Barclays Profits Fall 25% Amid Restructuring

Barclays endured a 25% fall in first quarter profits as £514m of restructuring costs weighed heavily. The bank reported an adjusted pre-tax profit for the three months to March of £1.79bn, down from £2.4bn a year ago, just below analysts' expectations....

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Apple Profits Fall For First Time In 10 Years

Apple has reported its first fall in profits for nearly 10 years - a move that could further threaten its market value. Analysts expected a tumble of up to 18% in earnings when the company delivered its second quarter trading statement on Tuesday. ...

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Chinese Hacking Suspects 'Back In Business'

By Alistair Bunkall and Mark Stone, Sky News A group of Chinese hackers suspected of being behind a cyber attack on the New York Times earlier this year may be restarting its campaign. BAE Systems, the defence contractor, says it has unearthed...

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Govt Courts Buyout Firms Over Royal Mail Deal

By Mark Kleinman, City Editor The Government is courting some of the world's biggest private equity groups about a potentially controversial plan to acquire a major stake in Royal Mail. I have learnt that advisers to the Coalition have in recent...

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LG's Profit Falls Despite Record Phone Sales

LG Electronics has reported a fall in quarterly profit, despite a strong recovery in its smartphone business. The South Korean company said new models helped push smartphone sales to a record 10.3 million units over the three months to March. The figures...

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Funding For Lending Scheme Given Makeover

The Funding for Lending Scheme (FLS) to boost the economy has been extended and reworked in an attempt to help get more credit to small firms. Under the reforms announced by the Treasury and Bank of England the country's banks are being offered an up...

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Singapore Stages New StanChart Protest Vote

By Mark Kleinman, City Editor The Singaporean state investment company Temasek Holdings is to stage a protest vote for the second consecutive year at next month's annual meeting of Standard Chartered, the emerging markets bank. I have learnt that...

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Boeing Profit Soars Despite Dreamliner Issue

Boeing 787 Dreamliner Timeline Updated: 12:07pm UK, Monday 22 April 2013 The turbulent history of the Boeing 787 Dreamliner: Apr 22, 2013: The batteries in five All Nippon Airways Dreamliners and two Japan Airlines jets are replaced Apr 19, 2013:...

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Fawcett Society: Female Unemployment To Rise

By Becky Johnson, Sky News Correspondent Unemployment among women is set to rise to 1.5 million by 2018, according to a report that says 400,000 women in the UK can expect to lose their jobs over the next five years. The study by the Fawcett Society...

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Co-Op Deal To Buy Lloyds Branches Collapses

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has fallen through. The Co-op - which pulled out of the £800m deal - said it was "not in the best interests of the Group's members" at the present time. "This decision...

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