Chinese Hacking Group Undetected For Decade

A Chinese state-backed hacking group has been stealing information from foreign companies and journalists for more than a decade undetected, it is claimed. US cybersecurity company FireEye says the group has even managed to carry out sophisticated...

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More Buyers Building Homes - The Old Way

By Enda Brady, Sky News Correspondent With property prices rising and many young people still finding it hard to get a mortgage, more and more would-be homeowners across Britain are turning to one of the oldest methods of building. Cob building involves...

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UK Holidaymakers Being Conned Out Of Millions

A warning has been issued to those booking holidays online, as it is revealed that British holidaymakers were conned out of £2.2m last year. Criminal groups have targeted online booking firms to steal cash from unsuspecting customers and many only...

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Conservatives Promise To Cut Inheritance Tax

The Conservatives have said they will take family homes out of inheritance tax by introducing a new allowance which effectively increases the threshold for tax to £1m. David Cameron said that if his party wins the 7 May election, parents will be offered...

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Buyout Firm Flowers Eyes Bid For Genworth Arm

By Mark Kleinman, City Editor Genworth Financial, a troubled US insurance company, is in talks with one of the financial services industry's most prolific investors about the sale of a business that includes a range of products sold to UK customers....

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Google Could Face Formal EU Charges And Fines

Google could face formal charges in the EU's antitrust inquiry into the search and email giant. Investigators have been looking at whether Google has abused its large search market share by pushing its own products. Rivals such as Microsoft want...

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Car Rental Giant To Accelerate With US Deal

By Mark Kleinman, City Editor One of the biggest car rental operators in the UK is to snap up Auto Europe, a US rival, in a move that will create a transatlantic industry powerhouse. Sky News understands that CarTrawler, which is based in Dublin...

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Miliband: 'I Am Ready' To Lead Better Britain

Ed Miliband has attempted to convince voters he can be trusted with the economy pledging to cut the deficit year on year and saying: "I am ready" to lead the country. The Labour leader promised to get the Budget back into surplus "as soon as possible"...

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Labour Backs Fan Control Of Football Clubs

By Paul Kelso, Sports Correspondent The Labour Party will introduce new laws allowing football supporters to appoint or remove two club directors and buy shares when the club changes hands if it wins the election. The pledge, first made last year...

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Labour Retreats On Threat To Break Up Banks

By Mark Kleinman, City Editor Labour has retreated on a threat to carve up Britain's biggest banks less than 15 months after Ed Miliband said lenders would be forced to sell "significant numbers of branches". Sky News can reveal that Labour has quietly...

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Energy Firm Pays Heavy Price For Overcharging

Energy firm E.ON is to hand £7.75m to Citizens Advice for customers who were overcharged after price rises. The sum is on top of the £400,000 E.ON has already paid back money to others who may have been affected. Regulator Ofgem said the penalty...

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Pru Boss 'Irritated' By Labour Letter Row

By Mark Kleinman, City Editor A row over company bosses' political affiliations ahead of the General Election deepened on Thursday amid allegations that Labour was trying to undermine the leaders of some of the UK's biggest businesses. Friends of...

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Temasek Snaps Up Stake In UK's Funding Circle

By Mark Kleinman, City Editor A fast-growing peer-to-peer lending platform is to sell a stake in itself to Temasek, the Singaporean sovereign wealth fund, as part of a fundraising that will catapult it into the ranks of Britain's most valuable technology...

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M&S Reveals Like-For-Like Sales Up 0.7%

Marks & Spencer has revealed like-for-like sales of food and clothing are up 0.7%, the first rise in sales for 14 quarters. The retailer issued a trading statement for the 13 weeks to 28 March, which also revealed that total like-for-like UK were...

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'Radical' Pension Changes Come Into Force

By Poppy Trowbridge, Consumer Affairs Correspondent Major changes to pension rules come into effect today which will allow savers to have more control over their money when they retire. People aged over 55 are now able to cash in their pensions and...

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Tories Woo New Backers As Boots Boss Says No

By Mark Kleinman, City Editor The Conservatives have embarked on a fresh attempt to court backing from the business community hours after the publication of a letter warning against "a change in (economic) course" pursued by a Labour administration....

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Kurt Geiger To Try On Another New Owner

By Mark Kleinman, City Editor The upmarket shoe retailer Kurt Geiger is preparing to try on another new owner less than a year after its last buyout. Sky News understands that the company's management and their backers at Sycamore Partners, an American...

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Sluggish US Economy Adds Only 126,000 Jobs

By Sky News US Team A slow US economy added a lower-than-expected 126,000 jobs in March, though the unemployment rate held steady, as predicted, at 5.5%. Friday's jobs reports broke a run of 12 consecutive months in which the economy added more than...

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Tories Accused Of 'Secret Tax Plan' By Labour

The Conservatives have been accused by Labour of favouring the rich after the Chancellor refused to rule out cutting the top rate of income tax in a Sky News interview. George Osborne told the Murnaghan programme his party had "no plans"...

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Challenger Poaches Exec From Bank of England

By Mark Kleinman, City Editor One of a new wave of banks set up to challenge the hegemony of the UK's established high street lenders will announce this week that it has poached a senior executive from the Bank of England. Sky News has learnt that...

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Bank Of England Reveals New Lender Stress Test

The UK's biggest banks will have to show how they would cope with a 1930s-style global economic slump under a new doomsday scenario. The second annual stress test of the financial system set by the Bank of England (BoE) aims to act as a health check...

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Stamp Price Rise: Royal Mail Increases Cost

The price of both first and second class stamps has increased. The cost for first and second class stamps has risen by 1p to 63p and 54p respectively. Sending a large letter has increased by 2p to 95p for first class and by 1p to 74p for second...

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Gulf Keystone Investors Push To Remove Murray

By Mark Kleinman, City Editor Investors in a controversial London-listed oil company are demanding that it begins hunting a successor to its chairman in return for backing a £30m fundraising. Sky News has learnt that several major City institutions...

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UK Airlines Bring In New Cockpit Safety Rules

By Charlotte Lomas-Farley, Sky News Correspondent New safety rules have been introduced in the UK after 150 people on board the Germanwings Airbus A320 were killed when it crashed in the French Alps. The UK's aviation regulator, the UK Civil Aviation...

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Google Can Be Sued In The UK Over Web Tracking

Google has lost a Court of Appeal battle to stop British consumers from suing it in the UK. A group called Safari Users Against Google's Secret Tracking accuse Google of bypassing security settings on Apple's browser to track their online browsing...

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Woman Loses Silicon Valley Gender Bias Claim

By Sky News US Team A technology chief executive has lost her claim of sex discrimination in a $16m lawsuit against a Silicon Valley venture capital firm. Gender was not a substantial reason that Ellen Pao lost her job at Kleiner Perkins Caufield...

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Pension Data Sales Claims Trigger Inquiry

An investigation has been launched by the data watchdog into claims that details of milllions of people's pensions are being sold to cold-calling firms and fraudsters. The Information Commissioner's Office (ICO) has described the revelations as "very...

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Kingfisher Abandons Takeover Of Mr Bricolage

A planned £200m deal by the owner of B&Q to buy the French DIY chain Mr Bricolage has collapsed. The market responded positively to the development with shares in Kingfisher rising by 2% or 8.6p to 366.4p. The home improvement giant confirmed...

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Windsor Castle Staff Threaten Action On Pay

Staff at Windsor Castle are threatening industrial action in a dispute over 'scandalous' pay. Around 120 members of the Public and Commercial Services union who work for the royal attraction's visitor services, including guides and kitchen staff,...

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Labour Business Launch Overshadowed By Row

By Sophy Ridge, Political Correspondent Ed Miliband's business manifesto launch has been overshadowed by a row over Labour's use of business leaders' quotes in an advert for the party's stance on the EU. The Labour leader faced a backlash over the...

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