Lloyds: Osborne Plans Taxpayer Stake Sale

By Mark Kleinman, City Editor The Government signalled today that it would begin considering the sell-off of its stake in Lloyds Banking Group when the lender's share price hits 61p - a far lower level than previously thought. Treasury officials...

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Brits' Daily Internet Use Doubles, Says ONS

The number of people in Britain using the internet every day has more than doubled in six years to 33 million, according to the Office for National Statistics. That figure represents 68% of those over 16. In 2006, only 16 million adults said they went...

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Horsemeat: Four New Products Test Positive

Tests on four beef products sold by Birds Eye, Taco Bell and catering supplier Brakes have been found to contain horsemeat. Checks revealed contamination of Birds Eye Traditional Spaghetti Bolognese and Beef Lasagne, Taco Bell's ground beef and Brakes'...

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Row Looms As Anglo Boss Nets £7m Exit Deal

By Mark Kleinman, City Editor The departing boss of Anglo American, one of the world's biggest mining companies, is to receive a potential £7m exit package that will reignite the row over executive pay. I have learnt that Cynthia Carroll, who steps...

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Megaupload Kim Dotcom Rebuffs US Legal Move

Online entrepreneur Kim Dotcom has brushed aside an increased risk of extradition to the United States after New Zealand judges overturned a lower court's demand about evidence. The court of appeal ruled that US authorities need not disclose all of...

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Pound Falls As Triple Dip Fears Fuelled

Sterling has fallen to a two-and-a-half-year low against the dollar after manufacturing figures for February revealed a fall in output. The closely watched Markit/CIPS purchasing managers' index showed a slump in activity to 47.9 - well below the 50...

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Pressure On First Buyers As House Prices Rise

By Nick Martin, Sky Correspondent House prices edged up month-on-month in both January and February this year, bringing good news for homeowners but adding pressure on first-time buyers. Building society Nationwide said it was cautiously optimistic...

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Obama Signs Order To Start Spending Cuts

President Barack Obama has signed an order authorising $85bn cuts in domestic and defence spending following the failure of efforts to strike a deal with Republicans on cutting the US deficit. Mr Obama and Republican leaders in the House and Senate...

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Rape T-Shirt: Amazon Offered 'Hit Her' Tops

Amazon is continuing to offer T-shirts advocating domestic violence on its website - after withdrawing tops sloganed "Keep Calm And Rape". The company withdrew the rape T-shirts - sold by the Solid Gold Bomb company - from its UK site and later pulled...

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HSBC Boss Gulliver In Line For £2m Bonus

By Mark Kleinman, City Editor HSBC is to award its chief executive a bonus of just under £2m for 2012 following a year of successful strategic action to overhaul the bank but which was marred by a £1.2bn fine for violating US money-laundering laws....

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