Fiscal Cliff: Obama 'Optimistic' After Talks

Barack Obama has called for "immediate action" to avoid the so-called fiscal cliff after urgent talks with Congressional leaders. He urged politicians to agree a deal, saying: "The hour for immediate action is here. It is now." He said he remained...

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JD Wetherspoon To Create 1,200 Jobs

The pub chain JD Wetherspoon has announced plans to create 1,200 jobs during 2013 and said the number would have been greater but for the tax regime facing the industry. The expansion plans will see 30 pubs open in cities across the UK, adding to the...

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Online Shopping Surges Over Xmas

Internet retail sales are on course to have risen 30% over the Christmas period as shoppers moved to bag a bargain from home and beat sale queues. Figures from market data firm Experian suggest Boxing Day set a new British record for online shopping....

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Autonomy Founder Rounds On HP Accusers

Mike Lynch Statement In Full Updated: 10:42am UK, Friday 28 December 2012 Here is the full statement released by Mike Lynch, Autonomy's founder, in response to HP's regulatory filing in the US on Thursday: ""It is extremely disappointing that HP has...

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Tata Group Says 'Ta Ta' To Boss

The brains behind one of the world's most successful companies has handed over the reins of his vast business empire. The head of India's Tata Group, Ratan Tata, used his 75th birthday to fulfil his retirement as chairman after steering the group for...

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UK Economy: Workers Face A 'Hard Year Of Slog'

A number of reports are warning of a tough 2013 in the jobs market, with one study predicting it will be a "hard year of slog" for even those in work. Dr John Philpott, director of The Jobs Economist, believes workers can expect longer hours, a continued...

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Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

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Can China's Baijiu Take On Sake And Tequila?

By Mark Stone, China Correspondent A British drinks company is taking a gamble by attempting to export baijiu, China's national drink, to the world. Diageo recently bought Shui Jing Fang, a high-end brand of baijiu based in the Chinese city of...

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Pig Farming Crisis To Push Up Pork Prices

By Emma Birchley, Sky News Correspondent Supplies of British pork on shop shelves are under threat as pig farmers struggle to stay in business. Cripplingly high feed costs caused by global wheat and soya shortages have forced many farms to close...

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First-Time Home Buyers 'Up 12% In Past Year'

The past 12 months saw 12% more first-time buyers take the plunge into the property market than in 2011, according to a report by the Halifax. About 216,000 people got their feet onto the property ladder in 2012, the highest number since the credit...

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