Vodafone's $130bn Windfall After Verizon Deal

Vodafone has confirmed it is selling its stake in America's largest mobile phone company in the third largest corporate deal in history. Verizon Communications will buy the British firm's 45% stake in their joint US venture Verizon Wireless for $130bn...

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Young Brits 'Could Miss Digital Jobs Boom'

Up to 750,000 jobs could be created in the next five years to fuel Britain's "burgeoning" digital economy, a report has predicted. Mobile phone giant O2 said the continued growth of the digital sector offers "fantastic opportunities for tech-savvy young...

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Bank Complaints Hit Record Amid PPI Scandal

Complaints about financial firms have surged to a record high as the effects of mis-selling continue to weigh on banks. The Financial Ombudsman Service (FOS), which settles disputes between consumers and financial firms, said new complaints rose 15%...

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Crayola Turns Dried-Up Markers Into Fuel

Crayola has developed a way of converting dried-up marker pens into diesel and other liquid fuels that can be used in ships and cars. The company, which produces up to 700 million markers a year, has joined up with New York clean energy company JBI...

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Microsoft's Nokia Move A Bid To Rival Apple

In the oft-confusing world of tech mergers and acquisitions where the ultimate intent is often opaque, shrouded in mystery, only to be revealed at a later date with some snazzy product launch, Microsoft's purchase of Nokia's handset business can easily...

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Microsoft To Pay £3.2bn For Nokia Phones

Microsoft Buys Nokia Handsets Updated: 12:02pm UK, Tuesday 03 September 2013 By Niall Paterson, Media and Technology Correspondent In the oft-confusing world of tech mergers and acquisitions where the ultimate intent is often opaque, shrouded...

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Wonga Confirms Weekly Profit Of More Than £1m

One of the biggest names in the controversial payday loans industry has confirmed it is making more than £1m in profits every week. As first reported by Sky's City Editor Mark Kleinman, a surge in customer numbers helped Wonga earn profits, after...

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Ex-Tory Treasurer Spencer Targets Invoice Firm

By Mark Kleinman, City Editor An investment vehicle whose directors include Michael Spencer, the former Conservative Party Treasurer, is in advanced talks about an acquisition that would trigger a stock market flotation. Sky News understands that...

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Walkie-Talkie Skyscraper Beam 'Melts Cars'

Blinding rays of light from a skyscraper in the City of London are being blamed for melting parts of vehicles below it. City AM journalist Jim Waterson managed to fry an egg in the glare of the skyscraper where the temperature was measured at 92.6F...

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Lloyds Boss Praises Coalition On Economy

The chief executive of Lloyds Banking Group has told Sky News that Government action in support of first-time home buyers is already proving a "game changer for the British economy". The boss of Britain's largest mortgage lender, Antonio Horta-Osorio,...

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