Co-op Bank Review Sparks Pay Clawback Demand

The Main Findings Of The Co-op Bank Review Updated: 10:38am UK, Wednesday 30 April 2014 The review by Sir Christopher Kelly into what went wrong at the Co-operative Bank is summarised below: :: THE REVIEW The independent review was commissioned in...

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WPP Boss Nets £29m After Share Payout

By Mark Kleinman, City Editor Sir Martin Sorrell's status as one of Britain's best-paid businessmen will be cemented on Wednesday when the company he founded discloses that he earned close to £30m last year. Sky News can reveal that Sir Martin,...

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More Disruption As Tube Strike Draws To End

Commuters in London face more disruption during their journey home on Wednesday as the final hours of a Tube strike takes place. The 48-hour strike, called by members of the Rail, Maritime and Transport (RMT) union, ends at 9pm, but Underground services...

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Tablets Boost 'Silver Surfer' Web Use

By Tom Cheshire, Technology Correspondent The number of older people going online has soared, driven by the uptake of tablet devices and smartphones, according to Ofcom. Among those over 65, internet use rose by 25% in just a year, mainly because...

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Xbox One To Hit China After Console Ban Lifted

Microsoft has announced it will launch the Xbox One in China after a 14-year-old ban on consoles was lifted. It becomes the first foreign country to announce the sale of a console since the ban was rescinded in January. Gaming consoles were banned...

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Fat Face Rides IPO Wave With London Listing

By Mark Kleinman, City Editor The high street fashion chain Fat Face will on Thursday become the latest big name from the retail sector to declare its desire to seek a listing on the London Stock Exchange. Sky News has learnt the private equity-backed...

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Twitter Stock Down 12% As It Posts $132m Loss

Twitter shares fell 12% on opening in New York on Wednesday after the social network's latest results disappointed investors. Shareholders were looking for stronger user growth than the company reported in its first quarter statement following the market...

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1.4 Million Workers On Zero-Hours Contracts

A report estimates there are 1.4 million UK workers on contracts that do not guarantee minimum hours, as a union claims many on controversial 'zero-hours' contracts are paid less than the living wage. The Office for National Statistics (ONS) said most...

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UAE Ambassador To Head Trade Promotion Body

By Mark Kleinman, City Editor The Foreign Office mandarin who led the UK's response to the devastating Asian tsunami in 2005 is to be named as the head of the Government's trade promotion agency. Sky News has learnt that Dominic Jermey, the current...

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IMF: Ukraine Crisis Sparks Russia 'Recession'

The International Monetary Fund (IMF) has warned Russia is already in recession as a result of the effects of the crisis in Ukraine. An economist working for the organisation, Antonio Spilimbergo, made the comment while confirming a huge downgrade in...

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