Conway's Console: The Recovery Where You Live

The recession is over and the recovery is under way. Of course, that's welcome news - not just for the Chancellor but for the country as a whole. But one of the most striking features of this recovery is that, all too often, the national story is quite,...

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Downing St: US Contract Ban On BP 'Excessive'

The Government has shown its support for BP in a legal dispute over a ban on the oil giant winning federal contracts in the US following the Gulf of Mexico disaster. In a filing to a court considering BP's attempt to lift the ban, the UK Government...

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Royal Mail And Union Reach Deal On Pay

A proposed deal has been agreed between the Royal Mail and union leaders on pay, pensions and other issues linked to the privatisation of the postal group. The Communication Workers Union (CWU) had been threatening industrial action in the run up to...

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RBS And Natwest Glitch: Branches Open Early

More than one thousand Natwest and RBS branches opened early on Wednesday to help customers resolve outstanding issues with their accounts after Monday's technical glitch. All of the high street banks' systems went down for three hours on one of the...

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Moulton Sizes Up Bid For Ailing Pawnbroker

By Mark Kleinman, City Editor The veteran investor Jon Moulton is sizing up a takeover bid for the embattled pawnbroking chain Albemarle & Bond (A&B). Sky News has learnt that Better Capital, Mr Moulton's investment firm, is among a pack...

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Eurostar: Government's 40% Stake Up For Sale

The Government is to sell its 40% stake in Eurostar in a move that could raise up to £10bn as part of a new privatisation project. The sale is part of a plan to privatise £20bn of financial and corporate assets by 2020, but is likely to spark accusations...

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Tesco UK Sales: Setback Blamed On Economy

Tesco's UK recovery strategy is facing renewed scrutiny after it confirmed a third-quarter decline in underlying sales. Britain's biggest retailer is 20 months into a turnaround plan for its main UK business, which has seen more than £1bn invested...

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Banks Fined Record £1.42bn For Rate-Rigging

Eight global banks have been fined a combined £1.42bn by the European Commission for forming illegal cartels to rig benchmark interest rates. Royal Bank of Scotland (RBS) was handed a £325m penalty for its role though Barclays was spared a bill...

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Metro Bank Raises £385m After Buoyant Demand

By Mark Kleinman, City Editor Metro Bank is to raise almost £400m from a combination of existing and new investors following buoyant demand for shares in Britain's first new high street lender for more than 100 years. Sky News has learnt that Metro...

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Hewlett-Packard To Cut 1,100 UK Jobs In 2014

Hewlett-Packard (HP) has confirmed it is planning to cut 1,100 jobs at the start of 2014 from three UK sites. The US-based firm - which remains the world's biggest maker of PCs - will axe 1,124 posts in total from its operations in Bracknell, Sheffield...

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