BUSINESS

Shares in Cairn Energy were down on the FTSE 100 in morning trading after the group yesterday announced the appointment of a new CEO.

Destroying any chance that it could be seen as a hacktivist group, the hacker collective LulzSec yesterday released the emails and passwords of up to 62,000 random people.

Today games company Bioware revealed that it had fallen victim to a successful cyber attack against its Neverwinter Nights forums, bringing the total number of games companies hacked to seven.

A recent report has indicated that the current development kits being used to develop games for the Wii U are actually underpowered, meaning that the actual games when released will boast significantly better graphics.

Since claiming responsibility for a successful cyber attack on the U.S. CIA's website the hacker collective LulzSec has since tweeted that not all comments made on its Twitter page are official statements for the group, leading to speculation about the authenticity of its most recent claim.

There is a growing fear in Paris that France is on the verge of a credit downgrade because of its exposure to Greek debt

While members of the hacking collective Anonymous find themselves the target of an ongoing campaign against them, LulzSec continues its hacking escapades un-phased, claiming responsibility for cyber attacks against both the U.S. Senate and CIA.

Shares in Mulberry were up on the FTSE AIM in morning trading after the luxury fashion company more than quadrupled its profits in the full year ended 31 March.

Shares in British banks were broadly down on the FTSE 100 in morning trading as concerns about global debt appeared to weigh investor confidence.

As the hacker collective LulzSec continues its cyber-rampage across the world, adding to the growing list of games companies hacked, RPG giant Bioware has today released a statement confirming a recent cyber attack on its website.

Shares in Ashtead Group were down on the FTSE 250 in morning trading after the equipment rental company reported a rise in revenue and pre-tax profits in the full year ended 30 April.

Over 750,000 civil servants are set for strike action in support of the teacher's strike which will cause disruption to a million school children. The strike planned by teachers which now has the full support of civil servants is planned for Thursday June 30, with the dispute over public sector pensions.

Since claiming that only one per cent of its 21 million customers were affected by the recently revealed cyber attack its suffered, Citibank has since revealed that as many as 360,000 of its customers accounts may have been compromised.

After claiming a successful cyber attack against the U.S. Senate's public website, the hacker collective LulzSec has claimed responsibility for a new attack against the CIA.'s website.

Dramatic rise in UK applicants to US universities

Up to 32 members of the hacking collective anonymous are currently either being detained by European law enforcement agencies or set to stand trial, some of whom are minors.

Following a ceasefire agreement, the last American ground troops left Vietnam in 1973 and in 1975, Saigon (officially now named Ho Chi Minh City) fell to the North Vietnamese Army.

Greece has been pushed ever closer to the harsh reality of default after Wednesday's general strike all but shut the country down. The strikes have closed schools, central and local government offices around the country, while hospitals were operating on skeleton staff. Port and public transport services were disrupted, while a walkout by journalists forced most morning news programming off the air.

With E3 out of the way and the sun beginning to set on the current generation of home entertainment consoles, recently released sales figures have revealed that Microsoft's Xbox 360 is currently beating Sony's PS3 in overall sales.

Shares in Aviva were down on the FTSE 100 in morning trading after the insurance group announced the appointment of a new Chairman.

An unnamed developer from Crysis 2 developer Crytek has revealed that Microsoft's next generation Xbox is in development and set to be shown at 2012's E3 conference.

Following LulzSec's ongoing campaign against the games industry, a study by the NDP Group has revealed that game sales in the U.S. have hit their lowest point in five years, but interestingly the recent slew of cyber attacks has not been listed as a key reason for the sales lull.

Shares in British banks were down on the FTSE 100 in morning trading as Greece continued to act as a drag on investor confidence.

With the games industry still licking its wounds after Sony's PlayStation Network nightmare and hacker collective LulzSec hot on it heals, a study by the NDP Group has reported that physical game sales in the U.S. have hit their lowest point in five years.

Shares in J Sainsbury were up on the FTSE 100 after the supermarket chain reported a rise in sales in the first quarter ended 11 June.

George Osbourne is proposing the biggest bank shake up since the 1930's with controversial plans to ring fence retail arms of banks. He is set to face 'formidable opposition' from the banks in what could be one of the most challenging reforms of the banking sector. The Chancellor wants banks to ring fence their retail banking arms to protect the public if their trading and investment arms were to hit serious trouble.

Joanna Fralli and Jamie Sewart, the juror and defendant held responsible for the collapse of a multi-million-pound drug trial, have today been found guilty of contempt of court.

With news of 35 alleged Anonymous members currently being detained by the authorities, many analysts have come to question just how long it will be until LulzSec finds itself in law enforcement agencies firing lines following its high-profile cyber attack on the U.S. Senate.

Members from both the National Union of Teachers and the Association of Teachers and Lecturers have voted overwhelmingly to take strike action in a row with the government over pensions. Union leaders said they were outraged by Government demands for a 3.4 per cent increase in pension contributions by 2014.