Manchester City Facing £50m Fine From Uefa

By Paul Kelso, Sky News Sports Correspondent Manchester City face a £50m fine and having to limit their Champions League squad to just 21 players next season, instead of the normal 25, after breaching Uefa Financial Fair Play (FFP) rules, Sky News...

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UK House Price Warning Issued By Think-Tank

George Osborne believes the UK "should be vigilant" about the housing market amid warnings action may be needed to prevent it over-heating. But the Chancellor said the Government had given the Bank of England "the powers, the tools" to deal with this....

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Balfour Beatty Boss Quits On Profit Warning

The boss of infrastructure firm Balfour Beatty has resigned amid a profit warning that centred on the performance of its UK construction business. Andrew McNaughton quit with immediate effect after a £30m shortfall was discovered in the UK operation...

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Microsoft Plays Down Xbox 'Sell-Off' Talk

Microsoft has played down comments by Bill Gates in which he said he would "absolutely" support the firm's CEO if he wanted to spin off the Xbox division. In an interview with Fox Business the company's co-founder initially said selling off the Xbox...

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Ahrendts Secures £40m Apple 'Golden Hello'

Former Burberry chief executive Angela Ahrendts has been handed a £40m so-called 'golden hello' from her new employer, Apple. A regulatory filing shows the 53-year old American was awarded more than 113,300 shares - currently worth $68.1m - on joining...

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Refusing Zero-Hours Contracts Risks Benefits

Job hunters face losing their benefits if they refuse to take certain zero-hours contracts under the Government's welfare shake-up. Claimants failing to take up such jobs without good reason risk having their payments docked for more than three months....

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Antivirus Is 'Dead' Says Norton Software Boss

Antivirus software is "dead" according to an executive at the firm that pioneered it. Symantec, which developed software to protect computers from hackers 25 years ago, says it no longer thinks of antivirus as a "moneymaker in any way". Brian Dye,...

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Barclays Investment Bank Drags On Profits

Barclays has reported a 5% fall in adjusted pre-tax profits for its first quarter, dragged down by a 28% drop in income at its investment bank. It confirmed profits of almost £1.7bn as its Fixed Income, Currencies and Commodities (FICC) operation, contained...

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Carphone And Dixons Set To Unveil £4bn Merger

By Mark Kleinman, City Editor Carphone Warehouse and Dixons Retail are poised to set the seal on a £3.7bn merger of equals that will create one of Britain's biggest high street groups. Sky News has learnt that the two companies will make a statement...

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Jobs 'Sole Interest' In Pfizer Takeover Move

A View From The City: Market Forces Must Decide Pharma Fate Updated: 10:49am UK, Tuesday 06 May 2014 By Savvas Neophytou & David Buik, Panmure Gordon Panmure Gordon's senior pharmaceutical analyst Savvas Neophytou and its market commentator...

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