Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

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French Court Rejects 75% Tax Rate For Rich

French president Francois Hollande has suffered a fresh setback as the country's highest court threw out his plan to tax the ultra-wealthy at a 75% rate, saying it was unfair. It had been one of the flagship campaign promises of Mr Hollande's election...

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Norovirus Cruise: 'Outbreaks' On Two Ships

More than 400 passengers and crew have been sick with vomiting and diarrhoea as suspected norovirus hits two cruise ships sailing in the Caribbean. Both luxury liners, the Queen Mary 2 and the Emerald Princess, reported the outbreak to the Centres for...

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Think Tank Warns Of Sluggish 'Groundhog' 2013

A think tank has warned that 2013 could turn out to be a "groundhog year" with a repeat of sluggish growth and crisis in Europe seen in 2012. The Institute for Public Policy Research (IPPR) said that consumer and business spirits have been so thoroughly...

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Digital Entertainment Sales Smash £1bn Barrier

Digital sales of music, video and games in 2012 exceeded £1bn for the first time, according to official year-end sales figures. The Entertainment Retailers Association (ERA) said a final year-end tally of £1.033bn was reached, giving a digital sales...

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Benefits Rise 'Almost Double Salary Increase'

Welfare payouts for the jobless have risen almost twice as fast as average salaries over the last five years, according to official figures. Out-of-work benefits have increased in value by 20% since 2007, compared to a rise of 12% in private sector...

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John Lewis Reveals Bumper Christmas Trading

John Lewis has announced double digit sales increases for trading at its stores over the festive period. The partnership made £684.8m in the five weeks to December 29, up almost 15% on the same period in 2011. John Lewis said electricals and home technology...

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US Fiscal Cliff: Markets Rally After Late Deal

Global markets have rallied in response to a deal in the United States to avert its so-called fiscal cliff. The market boost came after US Democrats and Republicans finally agreed a deal that will stop hundreds of billions of dollars in automatic tax...

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Report: Retail Bankruptcy Increased In 2012

The number of retail firms filing for bankruptcy continues to grow, according to new research. Business advisory firm Deloitte said the number of retailers falling into administration in 2012 increased by 6%, compared with 2011. It said 194 retailers...

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Rail Fares: Anger As Commuters Face More Hikes

How Much Will Your Ticket Cost? Updated: 2:14am UK, Wednesday 02 January 2013 This is a table of rail fare rises, comparing the price of a 12-month season ticket bought in December with one bought from January 2. The table does not include the price...

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