BUSINESS

Shares in British banks were down on the FTSE 100 in morning trading as investors fretted over weak economic data from the U.S.

With the debate about the growing threat cyber attacks pose the world, the U.K.'s Ministry of Defence has begun a new campaign teaching its personnel about what it considers acceptable behaviour on social networking sites.

Shares in Kingfisher were down on the FTSE 100 in morning trading after the group predicted a "tough" year, despite reporting a rise in retail profit and sales in the first quarter ended 30 April.

After close to two months down as a result of Sony's recent PSN crisis, the PlayStation Store has today gone active.

With E3 set to launch in Los Angeles in just a few short days, fans and developers alike have begun speculating about what each of the big-three games companies are going to bring to this year's conference.

Since Armed Forces Minister Nick Harvey yesterday revealed the U.K. Government's sponsored development of cyber weapons, a report from the Washington post has revealed that the U.S.A. also has a similar sponsorship programme currently under way.

Shares in Johnson Matthey were down on the FTSE 100 in afternoon trading ahead of the chemical company's full year results, expected tomorrow.

Shares in Kingfisher were down on the FTSE 100 in afternoon trading ahead of the retailer's first quarter update, expected tomorrow.

Two top security firms have reportedly been targeted by as yet unidentified hackers seeking information regarding SecurID authentication products and key government contracts.

Shares in Wolseley were down on the FTSE 100 in morning trading after the plumbing product distributor reported a rise in revenue and trading profit in the third quarter ended 30 April 2011.

In the wake of Sony's recent PSN disaster and the U.K. Government's increasing emphasis on the topic, Microsoft took the opportunity to add its two-cents on the question of cyber attacks at this year's Global Cybersecurity Summit.

Shares in British banks were up on the FTSE 100 in morning trading as talks on a second Greek bailout look set to be concluded tomorrow.

Shares in Northumbrian Water were down on the FTSE 250 in morning trading after the water company reported a rise in revenue and pre-tax profit in the full year ended 31 March 2011.

A 58-year-old grandmother has been sentenced to three year's probation after pleading guilty to illegally downloading and sharing an estimated £54,000 worth of music

After taking the matter up with Californian authorities, the U.K.'s Tyneside Council has successfully forced Twitter to hand over details regarding certain account holders.

Apple representatives have recently confirmed the company's plans to reveal its new iCloud music streaming service, iOS 5 smartphone operating system and OS 10.7 Lion computer operating system at next month's Worldwide Developers Conference.

After Twitter recently announced its willingness to hand over user information, the ongoing injunction and super-injunction debate has seen another dramatic turn, as yet another Twitter user has published information regarding 14 privacy injunctions.

A generation of Britons believe they will never own their own property, a new survey has shown

After a disastrous performance last week, internet call service provider Skype has this week found itself once again on the wrong end of user sentiment as a new "crapware" update leaves its user's fuming.

With Sony having just revealed the development of its PlayStation 4 and Nintendo set to unveil its new "Project Café" console at E3, retail giant Target's recent $100 price cut on the Xbox 360 has led to fresh speculation about the possibility of a new console from Microsoft.

British economic growth is likely to be less impressive than previously thought, according to the British Chambers of Commerce, who today published their revised growth projections for this year and the next.

For the second week in a row Rockstar's gritty detective title L.A. Noire has taken the U.K. top spot.

Shares in British banks were up on the FTSE 100 in morning trading as a deal on a second Greek bailout appeared to edge closer today.

In an interview with the Guardian, Armed Forces Minister Nick Harvey has revealed the existence of a government funded cyber-weapon development project.

Shares in Serco were up on the FTSE 100 in morning trading after the service company said it had agreed to acquire Indian outsourcing firm Intelenet for up to £385 million.

The reactivation of Sony's PlayStation Store in Europe and America has again been delayed.

After yesterdays widespread Skype outage, the company has finally released a statement assuring users that the service has been fixed.

With media restrictions lifted, it has come light that Lord Alan Sugar was ordered to remove a Tweet from his Twitter page in January this year, leading to speculation about possible future Twitter censorship laws.

In a conference call to investors Sony's executive vice president and chief financial officer Masaru Kato has hinted that the PlayStation 4 is currently in development.