City News

FTSE 100 higher after Sky surge

Positive news from the broadcaster Sky has led a FTSE 100 rally

The London market clung to positive territory today after strong results from Sky and ARM Holdings offset a slump in mining stocks.

Sky hails UK profits progress

Sky chief executive Jeremy Darroch hailed the results

Sky has reported a 20% rise in operating profits after its UK business achieved its best start to a calendar year for more than a decade.

Which? targets supermarket pricing

Which says supermarkets are confusing customers with their pricing schemes

Britain's supermarkets are facing calls for a competition inquiry after Which? accused firms of ripping off shoppers with misleading and confusing prices.

Google ups software in Apple battle

Google and its Android partners have been in the wearable tech market since 2013, but now face stiff competition from Apple

In the week the Apple Watch goes on sale, Google has announced a major update to its own Android Wear software that runs on its range of smartwatches.

Tesco set to report profits plunge

New Tesco boss Dave Lewis is battling to turn the group's fortunes around

Tesco could report a multi-billion pound annual loss this week as it undergoes the latest phase of its shake-up under new boss Dave Lewis.

HSS plots more branch openings

HSS Hire said it was on track to open new branches at a rate of almost one a week, after floating on the stock exchange earlier this year

Tool rental firm HSS Hire said it is opening new branches at a rate of almost one a week as it steps up growth following its flotation earlier this year.

Miners lead FTSE 100 charge

The FTSE 100 Index is back above the 7000 barrier despite fears over a Greece debt default

Blue-chip investors shrugged off jitters over Greece today as stimulus measures from China lifted sentiment for mining stocks, helping the top-flight to push higher.

Supermarket price war hitting firms

Food suppliers and smaller high street grocers are bearing the brunt of supermarkets slashing prices

The supermarket price war is having a "devastating" effect on suppliers and smaller grocers after a report showed the number of food and drink manufacturers in "significant" financial distress jumped by 94% on a year ago.

House prices up ahead of election

Property prices are increasing as demand outstrips supply

House sellers' asking prices have lifted to a new record high amid surging levels of demand from buyers and a lack of choice of properties, Rightmove has reported.

Eurozone to boost UK economy growth

The eurozone recovery will help to boost growth in the UK economy, according to a report

Ultra-low inflation and an upturn for the eurozone will help the UK enjoy solid growth of 2.8% this year despite jitters ahead of the election, according to a new report by the EY ITEM Club.

Dividends boost for shareholders

2015 will see a dividends boost for shareholders

Shareholder dividends in 2015 are set to hit their highest level for three years - boosted by the recovering UK economy, a report said.

IMF warns of global recovery risks

Christine Lagarde has rejected suggestions that the IMF might postpone repayment deadlines for Greece (AP)

There are a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, world finance officials said.

Tesco chairman warns on EU exit

Tesco chairman John Allan said big companies could move their head offices out of Britain

Tesco's chairman has warned major businesses could move their headquarters out of London if Britain leaves the EU, in an apparent swipe at the Tory pledge to hold a referendum on the issue.