Category : Business News

BUSINESS / Business News - 1 day ago

BP shareholders drill into succession plans

Investors in BP want directors to prepare for changes to the leadership of the UK's second biggest oil company for the first time since it was almost crippled by the Gulf of Mexico disaster in 2010. Sky News has learnt that a number of BP's biggest...

BUSINESS / Business News - 1 day ago

Funds target June deal to save Co-op Bank

The American hedge funds in talks to take full control of the Co-op Bank is racing to secure backing for a deal by the middle of next month. Sky News has learnt that a committee of bondholders - which also owns the majority of the Co-op Bank's share...

BUSINESS / Business News - 2 days ago

Peer-to-peer lender Zopa lures Indian backer

The British peer-to-peer lender Zopa has enlisted financial backing from a major Indian finance group as it plots a move into mainstream consumer banking. Sky News has learnt that Zopa, which launched in 2005, has attracted a big investment from Wad...

BUSINESS / Business News - 2 days ago

FTSE 100 hits new high as pound struggles

The FTSE 100 rose to new highs on Friday, surpassing its previous intraday record in morning trading before advancing even further. The index, which tracks the value of Britain's 100 biggest companies, grew by more than 35 points to 7554.2 after UK...

BUSINESS / Business News - 3 days ago

Philip Green ponders saving Topshop Australia

Sir Philip Green is considering plans to save the Australian division of his fashion chain Topshop after its franchise partner Austradia fell into administration. The retail tycoon's Arcadia Group is talking to administrators Ferrier Hodgson about r...

BUSINESS / Business News - 3 days ago

Philip Green ponders Topshop Australia rescue

Sir Philip Green is considering plans to save the Australian division of his fashion chain Topshop after its franchise partner Austradia fell into administration. The retail tycoon's Arcadia Group is talking to administrators Ferrier Hodgson about r...

BUSINESS / Business News - 3 days ago

Payday loan online shake-up comes into force

New rules for payday loan firms have come into force, requiring online lenders to advertise on at least one price comparison website to help borrowers find the best deal. A link to a comparison site must also be displayed "prominently" on the websit...