UK Economy: Triple-Dip Fears Reignited

By Ed Conway, Economics Editor The pound has fallen by more than half a cent against the dollar as a sharp fall in manufacturing output raised the likelihood that the UK could slip back into recession. Sterling dropped from just under $1.492 to...

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Thomas Cook Plots £400m Share Issue

By Mark Kleinman, City Editor Thomas Cook, Britain's biggest tour operator, is drawing up plans to tap shareholders for more than £400m in a bid to secure the company's long-term future. I can reveal that Thomas Cook is working on the equity-raising...

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Dreamliner Battery Fix Given Clearance

A plan by Boeing to redesign the 787 Dreamliner's fire-plagued lithium-ion batteries has been approved by US regulators. While the Federal Aviation Administration (FAA) said the move was an outline for re-certification of the plane's batteries, it would...

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Olympics Fiasco: G4S Profits Fall By A Third

Annual profits fell by a worse than expected 32% at G4S, the firm at the centre of last year's Olympics security fiasco. Pre-tax profit for 2012 dropped to £175m from £257m the previous year as a result of a £70m loss on its contract to supply security...

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E.On Boss: Energy Firm Profits Are 'Fair'

The boss of one of the 'big six' energy providers has told Sky News his company made a "fair profit" in 2012. Tony Cocker, chief executive of E.On UK, was speaking after the company posted a 17% fall in annual profits to £235m. Energy firms have been...

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Tesco Buys Restaurant Chain Amid Revamp

Tesco has paid £48.6m for the Giraffe restaurant chain as it looks to make its stores more attractive to shoppers. Criticised in the past for a 'plastic' in-store look, the UK's biggest supermarket chain has been spending millions on a revamp that will...

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Lloyds Job Cuts: Union Backs Bankers

Lloyds Banking Group is cutting a further 550 jobs, sparking a renewed attack on the bank's employment strategy by Unite. The union said the losses, on top of 1,340 job cuts announced in January, were taking place against a backdrop of rising numbers...

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HSBC Eyes 'Non-Bank' In First Direct Revamp

By Mark Kleinman, City Editor HSBC will seek to exploit new rules governing the length of time it takes to switch current accounts by relaunching First Direct, its telephone and internet-based bank. I understand that HSBC, which launched First...

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Minimum Alcohol Pricing: Anger Over U-Turn

David Cameron has insisted he will still clamp down on the sale of cheap alcohol after criticism over an apparent U-turn to impose a minimum price on drink. Sources have told Sky News that the Government is planning to ditch plans for the 45p minimum,...

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RBS To Share in Worldpay Windfall

By Mark Kleinman, City Editor One of the businesses carved out of Royal Bank of Scotland (RBS) as punishment for its rescue by taxpayers is preparing a refinancing that will pay its shareholders a handsome dividend that could run to hundreds of...

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