Virgin Atlantic Takes On BA With Delta Deal

Singapore Airlines has sold its 49% stake in Virgin Atlantic to rival Delta, in a move that will bolster Virgin's reach in the United States and intensify its rivalry with British Airways. The deal was announced just 24 hours after a verbal spat between...

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Libor Scandal: UK Police Make Three Arrests

The Serious Fraud Office (SFO) has made three arrests as part of its investigation into the manipulation of the interbank lending rate, Libor. The major banks declined to comment on the development but Sky sources have suggested that one of the people...

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Vince Cable Unveils SME Lending Boost

By Mark Kleinman, City Editor A peer-to-peer lender backed by Lord Rothschild will be unveiled as one of the major beneficiaries of a Government scheme to stimulate small business lending. Zopa, a company which promotes direct lending over the...

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Adam Posen: Osborne's Plan Is 'Misguided'

George Osborne's economic strategy is "misguided" and has left Britain "malnourished", according to a former Bank of England policymaker. Adam Posen, who stepped down from the Monetary Policy Committee (MPC) in August, accused the Government of focusing...

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Compensation Culture: Firm Rapped Over Ads

The Advertising Standards Authority (ASA) has raised fears about the activities of a claims management company while upholding complaints against it relating to text messages about compensation. The ASA said Data Supplier, based in India, had not responded...

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SuperGroup's Profits Up After Sales Boost

The owner of the SuperDry fashion brand has reported an increase in profits, as a broader product range boosted sales. SuperGroup - whose products are favoured by celebrities including David Beckham and Pippa Middleton - said pre-tax profit over the...

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Barclays Hires Former FSA Boss Hector Sants

Barclays has hired the former chief executive of the Financial Services Authority (FSA), Hector Sants, as its head of compliance. The bank's interest in Mr Sants, which was exclusively revealed by Sky's City Editor Mark Kleinman last week, emerged soon...

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Youth Unemployment Falls Amid Jobs Record

There has been the biggest quarterly fall in unemployment for a decade amid a welcome drop in the number of young people without work. The Office for National Statistics said unemployed 16- to 24-year-olds fell by 72,000 to 945,000 in the three months...

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Cameron Hopes 'Every Little Helps'

By Mark Kleinman, City Editor The chief executives of Diageo and J Sainsbury, two of Britain's most successful companies, are to step down as advisers to David Cameron amid growing private sector scepticism over the Coalition's efforts to revive...

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Mick Jagger Love Letters Sell For £187,000

Passionate letters sent by Mick Jagger to his secret lover in the summer of 1969 have sold for £187,250. The Rolling Stones front man penned the love notes - which include song lyrics and a band playlist - to singer Marsha Hunt in the summer of 1969....

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