Report: Average House Price Up 8.8% In 2013

UK house prices climbed by an annual rate of 8.8% in January, extending the fastest pace of increase since 2010. According to the Nationwide, values were up in January by 0.7% month-on-month, making the average home worth £176,491. The high street...

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PayPoint To Name Warren Tucker As Chairman

By Mark Kleinman, City Editor The listed payment services provider PayPoint is poised to name a former executive at engineering group Cobham as its next chairman, bringing the incumbent's 15-year reign to a close. Sky News understands PayPoint...

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Economy Grows At Fastest Rate Since Crash

The British gross domestic product (GDP) figure for the fourth quarter of 2013 stood at 0.7%, with growth for the full year reaching 1.9%. Output for 2013 reached its fastest annual rate of growth for six years, according to the Office for National...

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Nintendo Profit Plunges 30% On Wii Woes

Japanese games manufacturer Nintendo has seen its nine-month profit plunge by 30%, prompting its boss to cut his pay in half. The slump was blamed on poor sales of the Wii U console as gamers flock to the Microsoft Xbox One and Sony PlayStation 4. ...

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Sainsbury's Shares Drop As Justin King Quits

What Has Justin King Done As CEO? Updated: 11:17am UK, Wednesday 29 January 2014 The outgoing chief executive of Sainsbury's, Justin King, has been credited with turning the retailer around during the last 10 years, with an impressive list of achievements...

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Mulberry Value Plunges After Warning Issued

Luxury British fashion firm Mulberry has seen up to £140m wiped from its value, after issuing a dramatic profit warning. It said annual profit would be "substantially" below forecasts due to heavy discounts in the Christmas period in Britain. The company's...

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Lloyds Eyes Takeover Deals In 'Symbolic' Move

By Mark Kleinman, City Editor Lloyds Banking Group has begun scouting for takeover deals that would mark a symbolic step in its recovery from the financial crisis that left UK taxpayers as its largest shareholder. Sky News has learnt that Lloyds...

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West End Theatre Ticket Sales At Record High

Charlie and the Chocolate Factory and The Book of Mormon helped London's West End enjoy a record year for ticket sales. Box office figures released by the Society of London Theatre (SOLT) showed overall attendances were up 4% from the previous year...

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Carney Warns Of Risks Of Scots Independence

By Ed Conway, Economics Editor Scotland will have to settle for less independence than most other nations enjoy if it secedes from the United Kingdom, the Bank of England Governor has warned. Mark Carney warned of "clear risks" associated with...

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Flooding: Cameron Vows Rivers Will Be Dredged

David Cameron says he will "rule nothing out" in tackling flooding in the Somerset Levels, as he warned that political arguments must not delay help for frustrated residents. The Prime Minister told MPs that the current situation was not acceptable...

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