Lloyds Boss Praises Coalition On Economy

The chief executive of Lloyds Banking Group has told Sky News that Government action in support of first-time home buyers is already proving a "game changer for the British economy". The boss of Britain's largest mortgage lender, Antonio Horta-Osorio,...

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Balcombe Fracking Operations Suspended

Cuadrilla has withdrawn an application seeking a six-month extension of its oil exploration operations in a Sussex village which has become the centre of protests against fracking. The company said it has decided to submit a new planning application...

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Treasury Mulls Plan For £30bn RBS Bad Bank

By By Mark Kleinman, City Editor The Treasury is examining proposals for a 'bad bank' at Royal Bank of Scotland (RBS) that would contain just £30bn of toxic loans, less than one-third of the sum originally envisaged by ministers seeking to bolster...

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20% Of Workers Earn 'Below Living Wage'

One in five British workers now earns below the so-called living wage, it has been claimed. According to the Resolution Foundation 25% of women and 15% of men were paid below the living wage in April last year, when the wage benchmark was calculated...

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Olympus Cash Scandal: UK Launches Prosecution

The Serious Fraud Office (SFO) is to prosecute Olympus and its UK subsidiary in connection with an accounting scandal at the Japanese camera and medical equipment maker. The news was confirmed two months after a Japanese court handed suspended jail...

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Ryanair To Cut Flights Amid Profit Turbulence

Ryanair is to reduce flying schedules this winter after seeing its profit hopes dented by growing headwinds including weaker summer demand. Shares in the no-frills carrier plunged by 14% soon after it issued the profit warning, just a month after chief...

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Economy: Recovery 'Better Than Forecast'

The cautious outlook for UK economic growth is being challenged as closely-watched indicators show a burst of activity. A rush of new business last month drove the service sector, which makes up 75% of UK output, to its fastest growth rate for more...

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Saga Customers Lined Up To Back £3bn Float

By Mark Kleinman, City Editor The owners of Saga, the travel and insurance provider for the over-50s, are preparing to revive a six-year-old plan to float the company that would include one of the largest share offers to retail investors for years....

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Banks 'Pay Up' Over Rate Swap Mis-Selling

The Financial Conduct Authority (FCA) has come under fire after it confirmed just ten firms had agreed compensation with banks over the mis-selling of interest rate swaps. The regulator announced that banks had paid out £500,000 to date but said the...

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Ex-M&S Boss Sir Stuart Rose Takes HSBC Role

By Mark Kleinman, City Editor Sir Stuart Rose, the former boss of Marks & Spencer (M&S), is adding to his portfolio of roles by taking on an advisory post with HSBC, Europe's biggest banking group. Sky News understands that Sir Stuart has...

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