Tesco Confirms China Merger Talks

Tesco has confirmed it is in exclusive talks over combining its Chinese operations with a major supermarket operator in the country. While it is unclear at this stage whether a deal would mean the Tesco brand disappearing in China, Britain's biggest...

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Energy Firms Make £3.3bn Profit As Bills Rise

Britain's big six energy companies have raked in £3.3bn in profits over the last three years, at a time when consumers have been hit by an average £300 increase in their bills. Shadow energy secretary Caroline Flint disclosed the figure as she criticised...

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Sants Joins Inner Sanctum Of Bank Lobby Group

By Mark Kleinman, City Editor Sir Hector Sants, the former chief executive of the City regulator, has cemented his gamekeeper-turned-poacher status by joining the board of the banking industry's main lobbying group. Sky News understands that Sir...

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Revealed: The UK's Most Wanted Tax Fugitives

By Poppy Trowbridge, Business and Economics Correspondent A rogues' gallery of the UK's most wanted tax fugitives has been released in an effort to collect hundreds of millions of pounds in unpaid duty. One year on from releasing the details of...

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Asiana Plane Crash Lawsuits Target Boeing

Pilot's Shouting Warnings 'Ignored' Updated: 11:59pm UK, Wednesday 10 July 2013 One of the pilots of Asiana Flight 214 that crashed in San Francisco shouted warnings that were ignored, according to South Korean media. Sources in the country's transport...

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BA Compensation After Saudi Flight Horror

British Airways has promised compensation after hundreds of Heathrow-bound passengers reportedly endured an horrific experience on a faulty plane that led to fights in Saudi Arabia. The Boeing 747 had to return to Riyadh twice because of a recurring...

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RBS Gets Heated Over £230m Radiator Deal

By Mark Kleinman, City Editor The taxpayer-backed Royal Bank of Scotland (RBS) is risking a renewed political outcry by opposing the restructuring of a major British-based manufacturer that would preserve hundreds of UK jobs. Sky News has learnt...

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Apple Wins Samsung Patent Case In US

Apple has won the latest victory in a long and bitter global battle with Samsung over alleged patent infringement. The US International Trade Commission (ITC) found Samsung was in violation of two patents and banned American imports of some of its devices....

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The Sky News Business Round-Up And Look Ahead

Sky's Naomi Kerbel offers a look ahead to what's coming up in the week's business news. :: Monday August 12 Japan - Q2 GDP. January to March growth was better than expected at 4.1%. The Prime Minister Shinzo Abe has introduced sweeping reforms...

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Yahoo!: Tumblr Founder Nets 'Golden Handcuff'

It has emerged that the recently completed acquisition of Tumblr by Yahoo! includes a $81m (£52.2m) payment to the internet blogging service's founder. The retention payment - dependent on David Karp remaining at Tumblr for the next four years - was...

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