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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Miliband: Epidemic Of Zero-Hours Contracts

By Jason Farrell, Senior Political Correspondent Workers on zero-hours contracts will be able to demand a regular contract after 12 weeks under proposals announced by Ed Miliband. The Labour leader promised to outlaw the "exploitative" contracts...

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China World Bank Rival Draws Global Queue

More than 40 countries, including the UK, have applied to join a China-backed bank in the face of opposition by the US. Even Taiwan, which split from China in 1949 and has been at loggerheads ever since, is seeking to join the Beijing-led Asian Infrastructure...

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Insurer Hastings Motors Towards £1bn Listing

By Mark Kleinman, City Editor The owners of Hastings, one of the UK's fastest-growing insurers, have appointed investment bankers to steer the company towards a £1bn post-lection flotation. Sky News understands that Hastings has appointed Goldman...

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Amazon Dash Button: How Does It All Work?

By Sky News US Team Amazon is testing a new service that allows its customers to instantly order some household items like laundry detergent or razor blades. :: How does it work? The buttons have an adhesive stick at the back and can be mounted...

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