PlayStation Network Hacked 'By Lizard Squad'

Sony's PlayStation online store appears to have been hacked - with a group calling itself Lizard Squad claiming responsibility. The company, whose film arm has just been hit by cyberattack, said the problem had lasted only two hours and there...

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McDermott Gets Nod For FCA Supervision Role

By Mark Kleinman, City Editor The executive who has led the City regulator's zealous efforts to punish banks' misdemeanours is to be rewarded with a promotion as part of a wide-ranging restructuring. Sky News understands that Tracey McDermott, the...

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GoCompare Founder Nets £44m In Esure Deal

The founder of GoCompare is in line for a £44m windfall after the business she started eight years ago was sold to car insurance firm esure. Hayley Parsons will step down as chief executive of the price comparison site as a result of the £95m deal...

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Interest Rates Rise: Will You Feel The Impact?

The Bank of England has signalled that thousands of households will have to cut back as they struggle to keep up with mortgage payments when interest rates start rising. The bank estimates that 37% of households will either need to work more or spend...

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M&S Hit By Pre-Christmas Online Delivery Delays

By Sam Washington, Business Presenter Marks and Spencer has been forced to delay online deliveries after its distribution centre could not keep up with orders. The high street giant was caught out by Black Friday - an American post-Thanksgiving shopping...

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Wonga Braces For FCA Cap With Lower-Cost Loan

By Mark Kleinman, City Editor Britain's biggest payday lender has begun secret trials of lower-cost loans just weeks before a deadline set by the City regulator to comply with a new crackdown on the industry. Sky News has learnt that Wonga has in...

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'Speed Up Benefits Payments' To End Hunger

Benefits should be paid faster and a living wage introduced in an effort to eliminate hunger in the UK by 2020, says a report by a cross-party group of MPs and church leaders. They also recommend that more leftover food is donated to food banks and...

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Borrowers Could Handle Rate Rise, Says BoE

Home borrowers could handle rate rises, according to the Bank of England. Gradual increases would not have "unusually large effects" on household spending, it said. The bank does warn a rate rise to 2.5% would see the number of families struggling...

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BP Speeds Up Job Cuts As Oil Prices Drop

BP has said the falling price of oil means it is speeding up job cuts in the UK and abroad. The company, which has around 15,000 employees in the UK and about 84,000 worldwide, has been undergoing a major rationalisation since the Deepwater Horizon...

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Crackdown On Nuisance Calls 'Plague' Urged

Company bosses should be held accountable for nuisance calls made to customers, according to a Government task force. The expert panel said more than a billion unwanted calls are estimated to be made every year and are causing considerable distress...

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