Autonomy Founder Rounds On HP Accusers

Mike Lynch Statement In Full Updated: 10:42am UK, Friday 28 December 2012 Here is the full statement released by Mike Lynch, Autonomy's founder, in response to HP's regulatory filing in the US on Thursday: ""It is extremely disappointing that HP has...

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Tata Group Says 'Ta Ta' To Boss

The brains behind one of the world's most successful companies has handed over the reins of his vast business empire. The head of India's Tata Group, Ratan Tata, used his 75th birthday to fulfil his retirement as chairman after steering the group for...

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UK Economy: Workers Face A 'Hard Year Of Slog'

A number of reports are warning of a tough 2013 in the jobs market, with one study predicting it will be a "hard year of slog" for even those in work. Dr John Philpott, director of The Jobs Economist, believes workers can expect longer hours, a continued...

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Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

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Can China's Baijiu Take On Sake And Tequila?

By Mark Stone, China Correspondent A British drinks company is taking a gamble by attempting to export baijiu, China's national drink, to the world. Diageo recently bought Shui Jing Fang, a high-end brand of baijiu based in the Chinese city of...

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Pig Farming Crisis To Push Up Pork Prices

By Emma Birchley, Sky News Correspondent Supplies of British pork on shop shelves are under threat as pig farmers struggle to stay in business. Cripplingly high feed costs caused by global wheat and soya shortages have forced many farms to close...

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First-Time Home Buyers 'Up 12% In Past Year'

The past 12 months saw 12% more first-time buyers take the plunge into the property market than in 2011, according to a report by the Halifax. About 216,000 people got their feet onto the property ladder in 2012, the highest number since the credit...

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French Court Rejects 75% Tax Rate For Rich

French president Francois Hollande has suffered a fresh setback as the country's highest court threw out his plan to tax the ultra-wealthy at a 75% rate, saying it was unfair. It had been one of the flagship campaign promises of Mr Hollande's election...

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Norovirus Cruise: 'Outbreaks' On Two Ships

More than 400 passengers and crew have been sick with vomiting and diarrhoea as suspected norovirus hits two cruise ships sailing in the Caribbean. Both luxury liners, the Queen Mary 2 and the Emerald Princess, reported the outbreak to the Centres for...

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No Deal As US Nears Fiscal Cliff Deadline

Investors are reacting nervously as the clock ticks down to the New Year deadline for a deal to prevent the US falling over the so-called 'fiscal cliff'. A series of costly tax rises and spending cuts worth more than $500bn will come into force as 2013...

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CRB Check Rules To Be Relaxed By Home Office

Millions of employees and volunteers will no longer have to apply for a new criminal records check every time they apply for a job, the Home Office announced today. Individuals will only need to apply once to the Disclosure and Barring Service (DBS)...

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Nokia And Blackberry-Maker Agree Patent Truce

Nokia has settled all its patent disputes with Blackberry-maker Research In Motion (RIM) amid the costly legal rows still gripping the fiercely competitive smartphone industry. While terms of the agreement were confidential, Nokia said, the deal on...

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Banks Face Break-Up Over Risky Trading

By Poppy Trowbridge, Business and Economics Correspondent British banks face break-up if they fail to follow new rules protecting high street operations from riskier trading. The Parliamentary Commission on Banking Standards has published a report...

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UK Economic Growth Less Than Expected

Britain's growth figure for the third quarter has been revised to 0.9% by the Office for National Statistics. That is down from their previous estimate of 1%. Britain's dominant services sector posted meagre growth in October, adding to the challenge...

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Steve Jobs' £80m Super Yacht Impounded

A super yacht built for Apple's late co-founder Steve Jobs has been impounded in Amsterdam because of a dispute over an unpaid bill to designer Philippe Starck, a lawyer has said. Mr Jobs, who died last year, never got to use the vessel, called Venus....

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BT Slapped With £95m Refund Bill

BT has been told it must repay almost £95m to corporate customers following a row over high speed data provision. The regulator Ofcom ruled the company had overcharged for Ethernet services and must hand back £94.8m to communication providers BSkyB...

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Fiscal Cliff: Republican Plan Ends In Failure

House Speaker John Boehner said on Friday that he was still open to talks with President Obama - a day after being forced to scrap a vote on his back-up plan to avoid the fiscal cliff crisis. Mr Boehner had confidently predicted on Thursday that he...

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Women Drivers Face Insurance Premium Rise

By Darren McCaffrey, Sky News Reporter Women drivers could see their insurance premiums increase by around 25% as new laws come into force that ban setting prices according to gender. The European Court of Justice ruling follows a 10-year legal...

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BAE Systems Strikes £2.5bn Deal With Oman

By Alistair Bunkall, Defence Correspondent A deal worth £2.5bn has been completed between British defence manufacturer BAE Systems and Oman. It will see BAE provide the Gulf state with 12 Eurofighter Typhoon aircraft and eight Hawk training jets....

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House Prices Predicted To Edge Down In 2013

House prices across the country fall by 1% during 2013 as the London market shows signs of cooling, property analysts have said. Prices fell 0.1% month-on-month in December, marking the sixth month in a row that this has happened, and average prices...

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EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

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Fuel Poverty Warning For 300,000 More Homes

A further 300,000 people will be pushed into fuel poverty by Christmas because of the latest round of energy price hikes, an advisory body has warned. The Fuel Poverty Advisory Group (FPAG) said the latest round of energy price rises has increased the...

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Clegg: 'Rich Pensioners May Lose Benefits'

Nick Clegg has called for wealthy pensioners to lose free bus passes and the winter fuel allowance as he tries to revive his party's fortunes. The Deputy Prime Minister, in a major speech on the welfare state, insisted the Government has an "absolute...

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Fuel Bills To Rise As Networks Get Upgraded

The energy watchdog has announced a major upgrade to Britain's gas and electricity networks that will be funded by a rise in consumer bills. The £24.2bn investment in the UK's ageing infrastructure will see a rise in fuel bills of up to £15.10 a year...

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Bank Eyes Plastic Money To Replace Notes

The Bank of England has made contingency plans for a changeover to plastic bank notes, Sky News has confirmed. Tender documents for a new contract to print money have included a clause allowing for the polymer-based currency. A source has told Sky...

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London Tube Drivers To Strike On Boxing Day

London Underground drivers are to go on strike on Boxing Day in a row over Bank Holiday pay. Members of Aslef will are to hold three 24-hour walk-outs - on December 26, and again on January 18 and 25. It is feared the move - which Aslef members backed...

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Female Directors 'Rocket Past Glass Ceiling'

More larger companies are hiring female directors, helping to boost their numbers by 240,000 over five years, a study has found. The overall number of company directors has increased since 2007, according to information services company Experian, with...

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Taxpayer Faces £50m Bill For Comet Collapse

The taxpayer is facing a £50m bill for the collapse of electrical retailer Comet, a report from the administrator is set to reveal. The report from Deloitte is likely to indicate that insufficient funds have been raised from the winding down of the...

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Ministry Of Defence Confirms Airwaves Sell-Off

The Ministry of Defence (MoD) has confirmed plans to sell part of its radio spectrum currently reserved for military purposes. The sale of the airwaves - used to support superfast 4G mobile broadband - will be the first of its kind by a Government department....

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RBS and FSA Wrangle Over £150m Libor Fine

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is wrangling with the City regulator over the scale of its culpability in the Libor interest rate-rigging scandal amid fears that a settlement will leave the bank exposed to massive civil...

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HMS Audacious: New Super Submarine For Navy

By Alistair Bunkall, Defence Correspondent A £1.2bn contract has been agreed to build a new submarine for the Royal Navy. The deal, awarded by the Ministry of Defence (MoD) to BAE Systems, will safeguard 3,000 jobs at the company's Barrow shipyard...

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Unemployed To Get Free Bus Rides To Find Jobs

Bus companies have come together to offer free travel to the unemployed as part of a Government-backed scheme to help people find work. Some 800,000 people across Britain who have been without a job for between three months to a year will be eligible...

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Tax Row 'Helping John Lewis Online Sales'

Tax Row: Convenience Still Priority Updated: 7:27pm UK, Sunday 09 December 2012 By Tadhg Enright, Business reporter Recession? What recession? So has been the mantra at John Lewis throughout the financial crisis during which sales growth consistently...

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Twitter Fined Over UK Business Accounts Delay

By Pete Norman, Sky News Online Social media giant Twitter has been fined after failing to file its UK corporate accounts, Sky News has learned. The company was due to lodge its annual accounts no later than September but has still not done so,...

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Pizza Hut Hunts For Larger Slice Of Market

Pizza Hut is hoping to increase its slice of the home delivery market by matching the store count of its key rival. It said it aims to open at least 100 new stores by 2014 through an investment estimated at £20m. Pizza Hut Delivery currently has around...

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50 Shades Of Grey Is Gold For Ann Summers

As many retailers suffer the effects of the consumer spending squeeze, one chain is crediting the popularity of a book for booming sales. Ann Summers tycoon Jacqueline Gold says the success of the saucy literary trilogy 50 Shades Of Grey has helped...

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