British Gas Defends Cold Winter Profits Boost

British Gas has said higher costs largely wiped out profit growth from the unusually cold winter in the first half of its financial year. Profits for the residential energy business in the six months to June 30 grew by 3.2% to £356m. While the company...

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Nazi Gold Moved And Sold By Bank Of England

The role the Bank of England (BoE) played in moving and selling gold looted by the Nazis has been revealed in a previously unpublished file. A record from the bank's archive shows it transferred £5.6m of gold from Czechoslovakia on behalf of Germany's...

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RBS Hunt For Hester Successor Nears Climax

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) hopes to announce the appointment of a new chief executive on Friday as its search for Stephen Hester's successor narrows to internal contenders. Sky News understands that RBS directors...

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Car Insurers Rapped Over Whiplash Fraud

Insurance companies have been told to "get their house in order" and end the additional cost to drivers from fraud and exaggeration in whiplash injury claims. A report by the House of Commons Transport Committee said industry practices encouraged bogus...

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Supermarket Wars: Tesco Sees Off Ad Challenge

It has been confirmed that Tesco's 'Price Promise' has seen off a challenge from its biggest rival, which claimed the campaign misled consumers. Sainsbury's made a formal complaint to the Advertising Standards Authority (ASA) about Tesco's money-back...

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China 'Owes Hollywood Millions For Films'

Hollywood studios are waiting for millions of dollars after a film organisation in China stopped paying royalties for blockbusters like Man of Steel and Skyfall. The China Film Group, the only organisation allowed to import foreign films into the country,...

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Ryanair Raises Hold Baggage Charges By 66%

Ryanair has raised the cost for passengers taking luggage in the hold of its planes from 30 euros to 50 euros (£43.60) for the summer. The no-frills carrier's chief executive Michael O'Leary, who made the announcement at the height of the holiday getaway,...

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Metro Bank Closes In On SME Invoice Purchase

By Mark Kleinman, City Editor Metro Bank, the first new retail lender on Britain's high streets for more than a century, is closing in on its first-ever acquisition as it attempts to accelerate its challenge to the industry's major players. Sky...

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Rihanna Wins Topshop Image Rights Fight

Singer Rihanna has won her High Court battle with fashion chain Topshop over T-shirts bearing her image. The Barbadian singer accused the fashion chain of passing off, or attempting to pass off, the garments as being approved by her. Topshop disputed...

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US Economy Grew 1.7% In Second Quarter

The US economy grew at an annualised rate of 1.7% in the second quarter of the year - a better performance than most economists had predicted. The Commerce Department said growth improved from a sluggish 1.1% rate in the January-March quarter, which...

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