BP Profit Hit By Gulf Of Mexico Settlement

BP has set aside a further $4.1bn (£2.6bn) in relation to the Gulf of Mexico oil spill, as it reported a fall in profit. It takes the company's total cost of the explosion at the Deepwater Horizon rig in April 2010 to $42.2bn (£26.8bn). To pay...

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Dreamliner Batteries Get CT Scans Over Meltdown

Boeing 787 Dreamliner Timeline Updated: 9:31am UK, Tuesday 05 February 2013 The turbulent history of the Boeing 787 Dreamliner: Feb 5, 2013: Japanese official reveal CT scans of failed batteries does not reveal fire cause. Feb 4, 2013: Boeing requests...

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Dyson's New Tap Does Both Wet And Dry

Dyson has unveiled three new products - including a tap that washes a person's hands and then dries them. The company claims the Airblade Tap, along with two new versions of its existing Airblade dryers, are the fastest and most hygienic way for a person...

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Virgin Media Eyes Sale To US-Based Cable Firm

Virgin Media has confirmed it is in talks about a possible sale of the company to the US cable group Liberty Global. Almost five million households in the UK subscribe to Virgin's broadband, television and landline services. Virgin also has some three...

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Retail Sales Strong In January Despite Snow

Retail sales grew at their fastest rate in 13 months in January, despite heavy snow across the country, the latest figures have revealed. Last month's like-for-like retail sales were up 1.9% on the previous year, according to the British Retail Consortium...

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UK Develops Growing Taste For Sparkling Wines

By Isabel Webster, West of England Correspondent Britain will be the world's biggest importer of champagne and sparkling wine in the next five years as changing drinking habits will see us drink more fizz and less wine. New market research, conducted...

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Barclays Ups Its Mis-Selling Funds By £1bn

Barclays is to increase the funds put aside for mis-selling to consumers and businesses by another £1bn, taking the total to £2.6bn. Sky's City Editor Mark Kleinman - who revealed the news on Wednesday - said the provision for the mis-selling of payment...

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Dell Computers In Buyout Bid By Firm's Founder

Once-dominant US computer company Dell has unveiled a £15.5bn plan to take the firm private in a buyout by company founder Michael Dell. The company said it had signed "a definitive merger agreement" that gives shareholders $13.65 (£8.70) per share...

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Oaktree In Talks Over Countryside Deal

By Mark Kleinman, City Editor Oaktree Capital Management, the buyout firm, is eyeing a takeover of one of the multitude of housebuilders part-owned by the state-backed Lloyds Banking Group. I have learnt that Oaktree is among a small number of...

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UK Chip Firm ARM Rides Smartphone Wave

British smartphone chip designer ARM has reported a 20% rise in full-year pretax profit, with nearly every smartphone in the world now containing its technology. ARM Ltd made an annual pretax profit of £276.5m. It also reported fourth-quarter profit...

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