US Jobless Drops To Lowest Rate Since 2008

The jobless rate in the United States fell to 6.3% in April, its lowest level since September 2008. A total of 288,000 new jobs were created last month, more than a third up on the figure forecast by economists. The Labor Department said job creation...

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AstraZeneca Rejects New £63bn Pfizer Bid

Pfizer Letter To David Cameron Over Deal Updated: 7:52am UK, Friday 02 May 2014 American drugs giant Pfizer has written a letter to David Cameron, in an attempt to take the political heat out of its bid for UK rival AstraZeneca. Here is the letter...

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Samsung Told To Pay Apple $119m In Patent Row

Samsung has been ordered to pay $119.46m (£70m) in damages to Apple after the South Korean company was found guilty of violating two patents on smartphone features. In the latest lawsuit involving the two tech giants, a jury in a federal court in San...

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Four Million Households Owe Energy Supplier

Almost four million households owe money to their energy supplier - with debts averaging £128, a survey has found. The amount owed by the 14% of households in debt has increased by an average of £5 since last year, after a mild winter failed...

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RBS Pre-Tax First Quarter Profit Hits £1.6bn

The taxpayer-backed Royal Bank of Scotland has seen a large rise in its first quarter profit, sending its share price up by more than 12%. RBS said its pre-tax profit reached £1.64bn in the first three months of 2014, up 98% from £826m in 2013. It...

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Pfizer Ups Bid For AstraZeneca By £3bn

Pfizer Letter To David Cameron Over Deal Updated: 7:52am UK, Friday 02 May 2014 American drugs giant Pfizer has written a letter to David Cameron, in an attempt to take the political heat out of its bid for UK rival AstraZeneca. Here is the letter...

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Twitter Stock Down 10% As It Posts $132m Loss

Twitter shares fell almost 10% in after-hours trading in New York after the social network's latest results disappointed investors. Shareholders were looking for stronger user growth than the company reported in its first quarter statement. Twitter,...

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WPP Boss Nets £29m After Share Payout

By Mark Kleinman, City Editor Sir Martin Sorrell's status as one of Britain's best-paid businessmen will be cemented on Wednesday when the company he founded discloses that he earned close to £30m last year. Sky News can reveal that Sir Martin,...

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Co-op Bank Review Charts "Sorry Failings"

The Main Findings Of The Co-op Bank Review Updated: 7:16am UK, Wednesday 30 April 2014 The review by Sir Christopher Kelly into what went wrong at the Co-operative Bank is summarised below: :: THE REVIEW The independent review was commissioned in...

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Unemployed Face Work Scheme Or Sanctions

The long-term unemployed will only receive their benefits if they sign on at a jobcentre every day or commit to a six-month stint of voluntary work under the Government's new Help to Work scheme. Prime Minister David Cameron says the scheme is designed...

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HS2 Rail Link: MPs Set For Heated Debate

By David Crabtree, Midlands Correspondent Legislation paving the way for the construction of the controversial HS2 rail link will be debated by MPs in the House of Commons today. The second reading of the HS2 Hybrid Bill will see MPs discuss...

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Pfizer Confirms Bid Interest For AstraZeneca

AstraZeneca: The Key Statistics Updated: 10:00am UK, Monday 28 April 2014 American pharmaceutical giant Pfizer, which makes Viagra, has until May 26 to confirm its intentions in what could be Britain's biggest ever takeover. Here are some key statistics...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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Cable Drawn Into Row Over 'Russian' Oil Bid

By By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has been drawn into a row about the controversial takeover of a London-listed oil group that is reliant on funds from one of Russia's largest banks. Sky News has seen a letter...

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