Ryanair Told To Pay Back €9.6m In State Aid

Ryanair is facing a legal battle with the European Commission after it was ordered to repay almost €10m (£7.9m) in what was found to be illegal state aid. The no-frills carrier said it had instructed its lawyers to challenge the Commission's findings...

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Banks Face £1.5bn Hit From PPI Claims Deluge

By Mark Kleinman, City Editor Britain's largest high street banks will announce next week that they are setting aside more than £1bn in additional provisions to compensate customers who were mis-sold payment protection insurance (PPI). Sky News...

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PayPal Offers 'Faster, Fairer' Cash To UK Firms

Small firms will soon have access to a new source of funding as a debate continues to rage on the availability of cash support from banks. From this autumn, PayPal's business customers, including those on its eBay platform, can secure working capital...

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Apple Profits Up 12% As Microsoft Innovates

Strong iPhone sales in China have boosted Apple's profits as rival Microsoft endures a Nokia hangover. The latest results from the two tech companies exceeded analysts' expectations but underlined conflicting challenges. Apple investors want to see...

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Royal Mail Averts Threat Of Whitehall Pay Row

By Mark Kleinman, City Editor Royal Mail has averted the prospect of an embarrassing row with its biggest shareholder after a last-gasp decision by the Government to support its pay policies at this week's annual meeting. Sky News has learnt that...

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GSK Sees Fresh Air Ahead As Lung Drug Falters

GlaxoSmithKline (GSK) has endured a further fall in its value after cutting its earnings outlook for 2014 but raising hopes that new drugs will turn its fortunes around. Britain's biggest drug manufacturer reported that operating profits fell 10% to...

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Apple's Court Battle With 20,000 Ex-Employees

A court case against Apple by 20,000 disgruntled ex-employees has been granted class-action status. The former staff members say the firm held back their wages and stopped them from taking rest breaks. The lawsuit was originally filed in 2011 by four...

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Major Airlines Suspend Flights To Israel

Major airlines from the US, Europe and Canada are refusing to fly to and from Israel after a rocket fired from Gaza landed near Tel Aviv's Ben Gurion international airport. Delta and United Airlines suspended services between the US and Israel, while...

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UKTI CEO Hails 'Open' Exports Amid Russia Row

By Mark Kleinman, City Editor The head of the Government's trade promotion agency has hailed Britain's "clear and transparent" export control regime amid a growing row over the number of UK licences allowing arms sales to Russia. Speaking to Sky...

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Govt Accused Of Russian Arms Double Standards

By Alistair Bunkall, Defence Correspondent The UK Government has been accused of double standards over its continued arms sales to Russia. It is still exporting £132m of weapons to Russia despite the shooting down of flight MH17 and previously...

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