Vodafone Hit By Declines Across Europe

Mobile phone giant Vodafone has seen its quarterly revenue decline across key markets in Europe and the UK. Total group service revenue for the first quarter, ending June 30, was down 3.5% at £10.15bn. Vodafone said conditions in Europe remain "challenging",...

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Fracking Water Warning As Tax Break Announced

UK water companies have warned shale gas 'fracking' should not be allowed to compromise public health as the Chancellor unveiled plans for a "generous" tax relief regime for the industry. Water UK policy and business adviser Dr Jim Marshall said public...

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Blaze: Innovation Aims To Keep Cyclists Safe

By Naomi Kerbel, Sky News Inventor Emily Brooke gave up reading physics at Oxford University to study product design at Brighton. The gamble paid off. She graduated top of her year, was sent on an entrepreneurial scholarship to America and has...

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Petrol Prices Set To Jump By 5p Over Summer

Petrol pump prices could soar 5p a litre - burning a hole in the pockets of holiday motorists, the AA has warned. A surge in the wholesale cost of petrol across Europe has already led to a rise in UK petrol and diesel prices, with more misery possibly...

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Gulf Keystone Close To Ending Shareholder Row

By Mark Kleinman, City Editor The London-listed oil explorer Gulf Keystone Petroleum is on the brink of resolving a row with some of its leading shareholders with a deal that would avert a revolt against its new chairman. Sky News understands Gulf...

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Greece: Wealthy Shipowners To Bail Out Economy

The owners of Greece's wealthy shipping industry, under fire over low tax bills amid recession and austerity, have agreed to help out the struggling economy. The government says the agreement with the Hellenic Shipowners Association will bring in about...

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OECD Warns Of 'Double-Tax Chaos' For Firms

By Ed Conway, Economics Editor The OECD has raised the prospect of a global tax war, with companies caught having to pay double the levels of previous years, unless countries agree to a new international deal on corporate tax avoidance. In a landmark...

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Google And Microsoft In Mobile Device Struggle

Tech giants Google and Microsoft have seen significant share price slides, hours after they revealed worse-than-expected second quarter results. The market sell-off saw Microsoft lose more than 11% in Friday trades, while Google's share price, which...

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2012 Olympics Have Given UK A £10bn Boost

By Paul Kelso, Sports Correspondent The UK economy has received a massive trade and investment boost from the London Olympic and Paralympic Games, according to a new report. It says additional export sales have brought in £5.9bn, while £1.5bn has...

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Mothercare Mulls Sale Of Early Learning Centre

By Mark Kleinman, City Editor Mothercare is considering the sale of its loss-making Early Learning Centre (ELC) chain as it bids to meet a target of restoring its UK operations to profitability by 2015. Sky News has learnt that Mothercare has been...

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