Tax Office Warns Football Clubs Over Low Pay

By Enda Brady, Sky News Correspondent Dozens of top-flight English football clubs are to receive a letter from tax inspectors warning them that they must pay staff the minimum wage or face a fine of up to £5,000 and potential prosecution. HM Revenue...

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Gary Bolton Jailed Over Fake Bomb Detectors

A businessman has been sentenced to seven years in prison for making and selling fake bomb detectors. Gary Bolton, 47, made millions of pounds selling the devices around the world, boasting they could detect explosives, drugs, ivory, tobacco and even...

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PlayStation 4: Europe Release Date Revealed

Sony's new PlayStation console will be released in Europe on November 29 and the US on November 15, the company has confirmed. More than one million pre-orders have already been received for the next-generation PlayStation 4. "The response we have...

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Sale Of Businesses Generates £500m For Lloyds

Lloyds Banking Group has sold off more than £500m of non-core assets as it seeks to strengthen its financial position and meet regulatory capital requirements. The bank, which is 39% owned by the taxpayer following a financial bailout in 2008, has sold...

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Court Approves Plan To End Kodak Bankruptcy

Fallen photography giant Kodak could emerge from bankruptcy after a court in the US approved a plan to reorganise the iconic company. The plan permits Kodak to reduce its debt and divest its film and printing business, among other steps, to reemerge...

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Surprise Deficit In July A Blow To Osborne

Official figures have revealed a surprise deficit in the UK's finances for July as the Government struggles to rein in spending. The Office for National Statistics (ONS) showed a £62m shortfall for July this year, compared to a £823m surplus in the...

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Top Taxman Takes Foxtons' Estate Agency Role

By Mark Kleinman, City Editor Britain's top taxman is joining the board of Foxtons as the estate agency chain seeks to exploit the buoyant housing market with a £500m-plus flotation. Sky News understands that Ian Barlow, the lead non-executive...

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Facebook Plans Cheap Web For Poorer Countries

Some of the world's biggest technology companies have joined forces to provide cheaper internet access for people in developing countries. Led by Facebook, the project aims to get more of the world's seven billion people online by providing low-cost...

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Threat To 250 Jobs At Heinz UK And Ireland

Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland. The firm said it had developed a new "streamlined structure", which could include the loss of 248 office jobs, adding it regretted the impact it would have on its employees....

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Banks Hit By £1.5bn ID Theft Mis-Selling Bill

By Mark Kleinman, City Editor Britain's banks will face up to another major mis-selling scandal on Thursday when the City regulator announces details of a compensation scheme for insurance customers that could cost the culpable lenders up to £1.5bn....

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