New Car Sales Up For 12th Successive Month

New car sales rose for the 12th successive month in the UK in February, bucking the market trend of falling demand across Europe. There were 66,749  new registrations in February -  a 7.9% increase on the February 2012 figure, according to...

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Microsoft Fined Over Rival Browser Choice

Microsoft has been fined 561m euros (£484m) by the European Commission for breaking its promise to offer a choice of rival internet browsers. The EU said that in 2009 Microsoft agreed to make a choice of browsers available to its Windows users in Europe...

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Around 400 Jobs At Risk Despite Dreams Sale

Sun European Partners has bought beds retailer Dreams following its collapse into administration. The deal, overseen by administrators Ernst & Young, saves 1,600 jobs at the chain - but around 400 positions remain at risk. The private equity group...

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Lady Gaga: Legal Action Over Gagged Gig

Concert promoters are suing three insurance syndicates after an Indonesian concert by Lady Gaga was cancelled due to a threat by Islamic hardliners. The breach of contract lawsuit was filed in Los Angeles by Live Nation LGTours, Mermaid Touring and...

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Payday Loans: Firms Given Reform Deadline

The UK's biggest payday loans firms are facing the prospect of being put out of business unless they implement swift changes to their practices within 12 weeks. The ultimatum was issued by the Office of Fair Trading (OFT) following a wide-ranging investigation...

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Ferrari Launches First-Ever Hybrid Model

Ferrari has unveiled its first-ever hybrid model - LaFerrari. The limited edition car was revealed at the Geneva Motor Show. The company says LaFerrari encompasses the "very best of Prancing Horse passion, technology and exclusivity". Ferrari president...

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Sir Mervyn King Wants RBS To Be Split Up

There are some who slip into retirement so quietly that you could be forgiven for missing their departure entirely. Then there's Sir Mervyn King. The Bank of England Governor chose his appearance before the Parliamentary Commission on Banking Standards...

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McLaren Eyes £100m Sports Car Deal

By Mark Kleinman, City Editor The British manufacturer of some of the world's most expensive sports cars is kicking off a £100m fundraising to accelerate its international expansion. I have learnt that in recent days McLaren Automotive has begun...

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Thomas Cook To Cut 2,500 UK Jobs

Holiday firm Thomas Cook says it is planning to axe 2,500 UK jobs to "secure" its future. It plans to consult on proposals to close 195 of its 1,069 high street travel agencies, with the full details being announced at a later date, though a union representing...

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Sir Mervyn King Writes To British Businessman

By Enda Brady, Sky Correspondent When Mike Benson was refused a £10,000 loan to buy a new transit van for his company selling air compressors in Worcestershire, he despaired. His business turned over £640,000 last year, and even more the year before...

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