Tech Giants Targeted To Pay More In Tax

By Tom Cheshire, Technology Correspondent Chancellor George Osborne singled out the low taxes being paid by tech giants in his Autumn Statement and vowed to tax them. The "diverted profits tax" will target those companies that use elaborate off-shore...

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Autumn Statement: The Key Points At A Glance

The main measures and forecasts as outlined by the Chancellor George Osborne in his Autumn Statement: TAX :: Stamp Duty rates overhauled. Top rate now 12% on properties worth more than £1.5m effective from midnight Wednesday. There will be no...

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Ladbrokes Begins Search For New Chief Exec

Ladbrokes is beginning a search for a new chief executive as Richard Glynn prepares to leave the business. The bookmaker made the unusual announcement in a statement to the stock exchange which confirmed he intended to remain in charge until a successor...

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Russell Brand Threatens To Sue Over Rent Row

Actor and comedian Russell Brand has threatened to take legal action over a report containing claims about his housing arrangements. The comedian and actor, who has been campaigning over the rising cost of homes in the UK, has been also been adding...

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Union Secures Jaguar Land Rover Pay Deal

UK workers at Jaguar Land Rover (JLR) are to be balloted on a new pay offer, weeks after talks broke down and sparked threats of industrial action. Staff affiliated to the union Unite had reportedly demanded a bonus and a salary increase of more than...

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UK Households Spend More Than They Earn

Households with a single bread-winner spent more than they earned last year, as the typical outgoings of families increased, official figures show. The Office for National Statistics (ONS) said its Family Spending report found that households spent...

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Big Tobacco Firms Offer 'Misleading Evidence'

Most studies that show the negative impact plain cigarette packets would have on the economy are funded by "big tobacco" firms, according to a damning report. Such companies have warned standardised packaging would fuel a black market in cigarettes...

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Osborne Announces Historic Stamp Duty Reform

Historic changes to one of the UK's "most damaging" taxes have formed the centrepiece of George Osborne's Autumn Statement. The Chancellor said he was abolishing the "slab rate" of stamp duty - which means huge increases in tax when house values enter...

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Shawbrook Bank Eyes Float After Osborne Boost

By Mark Kleinman, City Editor One of the fastest-growing lenders to small and medium-sized companies (SMEs) is poised to accelerate plans for a stock market listing in the wake of fresh Government support for the sector. Sky News has learnt that...

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Security Threat Fear Over Mobile Blackspot Plan

New laws which would force mobile firms to improve coverage in signal blackspots could threaten national security, the Home Secretary has claimed. Theresa May has raised concerns over the plans to force companies to allow users to switch between networks...

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Credit Threat To Child Maintenance Dodgers

Parents who refuse to pay child maintenance face being turned down for credit cards and mortgages. Under government plans, details of those who default on contributions towards their child's upbringing will be shared with credit reference agencies,...

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Interest Rate Hike 'Knocked On The Head'

A slowdown in the UK's economic recovery means there is no prospect of an interest rate increase, according to a closely-watched report on activity. The Markit/CIPS services purchasing managers' index (PMI) for October came in at a 17-month low...

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Flood Defences At Risk With Funding Squeeze

A lack of cash for flood defences is increasing the risk of serious problems in many areas if winter storms hit, a spending watchdog has warned. The National Audit Office (NAO) says half of the country's flood defences - more than 1,300 schemes -...

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Dating Site For People With STIs Fined £10m

A dating website for people with sexually transmitted infections has been ordered to pay out $16.5m (£10.3m) after sharing a user's profile with millions of people despite promising confidentiality. A lawsuit alleged that the plaintiff - known only...

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EU Migrants Pay In More Than They Take - Study

EU migrants contribute more to the UK in taxes than they receive in benefits and services, according to new research. But the study showed those arriving from outside Europe over a 17-year period took more from the public purse than they put back...

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Christmas Costs 'Falling' Amid Price War

A retail industry body has said Christmas shoppers look set to benefit this year as it charts falling shop prices, with food costs growing at their lowest level since at least 2006. The British Retail Consortium's (BRC) shop price index for October,...

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Chinese Tycoon Buys Van Gogh Poppies For £39m

A rare piece of art by Vincent van Gogh has reportedly been sold to one of China's richest men for £39m ($62m). Wang Zhongjun, chairman of the high-powered Huayi Brothers film studio, has become the latest businessmen to pay an eyebrow-raising amount...

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Ex-Swinton Execs Fined Over Mis-Selling

The City regulator has fined, and banned from top financial services jobs, three former executives at Swinton Insurance over historic mis-selling scandals. The Financial Conduct Authority (FCA) announced the penalties against the individuals after...

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M&S Profits Up But Warm Autumn Hits Clothing

M&S has reported a 2.3% rise in half-year profits, but said its troubled clothing division was hit by an unseasonably warm September. The retailer's latest results marked a 13th consecutive quarterly fall in underlying sales of general merchandise,...

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RBS Seeks To Shut Down Payday Loan Brokers

Royal Bank of Scotland (RBS) has told Sky News it is actively working to close payday loan brokers. The group, which includes the Natwest and Ulster Bank brands in its stable, said that between July and August alone it was receiving 650 complaints...

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Yorkshire Building Society Fined £4.1m

The City watchdog has fined Yorkshire Building Society (YBS) more than £4.1m for failures in its dealings with thousands of mortgage customers. The Financial Conduct Authority said that between October 2011 and  July 2012, short-comings by call...

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Energy Crunch: Don't Expect Return To 1970s

Are you ready for winter? This question is at the heart of today's National Grid Winter Outlook report. The weather is predicted to reach around 20 degrees in some parts of the UK on the final day of October this year so it's no wonder consumers...

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Lloyds Cuts 9,000 Jobs And 200 Branches

Lloyds Banking Group has confirmed 9,000 job losses and 200 branch closures as it moves to bolster its digital banking offering through a £1bn investment over three years. The bank - 25%-owned by the taxpayer - said the job and branch cuts would take...

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Energy Crunch: Plan To Keep The Lights On

National Grid has warned the UK may be forced to resort to emergency measures to keep the lights on if bad weather strikes this winter, with households picking up the bill. Its annual Winter Outlook report looking at the capacity margin - the gap...

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Facebook Shares Slip On Cost Growth Warning

A leap in mobile advertising revenue helped Facebook almost double profits in its third quarter but shares fell 10% after it warned about higher costs ahead. The social network's figures, which confirmed profits at $801m (£496m) and a 59% jump...

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Nintendo Makes Surprise Return To Profit

Nintendo achieved a surprise return to profit in its second quarter following four years of annual losses. The struggling Japanese video game maker made an operating profit of 215m yen (£1.2m) for the period between July and September, compared...

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Bankruptcies At Lowest Level Since 1999

The number of bankruptcies has fallen to its lowest level since 1999, according to official figures. The Insolvency Service charted steep drops in both company and personal insolvencies in the third quarter of the year compared to the same period...

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Warm Weather Deals Blow To Clothing Retailers

Shares in the UK's biggest clothing retailers have been hit after Next reduced its full-year profits guidance by £25m blaming unseasonably warm weather. The country's second-largest clothing retailer, which had warned one month ago that a lack of...

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Tesco Faces Criminal Probe Over Profits Crisis

The Serious Fraud Office (SFO) has launched a formal criminal probe into Tesco's accounting crisis that led the UK's biggest retailer to overstate profits by £263m. The news was confirmed by both the supermarket chain and SFO, hours after Sky News...

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Tesco Yet To Hand Finance Chief £1m Payoff

By Mark Kleinman, City Editor Tesco has not yet handed over a near-£1m payoff to its former finance director just days before a deadline for the UK's biggest retailer to compensate him under the terms of his contract. Sky News has learnt that Tesco...

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Government Failing To Deport Foreign Criminals

By Tom Parmenter, Sky News Correspondent The Government has come under fire from victims of crime for failing to deport hundreds of foreign criminals. A damning report by the National Audit Office (NAO) revealed 760 foreign national offenders awaiting...

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Keystone Pipeline A Nasty Headache For Obama

By Hannah Thomas-Peter, Sky Correspondent In Nebraska The proposed Keystone XL oil pipeline is one of the most controversial projects on American soil, and a nasty headache for Barack Obama. He must approve it because it runs across a national border,...

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Breaking Bad Dolls Pulled By Toys R Us

Toys R Us has responded to calls from Florida mothers and has removed its four collectible Breaking Bad dolls from the shelves. The dolls are based on the series about Walter White, a high school chemistry teacher who turns into a crystal meth dealer,...

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PM Praises 'Northern Powerhouse' Vision

A blueprint to boost the economic might of cities in northern England has won support from David Cameron. The Royal Society's City Growth Commission report says cities such as Manchester, Liverpool, Leeds and Sheffield should set their own tax, immigration...

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Apple Warns Users Over Chinese iCloud Attack

Apple has acknowledged the iCloud security threat for the first time, posting a new security warning for users of its online service. In a post on its support site the technology giant said: "We're aware of intermittent organised network attacks using...

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China Growth Weakest Since Financial Crisis

The slump in China's property market contributed to a further slowdown in the country's economic output in the third quarter of the year. Official figures showed GDP growth at its weakest level since early 2009 during the period, rising by 7.3%...

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