Twitter Buys Indian Mobile Start-Up ZipDial

By Sky News US Team Twitter is buying Indian start-up ZipDial, seeking to expand in the world's second-biggest mobile market. The microblogging service did not disclose terms of the purchase, but TechCrunch put the deal at $30m to $40m (£20m to £26.5m)....

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Milk Prices Driving Farmers Under, MPs Warn

Dairy farmers are being driven out of business every week and need greater protection, MPs have warned. Milk prices have been hit hard by a Russian trade ban and falling demand from China which saw prices plummet from 34p a litre last year to 20p...

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Cash Savings Accounts Not Working - Regulator

The City regulator has announced proposals to make it easier to compare and switch cash savings accounts, saying the market is not working well for consumers. The Financial Conduct Authority (FCA) study found £160bn of funds in the £700bn market...

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IMF Cuts Growth Prospects Despite Oil Prices

The forecast has been slashed for global economic growth this year - with the UK's outlook also taking a hit. The International Monetary Fund's World Economic Outlook update said that apart from in the US, the economic performance of all major economies...

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Energy Bills: Scottish Power Joins Price Cut

Scottish Power has become the latest of the so-called 'Big Six' energy firms to cut its standard gas price. Like its rival British Gas, the company said it would be waiting a month before implementing the reduction. The 4.8% cut will come into force...

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Gordon Ramsay Loses London Pub Rent Battle

Celebrity chef Gordon Ramsay has lost his High Court battle over being held liable for the rent on a London pub he bought. The pub deal took place when his father-in-law Christopher Hutcheson was at the helm of his business and helping him build his...

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Findus Plots UK Sale After Horsemeat Crisis

By Mark Kleinman, City Editor The frozen-food company at the centre of the horsemeat scandal which engulfed the industry in 2013 is being prepared for a sale that will value its UK arm at hundreds of millions of pounds. Sky News has learnt that shareholders...

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China's Economy Suffers 'Painful' Slowdown

China's economy has expanded at its slowest pace in 24 years. Statistics published by the Chinese government show that the world's second largest economy grew by 7.4% in 2014 compared with 7.7% in 2013. The government target of 7.5% was missed but...

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Shoplifting Surge 'Not Taken Seriously'

By Martin Brunt, Crime Correspondent Police forces are being accused of not doing enough to tackle a boom in shoplifting. A survey shows a 36% rise in the money lost in shop thefts, the highest figure for a decade. But most shoplifting goes unreported...

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Afren Reviews Options Amid Oil Price Slump

By Mark Kleinman, City Editor A crisis-hit London-listed oil company has drafted in restructuring advisers amid growing concern among its lenders about the impact of a prolonged slump in global oil prices. Sky News understands that a financial restructuring...

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