Ryanair Profits Slide 8% Amid Falling Fares

Ryanair has seen an 8% drop in full-year net profit, its first decline for five years. The airline said earnings for the 12 months to the end of March were €523m (£425m), down from €569m (£465m) a year earlier. The company had previously warned of...

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Buying Latest Apps Helps Web Giants Stay Young

By Tom Cheshire, Technology Correspondent Twitch.tv and Snapchat may have launched only three years ago, but they're already shaping the internet giants YouTube and Facebook - in different ways. Twitch is an online video platform that lets its...

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AT&T Plans To Buy DirecTV For $48.5bn

Telecoms giant AT&T plans to buy DirecTV for $48.5bn (£28.8bn), a bid that highlights the convergence between video and mobile devices. The combination with DirecTV, the No1 US satellite TV provider with 20 million customers, would beef up AT&T's...

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French Rogue Trader Kerviel Behind Bars

A French rogue trader convicted for his role in the near collapse of Societe Generale bank has been detained after spending two months on a protest walk. Jerome Kerviel journeyed from Rome to the Italian border town of Ventimiglia to demonstrate against...

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The Clock Ticks On Pfizer's Bid For AstraZeneca

By Ian King, Business Presenter In an industry in which a decade can pass in the twinkling of an eye - that is generally how long it takes for a drug to be developed in a laboratory, approved by regulators and made available to patients - the board...

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Van Gaal Named Manchester United Manager

Manchester United have confirmed Louis Van Gaal is their new manager. The Netherlands national coach has been linked with United since the departure of David Moyes towards the end of last season. Van Gaal will join United after the Dutch complete their...

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Facebook 'Is Building App To Rival Snapchat'

Facebook is building an app to rival Snapchat just months after it failed in an attempt to buy the photo-sharing service. The Financial Times reported that Facebook has been working on the app - known internally as Slingshot - for several months....

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Dallas-Based Hedge Fund Buys Co-op Bank Stake

By Mark Kleinman, City Editor A Dallas-based hedge fund boss who made millions of dollars from the 2007 US housing crash has snapped up a stake in the struggling Co-operative Bank. Sky News has learnt that Hayman Capital Management is one of a...

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AstraZeneca Boss Says No Deal Before Deadline

AstraZeneca Rejects Pfizer: Full Statement Updated: 8:09am UK, Monday 19 May 2014 The Board of AstraZeneca PLC ("AstraZeneca" or the "Company") notes the announcement by Pfizer Inc. ("Pfizer") of its final proposal (the "Final Proposal"), comprising...

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Cyber-Spying Charges Against China Officials

The US has charged five Chinese military officials in Beijing with economic espionage and trade secret theft - allegations that China says are "made up". The indictment accuses the five hackers of targeting US nuclear power, metals and solar products...

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