Amazon Wins Approval To Test Delivery Drones

By Sky News US Team Amazon has won approval from US federal regulators to test a delivery drone outdoors. The Federal Aviation Administration has issued an experimental airworthiness certificate allowing test flights over private, rural land in Washington...

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Tesco Shops For Store Ownership In £733m Deal

Tesco and British Land have completed a property exchange deal worth a combined £733m as both companies look to strengthen their core businesses. Britain's biggest retailer, which remains the subject of probes over its £263m profits overstatement scandal...

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Osborne Rejects Public Service Cuts Fears

George Osborne dismissed fears over spending cuts to public services raised by the Office for Budget Responsibility. Speaking on Sky News, Mr Osborne said the cuts were necessary but did not pinpoint exactly where the axe would fall. He said: "People...

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FCA Bosses Face MPs' Ire Over Insurance Probe

By Mark Kleinman, City Editor The heads of the City watchdog will be severely criticised next week by a panel of MPs over its handling of a briefing which wiped billions of pounds from the value of British insurance companies. Sky News has learnt...

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Mobile Phone Contracts 'Fail' Users - Report

Citizens Advice is calling for an overhaul of rules governing mobile phone contracts, warning that consumers can be "taken to the cleaners". Its 'Calling The Shots' report found users are facing charges of up to £800 to leave maximum two-year contracts...

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TSB Takeover By Sabadell Moves A Step Closer

TSB is recommending its shareholders accept a Spanish takeover of the bank, with Lloyds confirming it has agreed a price for its remaining stake. The announcements clear the way for a deal, first reported by Sky News last week, which will value TSB at...

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Three More Years: Pru Chair To Serve New Term

By Mark Kleinman, City Editor Prudential will attempt to assuage investors' concerns about the departure of its chief executive by retaining Paul Manduca, its chairman, for a further term at the insurance giant. Sky News understands that Prudential...

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Income Tax Windfall Boosts Public Finances

A pick-up in income tax receipts for the second month in a row meant Government borrowing fell by more than expected in February. Official figures from the Office for National Statistics (ONS) showed that public sector net borrowing - excluding the...

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FTSE Hits 7,000 For First Time In History

The FTSE 100 Index has risen to more than 7,000 points for the first time in its history. World markets were cheered by a small recovery in the price of oil as well as signs of a breakthrough in the Greek debt crisis. London's top-flight index was...

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Ask The Chancellors: Sky News To Host Q&A

By Jon Craig, Chief Political Correspondent Sky News and Facebook are to host an "Ask The Chancellors" event on Monday, 23 March, with key opinion formers quizzing George Osborne and Ed Balls in a TV showdown. An audience of entrepreneurs, start-up...

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