Oil Find Near Gatwick 'Clarified' By Owner

The company which reported a massive upgrade to an oil find near Gatwick Airport has conceded it was not in a position to properly size it up. Last week's announcement that up to 100 billion barrels, a potentially "world-class" discovery, had been...

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EU Charges Google With Abusing Market Position

The EU has formally charged Google with abusing its search market position in Europe, leaving it open to a fine of more than $6bn (£4bn). The European Commission has been examining whether Google, which holds about 90% of the search market in Europe,...

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Lib Dems: We'll Protect No 10 From 'Extremes'

Nick Clegg has warned against a coalition that would see Nigel Farage or Alex Salmond walk through the doors of Number 10 as he launched his party's manifesto. The Liberal Democrat leader said that come 8 May either David Cameron or Ed Miliband...

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Nokia To Buy Alcatel-Lucent In €16.5bn Deal

Nokia is to buy Alcatel-Lucent in a €16.5bn deal in an apparent bid to take on Ericsson and become the world's leading telecoms equipment firm. The all-share transaction, which has the support of the French government, will create a combined company...

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Shawbrook Banks On Cornish As New Chairman

By Mark Kleinman, City Editor One of the independent scrutineers of banking regulators' inquiry into the collapse of HBOS is to be named as the new chairman of Shawbrook, one of the start-up lenders spawned by the 2008 financial crisis. Sky News...

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China Figures Suggest Tough Landing Ahead

China's Statistics Bureau has published the country's GDP figure for the first quarter of 2015 - a growth rate of 7%. For most Western markets that's an enviable figure. For China though, it represents the slowest growth for six years. Yet the Chinese...

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Windsor Castle Staff Back Industrial Action

Staff described by their union as the "public face" of Windsor Castle have voted to take industrial action in a pay dispute. The 76 wardens, all members of the Public and Commercial Services (PCS) union, voted by 84% in favour of action short of a...

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Hands In Surprise Lunge For LA Fitness Chain

By Mark Kleinman, City Editor The investor Guy Hands has lodged a surprise bid to acquire LA Fitness, the gyms chain which last year underwent a painful financial restructuring to get back into shape. Sky News understands that Terra Firma Capital...

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Protester Attacks Draghi At News Conference

Protester Attacks Draghi At News Conference We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Protester In Stunt Against ECB Boss" Video: Protester In Stunt Against...

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Nigel Farage: 'We Want Our Country Back'

Nigel Farage has said his is the only party in the General Election with a "credible plan for immigration". Launching UKIP's Believe In Britain manifesto at a hotel in Thurrock, Essex, the party leader said the only way Britain could regain control...

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Touchbet Tycoon Gambles On Sporting Index

By Mark Kleinman, City Editor A little-known Swedish tycoon has emerged as the mystery buyer of Sporting Index, the world's biggest sports spread-betting operator. Sky News has learnt that Touchbet, which is based in Malta and is owned by a businessman...

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Supermarket Wars: Aldi Overtakes Waitrose

Aldi has overtaken Waitrose in terms of market share for the first time in the UK to become the country's sixth largest supermarket chain, according to the latest industry figures. Statistics published by Kantar Worldpanel for the 12 weeks ending...

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Hundreds Of Flights Cancelled By France Strike

Hundreds of flights to and from Britain have been cancelled due to a strike by air traffic controllers in France. No frills airline Ryanair said it had axed more than 250 services while British Airways has warned of significant delays for the...

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Everything You Need To Know About Non-Doms

Who are the non-doms, what tax do they avoid and who introduced these rules anyway? Here is all you need to know. :: What is non-dom status? Non-domiciled status can be claimed where you are living in the UK but your father or grandfather was resident...

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BG Group Backs £47bn Shell Takeover Offer

Struggling energy producer BG Group is recommending to shareholders a takeover offer worth £47bn from Royal Dutch Shell. Details of the mega merger - the biggest in the industry for a decade - were released in a statement to the London Stock Exchange...

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Digital Lender Atom Taps Investors For £75m

By Mark Kleinman, City Editor The UK's first digital-only bank is tapping investors for £75m in fresh funding as it inches towards a green light from regulators that will enable it to open for business within months. Sky News understands that Atom...

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Amazon Founder To Launch Spaceship This Year

Amazon's billionaire founder Jeff Bezos is to launch a spaceship which could one day take passengers into Earth's orbit. His space firm Blue Origin has finished testing the rocket engine which will power the New Shepard craft - and if the test flights...

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Jewellery Heist: Gems 'Already Out Of Country'

Gems stolen in one of the largest and most daring jewellery heists ever will already be out of the country, a former Flying Squad chief believes. Jewellery and precious stones, which could be worth millions of pounds, were snatched by thieves from...

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Labour Would Abolish 'Non-Dom' Tax Status

By Jason Farrell, Senior Political Correspondent Ed Miliband has defended his policy to abolish non-dom status after it emerged the shadow chancellor recently said scrapping the tax rule would cost the country money. The Labour leader unveiled plans...

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Shell's £47bn Gamble On Price Recovery

Royal Dutch Shell's £47bn swoop on BG Group is a classic piece of opportunism. BG Group had been going through a torrid time even before the collapse in oil and gas prices and its new chief executive, Helge Lund, is only days into the job. BG's share...

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ASOS Profits Take Hit After Warehouse Fire

Online fashion retailer ASOS has seen its profits hit after last year's warehouse fire. The firm has reported a 10% fall in its pre-tax profit to £18m in the six months to the end of February. This is down from £20m for the same period last...

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'Google Tax' In Force To Tackle Avoidance

Multinationals which shift their profits offshore to avoid tax now face being slapped with a levy. The diverted profits tax (DPT), which has come into force, aims to crackdown on the controversial practice which has sparked criticism of companies...

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China Coup With Rival To US-Led World Bank

The world order is shifting. Historians may well look back at 2015 as providing some significant punctuation marks in this global rebalance. America has received a bloody nose. At midnight, Beijing time, on Tuesday, China announced that no less...

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M&G Fund Manager Scoops £15m-Plus Pay Deal

By Mark Kleinman, City Editor A top fund manager at M&G Investments has scooped a £15m-plus pay deal for the second consecutive year, cementing his status as one of the highest-paid executives at a London-listed company. Sky News can reveal that...

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UK Economic Growth Almost Tops 2006 Figure

Revised official figures show that the UK economy grew last year at the fastest pace since 2006. The Office for National Statistics (ONS) said the economy expanded at 2.8% in 2014, approaching the figure of 3% seen eight years before. The ONS boosted...

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Tories Woo New Backers As Boots Boss Says No

By Mark Kleinman, City Editor The Conservatives have embarked on a fresh attempt to court backing from the business community hours after the publication of a letter warning against "a change in (economic) course" pursued by a Labour administration....

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