City Figures To Back New Tamara Mellon Brand

By Mark Kleinman, City Editor Tamara Mellon, the businesswoman who built Jimmy Choo into a globally-prominent fashion brand, is plotting a $25m comeback that will see her name adorning stores in leading cities around the world. Sky News can exclusively...

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Twitter Hacked: Up To 250,000 Passwords Taken

Around 250,000 Twitter users may have had their accounts compromised by computer hackers. The social networking site said usernames, email addresses and encrypted passwords may have been taken during an "extremely sophisticated" attack on its systems....

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Red Tape 'Strangling Youth Jobs Drive'

Attempts to get more than a million young people into work are being hampered by excessive bureaucracy and central government control, council leaders have claimed. The Local Government Association (LGA) says a new, more local approach to tackling youth...

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Dragons' Den Star Peter Jones Buys Jessops

Dragons' Den star Peter Jones has bought the brand of collapsed camera retailer Jessops to run it as an online company. Rob Hunt, joint administrator and partner at PwC, said: "We can confirm that we have sold the brand and certain other assets to a...

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Mexico: Pemex Oil Company HQ Blast Kills 25

Twenty-five people are dead and at least 100 injured after an explosion at the headquarters of Mexican oil company Pemex. Injured workers were seen being evacuated after the blast at the state-owned firm blew out windows and damaged three floors of...

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Horse DNA: Burger King Dumps Irish Supplier

Burger King has issued full page newspaper apologies after discovering horse DNA in beefburgers from its supplier in Ireland. The fast food chain said sorry to customers as it confirmed it was cutting ties with Silvercrest, the food processing plant...

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BSkyB Sees Half-Year Profit Up 8% to £647m

BSkyB, the parent company of Sky News, has reported an 8% increase in operating profit for the first half of the financial year. The company said operating profit for the period was £647m. Revenues increased 5% to £3.5bn in the same period. BSkyB...

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Facebook Warns Of High Costs As Mobile Booms

Facebook has revealed an increase in revenue as the number of users accessing the website from smartphones rockets. But the social network - which listed in New York last May in a $104bn (£65.7bn) flotation - warned expenses could shoot up by 50% this...

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FSA Reveals Scale of Interest Rate 'Swap Mis-Sell'

The Financial Services Authority has revealed that more than 90% of interest rate swaps were allegedly mis-sold to small businesses by banks. Last night Sky News City Edtior Mark Kleinman revealed that the City regulator had set out a revised framework...

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Report: Youth Joblessness Rises Fastest In UK

Youth unemployment has increased in the UK at a faster rate than any other country in the G8 since the start of the recession, a new report has said. A study by the Work Foundation found that the UK now lags only behind Spain and Greece for youth joblessness...

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Sugary Drink Tax 'Could Pay For School Meals'

Sugary drinks should be taxed at up to 20p a litre, say health campaigners – with the proceeds helping to pay for free school meals. Food and farming charity Sustain said the Government could raise £1bn a year from the duty, while also saving lives...

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Yahoo! Reveals Search Focus As Revenue Rises

Yahoo! has reported better than expected results for the fourth quarter as it outlined plans to boost its search engine. Strong search advertising sales helped revenues at the internet company grow for the first time in four years - by 2% year-on-year...

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Exclusive: Banks' Fury At Mis-Selling Probe

By Mark Kleinman, City Editor The bosses of Britain's major banks have mounted a coruscating attack on their new regulator as they brace for the outcome of a new mis-selling probe that will result in another multi-billion pound compensation bill...

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Corporate Manslaughter Cases Up By 40% In A Year

The number of new corporate manslaughter cases opened by the Crown Prosecution Services has spiked by 40% in a year, according to newly released figures. The research shows there has been an increase in charges from 45 in 2011 to 63 in 2012. In total...

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Christmas Boost Sees Ryanair's Traffic Rise

Ryanair has reported a 3% rise in traffic in the third quarter as strong pre-Christmas bookings boosted its profit. The airline's average fares were up more than expected - by 8% over the period - leading the company to increase its full-year profit...

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UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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EasyJet Chair Rake In Departure Lounge

By Mark Kleinman, City Editor The chairman of easyJet, Britain's biggest airline by passenger numbers and revenues, is to step down this summer after a four-year tussle with the company's founder over its fleet size and strategy. Sir Mike Rake...

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Payday Loan Sites' Dirty Tricks To Boost Traffic

By Jason Farrell, Sky Correspondent A Sky News investigation has found that some payday loan brokers have benefitted from hacking into websites to divert the history and status of a legitimate business to their domain. This increases their ranking...

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