Osborne Faces Scepticism Over Lloyds Sale

By Mark Kleinman, City Editor George Osborne is facing scepticism from inside his own department about the prospect of a multibillion pound sale of Lloyds Banking Group shares to the general public. Sky News understands that some Treasury officials...

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BlackBerry Slashes Jobs In Face Of $1bn Loss

BlackBerry has confirmed it will cut 40% of its global workforce as it said it expects to report that it has lost almost $1bn in its second quarter. The smartphone company said it would lay off 4,500 employees as it tries to slash costs by 50% and shift...

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Food Price Rises 'A Source Of Stress'

Rocketing food prices are a "source of stress" for four in 10 UK consumers, while a third say they are struggling to feed themselves or their family. Almost eight in 10 shoppers (78%) are worried about the increasing cost of food, with almost half (45%)...

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Apple Is Coolest Brand As Fashion Fights Back

Apple has retained its title as the coolest brand in Britain as big luxury names returned to the top, according to the CoolBrands annual survey. Aston Martin, last year in third, was second, and Rolex, a no-show last year, was second. The sportswear...

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Centrica Shelves £1.5bn Gas Storage Plans

Britain's attempts to keep the gas supply from hitting dangerously low levels has been dealt a blow by British Gas owner Centrica after it shelved plans for two storage projects at a cost of £240m. The country came within six hours of running out of...

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Supermarkets Cut Petrol Prices By 2p A Litre

Petrol wars are driving down the price of fuel on the forecourt as two supermarkets announced they were cutting the cost by up to 2p per litre. Asda announced that from Tuesday it would be taking 2p a litre off the price of petrol and 1p off a litre...

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Labour Wants Bank Levy Hike To Fund Childcare

Working parents with children aged three and four would receive 25 hours of free childcare a week under new Labour plans. Shadow chancellor Ed Balls has pledged to increase the hours covered by state funding from 15 to 25, where a single parent or both...

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Tesco In Challenge To iPad With Hudl Tablet

Tesco has launched its challenge to the iPad and the Kindle with its own tablet computer, the Hudl. The Android-operated, seven-inch device is priced at £119, a snip compared to its Apple counterpart but on a par with the Google and Kindle offerings....

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Bank Watchdog Steps Up Bonus Cap Opposition

By Mark Kleinman, City Editor A cap on bank bonuses being introduced at Brussels' behest would drive up fixed costs and expose lenders to greater risk of instability, the Bank of England will warn next month. Sky News has learnt that the Prudential...

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Apple iPhones And iOS 7 Break Records

Apple's new iOS 7 operating system has become the fastest software upgrade in history, according to the industry giant. More than 200m devices are now running on the new system, which features a fingerprint security scanner and was launched just two...

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