Minimum Wage: Britain 'Can Afford' To Pay More

Britain can afford to increase the amount its lowest-paid workers earn, the Chancellor has announced. George Osborne said an above-inflation rise in the national minimum wage - currently set at £6.31 an hour - would "secure a recovery for all". He...

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Cinema Shake-Up Goes On As Odeon Boss Exits

By Mark Kleinman, City Editor The shake-up of one of Britain's biggest leisure industries will continue on Friday with the departure of the boss of Odeon UCI Cinemas. Sky News understands that Rupert Gavin, who has run the privately-owned group...

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Shell Shares Tumble After Profit Warning

Shares in Royal Dutch Shell dived by more than 4% in early trading after the oil firm warned of a "significant" profit miss. It cut its forecasts for earnings on a current cost of supplies basis to $2.9bn (£1.8bn) from market expectations of about $4bn,...

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Exchanges Group ICE To Unveil Libor Reforms

By Mark Kleinman, City Editor Administration of the tainted interbank borrowing rate Libor will be handed over next month following approval from the City regulator. Sky News understands that the US-based IntercontinentalExchange Group (ICE) will...

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Fastest Growth In Retail Sales Since 2004

Brisk business for smaller retailers ahead of Christmas helped sales volumes grow at their fastest annual pace since 2004 in December. Figures from the Office for National Statistics (ONS) measured 2.6% growth during December to show an annual increase...

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Google Unveils Contact Lens For Diabetics

A new contact lens that monitors glucose levels in tears could help diabetics avoid the pain and inconvenience of having to prick their fingers to draw blood as many as 10 times a day. Nearly 400 million diabetics worldwide have to monitor their blood...

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Silk Road: Millions In Bitcoins Forfeited

US prosecutors have announced the forfeiture of $28m (£17m) worth of Bitcoins seized from Silk Road, a hidden online marketplace that was used to shop for drugs and other illegal activities. Preet Bharara, the US Attorney for the Southern District of...

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Miliband Promises 'Reckoning' With Big Banks

Is The Banking System Broken? Updated: 12:36pm UK, Friday 17 January 2014 By Joel Hills, Business Presenter Folklore at Tesco has it that any internal business pitch to the former boss Sir Terry Leahy which didn't include the word "customer" in...

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Ex-HBOS Bankers Engineer £400m Polypipe Float

By Mark Kleinman, City Editor A group of former executives from the collapsed mortgage lender HBOS are engineering a potentially-lucrative flotation of Polypipe, a fast-growing British manufacturer. Sky News has learnt that Caird Capital, a firm...

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Bingo Hall Burden: MPs Call For Tax Cuts

By Adele Robinson, Sky News Correspondent The UK's bingo hall business will "stagnate" if the Government does not cut tax on it, campaigners say. More than 50 MPs are backing calls to reduce duty and bring levies on the game in line with other...

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