Lloyds Fined £28m For Sales Incentive Scheme

Lloyds Banking Group has been fined £28m for "serious failings" which rewarded sales staff with 'grand in your hand' bonuses, even when products they sold consumers were deemed unsuitable. The Financial Conduct Authority (FCA) said the penalty was the...

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RBS Finance Chief Bostock Quits After Ten Weeks

By Mark Kleinman, City Editor The new chief executive of Royal Bank of Scotland (RBS) suffered a huge blow on Tuesday when his finance chief quit less than 10 weeks after he joined its board. Sky News can exclusively reveal that Nathan Bostock,...

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GM Puts Brakes On Australia Car Production

Australia's auto industry has taken another step towards extinction following confirmation General Motors (GM) is to shut its Holden manufacturing plants by 2017 with the loss of 2,900 jobs. The Holden brand - which is GM's Australian equivalent of...

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US Budget Deal Should Avoid New Shutdown

Congressional negotiators have staged a rare show of bipartisanship to reach a modest US budget agreement, which should eliminate the threat of another partial government shutdown early next year. The plan - expected to be approved by both houses of...

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Tesco Blames Customers For Fruit And Veg Waste

By Anushka Asthana, Political Correspondent Tesco has accused its customers of contributing to food waste by shunning perfectly edible fruit and vegetables because they are "ugly or misshapen". A director at the supermarket said it wanted to "educate"...

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Tesco Bank To Offer Current Accounts

Tesco Bank is to start offering current accounts in 2014 as it moves to profit from the misfortunes of its biggest rivals. The bank, which was founded in 1997, is to create 600 new jobs in Glasgow and Edinburgh over the next few years as it expands...

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Twitter: Photos Now In Direct Messages

Twitter users can now send pictures privately to their followers using the direct message (DM) function. Images previously sent by DM had to be viewed via the external twitpic site, but now users can see them from within the message. The move is seen...

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Spending Squeeze: Household Priorities Shift

By Poppy Trowbridge, Consumer Affairs Correspondent Household spending on housing (excluding mortgages), fuel and power has surpassed transport for the first time in recent years, figures from the Office for National Statistics (ONS) show. We are...

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M&S Chairman To Aid Ministers' £20bn Sell-Off

By Mark Kleinman, City Editor The chairman of Marks & Spencer (M&S) is being tapped up by ministers to assist with plans to raise £20bn from state-owned asset sales by the end of the decade. Sky News has learnt that Robert Swannell, a City...

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Heathrow Investor Lines Up UK Airports Deal

By Mark Kleinman, City Editor The Spanish infrastructure giant which bought Heathrow Airport in a debt-fuelled deal seven years ago has lodged its interest in acquiring the company's remaining regional UK assets. Sky News has learnt that Ferrovial...

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