Jobless 'To Be Forced To Work' For Benefits

Work and Pensions Secretary Iain Duncan Smith will announce tough new conditions on the payment of unemployment benefits at the Conservative Party conference next week, according to reports. The Daily Mail reported that the long-term unemployed will...

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Royal Mail Sale To Be Completed Before Strike

The Government has confirmed a timetable for the Royal Mail privatisation to be completed ahead of any possible strike action by postal workers. Shares are expected to be priced at between 260p and 330p, ministers said, giving a market valuation in...

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Candy Crush: 'Shares Bid Values Firm At $5bn'

The British creator of the hit Candy Crush Saga game has reportedly used US rules to secretly file for a stock market flotation, valuing the firm at $5bn (£3.1bn). King - which is based in London's Tottenham Court Road - is currently the largest developer...

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Tesco Sorry Over 'Gay Best Friend' Doll

Tesco has withdrawn an inflatable figure labelled "gay best friend" and apologised for selling it. It comes a day after the retailer was forced to remove a Halloween costume called "Psycho Ward" from its shelves after it sparked widespread criticism....

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House Prices: Bank Given New Help To Buy Role

By Ed Conway, Economics Editor The Bank of England is to be given effective control over the loan-to-value ratios of mortgages eligible for the Government's new Help to Buy scheme, it has emerged. As of next September, the Bank's Financial Policy...

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Church Consortium Wins RBS Branch Sale Race

Royal Bank of Scotland is to sell 314 branches to a consortium backed by the Church of England in a deal forced on the bank because of its taxpayer bailout. It will see Williams & Glyn's, a bank brand that has been dormant for nearly 30 years, soon...

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BlackBerry's Near $1bn Loss As Phones Flop

Struggling smartphone maker BlackBerry has confirmed a loss of $965m (£599m) for the second quarter - much of it down to the the failure of its latest handsets. The figure includes a writedown of $934m for unsold phones such as the Z10, one of...

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Google Overhauls Search Engine Formula

Google Inc has overhauled its search formula that runs the internet's dominant search engine, to better cope with longer, more complex queries from web users. The company secretly launched its latest "Hummingbird" algorithm about a month ago in a bid...

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Marriage Tax Breaks For Four Million Couples

David Cameron says four million couples will benefit from the Government's new £1,000 marriage tax allowance. Ahead of the start of the Conservative Party conference, the Prime Minister said the scheme - starting in April 2015 - will be worth up to...

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Ex-Barclays Chief In Frame For Lloyds Role

By Mark Kleinman, City Editor One of the architects of the legislation that will force Britain's banks to ring-fence their high street lending operations is being considered as a surprise candidate to chair Lloyds Banking Group. Sky News can reveal...

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