Chiquita Colombia Deaths Lawsuits Thrown Out

A US court has thrown out claims that US fruit giant Chiquita was liable for thousands of deaths during Colombia's civil war. The firm was accused of supporting terrorists because it secretly paid $1.7m (£1m) to a right-wing paramilitary group that...

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The Week's Big Business Stories

Balfour And Carillion In £3bn Merger Talks Updated: 6:20pm UK, Thursday 24 July 2014 By Mark Kleinman, City Editor Two of Britain's biggest construction firms are in merger talks to create a £3bn powerhouse whose flagship projects would include...

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BSkyB Unveils Plan For European Pay-TV Giant

The owner of Sky News has announced an ambitious plan to create a European pay-television giant that will more than treble the company's potential customer base. Announcing its full-year results on Friday, BSkyB confirmed that it had reached a deal...

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IMF Upgrade For UK As Russian Growth Shrinks

The International Monetary Fund (IMF) has revised upwards, for a fourth consecutive time, its forecast for UK economic growth while sharply lowering expectations for the US and sanctions-hit Russia. In its latest World Economic Outlook (WEO), the IMF...

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Balfour And Carillion In £3bn Merger Talks

By Mark Kleinman, City Editor Two of Britain's biggest construction firms are in merger talks to create a £3bn powerhouse whose flagship projects would include London's Olympics Aquatics Centre and the redevelopment of Liverpool's Anfield home....

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Amazon Bleeds Value After Posting $126m Loss

Amazon's strategy of putting investment ahead of profits prompted a further share sell-off in after-hours trading last night, when it emerged losses deteriorated in its last quarter. The internet retailer's costly shift towards digital content and consumer...

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RBS Confirms 92% Profits Boost A Week Early

Shares surged in Royal Bank of Scotland (RBS) on Friday after it confirmed a 92% rise in half-year pre-tax profits to £2.7bn, despite further writedowns for past mistakes. The bank, which remains 81%-owned by the taxpayer following its bailout during...

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Lloyds To Claw Back Pay As Libor Fine Looms

By Mark Kleinman, City Editor Lloyds Banking Group is to examine whether it can claw back millions of pounds paid to former executives who will next week be implicated in the global Libor rate-rigging scandal. Sky News understands that the taxpayer-backed...

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UK Economy Emerges From Six-Year Downturn

Official figures show the UK economy has emerged from six years of lost growth to return to its pre-crisis peak. The Office for National Statistics (ONS) said Britain's economy was now bigger than it was before the financial crisis as gross domestic...

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Housing Shortage Sees More Tenants Evicted

By Mark White, Home Affairs Correspondent Increasing numbers of private tenants are being evicted or exploited by landlords cashing in on the increase in house prices and the shortage of rented accommodation, according to latest figures. Citizens...

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