UK Wholesale Gas Prices Hit New Low

British wholesale natural gas prices hit a two-and-a-half-year low on Wednesday, as warm weather continues to drive down demand. Reaching their lowest price since October 2011, gas prices for next-day delivery traded at 48.6p per therm, down 1.75p on...

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Asos Profit Plunges 22% Despite Sales Boost

Online fashion retailer Asos has seen its half-year pre-tax profit plunge by 22%, despite retail sales being up by a third in the UK. The fall comes as the firm steps up expenditure on IT and distribution facilities for future growth expectations. ...

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Domino's Sales Boosted By Online Orders

Domino's Pizza has posted a 10.8% rise in quarterly sales in the UK, with nearly three-quarters of orders now made online. The company said it posted a 10.8% rise in first quarter underlying sales in the UK. It said the sales increase in the 13 weeks...

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Kellogg and Weetabix Wage Battle For Dorset

By Mark Kleinman, City Editor Three of the titans of Britain's breakfast tables are waging a battle to win control of the privately-owned Dorset Cereals. Sky News understands that Jordans, which is owned by Associated British Foods (ABF), Kellogg...

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Lufthansa Cancels 900 Flights As Pilots Strike

German airline Lufthansa has cancelled 900 flights as the pilots' union launched a three-day strike over wages. More than 425,000 passengers are expected to be affected during the period, which will see a total of 3,800 flights called off. Germany's...

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GM CEO Faces New Congress Hearing Over Safety

General Motors boss Mary Barra has promised changes to avert a repeat of safety issues linked to 13 deaths, as she faced a new Congressional hearing. "That is not how GM does business," said Ms Barra, who took over as CEO less than three months ago....

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Paym 'Pay By Phone' System: Banks Sign Up

A system which allows mobile phone users to send and receive money from their handsets without the need to swap account details has won the backing of most high street banks. Customers can now register their devices ahead of the Paym - pronounced 'pay...

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Chrysler Recalls 867,795 SUVs Over Brake Concerns

Chrysler Group is recalling 867,795 SUVs to install a shield that protects brakes. It comes following an investigation by the company that was prompted by customer complaints about stiff brake-pedals. The models under inspection are the Jeep Grand...

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Nationwide - Home Prices Up 10% In Last Year

Average house prices have risen by nearly 10% in the last year, according to a property survey. Nationwide said year-on-year prices were up 9.5% in March, the biggest annual jump since mid-2010. The March figure was up on the 9.4% recorded in February...

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Cowdery Nets £200,000 Profit After FCA Fiasco

By Mark Kleinman, City Editor The founder of the closed life insurer Resolution has netted a profit of almost £200,000 on shares he bought after last week's botched launch of a probe into the sector by the City regulator. Sky News can reveal that...

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