Halliburton To Plead Guilty Over Gulf Oil Spill

Halliburton is to plead guilty to destroying evidence in connection with the 2010 Gulf of Mexico oil spill. The US company has agreed to pay the maximum statutory fine of $200,000 (£130,000), to stay on probation for three years and to continue to cooperate...

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Wonga Ad Delivers Riposte To Archbishop

By Mark Kleinman, City Editor The payday lending group Wonga will on Friday attempt to begin changing public perceptions of its business model following a vow by the Archbishop of Canterbury to "compete it out of existence". Sky News has seen a...

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BSkyB Sees Full-Year Profit Up 9% To £1.33bn

BSkyB, the owner of Sky News, has announced a 9% rise in full-year operating profit to £1.33bn. BSkyB has also announced a £500m share buyback and an 18% increase in the dividend. Revenue for the entertainment and home communications company was up...

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GDP: Green Shoots As Growth Up 0.6% In Q2

The UK saw an estimated GDP growth of 0.6% in the second quarter, according to the Office for National Statistics (ONS). The figure matched market expectations and comes on top of 0.3% growth in the first three months of 2013. The nation recorded growth...

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Wonga: Archibishop Aims To End Payday Lenders

Church Credit Union Plans Q&A Updated: 10:19am UK, Thursday 25 July 2013 :: What is a credit union? A credit union is essentially a co-operative whose members pool their savings to provide credit at a low interest rate. Members may live in the...

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Spanish Banks In Profit As Jobless Rate Drops

A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years. The banks have shown trading gains and lower writedowns on property...

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GSK Admits China Execs Flouted Law Over Drugs

GlaxoSmithKline (GSK) has said that some of its executives in China appeared to have broken the law as part of a major bribery scandal that has ensnared the UK pharmaceutical firm. The news comes as rival UK drugmaker AstraZeneca has confirmed to Sky...

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EU Review Reveals Fears About New Powers

Britain needs to keep control of its own tax policy and look out for any loss of control over foreign affairs, according to a new Government report on the EU. The first part of the biggest review of Britain's involvement in the union in 40 years looked...

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Fire Control Room Overhaul 'Is Still Failing'

A project to build new fire control centres which wasted £482m of taxpayer's cash is still costing millions of pounds three years after it was scrapped, MPs say. The previous Labour government drew-up plans in 2004 to locate 46 local fire services in...

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Economy Figures Set To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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London Mayor Eyes Chinese Funds For Airport

By Mark Kleinman, City Editor State funds from China and South Korea are preparing to deliver a major boost to Boris Johnson by committing billions of pounds to the construction of a new London hub airport. Sky News can reveal that advisers to...

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Digital Tech Sector 'Is 60% Bigger' - Report

The Government has underestimated the scale and importance of digital technology firms to the UK's economy, a new report suggests. The study claims that there are almost 270,000 active companies in the UK compared to conventional measurements which...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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Economy Figures Set To Show 'Positive Growth'

By Tadhg Enright, Business Reporter Economists are predicting good news when the first estimate of economic growth during April, May and June is revealed next week. Analysts expect the Office for National Statistics to say that the economy grew...

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