Fracking: More Protection For National Parks

Fracking will be allowed in national parks and areas of outstanding beauty only in "exceptional circumstances", ministers say, as new bidding for shale exploration licences opens. The policy is part of new guidance published by Government which is aiming...

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Govt Figures: Property Price Freeze In June

The average price of a home in England and Wales remained flat in June compared to the previous month, according to Land Registry figures. There was no change month-on-month when the average was taken across all regions. The Land Registry said the...

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Smartphone Costing Just £26 Launched In India

A smartphone is set to take on the iPhone and Samsung Galaxy at a fraction of the cost - just £26. The Karbonn A50S has a touchscreen display, front and rear cameras, and a dual phone number function. So far, it has only been released in India but...

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GSK Boss Says Pharma Giant May Be Split Up

Drugs giant GlaxoSmithKline (GSK) has revealed a possible spin-off of its consumer healthcare division. Chief executive Sir Andrew Witty said the carve up may occur if it offered more value as a standalone company. It comes following an announcement...

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Former CBI Chief To Aid Osborne Markets Probe

By Mark Kleinman, City Editor A trio of heavyweight figures including a former head of the CBI will this week be appointed to scrutinise a Government-led probe into financial markets launched in the wake of a string of major trading scandals. Sky...

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Ryanair Q1 Profit Soars From Easter Boost

Ryanair has set out plans for expansion in Europe after more than doubling its first quarter earnings. Shares at the no-frills rose 5% following the announcement that revenues rose 11% to €1.34bn (£1.06bn). Profit during April, May and June soared...

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Crashes Push Up Airline Insurance Costs

The global airline industry faces the prospect of huge insurance premium increases, following a spate of crashes. The warning comes as the sector is forecast to see annual losses hit more than £1.2bn - the most expensive year since the 9/11 attacks...

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Delays Expected Over Passport Staff Strike

Would-be travellers waiting for new passports are at risk of further delays as Passport Office staff strike. Members of the Public and Commercial Services Union (PCS) have walked out over staff shortages and pay issues, dating as far back as 2010. ...

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Microsoft 'Under Investigation' In China

Microsoft's China offices have been subjected to unexpected visits from state officials as part of a reported "investigation" into its affairs. The world's largest software company did not give a reason for the visits, but said it was "happy to answer...

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Lloyds 'Risks Criminal Action' In Rigging Case

The Bank of England (BoE) governor has warned Lloyds Banking Group that "clearly unlawful" conduct over fee manipulation may amount to criminal behaviour as it was fined more than £200m. Some £70m of the penalty related to efforts by Lloyds to rig fees...

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