Sony Trims Loss Forecast Despite Hack Damage

Sony has predicted its annual losses will not be as bad as thought, despite revealing the hacking attack on its film division cost it about $15m (£9.9m). It is forecasting a loss of $1.4bn (£920m) for the fiscal year ending in March, better than an...

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New Co-Op Chairman To Donate Pay To Charity

By Mark Kleinman, City Editor The businessman being lined up as the Co-operative Group's first independent chairman is to donate his six-figure pay package to charitable causes linked to the mutual. Sky News has learnt that Allan Leighton is expected...

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Sky Beats Forecasts With Strong UK Growth

The UK's biggest pay-television company underlined continuing growth opportunities in its home market on Wednesday with a strong set of half-year results. Sky plc, the owner of Sky News, said that adjusted operating profit in the six months to December...

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GSK Injects Pace Into Blockbuster HIV Float

By Mark Kleinman, City Editor Drugs giant GlaxoSmithKline (GSK) has taken a step towards what would be the industry's largest-ever initial public offering (IPO) with the appointment of banks to assess the future of its HIV medicines subsidiary. Sky...

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Disney Basks In Frozen's Profit-Making Glow

Merchandise sales from Disney blockbuster Frozen helped push the company's income up 19% for the last three months of 2014. The entertainment giant said net income had grown to $2.18bn (£1.43bn) and that total revenue for the quarter was $13.39bn....

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Cable: Still Not Enough Women On UK Boards

By Anushka Asthana, Political Correspondent Vince Cable has warned the "threat of EU mandatory targets" forcing big companies to appoint many more women onto their boards is still a real possibility because the UK has yet to meet its 25% goal. It...

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Ex-Sainsbury Boss Aims To Be King Of F1 Team

By Mark Kleinman, City Editor Justin King, the former chief executive of J Sainsbury, is among a group of investors negotiating a multimillion pound rescue bid for the ailing Formula One (F1) team Marussia. Sky News can exclusively reveal that Mr...

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Greece's Tsipras 'Optimistic' After EU Talks

Greece's prime minister, Alexis Tsipras, has said he is "very optimistic" of finding agreement over easing his country's debt burden after meeting EU chiefs in Brussels. Mr Tsipras met European Commission President Jean-Claude Juncker as he attempts...

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Staples Agrees To Buy Office Depot for $6.3bn

By Sky News US Team Staples, the top US office supplier, is buying nearest rival Office Depot in a cash-and-stock deal valued at $6.3bn (£4.1bn). Office Depot shareholders will receive $7.25 in cash and 0.2188 of a share in Staples at closing. The...

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IFS: UK Faces Toughest Public Spending Cuts

Government spending cuts set out for after the general election are the toughest out of 32 advanced economies, according to the Institute for Fiscal Studies (IFS). Speaking in December's Autumn Statement, Chancellor George Osborne said Whitehall departments...

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