Sky News - BUSINESS

 

Interest rate hike could hurt 'fragile' economy, forecaster warns



News October 16, 2017


The EY ITEM Club argued that with growth set to remain stuck in low gear for the rest of this year and into 2018, policymakers should avoid a hike that risks weakening the "fragile" outlook.It also said the economy's performance f...

READ MORE

 

Energy customers building up £800 in debts before suppliers act



News October 16, 2017


The regulator is urging suppliers to step in before customers find themselves with unmanageable levels of debt.Figures for the past year showed some companies were allowing unpaid bills to accrue before stepping in to put indebted...

READ MORE

 

Lenders to crisis-hit Interserve‎ hire advisers after profit alert



News October 15, 2017


Sky News has learnt that a consortium of high street banks, including HSBC and Royal Bank of Scotland (RBS), hired EY last week in the wake of a massive profit warning from Interserve.The appointment of ‎a top professional servi...

READ MORE

 

Vauxhall cuts 400 jobs at Ellesmere Port factory



News October 15, 2017


Just under 1,800 people work at the Cheshire plant, which has made the Astra since 1979, and makes about 680 of them each day.Vauxhall said it took the decision due to "challenging European market conditions and a declining passen...

READ MORE

 

Deadline looms for Britons to spend old £1 coins



News October 14, 2017


However, people should not panic if they miss the 15 October deadline as major banks and building societies and some big stores are giving them extra time to use them.The new 12-sided pound coin went into circulation in March and ...

READ MORE

 

 

 

Playing Spectrum Sino