Royal Mail Rides The Online Parcel Wave

The newly-privatised Royal Mail has revealed a rise in parcel delivery revenue of 8% in the nine months to December 29. The spike in like-for-like earnings comes as the shift to online purchases continues. The company said the figures were boosted...

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Microsoft Gets Xbox One And Surface Boost

Global software giant Microsoft has reported better-than-expected results for the fourth quarter - on the back of booming Xbox One game consoles and tablet sales. It made a profit of £3.94bn in the three months to the end of December, up nearly 3% on...

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Hornby Hits The Rails Over Supply Chain Woes

Profit for model train maker Hornby has been derailed after the company admitted problems with its supply chain. The Kent-based company released an interim management statement and also warned it has lost almost £1m in sterling reserves used to purchase...

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'Reshoring' Firm Hailed By PM Plots Float

By Mark Kleinman, City Editor, in Davos One of the companies hailed by David Cameron for bringing manufacturing jobs back to the UK is drawing up plans for a stock market listing valuing it at hundreds of millions of pounds. Sky News understands...

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More Rural Areas Could Get 5p Cut In Fuel Duty

Fuel duty in a further seven remote rural areas that have high prices at the pumps could be cut by up to 5p a litre. The Government has already asked the European Commission to consider including 10 areas in the Highlands, Argyll, Cumbria, Devon and...

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Nestlé Chair Warns Over UK Exit From Europe

By Mark Kleinman, City Editor, in Davos The consumer goods giant Nestle would be forced to re-evaluate the extent of its presence in the UK if Britain decided to leave the European Union, its chairman has told Sky News. In an interview during the...

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Samsung Sees First Profit Fall For Two Years

Samsung, the world's biggest maker of smartphones, has reported its first quarterly fall in profit for two years. The South Korean firm said the drop was due to a one-off employee bonus, a stronger currency and slowing sales of high-tech phones. Operating...

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Screwfix.com Screw-Up Gives Mega Bargains

Canny online shoppers have found bargains galore on a DIY retail website, after a computer glitch slashed the price tag of expensive items. Screwfix.com suffered the internet screw-up, which saw a swarm of customers buy a variety of valuable hardware...

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Non-EU Banks Slip Through Bonus Cap Loophole

By Mark Kleinman, City Editor in Davos Major global banks such as Morgan Stanley and Nomura are benefiting from a loophole in new European pay rules that could leave British rivals at a big disadvantage. Sky News understands that banks based outside...

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AT&T Courts Europe Over £60bn Vodafone Bid

By Mark Kleinman, City Editor, in Davos US telecoms giant AT&T is courting European regulators as it accelerates work on a possible £60bn takeover bid for Vodafone. Sky News has learnt that Randall Stephenson, AT&T's chairman and chief...

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