Microsoft Boss To Leave Amid 'New Direction'

Microsoft Revamp Amid PC Decline Updated: 3:28pm UK, Friday 23 August 2013 By Thomas Moore, Sky News Science Correspondent Microsoft has struggled as the PC market has declined. Five years ago more than 90% of computers ran a version of the Windows...

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Post Office Staff In Fresh Wave Of Strikes

Workers at Crown post offices are launching a fresh wave of strikes today in a five-month row over jobs, pay and closures. A UK-wide stoppage is being held today, staff in Scotland will strike on Monday, and union members in England, Wales and Northern...

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Countryside Fears Over Solar Energy Growth

By Emma Birchley, East of England Correspondent Rural campaigners say the push to generate green energy through giant solar farms is having an unacceptable impact on Britain's rural landscape. Developments like Burntstalks Solar Farm in Norfolk,...

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Nasdaq Trading Halted Due To Computer Glitch

By Sky News US Team, in New York Trading in the Nasdaq, a major stock exchange dominated by the biggest names in technology, has resumed after a three-hour halt caused by a technical glitch. The disruption sent brokers scurrying to figure out what...

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Bank Holiday Discounts: Warning From Watchdog

The consumer watchdog has urged shoppers to quiz carpet and furniture retailers before they buy this long weekend - after it found some used artificially high prices to exaggerate sales and price cuts. The Office of Fair Trading (OFT) is investigating...

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UK GDP Revised Upward In Second Quarter

UK GDP output for the second quarter of 2013 has been revised upwards, according to officially released figures. The Office for National Statistics (ONS) said the economy grew by 0.7% in the three months. The ONS figure was up 0.1% from the estimate...

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Threat To 250 Jobs At Heinz UK And Ireland

Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland. The firm said it had developed a new "streamlined structure", which could include the loss of 248 office jobs, adding it regretted the impact it would have on its employees....

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Millions To Share £1.3bn Bank Compensation

Regulators have confirmed a compensation fund of £1.3bn for up to seven million victims of another insurance mis-selling scandal. The announcement, which was made 12 hours after Sky News was handed details of the Financial Conduct Authority's agreement...

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Markets Feel Pain Over Cheap Money Addiction

Financial pain is being felt world-wide as the US Federal Reserve remains on track to ease its economic stimulus programme from as early as next month. Minutes from the Fed's last meeting confirmed that some policymakers were in favour of immediately...

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Tax Office Warns Football Clubs Over Low Pay

By Enda Brady, Sky News Correspondent Dozens of top-flight English football clubs are to receive a letter from tax inspectors warning them that they must pay staff the minimum wage or face a fine of up to £5,000 and potential prosecution. HM Revenue...

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Gary Bolton Jailed Over Fake Bomb Detectors

A businessman has been sentenced to seven years in prison for making and selling fake bomb detectors. Gary Bolton, 47, made millions of pounds selling the devices around the world, boasting they could detect explosives, drugs, ivory, tobacco and even...

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Top Taxman Takes Foxtons' Estate Agency Role

By Mark Kleinman, City Editor Britain's top taxman is joining the board of Foxtons as the estate agency chain seeks to exploit the buoyant housing market with a £500m-plus flotation. Sky News understands that Ian Barlow, the lead non-executive...

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Men Get Bigger Bonuses As Gender Pay Gap Widens

Average bonuses for male managers were twice as much as those of their female counterparts last year, according to new research. The Chartered Management Institute (CMI) said the gender pay gap was widening as a result of bonuses. Last year male managers...

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Glencore Takes $7bn Hit On Xstrata Assets

Glencore Xstrata has written down $7.7bn (£4.9bn) of assets inherited from Xstrata. It comes as the company announced its half-year results, reporting a 9% drop in pre-tax profit to $6bn (£3.8bn). It is the first full set of results since Glencore...

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Mortgage Lending Up By Nearly A Third

Mortgage lending was up by 29% in July compared to the same month last year. The Council for Mortgage Lenders said that total gross lending increased to £16.6bn in July, up from £14.8bn in June. It is the highest monthly estimate since before the financial...

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Osborne's Help Fuels £50m Estate Agency Deal

By Mark Kleinman, City Editor George Osborne's effort to stimulate the UK housing market is fuelling a flurry of corporate activity among estate agency owners, with one entrepreneur poised to reap a multimillion pound windfall from the sale of his...

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CBI Lifts Growth Forecast Amid Optimism

The CBI has lifted its forecast for economic growth for this year from 1% to 1.2% amid signs of a pick-up in business confidence. Optimism about performance across the services, construction and manufacturing sectors has added to hopes that the recovery...

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Housing Market: Builder Plots Acceleration

The boss of Bovis Homes has told Sky News the company is to step up its building of new houses as the market recovery gathers pace. David Ritchie was speaking after the builder posted a 19% increase in first half pre-tax profit to £18.6m. It said that...

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Mortgages 'Most Affordable For 14 Years'

By Nick Martin, News Correspondent Mortgages are more affordable now than at any time in the past 14 years, according to the latest figures. Monthly payments now account for 27% of a new borrower's income in the second quarter of 2013, well below...

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A £350m Donation To Nation That Can't Be Used

An unspent donation made to the Government 85 years ago, which is now worth £350m, cannot be touched because it won't fulfil conditions of its use - paying off the national debt. The anonymous donation of £500,000 was made in 1928 and established a...

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Swedes Plot £1bn Swoop For UK Manufacturer

By Mark Kleinman, City Editor Another slice of Britain's industrial base is poised to fall into European hands with a near-£1bn takeover of Edwards Group, a Sussex-headquartered high-tech manufacturer. Sky News can reveal that Edwards, which is...

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