Npower To Pay £3.5m To Vulnerable Customers

Npower has agreed to pay £3.5m to vulnerable customers after an Ofgem investigation found the energy firm breached sales rules. Regulator Ofgem said the failings of doorstep and telesales staff meant customers were not able to make informed decisions...

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Mortgage Misery For Millions If Rates Go Up

By Ed Conway, Economics Editor Around four million families would not have enough cash to pay their mortgage if interest rates rose to barely half the rate they were before the crisis, according to Bank of England research. The warning from the...

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Ban Payday Loan Ads On Kids' TV, MPs Say

Payday lenders should be banned from advertising on children's television to stop young people believing that getting money is "easy", MPs have urged. The Business, Innovation and Skills Committee (BIS) recommended stopping advertising on programming...

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National Grid To Ask Firms To Ration Power Use

Businesses may be asked to switch off their electrical equipment next winter in exchange for payment. The National Grid says it could pay firms to cut their energy use on winter evenings in 2014 to help it cope with greater demand for energy use than...

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Festive Decorations Firm Calls In Administrator

By Mark Kleinman, City Editor The company which puts up Christmas decorations in major UK shopping centres including Bluewater and Lakeside will on Friday fall into administration after axing its entire 190-strong workforce. Sky News has learnt...

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Christmas Debts 'Won't Be Cleared Until June'

The average family is going to take on debts this Christmas that will take until June to pay off, it has been claimed. The Trades Union Congress has carried out research that shows that the typical family will add £685 to its borrowing by the time the...

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BlackBerry: £2.7bn Loss As Revenue Plunges

BlackBerry has reported a loss of £2.7bn ($4.4bn) in its third quarter, as its market share has continued to slide. The makers of mobile phones and other electrical products also said that its revenue dropped by 56% in the same period. BlackBerry,...

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UK GDP: Economy Growing Faster Than Expected

Britain's economy has grown faster than expected, despite fears there is underlying fragility. The Office for National Statistics said British gross domestic product (GDP) grew by 0.8% in the third quarter, confirming previous estimates. Annual GDP...

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Christmas Shoppers To Spend £12bn In Four Days

By Emma Birchley, Sky News Reporter Shoppers are expected to spend £12bn in just four days as they make the most of slashed prices and promotions, according to retail forecasters. The deals are being offered as a fierce battle for sales rages both...

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Tobacco Boss Quits Helm Of Silk Cut-Maker

By Mark Kleinman, City Editor The executive who orchestrated Japan's biggest-ever takeover of a British company has quit his role at the helm of the manufacturer of Benson & Hedges and Silk Cut. Sky News has learnt that Pierre de Labouchere,...

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