SSE Sees Profit Up 9.6% Amid Price Hikes

Energy giant SSE has seen its full-year adjusted pre-tax profit rise by 9.6% to £1.55bn, just months after announcing price increases. But it saw the retail division operating profit fall 28.6% to £292m in the year to March 31 as energy usage plunged...

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UK Retail Sales Growth Hits 10-Year High

A late Easter helped boost UK retail sales to a 7.7% growth rate year-on-year, officially relased figures have revealed. The Office for National Statistics (ONS) said retail sales volumes jumped by 1.3% on the March figure, and 6.9% on the year - the...

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Food Worth £1bn Wasted Every Year Across UK

By Poppy Trowbridge, Consumer Affairs Correspondent Food worth £1bn is wasted in the UK every year before it even reaches our fridges, according to figures obtained by Sky News. Damage, flawed appearance and the cost of recycling are just some...

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Buyout Giants Team Up For Sub-Prime Lender

By Mark Kleinman, City Editor Two of the world's biggest private equity groups have joined forces to mount a takeover bid for Kensington, one of the UK's biggest specialist mortgage lenders. Sky News understands that Blackstone and TPG will table...

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House Prices Up As PM Mulls Help To Buy Future

House prices have risen 8% in the year to March, figures have shown, as David Cameron said he would "consider" changes to the Help To Buy scheme if advised to do so by the Bank of England. While the increase is down on the 9.2% rise announced in February,...

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Royal Mail Launches Sunday Parcel Deliveries

Royal Mail is to start delivering parcels and opening delivery offices on Sundays, in response to the rapid growth of online shopping. The recently-privatised firm says parcels will be delivered on Sundays later this summer to addresses within the M25. ...

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China Signs Russian Gas Deal 'Worth $400bn'

Is Wiley Putin Really Like Hitler? Updated: 12:46pm UK, Wednesday 21 May 2014 By Sam Kiley, Foreign Affairs Editor It's an opportunity for a brief snigger, a moment of international schadenfreude, the moment of guilty pleasure at someone else's...

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Advent Interest In Mothercare Bid Falters

By Mark Kleinman, City Editor One of the City's biggest private equity firms has been mulling a takeover bid for Mothercare, the struggling high street chain. Sky News understands that Advent International, an experienced investor in the retail...

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Ebay Users Urged To Change Their Passwords

By Tom Cheshire, Sky Technology Correspondent Ebay has asked its users to change their passwords following a cyberattack that compromised the site's database. The database, which was compromised between late February and early March, involved hackers...

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New French Trains Too Wide For Platforms

New trains ordered in a £2.43bn deal to expand the network in regional France have been found to be too wide for many of the platforms. A total of 1,300 platforms out of a total of 8,700 will need to be modified to accommodate the new trains, it has...

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