Tax Blunder By HMRC Means Millions Owe Money

By Darren McCaffrey, Sky Politics Reporter Millions of people will be forced to hand money to the Government after paying the wrong amount of tax because their bills were miscalculated. The blunder by HM Revenue and Customs (HMRC) relates to the...

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Debenhams Trials Costa And Sports Direct Outlets

Debenhams is to trial Costa Coffee and Sports Direct concessions in its department stores. The company made the announcement as it released its third quarter sales figures. It said like-for-like sales in stores opened more than a year were up 0.7%...

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Shire Pharmaceuticals Rejects £27bn AbbVie Bid

Management for Shire Pharmaceuticals has unanimously rejected a £27bn ($46bn) informal bid from US drug giant AbbVie. The London-listed drug firm rejected the takeover bid because it undervalued the group. Shire said in a statement: "The board of Shire...

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Netto's Sainsbury Deal Takes On Aldi And Lidl

Sainsbury's is to take on cut-price retailers Aldi and Lidl in a tie-up with Denmark's Netto chain. Netto is making a return to the UK market in a trial format that appears to mirror the discount store concept used by the German rivals. A computer...

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Android Phones To Get Remote Kill Switch

Google and Microsoft have agreed to add remote kill switches to their smartphone operating systems - following in the footsteps of Samsung and Apple. The feature allows users to render a phone completely useless if it is lost or stolen, by remotely...

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Ramada Owner Was £6bn InterContinental Suitor

By Mark Kleinman, City Editor The owner of the Ramada hotel chain was the mystery suitor behind a recent £6bn takeover offer for the FTSE-100 hospitality provider InterContinental Hotels Group (IHG), Sky News can reveal. Wyndham Worldwide Corporation,...

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TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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Apple Fitness Smartwatch 'Due In Autumn'

Apple is reportedly planning to launch this autumn its hotly anticipated smartwatch which tracks health and fitness. Multiple versions of the devices will be launched later this year as the company tries to keep pace with rivals Google and Samsung,...

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TNT Plan 'Cuts £200m From Royal Mail Revenue'

Royal Mail has warned that delivery plans by rival TNT could reduce its revenue by £200m in coming years. It said TNT Post UK's expansion strategy would cost it £200m in the 2017/18 financial year. It told regulator Ofcom that "absent intervention"...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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