News: Money

This is how much everyday food items have increased since the Brexit vote

Tuesday  12:21,   14 august 2018

This is how much everyday food items have increased since the Brexit voteThe falling value of the pound since the Brexit vote in June 2016 has caused inflation to increase at a faster rate than other Eurozone countries, the study by the People's[...]
News / Money

Turkey accuses US of 'stab in the back' as currency tanks

Tuesday  06:40,   14 august 2018

Turkey's central bank says it is ready to take "all necessary measures" to ensure financial stability following the collapse in value of the lira. As the country's bank moved to calm markets rattled by the decline of the Turkish[...]

Musk says Saudi fund supports Tesla buyout as talks continue

Tuesday  05:55,   14 august 2018

<p>Tesla CEO Elon Musk said Monday he is still in talks with potential backers of a possible buyout of the company, including Saudi Arabia's sovereign wealth fund, but had not completed securing the funding.</p>In a blog post, Musk said[...]

Bayer shares nosedive after weedkiller cancer ruling

Tuesday  05:10,   14 august 2018

Shares in German pharmaceuticals and chemicals giant Bayer have plummeted after a man with terminal cancer successfully sued the firm's newly acquired Monsanto subsidiary. Leverkusen-based Bayer's shares fell by 11% on Monday in early morning[...]

Employers resist wage increases despite shortages of staff

Monday  15:40,   13 august 2018

<p>Fewer jobless and less migration making vacancies harder to fill, survey shows</p>The survey of 2,001 employers — conducted by the CIPD, the professional body for HR staff, and Adecco, the recruitment company — suggests that an increasing[...]

Tesla's slow disclosure raises governance, social media concerns

Monday  14:01,   13 august 2018

<p>Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social[...]

Train cancellations for third week running 'unacceptable'

Monday  09:08,   13 august 2018

The deputy mayor of Greater Manchester has described cancellations to Northern Rail services for a third Sunday running as "chaotic and unacceptable".The rail operator said it expected 80 of the scheduled 1,500 train services on Sunday not [...]

SFO suspends lawyer running Unaoil bribery probe

Monday  08:40,   13 august 2018

The senior lawyer in charge of one of the Serious Fraud Office's biggest criminal investigations has been suspended just weeks before the agency's new director arrives in her post. Sky News has learnt that Tom Martin‎, who has been managing [...]

Small business lender hits out at ‘unfair’ application process for £775m fund

Monday  06:05,   13 august 2018

The chief executive of iwoca has written to Lord Cromwell, urging him to ‘level the playing field’.In a letter to Banking Competition Remedies’ (BCR) chairman Lord Cromwell, the boss of iwoca Christoph Rieche has said the fund structure seems[...]

It's a fix: Mike Ashley accused on House of Fraser deal as critics say banks favoured him, leaving pensioners in cold

Sunday  15:55,   12 august 2018

A row broke out last night over the fact that the Newcastle United owner’s bid was favoured over a higher ‘white knight’ offer from rival retail billionaire Philip Day that would have protected pensioners. Administrators from accountancy firm EY[...]

Clear-out at Co-op Bank continues as finance chief announces plans to step down after less than a year

Sunday  15:20,   12 august 2018

Tom Wood, who also served as the bank's restructuring officer, was leaving after making 'significant progress' in the bank's restructurings.Wood, who also served as the bank's restructuring officer, was leaving after making[...]

Virgin Media brings back UKTV channels after row

Sunday  15:20,   12 august 2018

UKTV channels will be restored to Virgin Media customers following a row over fees. Dave and Gold were among channels that were unavailable to Virgin Media viewers after UKTV ended its partnership with the TV provider over demands for price[...]

IBM's Kenny on shortlist to succeed Sorrell at WPP

Sunday  15:15,   12 august 2018

A senior executive at IBM, the American technology giant, has been approached about the ‎top job at WPP Group as it homes in on a successor to Sir Martin Sorrell. Sky News has learnt that David Kenny, the senior vice-president of IBM's Watson and[...]

Amazon must clarify 'misleading' delivery claim

Sunday  04:25,   12 august 2018

Amazon must clarify that some items on its Prime service are not available for one-day delivery, the advertising regulator has ruled. The Advertising Standards Authority (ASA) said the online retailer's promotion of a one-day delivery service for[...]

Final day of trading for several Marks & Spencer stores

Saturday  19:15,   11 august 2018

The retailer announced in May that it plans to close 100 stores by 2022, putting hundreds of jobs at risk. As part of the business restructuring, M&S will also be looking to reduce its costs by £350 million by 2021.On Saturday, clothing stores in[...]