Former Tesco Boss Leahy Eyes £1bn B&M Float

By Mark Kleinman, City Editor B&M Retail, one of Britain's fastest-growing discount retailers, is drawing up plans for a flotation that would involve a return to the London stock market for Sir Terry Leahy, the former Tesco boss. Sky News can...

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McDonald's To Drop Heinz After CEO Change

McDonald's has announced it will end a 40-year relationship with Heinz as the sauce company is now led by the former chief of rival Burger King. "As a result of recent management changes at Heinz, we have decided to transition our business to other...

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Serco Boss Quits Amid Contracts Scandal

Serco, the outsourcing firm at the centre of a Government contract scandal, has confirmed its chief executive has stepped down. The company said Chris Hyman was leaving in a last-ditch bid to restore its reputation amid a wider restructuring - splitting...

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Rail: Labour 'Open To Renationalising Network'

Labour's new shadow transport secretary says she is "open" to the idea of renationalising Britain's rail network, as the Government set out plans to return the East Coast Main Line to the private sector. The London-to-Scotland line has been run under...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday October 28 Apple reports its full year results on Monday. The tech giant recently launched a slimmed-down version of its iPad tablet which will retail for £739...

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UK Economy: GDP Growth Accelerates To 0.8%

The Chancellor claims there is now "real momentum" in the UK's economic recovery after GDP growth of 0.8% was measured in the third quarter. The Office for National Statistics (ONS) said it marked the strongest period of growth in more than three years...

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Grangemouth's Future Saved In Last-Minute Deal

Grangemouth petrochemicals plant has been saved following a last-minute deal. The 800 workers who were due to lose their jobs at the Falkirk plant - Scotland's largest industrial site and its only refinery - were told the news at 11am on Friday. It...

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Family Not Seeing 'Green Shoots' Of Recovery

By Emma Birchley, East Of England Correspondent The green shoots of economic recovery might be growing stronger but the Horton family is not feeling the effects. "It's been really, really tough. We are struggling to make ends meet," said Spencer,...

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JPMorgan To Pay £3.2bn In Mortgage Settlement

JPMorgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash. The deal settles a lawsuit brought by American regulators over the quality of mortgages sold to US loan giants Fannie Mae and Freddie Mac...

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Osborne To Stop Short Of Full RBS Break-Up

By By Mark Kleinman, City Editor George Osborne will stop short of ordering a full break-up of Royal Bank of Scotland (RBS) following a review that will aim to redeploy billions of pounds of capital for lending into the British economy. Sky News...

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