Twitter IPO: Company Hopes To Raise $1bn

Twitter has unsealed the documents for its initial public offering of stock, saying it hopes to raise up to $1bn. It generated $317m (£200m) in revenue in 2012, driven largely by advertising. Twitter had more than 215 million active users as of the...

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The Sky News Business Round-Up And Look Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday October 7 The Help-to-Buy mortgage guarantee scheme launches this week, three months earlier than planned following David Cameron's announcement at the...

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Help To Buy: Doubts Over Success Of Scheme

By Poppy Trowbridge, Business and Economics Correspondent The second phase of the government mortgage guarantee scheme Help to Buy is due to launch next week, three months earlier than expected - but experts are sceptical the initiative will help...

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Twitter IPO: Company Hopes To Raise $1bn

Twitter has unsealed the documents for its initial public offering of stock, saying it hopes to raise up to $1bn. It generated $317m (£200m) in revenue in 2012, driven largely by advertising. Twitter had more than 215 million active users as of the...

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Carpetright Boss Quits Amid Profit Warning

High street furnishing chain Carpetright has issued a profit warning and parted company with its chief executive. The firm said Darren Shapland will step down from his role with immediate effect, replaced by chairman and founder, Lord Harris of Peckham....

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New Car Sales Accelerate In September

More cars were sold in Britain during September than any month in the last five years, new statistics have revealed. Over 400,000 new cars were registered, an increase of 12.1% on the same period last year. The September 63 plate boosted sales and...

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US Shutdown Talks End With No Progress

President Barack Obama has held talks with congressional leaders over the partial US government shutdown, but there was no breakthrough and both sides blamed each other. The hour-long meeting at the White House came on the second day of a shutdown that...

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BP Claims Win In Gulf Compensation Fight

BP has won an appeal that could lead to a significant reduction in compensation claims totalling billions of dollars over the Gulf of Mexico oil spill. A US federal court threw out an interpretation by a lower court that BP had argued effectively allowed...

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Payday Lenders Facing Unlimited Fines

Tougher controls on payday lenders could see unlimited fines for companies which break the rules. The Financial Conduct Authority (FCA), which will take over regulation of consumer credit from the Office of Fair Trading (OFT) in April 2014, said the...

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Cameron: 'We'll Boost Aspiration With Reforms'

By Jon Craig, Chief Political Correspondent David Cameron will round off the autumn party conference season with a pledge to create a "land of opportunity" in Britain. The Prime Minister will vow that the Conservatives will "finish the job" the...

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Bill Gates 'Under Pressure To Quit Microsoft'

Three top investors in Microsoft are taking aim at Bill Gates to step down as chairman of the company he founded nearly 40 years ago, according to reports. The mystery backers have not been named but are understood to be lobbying the company's board...

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Tesco Confirms China Deal And UK Progress

Tesco is to pay £345m to secure a joint venture with a state-backed retailer in China and confirmed progress in restoring growth to its core UK business. However shares in the UK's biggest retailer were the biggest fallers on the FTSE 100 - losing 4.5%...

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Foreign Banks Warn Over Bonus Cap Exodus

By Mark Kleinman, City Editor Some of the biggest foreign banks operating in the UK have warned London's main banking watchdog that a European cap on bonuses would lead to an overseas exodus of their senior managers. Sky News understands that a...

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Minimum Wage Rises As Rogue Firms Targeted

Employers who fail to pay the statutory minimum wage face being named and shamed from today as the latest increases come into effect. The adult rate has risen by 12p an hour to £6.31 and by 5p to £5.03 an hour for 18 to 20-year-olds. The minimum for...

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US Shutdown: Deadline Passes Without Deal

A bitterly divided Congress has plunged the US into a partial government shutdown – the first in almost two decades – that will put some 800,000 workers on unpaid leave and close museums and national parks. A deadline to fund government spending passed...

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America 'On Precipice' Of Government Shutdown

The US government is almost guaranteed to shut down on Monday night after House Republicans voted in favour of a temporary spending bill that includes a one-year delay for Obamacare. The Republican-led House of Representatives passed the proposal by...

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Chancellor: 'Jobless Must Work For The Dole'

The long-term unemployed will have to earn their benefits by doing full-time unpaid community work from next year. From April, people still without work after two years on the coalition's Work Programme will face three options if they want to remain...

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Pensions Auto-Enrolment HAiled As 'Success'

Fewer people than expected have opted out of the auto-enrolment pension scheme since it was launched almost a year ago, according to a report which has identified a new mood of financial stoicism among the public. The study - by pension provider Nest...

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Church Consortium Wins RBS Branch Sale Race

Royal Bank of Scotland is to sell 314 branches to a consortium backed by the Church of England in a deal forced on the bank because of its taxpayer bailout. It will see Williams & Glyn's, a bank brand that has been dormant for nearly 30 years, soon...

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Ex-Barclays Chief In Frame For Lloyds Role

By Mark Kleinman, City Editor One of the architects of the legislation that will force Britain's banks to ring-fence their high street lending operations is being considered as a surprise candidate to chair Lloyds Banking Group. Sky News can reveal...

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Cameron Launches State-Backed Mortgages Plan

David Cameron will announce 95% government-backed mortgages to help people get on to the property ladder will start within days - three months earlier than planned. The scheme was due to start in January next year but the Prime Minister will say at...

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