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  • Facebook Profits Triple As Apple Sales Jump Sky News - 2 hours 40 minutes ago
    Facebook Profits Triple As Apple Sales Jump

    A surge in advertising sales helped Facebook (NasdaqGS: FB - news) triple its profits in the first three months of 2014, the social networking site has revealed. Facebook chief executive Mark Zuckerberg said: "Facebook's business is strong and growing and this quarter was a great start to 2014." In an apparent nod to …

  • Revealed: The 50 Streets With Slowest Broadband

    Wheatley Road in Corringham is in joint-last place with Erw Fawr, in Henryd, North Wales, with an average download speed of 0.6Mbps. The fastest street is in Derbyshire - Loundes Road in Unstone gets an average download speed of 57.58Mbps.

  • Barclays Attacked In Mystery 'Staff Letter'

    A letter claiming to represent scores of disgruntled Barclays (LSE: BARC.L - news) employees made potentially damaging claims on Wednesday about poor staff morale just hours before the bank's board gathered for its annual meeting. Addressed to Sir David Walker, Barclays' chairman, the letter made allegations of an unjustified …

  • Budget Deficit Drops By 6% In Last Year

    The UK budget deficit has fallen to its lowest level since the financial crisis five years ago. Official figures from the Office for National Statistics (ONS) show the shortfall in tax revenues over Government spending fell to £107.7bn in the 12 months to the end of March. It was slightly lower than forecast by the Office …

  • Ex-EMI Boss Nicoli Returns With New Music Gig

    Eric Nicoli, the former chief executive of EMI, is returning to the music industry as an investor in Tunehog, a service that aims to stand out from a crowded digital streaming market through technology which sonically 'maps' millions of songs. Mr Nicoli, the chairman of R&R Music, Tunehog's parent company, has been working …

  • Factory Orders 'At Their Best Since 1995'

    Manufacturing orders placed with factories have expanded at the strongest rate since 1995, a new survey has shown. The results come as the Bank of England said Britain's economic recovery was "building momentum". According to the Confederation of British Industry (CBI), its industrial trends survey showed that in the …

  • Primark Sees Profit Up 26% In Last Six Months

    Discount fashion chain Primark has seen its half-yearly operating profit rise 26% to £298m. Owner Associated British Foods (ABF) said its retail arm saw the surge in profit in the 24 weeks to March 1. Revenue in the period for Primark was up 14%, to £2.278bn. While like-for-like sales growth was 4%, its aggressive expansion …

  • Battle For Control Of Net Kicks Off In Brazil

    Now hundreds of government officials, technical experts and academics are meeting at the NetMundial conference in Sao Paulo to discuss who should oversee the worldwide web in future. China and Russia want the United Nations to have some say over how the internet is controlled, while the US and parts of Europe say it should …

  • Eurostar Gets Big Boost From Business Travel

    Cross-Channel train service Eurostar has seen a 7% increase in revenue in the first-quarter, boosted by a rise in business travellers. So-called leisure travellers were up 3% despite the fact that numbers last year were being boosted by an earlier Easter and foreign visitors. Eurostar chief executive Nicolas Petrovic …

  • Chinese Government Shuns 'Expensive' Windows 8

    The Chinese government will try to patch up the outdated Windows XP operating system -because it is too expensive to upgrade. Microsoft stopped providing security updates for the 13-year-old software earlier ...

  • Sports Direct Slams £73m Boss' Bonus Rejection

    High street retailer Sports Direct (Frankfurt: A0MK5S - news) has slammed shareholders who failed to support a £73m bonus share scheme proposed for founder Mike Ashley. In early April, the company halted the proposed £73m bonus for Mr Ashley, its majority shareholder, after failing to gain sufficient investor support. …

  • Eight Renewable Energy Projects Get Go-Ahead

    Plans for eight renewable energy projects - expected to generate enough clean power for three million homes - have been approved by the Government. Contracts for schemes including offshore wind farms and the conversion of coal-fired power stations to run on biomass, are set to support 8,500 jobs and attract up to £12bn …

  • Smartphones 'Too Slow' For London Transport

    The use of smartphones for contactless payments on London's transport network will not be allowed until transaction speeds are dramatically increased. Transport for London (TfL) has modified its reader technology, however pilot programmes have shown the time taken for smartphones to process payments is still too long. …

  • Harley-Davidson Revs Up Quarterly Revenue

    Harley-Davidson has seen its first-quarter earnings rise 18.7% amid a surge in motorcycle ownership and greater factory efficiency. The Milwaukee-based company said global sales of new motorcycles grew 5.8% in the first three months of the year as buyers snapped up its new models. The iconic American motorcycle manufacturer's profit …

  • Center Parcs' Term-Time TV Advert Banned

    A TV advert for Center Parcs which "irresponsibly encouraged parents" to take their children on holiday during term time has been banned. The ad, which promoted four-night midweek breaks at the resorts and featured families with school-aged children, aired with a small print disclaimer warning the offer "excludes school …

  • Strike Trips Up Largest Sport Shoe Factory

    A strike at the world's largest sports shoe manufacturer has entered its second week, hampering production for global brands such as Nike (NYSE: NKE - news) and Adidas (Other OTC: ADDDF - news) . Employees at Yue Yuen Industrial (Frankfurt: YUE1.F - news) (Holdings) Ltd's massive factory in southern China have failed to …

  • GSK In £8.5bn Deal With Swiss Rival Novartis

    British drug giant GlaxoSmithKline (GSK) is to sell its oncology business to Novartis for $14.5bn (£8.5bn) and will buy the Swiss company's vaccines division. Novartis is expected to pay another $1.5bn ...

  • Curb Excessive Pay Or Face Action, Warns Cable

    The bosses of Britain's biggest companies have been warned by Vince Cable they must do more to curb excessive pay or face "further action". In a letter to the FTSE 100 Remuneration Committee chairs, the Business Secretary wrote that "excessive and disproportionate pay in the corporate sector damages popular trust in business". …

  • Barclays Pay Plans Receive Mixed City Verdict Sky News - Wed, Apr 23, 2014 00:26 BST
    Barclays Pay Plans Receive Mixed City Verdict

    Barclays (LSE: BARC.L - news) will this week suffer a sizeable City rebellion over its decision to hike bonuses last year while simultaneously receiving overwhelming shareholder backing for its future pay plans. Sky News has learnt that more than 90% of investors who have cast their votes in advance of this week's annual …

  • David Moyes Sacked: Man Utd Shares Rise Sky News - Tue, Apr 22, 2014 20:48 BST
    David Moyes Sacked: Man Utd Shares Rise

    David Moyes has been sacked as Manchester United (NYSE: MANU - news) manager, with Ryan Giggs taking over until the end of the season. A statement on the club's website said: "Manchester United has announced that David Moyes has left the club. Shortly after, it released another statement, saying: "Ryan Giggs, the club's …

  • David Moyes Sacked As Manchester United Boss Sky News - Tue, Apr 22, 2014 17:08 BST
    David Moyes Sacked: Man Utd Shares Rise

    David Moyes has been sacked as Manchester United (NYSE: MANU - news) manager, with Ryan Giggs taking over until the end of the season. A statement on the club's website said: "Manchester United has announced that David Moyes has left the club. Shortly after, it released another statement, saying: "Ryan Giggs, the club's …

  • Refund For Android Virus App That Did Nothing Sky News - Tue, Apr 22, 2014 11:29 BST
    Refund For Android Virus App That Did Nothing

    Google (NasdaqGS: GOOG - news) will refund every Android user who downloaded a bogus virus scanning app which did nothing. The scanner was nothing more than an icon that changed shape when a user tapped it, but briefly topped the charts in the Google Play store. Google is now giving refunds to people who bought the app, …

  • Moyes To Be Sacked After Owners Lose Patience Sky News - Tue, Apr 22, 2014 06:22 BST
    Moyes To Be Sacked After Owners Lose Patience

    David Moyes is expected to be sacked as Manchester United (NYSE: MANU - news) boss later today after a disastrous first season in charge. Former United star and Sky Sports pundit Gary Neville urged to club to make a statement clarifying the situation. Moyes has endured a difficult period in charge after being hand-picked …

  • Pipeline Closed Down After 'Major Fuel Theft' Sky News - Mon, Apr 21, 2014 18:08 BST
    Pipeline Closed Down After 'Major Fuel Theft'

    An underground pipeline has been shut down because thieves are suspected of tapping into it and stealing a "large quantity" of diesel. The line, which transports fuel from Esso (Berlin: EH8.BE - news) 's Fawley oil refinery in Hampshire to its terminal in Birmingham, was closed for checks. The exact amount of fuel found …

  • Tourism: Storm-Hit Dorset Gets Easter Boost Sky News - Mon, Apr 21, 2014 17:48 BST
    Tourism: Storm-Hit Dorset Gets Easter Boost

    Early indications suggest the storm battered south-west coast has enjoyed a much-needed boost in tourism over the Easter weekend. In Lyme Regis, bed and breakfast accommodation and most of the local hotels were full and the beaches busy. David Tucker, who runs the Lyme Regis Museum, said footfall was clearly down in the …

  • Best Of British Gear Up For China Car Show Sky News - Mon, Apr 21, 2014 14:13 BST
    Best Of British Gear Up For China Car Show

    UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their new models at the China Motor Show in Beijing to help boost sales in an intensely competitive market. More than 1,100 vehicles will be on display at the exhibition which will also be attended by General Motors (NYSE: GM - news) , Toyota, Volkswagen …

  • Best British Brands Lead China Motor Show Sky News - Sun, Apr 20, 2014 03:47 BST
    Best Of British Gear Up For China Car Show

    UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their new models at the China Motor Show in Beijing to help boost sales in an intensely competitive market. More than 1,100 vehicles will be on display at the exhibition which will also be attended by General Motors (NYSE: GM - news) , Toyota, Volkswagen …

  • British Gas Bonus Claims To Be Investigated Sky News - Sat, Apr 19, 2014 12:48 BST
    British Gas Bonus Claims To Be Investigated

    Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities, churches and small businesses to its highest-priced tariffs in order …

  • The Week's Big Business Stories Sky News - Fri, Apr 18, 2014 14:24 BST
    The Week's Big Business Stories

    Sky's Naomi Kerbel offers a round-up of what's been and what's coming up in the week's business news. : Monday April 21 It is Easter Monday and a bank holiday in the UK. The financial markets are closed. ...

  • House Price Increases Create 'Generation Rent' Sky News - Fri, Apr 18, 2014 09:31 BST
    House Price Increases Create 'Generation Rent'

    The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent' report found that despite the launch of schemes like Help to Buy to give a boost to people with small deposits, …

  • South West Hoping For Easter Tourism Boost Sky News - Fri, Apr 18, 2014 07:48 BST
    South West Hoping For Easter Tourism Boost

    The tourism industry in the South West of England is hoping a successful Easter weekend will prove a much needed boost. One of the biggest setbacks was the collapse of the main railway line at Dawlish. Helen Scott, from Visit South Devon, said: "Bookings were down from the start of the year, but have picked up well in …

  • Weibo Woes Amid Disappointing Nasdaq Flotation Sky News - Thu, Apr 17, 2014 19:53 BST
    Weibo Woes Amid Disappointing Nasdaq Flotation

    The cloud over tech stocks has dampened expectations for Weibo - China's version of Twitter - which has begun trading on the Nasdaq in New York today. The share flotation was priced at the lower end of ...

  • Co-op Admits 'Disastrous Year' Amid £2.5bn Loss Sky News - Thu, Apr 17, 2014 19:05 BST
    Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

    The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". Interim group chief executive Richard Pennycook said: "2013 was a disastrous year for the Co-operative Group, the worst in our 150-year history.

  • PayPal Warns Users Over Sharing Computers Sky News - Thu, Apr 17, 2014 18:28 BST
    PayPal Warns Users Over Sharing Computers

    Online payment firm PayPal has announced plans to prevent users from sharing their computers, smartphones and tablets with anyone else, even family members. The "Notice of changes to our Legal Agreements" showed policy changes effective June 17, in an email that ran to more than 8,000 words. Two new sub-sections have …

  • Sainsbury's Sultana Recall On Salmonella Fear Sky News - Thu, Apr 17, 2014 17:56 BST
    Sainsbury's Sultana Recall On Salmonella Fear

    Sainsbury (Berlin: SUY1.BE - news) 's is recalling 500g packs of its SO Organic Sultanas as a precuation after salmonella bacteria was detected in routine testing. The announcement was made by the Food Standards Agency (FSA), which advised shoppers who had purchased the packs not to eat the contents but return them to …

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