Consumers Warm To More Loans And Overdrafts

Consumers are returning to the habit of using credit to fund their spending, according to a banking body. The British Bankers' Association (BBA) said personal loans and overdrafts are rising for the first time in five years. It called it a "clear"...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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Ford Profit Drops 39% In First Quarter

US car giant Ford has seen its net income in the first-quarter fall by 39%, compared to the same time last year. Ford said income dropped to $989m (£560m), down from $1.64bn (£875m) in the first three months of 2013. Despite a profit drop the company...

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Apple And Google Settle Wage-Fixing Court Case

Apple and Google have settled a lawsuit in which they were charged with colluding to hold down salaries by agreeing not to poach each other's staff. Adobe and Intel were also included in the suit, and all four have now reached an agreement to settle...

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End Of An Era As Microsoft Buys Nokia Phones

The era of Nokia as a mobile phone manufacturer is over after Microsoft completed a deal to buy the Finnish firm's troubled device division. Microsoft acquires Nokia's smartphone and mobile phone businesses as part of the $7.5bn (£4.46bn) deal, plus...

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William Hill To Close Stores After Tax Hike

Betting group William Hill has blamed the Chancellor's tax increase on high-stake gambling machines for planned shop closures, as it reports a 14% fall in first quarter operating profit. William Hill told Sky News that it would try to minimise redundancies...

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Miliband Pledges To Tackle Zero-Hour 'Abuses'

Ed Miliband is promising to change what he calls the "worst abuses" of zero-hours contracts. The opposition leader says a number of safeguards would be introduced to protect workers if Labour is elected. The party's manifesto will propose a series...

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RBS Ditches Double-Salary Bonuses For Bankers

Taxpayer-backed Royal Bank of Scotland has ditched a proposal to give bankers bonuses of up to twice their salaries. The bank had wanted to give workers lucrative and competitive bonuses, despite making a pre-tax loss of £8.2bn in 2013. British taxpayers...

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Cable Drawn Into Row Over 'Russian' Oil Bid

By By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has been drawn into a row about the controversial takeover of a London-listed oil group that is reliant on funds from one of Russia's largest banks. Sky News has seen a letter...

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