Dozens Remain In Millionaires' Ranks At RBS

By Mark Kleinman, City Editor The state-backed Royal Bank of Scotland (RBS) will disclose on Friday that it paid dozens of employees at least £1m last year, just days after reporting a £3.5bn annual loss. Sky News understands that the lender will...

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Osborne 'Regrets' Lack Of Radical RBS Reform

The Chancellor has admitted he regrets not beginning a radical restructuring of Royal Bank of Scotland (RBS) following the last General Election. George Osborne also told the Financial Times he would look to "get rid of" the taxpayer's "massive"...

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Apple To Trade On Dow Jones After Stock Split

Apple is to replace AT&T on the Dow Jones Industrial Average this month. The technology firm, which has become the largest company in the US by market value, had previously been prevented from joining the top 30 listed companies in the Dow because...

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Vodafone Launches Global Maternity Pay Deal

Vodafone is introducing a worldwide minimum level of maternity pay in an effort to better support and retain more new mums. The communications firm said It was to offer women 16 weeks of fully-paid maternity leave, plus full pay for a 30-hour week...

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Big Firms Forced To Reveal Gender Pay Gap

Thousands of large companies will be forced to share details of the difference between what they pay their male and female workers. The Government has agreed to implement the Liberal Democrat measure despite years of Tory opposition to it. The move...

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Club Med Owner Takes 5% Thomas Cook Stake

The new Chinese owner of Club Med has taken a 5% stake in Thomas Cook to begin a "strategic partnership". The investment by Fosun, which bought French resort firm Club Med only weeks ago, is aimed at giving both Fosun and Thomas Cook access to...

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New FA Boss Is Wolves Fan With Snack Background

The Football Association (FA) has appointed the boss of United Biscuits, Martin Glenn, to the role of chief executive. The 54-year old will take up the role in May. The FA described him as a "veteran of industry" who had "built up a reputation for...

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US Jobless Rate Tumbles To 5.5% In February

The US jobless rate plunged last month as hiring accelerated, raising expectations of a possible interest rate rise by the Federal Reserve. The world's biggest economy created 295,000 net new jobs in February, despite some severe weather disruption...

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Purplebricks Eyes Latest UK Tech Flotation

By Mark Kleinman, City Editor One of the UK's fastest-growing online estate agents is drawing up plans for a stock market listing that would provide capital for an aggressive assault on established high street rivals. Sky News has learnt that Purplebricks,...

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US Group Whitewave Has Appetite For Quorn

By Mark Kleinman, City Editor The owner of Quorn, the meat-free food producer, ‎is mulling a sale of the business to the American group which owns Alpro, the plant-based milk alternative. Sky News understands that The WhiteWave Foods Company has...

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