Co-op Members Vote Through Big Reforms

Co-operative members have backed a shake-up of the way the crisis-hit group is run after a landmark vote on Saturday. At a special general meeting in Manchester, 83% of votes were in favour of proposals drawn up after the mutual made record £2.5bn losses,...

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Firm's $1.3m Bill After Suing Google Customers

A patent-holding firm has been hit with a seven-figure legal bill after attempting to sue several of Google's customers. A US district court has ruled that Beneficial Innovations has to cover Google's $1.3m (£780,000) legal fees after it lost a jury...

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Water Bills Set To Fall Over Next Five Years

Water bills are on course to fall 5% on average in real terms over the next five years - if the industry regulator gets its way. Ofwat confirmed its draft determination for household water and sewerage bills for the 2015-2020 period while...

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Tesco Shares Slump As Trading Woes Deepen

Tesco's share price took its biggest one-day hammering in more than two years on Friday after it slashed its profit forecast following a sales slump. The supermarket chain, which has seen its position as the UK's market leader slowly eroded amid a price...

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PPI Scandal: Lenders To Re-Open 2.5m Claims

The City regulator says banks and other lenders are to reassess more than 2.5 million payment protection insurance (PPI) complaints. The Financial Conduct Authority (FCA) says the claims, which were made in 2012 and 2013, may have either been unfairly...

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Malaysia Airlines Shake-Up After Planes Lost

The impact on Malaysia Airlines from the disappearance of MH370 and shooting down of MH17 has forced it to cut 6,000 jobs. The tragedies - in March and July respectively - compounded long-running losses at the airline which prompted it to confirm a...

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Iceland Volcano: Airlines On Ash Cloud Alert

Iceland has told airlines to be vigilant following a volcanic eruption near the Dyngjujokull glacier just after midnight. An orange alert warning issued by the Icelandic Met Office indicates that the Bardarbunga volcano shows "shows heightened or escalating...

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The Week's Big Business Stories

Once you've caught up on last week's business news video, you can get ahead on what's coming up next week with Sky's Week Ahead. :: Monday, September 1 On Monday, the Ian King Live programme will return from its summer break. The show will run from...

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Lib Dems Promise Six Weeks' Paternity Leave

The Liberal Democrats will promise fathers an extra four weeks' paternity leave under new manifesto plans due to be announced. The policy would extend the total parental leave to 58 weeks by extending fathers' current entitlement of two weeks to six....

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Branson Banks On £2bn Virgin Money Float

By Mark Kleinman, City Editor Sir Richard Branson is poised to pull the trigger on a stock market listing of Virgin's banking arm that City insiders predict could value it at up to £2bn. Sky News has learnt that directors of Virgin Money are in...

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