Bank IT Failures Probe Launched By Watchdog

By Mark Kleinman, City Editor The City regulator will next week launch a probe into the resilience of high street banks' IT systems following a series of glitches which have threatened to further undermine the industry's image. Sky News can reveal...

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Missing Flight: BA Sorry For Indian Ocean Ad

British Airways has said sorry for an advert urging people to escape the commute and "discover the Indian Ocean" amid the missing plane mystery. The ill-timed advert was spotted on an escalator at a London underground station and posted on Twitter,...

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F1 Investors Drive Off With £200m Dividend

By Mark Kleinman, City Editor Shareholders in Formula One motor racing are in line for a £200m windfall just weeks before Bernie Ecclestone stands trial in a case which could spell the end of his reign at the sport's helm. Sky News has learnt that...

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'Brit Culture' Test For Video Game Tax Break

By Joe Tidy, Sky News Reporter UK games developers are to be granted large tax breaks for creating titles that pass a British "culture test". To become eligible for money back, games will be appraised on several criteria, such as having British...

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Microsoft Office: Word Tops iPad App Chart

Microsoft Word has jumped to the top of the Apple Store free app chart, after releasing an iPad version of its Office software. New chief executive Satya Nadella announced the move at his debut launch event. Within hours Word, Excel, Powerpoint were...

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Ed Miliband Proposes New Energy Price Controls

Ed Miliband has proposed new controls on energy prices to give small businesses "equal protection" with households from "unacceptable" treatment by energy companies. The Labour leader said annual energy bills for small businesses had risen by an average...

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BlackBerry Loses $423m In Three Months

Struggling smartphone maker BlackBerry has made a quarterly loss of $423m (£254m), after suffering a revenue drop of more than 60%. The company said its revenue for the last quarter of 2013 was $976m (£587m), down from $2.7bn (£1.6bn) in the previous...

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FCA Probes Millions Of 'Bad Deal' Investments

The City watchdog is to scrutinise millions of finance products sold to consumers over three decades, because of fears they are shackled by unfair terms and conditions. It is estimated around 30 million policies, including pensions, endowments, life...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. : Monday March 31 From Monday, energy suppliers are required to publish the price at which they will buy and sell on wholesale markets up to two years in advance...

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RBS Raids Swiss Giant For New Finance Chief

By Mark Kleinman, City Editor The taxpayer-backed Royal Bank of Scotland (RBS) is close to luring one of the architects of its £45.5bn taxpayer bail-out to become its new finance chief. Sky News can exclusively reveal that Ewen Stevenson, who works...

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