Apple App Store Sales Hit $10bn For 2013

Apple says it sold $10bn (£6.1bn) of apps last year, including $1bn (£610m) in December alone. The festive sales translate to more than three billion app purchases in one month - a new record for the App Store - and includes downloads to iPhone, iPad...

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New Look Christmas Sales Heap Pressure On M&S

By Mark Kleinman, City Editor The fashion retailer New Look enjoyed positive like-for-like sales during the crucial Christmas trading period, heaping further pressure on Marks & Spencer (M&S), its embattled rival. Sky News has learnt that...

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Xmas Discounting 'Strongest For Seven Years'

The scale of the discounting deployed by stores to attract Christmas shoppers has been laid bare in a report which identified a "double whammy of good news" for consumers. According to a survey by the British Retail Consortium (BRC) and researchers...

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Co-Op: Regulator Stands By Flowers Decision

A senior City regulator has told MPs he stands by his decision to approve the appointment of disgraced former Co-op Bank chairman Paul Flowers, arguing it was "correct at the time". Clive Adamson, director of supervision at the Financial Conduct Authority...

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JPMorgan To Pay Over $2bn In Madoff Scheme

JPMorgan Chase has agreed to pay more than $2bn (£1.2bn) to settle claims related to Bernard Madoff's Ponzi scheme. The bank will pay $1.7bn to settle criminal charges and a $350m civil penalty for what the Treasury Department called "critical and widespread...

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Treasury Takes Step Towards £19bn Lloyds Sale

By Mark Kleinman, City Editor The agency which manages taxpayers' £19bn stake in Lloyds Banking Group has asked Britain's biggest high street lender to work on plans for a share sale to the general public. Sky News has learnt that UK Financial...

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Minimum Alcohol Pricing: Criticism Over U-Turn

Health experts have accused the Government of "dancing to the tune of the drinks industry" after an investigation found ministers met representatives dozens of times before scrapping plans for minimum alcohol pricing. Figures obtained by the British...

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Mothercare Shares Slide 30% After Dire Xmas

Some of the biggest names in UK retail have reported varying fortunes for Christmas trading, with Mothercare's shares taking a massive hit after it issued a profits warning. Mothercare, which operates in 60 countries, said group sales fell 6.1% in the...

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Shock Pay Statistic On 'Fat Cat Wednesday'

A campaign group suggests top executives who returned to work on Monday had earned more money by mid-morning on Wednesday than the average worker does in a year. The High Pay Centre has dubbed January 8 "fat cat Wednesday", based on average remuneration...

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Energy Consumers 'Worse Off' After Bill Cuts

A consumer group claims households will remain worse off after the last of the major energy firms confirmed reductions to bills after the Government's green levy shake-up. npower said dual fuel households would receive a £38 discount, expected...

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