Card Fraud Group Flags Up £150m Sale Prospect

By Mark Kleinman, City Editor One of Britain's biggest providers of card fraud prevention services could be about to net its backers a £150m windfall. Sky News understands that ReD, which is owned by Palamon, a private equity firm, is to be put...

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Immigration Curbs Bad PR For UK, Says Minister

Britain's immigration policy has been bad PR for the country abroad and is putting off students, according to the science minister. David Willetts said that moves to reduce the number of people coming to the UK to the tens of thousands by next year...

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Mt Gox Bitcoin 'Theft' Faces Legal Probes

Authorities in Japan have confimed an investigation into the alleged theft of Bitcoins from Tokyo-based exchange Mt Gox while prosecutors in the US also demand answers. Japan's Chief Cabinet Secretary told reporters a multi-agency inquiry had begun...

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RBS Reaches Deal To Award £550m Bonus Pot

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to pay approximately £550m in staff bonuses for 2013 after securing the agreement of the Treasury agency that is its biggest shareholder. Sky News has learnt that the taxpayer-backed...

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Co-op Hits 6,500 Staff With Job Uncertainty

The Co-operative Group has confirmed it may sell its pharmacy business, employing 6,500 staff, as part of its strategic review. It is also looking to offload 15 farms it owns, which have an estimated land value of £49m. The review - ordered in the...

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Adidas Shelves Racy Brazil World Cup T-Shirts

Adidas has agreed to stop selling a line of World Cup T-shirts after officials in Brazil claimed they encouraged "sexual tourism". The raunchy range included a top with the caption "Lookin' to Score" alongside the word "Brazil" and an image of Sugar...

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Energy Bills: New Rules To Boost Competition

The energy regulator has announced new rules to try to boost competition between household suppliers and provide greater clarity for bills. Ofgem has confirmed that new regulations due to be implemented at the end of next month will force the so-called...

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Blackphone Promises Super Security And Privacy

A new Android phone promising "security provided by the world's leading experts" has been unveiled. Blackphone comes from cryptographer Phil Zimmerman, whose company Silent Circle has joined forces with Spanish smartphone company Geeksphone for the...

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Cameron Criticised On Flood Defence Spending

The boss of the country's biggest insurance firm, Legal & General, has told Sky News he is concerned about a lack of spending on flood defences. As the industry faces Government pressure to pay out quickly on the costs of the winter storms, Nigel Wilson...

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RBS Slashes Costs As Markets Chief Bows Out

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) will on Thursday unveil plans to slash billions of pounds from its cost-base in an overhaul aimed at facilitating its eventual return to private sector ownership. Sky News has learnt that...

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