministers have agreed to extend Greece's rescue loans - although not by as long as the government wanted. The deal, which will enable Athens to continue paying its bills, was reached at talks in Brussels which were delayed for...

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New Look Fashions Plans For £2bn Flotation

By Mark Kleinman, City Editor The high street fashion retailer New Look has recruited bankers to work on a stock market listing that could value it at as much as £2bn. Sky News has learnt that the company this week appointed JP Morgan, the Wall Street...

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Three UK Banks To Award £2.5bn-Plus Bonus Pot

By Mark Kleinman, City Editor Three of Britain's biggest banks are finalising plans to pay out a combined bonus pot worth more than £2.5bn just weeks before the General Election campaign gets underway. Sky News has learned that Barclays and two taxpayer-backed...

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Tough Talks On Greek Debt As D-Day Looms

By Ed Conway, Economics Editor These could well prove the most important few days in the euro's existence. In the corridors and meeting rooms of the Justus Lipsus building in Brussels, Greece and its euro counterparts have been charged with discussing...

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ECB Extends Funding For Greek Banks - Reports

The European Central Bank has decided to increase its emergency funding to Greek commercial banks, it has been reported. "The increase has been approved," a bank source, who declined to be identified, told the AFP agency. The source added the ceiling...

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Childcare Costs Can Mean 'It Doesn't Pay To Work'

By Becky Johnson, North of England Correspondent The cost of childcare is rising so quickly that for many families "it simply does not pay to work", a report has concluded. The price of a part-time nursery place for a child under two has gone up...

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Rolls-Royce To Develop Sports Utility Vehicle

The luxury carmaker Rolls-Royce has announced it will develop its first sports utility vehicle (SUV) designed to "cross any terrain". The announcement was made via an open letter from Rolls-Royce chairman Peter Schwarzenbauer. The company has revealed...

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Energy Regulator Faces Blow From CMA Report

By Mark Kleinman, City Editor Britain's energy sector may be beset by excessive regulation which acts as a barrier to new market entrants, competition watchdogs will say later. Sky News has learnt that the Competition and Markets Authority (CMA)...

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HSBC Issues Apology Over Banking Standards

HSBC has taken out adverts in national newspapers offering "sincerest apologies" over past activities at its Swiss operations. In the open letter to its customers, shareholders and colleagues, HSBC's group chief executive Stuart Gulliver described...

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Rival Firm Snaps Up Zolfo Cooper In £60m Deal

By By Mark Kleinman, City Editor The consolidation of London's professional services industry will accelerate this week when a division of Zolfo Cooper, an adviser on corporate restructurings, is snapped up in a deal worth just under $100m (£65m). ...

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