Snow Hit Retail Sales In January - Down 0.5%

UK retail sales, excluding fuel, fell 0.5% month-on-month in January with food sales hard hit and snow affecting small grocers. The Office for National Statistics (ONS) said disruption caused by the weather had a measurable impact. Food sales tumbled...

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BMG Buys Top Brit Acts On Sanctuary Records

German music rights company BMG has signed a deal to acquire the famous Sanctuary Records from Universal Music, it has been confirmed. The reported £40m sale, which still needs approval by the European Commission (EC), follows on from a divestment plan...

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Tesla's Boss Disputes New York Times Review

The chief executive of Tesla has defended its battery-powered Model S following a New York Times review claiming the vehicle ran out of power. The company's co-founder Elon Musk posted a blog on its website claiming he was "upset" by the article because...

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Exclusive: Banks Split Over PPI Time Limit

By Mark Kleinman, City Editor A split is emerging among Britain's biggest banks over attempts to secure a deadline for consumers to file claims that they were mis-sold payment protection inurance (PPI) policies. I have learnt that at least one...

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Floods Insurance Payouts Top £1bn For 2012

Insurance companies paid out over £1bn in flood and storm damage claims last year - the highest amount in five years - according to the Association of British Insurers (ABI). The claims cost a total of £1.19bn, the trade body said, which is the most...

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BlackBerry Pioneer Balsillie Sells His Shares

BlackBerry's former co-chief executive has sold all his shares in the company, according to papers filed in the US. Jim Balsillie held no stock in the phone manufacturer by the end of 2012, when only a year earlier he owned 26.8 million shares. He...

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Facebook Targeted In 'Zero-Day' Hack Attack

Facebook has revealed it was the victim of a sophisticated attack by an unknown hacking group last month. The site's security was breached after a handful of Facebook employees unknowingly visited a website that had been compromised with malicious code....

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Home Ownership '£1,440 Cheaper' Than Renting

The cost of buying a home has become £1,440 a year cheaper than renting, according to new research. Halifax found the average monthly costs associated with buying a three-bedroomed house stood at £621 in December, which is £120 cheaper than the typical...

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Osborne Plays Down Talk Of RBS Share Giveaway

By Katie Stallard, Moscow correspondent George Osborne has played down claims he plans to give British taxpayers up to £400 in Royal Bank of Scotland shares before the next election. The Chancellor, speaking to Sky News at a G20 meeting in Moscow,...

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Horsemeat: Three Arrested Released On Bail

Three men who were arrested by police investigating the horsemeat scandal have been released on bail, as political pressure mounts over the speed of the Government's response. Dafydd Raw-Rees, 64, the owner of Farmbox Meats near Aberystwyth, a 42-year-old...

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