Superfast Broadband Roll-Out Running Late

The Government programme to roll out superfast broadband to 90% of the population is running late and lacks strong competition to protect public value, the National Audit Office has reported. It has already announced that superfast broadband will reach...

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Samsung Posts Disappointing Profits Forecast

Samsung has forecast weaker than expected profits for the last quarter, fuelling concerns about flagging demand for high-end smartphones. The South Korean firm is predicting £5.5bn in operating profit for the period April to June. That would be a record...

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Slump In Pound Signals Gloom For Holidaymakers

The pound has fallen heavily against the dollar for the second time this week after key US jobs figures showed better than expected evidence of an economic recovery. While stock markets rallied, seemingly shrugging off recent fears about US stimulus...

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Superfast Broadband Roll-Out Running Late

The Government programme to roll out superfast broadband to 90% of the population is running late and lacks strong competition to protect public value, the National Audit Office has reported. It has already announced that superfast broadband will reach...

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Rolls-Royce Accused Of Hiding Engine Defects

Two former Rolls-Royce employees have alleged the engine maker "cut corners on quality control requirements" and "lied to" customers. Thomas McArtor and Keith Ramsey have also accused the company of hiding internal records of defects in engines it sold...

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Samsung Posts Disappointing Profits Forecast

Samsung has forecast weaker than expected profits for the last quarter, fuelling concerns about flagging demand for high-end smartphones. The South Korean firm is predicting £5.5bn in operating profit for the period April to June. That would be a record...

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Miliband Summons Top Bankers For Reform Talks

By Mark Kleinman, City Editor Ed Miliband held talks on Wednesday with senior bankers just days after the industry faced fresh criticism for lobbying senior politicans and regulators. Sky News has learnt that the Labour leader met a delegation...

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Twitter To Show Users Tailor-Made Adverts

The social networking site says it will be experimenting with a way to make adverts on Twitter more useful. It plans to display promoted content from brands and businesses a user has shown interest in. According to a post on its blog, the company -...

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Stronger Economy 'Puts Brakes On Carney'

Evidence that the UK's economic recovery is gathering pace is widely expected to result in the Bank of England maintaining its support at current levels today. The Monetary Policy Committee (MPC), which has been meeting for the first time under the...

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RBS Orders Lending Review Over Untapped £20bn

Royal Bank of Scotland (RBS) is reviewing its small business lending practices and standards after uncovering £20bn in untapped cash. The excess money, RBS said, was a result of having £20bn more in small business deposits than being loaned out to such...

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Electricity Theft: Ofgem Urges Crackdown

The energy regulator could force electricity suppliers to tackle power theft because of the growing cost to households. Ofgem estimates that 25,000 cases of electricity theft annually cost law-abiding consumers £200m - or £7 per household - with a third...

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Markets Fall Amid Portugal Political 'Crisis'

European stock markets have taken a tumble as the survival of Portugal's coalition government is thrown into doubt. Portuguese share prices plummeted 6% in early trading on Wednesday and other major bourses, including the FTSE 100, fell sharply amid...

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China's ICBC Bank Now Bigger Than US Giants

A Chinese bank has been ranked as the world's largest, overtaking two American finance giants. Industrial and Commercial Bank of China (ICBC) leapfrogged the US banks to top the global ranking of banks with the most capital. The shock ranking has highlighted...

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Business Confidence 'Back At 2007 Level'

British business confidence has hit its highest level since 2007, in fresh evidence that the economy is recovering from the financial crisis. The finding, in the British Chambers of Commerce's quarterly economic survey, was backed by a pick-up in exports...

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Winklevoss Twins Launch Bitcoin-Tracking Stock

The Winklevoss twins, who famously alleged that Facebook founder Mark Zuckerberg stole their website idea, have revealed plans for a share offering to give investors exposure to the value of Bitcoins. Winklevoss Bitcoin Trust, which is designed to operate...

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Carney Starts As Bank Of England Governor

Things We Learned About Mark Carney Updated: 7:19pm UK, Thursday 07 February 2013 By Ed Conway, Economics Editor Here's what we learned about the incoming Bank of England Governor Mark Carney in his testimony before MPs at the Treasury Select...

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MPs' Pay: Cameron Warns Against Big Rise

David Cameron has called for restraint on MPs' pay amid rumours they are in line for a bumper rise. The Independent Parliamentary Standards Authority (Ipsa) is reported to be looking at an increase of around £7,500 or 15% which would take salaries to...

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Survey: Green Shoots Sprout In UK Industry

UK manufacturing has recorded its strongest growth in more than two years and new orders rose even faster in a fresh sign of momentum in the economy, a new survey suggests. The Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) for June jumped...

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Facebook To Remove Adverts From Adult Pages

Facebook will stop advertisements appearing on pages containing sexual or violent content after a number of companies suspended their campaigns. Marks and Spencer and BSkyB, the parent company of Sky News, were among those to pull their adverts from...

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The Sky News Business Look Ahead

Sky's Naomi Kerbel offers a look ahead to what's coming up in the week's business news. :: Monday July 1 Bank of England - Mark Carney's five-year term begins Croatia - European Union accession :: Tuesday July 2 Ocado Group interim results OECD...

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Crown Post Office Staff Stage Strike Action

By Emma Birchley, East of England Correspondent Post Office workers have gone on strike over plans to close 70 state-owned branches and a dispute over pay. The closing Crown branches - which are currently directly managed by Post Office Ltd - would...

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