FBI Confirms Probe Into High-Speed Trading

By Hannah Thomas-Peter, New York Correspondent The Federal Bureau of Investigation has been investigating high-speed trading firms for "several months", Sky News has confirmed. High frequency or high speed trading involves the use of extremely...

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TPG Turns Taps On For Victoria Plumb Deal

By Mark Kleinman, City Editor One of Britain's leading bathroom retailers is to be snapped up by TPG, the private equity giant, in a deal that will catapult its owners into the ranks of the super-rich. Sky News understands that TPG will announce...

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GM Faces Congressional Hearing Over Safety

Events Leading Up To GM Recall Updated: 6:15pm UK, Tuesday 01 April 2014 The US House Energy and Commerce Committee has compiled a timeline of events leading up to General Motors' ignition switch recalls. Here are some key events highlighted by the...

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BT Rural Broadband Rollout Under Fire

BT has come under fire from MPs because of its "virtual monopoly" in the rollout of the broadband access for rural areas programme. The powerful Public Accounts Committee (PAC) said the decision to award all 44 contracts to the company in the £1.2bn...

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Mobile Banking Doubles As Branches Struggle

Mobile banking transactions doubled last year, further increasing the risk to traditional high street branches. According to a study by the British Bankers' Association (BBA), the number of transactions carried out on smartphones and tablets reached...

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Shares Up As FCA Clarifies Pension Probe

The City regulator has revealed that it will not individually review millions of pension and saving policies, prompting a share price rise for financial providers. The Financial Conduct Authority (FCA) clarified the position in its 2014-15 business...

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Facebook's Zuckerberg Makes $3.3bn In One Year

Facebook founder Mark Zuckerberg made $3.3bn (£2bn) last year from the sale of stock options, it has been revealed. The 29-year-old has now exhausted his supply of stock options as a result of Facebook's public offering, but still owns 426.3 million...

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New Consumer Watchdog CMA Goes On The Prowl

By Poppy Trowbridge, Consumer Affairs Britons now have a new consumer watchdog responsible for ensuring value for money across a wide range of industries. The Competition and Markets Authority (CMA) has become the UK's primary competition and consumer...

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Npower Hatches Nest Deal As Energy Row Rages

By Mark Kleinman, City Editor One of Britain's biggest energy companies has struck a deal with a Google-owned smart technology provider amid the raging debate about rising energy prices. Sky News understands that Npower, which is owned by the German...

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PM: 'Royal Mail Sell-Off Good For Taxpayers'

The Prime Minister has defended the Royal Mail sell-off, claiming it has been good for the taxpayer, despite a report saying the public purse had lost out. David Cameron said the sale had benefited the taxpayer in three ways: it had generated money...

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