Haversham Drives Off With £1.2bn Car Dealer

By Mark Kleinman, City Editor Britain's biggest seller of secondhand cars is to reverse onto the London stock market in a £1.2bn deal that could be announced within hours. Sky News has learnt that British Car Auctions (BCA) is in the final stages...

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Bank Lacks Robust Crisis Management - Report

A failure of the Bank of England's interbank payments system last year showed it was not fully able to handle a crisis in the financial system, a report has found. The Real Time Gross Settlement (RTGS) system went down for nine hours on 20 October...

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Balfour Beatty Makes New £118m Risk Provision

The crisis in Balfour Beatty's UK construction business has resulted in the company making further provisions of £118m - on top of a £205m hit already announced. The development was contained in the troubled infrastructure firm's final results for...

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Inflation Hits 0% As Food Costs Fall Further

Inflation Hits 0% As Food Costs Fall Further We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Food prices are falling as a supermarket price war continues Falling food prices...

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Banks To Carry On Closing Despite Cable Deal

By Mark Kleinman, City Editor Britain's banks will pledge this week to continue investing in their branch networks "for decades to come" despite signing an agreement enabling them to close outlets even when they are the final one in a local community....

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China Unveils Lightweight 3D-Printed Car

Chinese engineers have unveiled their country's first 3D-printed car. The 3.6-metre long (11.9ft) and 1.63-metre (5.5ft) wide vehicle was made within five days using low-cost composite materials in south China's Hainan Province. Chief designer Chen...

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Kraft Gobbled Up By Heinz In Mega Merger

Heinz has confirmed it has agreed a merger with Kraft in a deal that would create the world's fifth largest food and drinks company worth approximately $80bn (£54bn). A statement confirmed the new firm would be called Kraft Heinz and, subject to Kraft...

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Women On Boards: 'Enormous' Progress Made

A 25% target for the number of women on FTSE 100 company boards this year is close to being met already following "enormous" progress, according to the latest figures. The voluntary milestone was set by the former trade minister Lord Davies in 2011...

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Ex-Centrica Chief To Hand Bonus To Charity

By Mark Kleinman, City Editor The former boss of Centrica, Britain's biggest energy supplier, is to hand "a substantial portion" of his annual bonus to charity for the second successive year. Sky News has learnt that Sam Laidlaw, who stepped down...

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Cameron Rules Out VAT Rise In Next Parliament

Prime Minister David Cameron has ruled out a rise in VAT in the next parliament if the Conservatives are in power after the election. In the final head-to-head debate with Ed Miliband before the election, he appeared to wrong-foot the Labour leader...

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