BSkyB Sees Full-Year Profit Up 9% To £1.33bn

BSkyB, the owner of Sky News, has announced a 9% rise in full-year operating profit to £1.33bn. Revenue for the entertainment and home communications company was up 7% to £7.235bn. The company saw paid-for product growth of 3.3 million, taking the...

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Welby Defends Wonga After Church Link Emerges

The Archbishop of Canterbury has insisted he was not picking on Wonga after it emerged the Church of England invests in the payday loan firm. The Most Reverend Justin Welby admitted being "irritated" and "embarrassed" by the revelation but went on to...

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Royal Baby: George Gives UK Business Boost

By Emma Birchley, Sky News Correspondent The UK's newest Prince might be less than a week old but he is already proving to be a trendsetter as aspiring parents race to keep up with the Cambridges. Sales of Britax Baby Safe seats have trebled at...

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Wonga Ad Delivers Riposte To Archbishop

By Mark Kleinman, City Editor The payday lending group Wonga will on Friday attempt to begin changing public perceptions of its business model following a vow by the Archbishop of Canterbury to "compete it out of existence". Sky News has seen a...

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Halliburton To Plead Guilty Over Gulf Oil Spill

Halliburton is to plead guilty to destroying evidence in connection with the 2010 Gulf of Mexico oil spill. The US company has agreed to pay the maximum statutory fine of $200,000 (£130,000), to stay on probation for three years and to continue to cooperate...

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BSkyB Sees Full-Year Profit Up 9% To £1.33bn

BSkyB, the owner of Sky News, has announced a 9% rise in full-year operating profit to £1.33bn. Revenue for the entertainment and home communications company was up 7% to £7.235bn. The company saw paid-for product growth of 3.3 million, taking the...

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China In Ban On 'Glitzy' Official Buildings

Chinese authorities have ordered a five-year suspension of the construction of new official buildings, state media reported. It is the latest move by President Xi Jinping to crack down on extravagance and pervasive corruption that blights the world's...

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Record Apple iPhone Sales But Profits Slump

Apple has seen a spike in iPhone sales but a 16% decline in iPad sales during the last reporting quarter. The US technology firm sold 14.6 million iPads during the quarter, compared with 17 million in the same period last year. It sold 3.8 million...

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EasyJet Revenue Up 10.5% In Third Quarter

Low-cost carrier EasyJet has seen a quarterly rise in revenues due to increased passenger numbers and higher fares. Revenue climbed 10.5% to £1.142bn in the three months to the end of June compared with a year earlier, the airline said in a statement....

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GSK Admits China Execs Flouted Law Over Drugs

GlaxoSmithKline (GSK) has said that some of its executives in China appeared to have broken the law as part of a major bribery scandal that has ensnared the UK pharmaceutical firm. The news comes as rival UK drugmaker AstraZeneca has confirmed to Sky...

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EU Review Reveals Fears About New Powers

Britain needs to keep control of its own tax policy and look out for any loss of control over foreign affairs, according to a new Government report on the EU. The first part of the biggest review of Britain's involvement in the union in 40 years looked...

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Bentley To Build 'World's Most Luxurious SUV'

Bentley is to launch the world's most luxurious sports utility vehicle (SUV) in Crewe, creating an estimated 1,000 new jobs. The company said the new model will include an investment of £800m in headquarters and development infrastructure. The new...

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Economy Figures Set To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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Digital Tech Sector '60% Bigger Than Thought'

The scale and importance of digital technology firms to the UK's economy has been underestimated by the Government, a new report suggests. The study claims there are almost 270,000 active companies in the UK compared to conventional measurements which...

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GSK Admits China Execs Flouted Law Over Drugs

GlaxoSmithKline (GSK) has said that some of its executives in China appeared to have broken the law as part of a major bribery scandal that has ensnared the UK pharmaceutical firm. The company also said that new proposed changes to its operations would...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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Economy Figures Set To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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