Lebedev Found Guilty Over TV Chat Show Brawl

Media magnate Alexander Lebedev has been found guilty of battery over a brawl on a TV chat show in his native Russia. The financial backer of Britain's Independent and Evening Standard newspapers was sentenced by a court in Moscow to 150 hours of community...

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Business Confidence 'Back At 2007 Level'

British business confidence has hit its highest level since 2007, in fresh evidence that the economy is recovering from the financial crisis. The finding, in the British Chambers of Commerce's quarterly economic survey, was backed by a pick-up in exports...

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Banks To Unleash Ad Blitz In Switching War

Britain's biggest banks are preparing to unleash an advertising blitz costing tens of millions of pounds in an attempt to protect their market share as new rules are introduced to encourage speedier account transfers between rivals. Sky News has learnt...

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Heywood: 20-Year Battle To Fix UK Economy

Britain is in a "20-year generational battle" to rescue the economy, according to the country's most senior civil servant. Cabinet Secretary Sir Jeremy Heywood has suggested drastic austerity measures implemented by the coalition may have to go further....

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RBS Orders Lending Review Over Untapped £20bn

Royal Bank of Scotland (RBS) is reviewing its small business lending practices and standards after uncovering £20bn in untapped cash. The excess money, RBS said, was a result of having £20bn more in small business deposits than being loaned out to such...

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Portugal: Markets Fall As Crisis Deepens

Portugal's financial crisis has reignited, triggering a stock market plunge and once again raising the spectre that its borrowing costs could soon become unsustainable. Share prices plummeted 6% in early trading on Wednesday and other major stock markets,...

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Electricity Theft: Ofgem Urges Crackdown

The energy regulator could force electricity suppliers to tackle power theft because of the growing cost to households. Ofgem estimates that 25,000 cases of electricity theft annually cost law-abiding consumers £200m - or £7 per household - with a third...

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Olympus Scandal: Bosses Spared Prison

The former president of Olympus and two senior executives have received suspended jail terms for their roles in the £1.1bn accounting scandal at the camera and medical equipment-maker. The fraud emerged in 2011 when the company's then-chief executive,...

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Nicole Farhi Goes Into Administration

Administrators have been appointed following the collapse of luxury fashion chain Nicole Farhi. Restructuring specialists Zolfo Cooper confirmed the news, following a turbulent few years for the clothing, accessories and homewares retailer which was...

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Seven Banks To Deliver Royal Mail Sell-Off

By Mark Kleinman, City Editor Ministers have finalised the line-up of City bankers working on the privatisation of Royal Mail, underlining the Government's determination to press ahead with the sale despite intensifying trade union opposition. ...

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