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Staley interviewed in whistleblowing probe

ByNathan BissittAugust 1, 2017

The chief executive of Barclays has been formally questioned by banking regulators more than three months after his efforts to unmask a whistleblower triggered the latest in a string of inquiries into the bank. Sky News has learnt that Jes Staley was interviewed in

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Eurozone economic growth gathering pace

ByNathan BissittAugust 1, 2017

The eurozone notched up growth of 0.6% in the second quarter of the year, official Eurostat figures showed. The figure puts annual growth in the 19-country bloc at 2.1% since a year ago.First-quarter growth was revised down slightly from 0.6% to 0.5%.Other figures

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Shortage of homes keeping prices high, says Nationwide

ByNathan BissittAugust 1, 2017

The shortage of homes coming on to the market is helping to keep house prices high, the Nationwide has reported.The building society said that prices increased by 0.3% in July, the second month running there has been a rise.Nationwide said the increase appeared to be

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British Gas to raise electricity prices

ByNathan BissittAugust 1, 2017

British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.Gas prices are unchanged, but the average annual dual-fuel bill for a typical household on a standard tariff will

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Direct Line leads FTSE 100 higher

ByNathan BissittAugust 1, 2017

Direct Line led the market higher as investors welcomed the insurer’s half-year results.Shares in the company jumped 7% after it reported a 9.5% increase in operating profits to £354.2m.Direct Line was the biggest riser on the FTSE 100, with the index up 37.50

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British American Tobacco investigated by Serious Fraud Office

ByNathan BissittAugust 1, 2017

UK tobacco firm British American Tobacco (BAT) says it is under official investigation by the Serious Fraud Office (SFO) over allegations it paid bribes in East Africa.The allegations were first made in a BBC Panorama programme in 2015.BAT said that it had been

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Researchers say UK law should be tougher on high heels

ByNathan BissittAugust 1, 2017

Researchers from the University of Aberdeen say the devolved nations of the UK should be more specific in legislation on high heels.They examined research into the physical damage and injury that can be caused, as well as the social and cultural aspects surrounding

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British Gas to put up electricity bills by 12.5%

ByNathan BissittAugust 1, 2017

More than three million British Gas customers will see their electricity bills go up by 12.5% from 15 September. Energy giant Centrica confirmed the end of its long-standing price freeze after it mistakenly published an incomplete statement about the price hike on its

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Amber alert! Rudd mocked on way to US

ByNathan BissittJuly 31, 2017

The Home Secretary has been mocked by a technology website as she heads to California for talks in Silicon Valley over extremist content online . Amber Rudd has said she wants to put internet giants on notice the Government could introduce new laws to clamp down on

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AI v cancer

ByNathan BissittJuly 31, 2017

Scientists working in tandem with artificial intelligence (AI) could slash the time it takes to develop new drugs – and, crucially, the cost – say tech companies.Developing pharmaceutical drugs is a very expensive and time-consuming business. And as