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Business

Ovo Energy plots takeover of Shell arm in bid to reclaim number two spot

Ovo Energy is plotting a takeover of Shell’s UK domestic gas and electricity business in a move that would see it reclaim the number...

by admin March 29, 2023
Ovo Energy plots takeover of Shell arm in bid to reclaim number two spot
Business

Hunt sparks review of foreign investment to counter US green tax plan

The chancellor will this week unveil a review of Britain’s foreign direct investment (FDI) framework as the government scrambles to counter the impact of...

by admin March 29, 2023
Hunt sparks review of foreign investment to counter US green tax plan
Business

High street giant Next exceeds increased profit expectations but prepares for ‘difficult year’

High street retailer Next has outpaced its own increased profit guidance by £10m. Financial results for the year ending in January showed profit before...

by admin March 29, 2023
High street giant Next exceeds increased profit expectations but prepares for 'difficult year'
Business

Andrew Bailey says Bank of England in period of ‘heightened tension’ after runs on Silicon Valley Bank and Credit Suisse

The Bank of England governor has told MPs the regulator is currently in a period of “very heightened tension and alertness”. However, speaking to...

by admin March 28, 2023
Andrew Bailey says Bank of England in period of 'heightened tension' after runs on Silicon Valley Bank and Credit Suisse
Business

FTX’s Sam Bankman-Fried charged with bribing Chinese officials

Disgraced FTX founder Sam Bankman-Fried has been charged with bribing Chinese officials with payments of $40m (£32.4m). Prosecutors have accused him of directing the...

by admin March 28, 2023
FTX's Sam Bankman-Fried charged with bribing Chinese officials
Business

Banking turmoil: How worried should we be in Britain?

How worried should we be about the banks? It’s a question that’s been hanging over the financial system since the collapse in the space...

by admin March 28, 2023
Banking turmoil: How worried should we be in Britain?
Business

William Hill fined £19.2m by UK gambling regulator for ‘widespread’ failures

British gambling company William Hill has been hit by a record £19.2m fine by the UK gambling regulator. Three gambling businesses owned by the...

by admin March 28, 2023
William Hill fined £19.2m by UK gambling regulator for 'widespread' failures
Business

Grocery inflation hits new record high – and the worst is yet to come

UK grocery inflation has hit a new record high – with customers now paying hundreds more a year – but there are warnings the...

by admin March 28, 2023
Grocery inflation hits new record high - and the worst is yet to come
Business

Sugar cost rises driving food prices to record highs

The increasing cost of sugar is driving food prices to record highs, new figures have revealed, amid warnings shop inflation is yet to peak....

by admin March 28, 2023
Sugar cost rises driving food prices to record highs
Business

Next in advanced talks to snap up vintage brand Cath Kidston

Next is in advanced talks to buy Cath Kidston in its latest swoop on a prominent but troubled retail brand. Sky News has learnt...

by admin March 27, 2023
High street giant Next exceeds increased profit expectations but prepares for 'difficult year'
Business

Heathrow strike forces BA to cancel flights from Terminal 5 over Easter period

British Airways has been forced to cancel flights at Heathrow’s Terminal 5 over the Easter period due to strike action by security workers. The...

by admin March 27, 2023
Heathrow strike forces BA to cancel flights from Terminal 5 over Easter period
Business

Nearly 100,000 prepayment energy meters forcibly installed last year

More than 94,000 prepayment meters were installed in homes in Britain throughout 2022, government figures show. The meters were installed by energy providers such...

by admin March 27, 2023
Nearly 100,000 prepayment energy meters forcibly installed last year
Business

Silicon Valley Bank acquired by First Citizen Bank

A buyer has been found for the collapsed Silicon Valley Bank, the bank whose downfall heralded the financial unrest still being felt across the...

by admin March 27, 2023
Silicon Valley Bank acquired by First Citizen Bank
Business

Barclays-backed Bink secures lifeline with £9m funding round

A loyalty app which counts Barclays and Lloyds Banking Group among its shareholders has secured a £9m funding lifeline. Sky News understands that existing...

by admin March 26, 2023
Barclays-backed Bink secures lifeline with £9m funding round
Business

Manchester United receive overnight Qatari bid from Sheikh Jassim as battle for ownership of Premier League club intensifies

Manchester United received a fresh Qatari bid overnight – as the battle to purchase the Premier League giants intensifies. Sheikh Jassim bin Hamad Al...

by admin March 25, 2023
Manchester United receive overnight Qatari bid from Sheikh Jassim as battle for ownership of Premier League club intensifies
Business

Elliott premieres blockbuster bid for parts of ailing Cineworld

The renowned activist investor Elliott Management is plotting a takeover of large chunks of Cineworld, the stricken London-listed cinema operator. Sky News has learnt...

by admin March 25, 2023
Elliott premieres blockbuster bid for parts of ailing Cineworld
Business

Deutsche Bank heads new rout for banking stocks on financial markets

Germany’s largest bank has become the focus in a new wave of selling across banking and wider financial stocks, less than a week after...

by admin March 24, 2023
Deutsche Bank heads new rout for banking stocks on financial markets
Business

Millions of mobile phone and internet users could be paying 17.3% more on their bills this time next week

Millions of mobile phone and internet users are facing a price increase of 17.3% on their bills in just a week’s time. Every April,...

by admin March 24, 2023
Millions of mobile phone and internet users could be paying 17.3% more on their bills this time next week
Business

Bank of England raises interest rate by quarter point after surprise leap in inflation

The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest...

by admin March 23, 2023
Bank of England raises interest rate by quarter point after surprise leap in inflation
Business

More than a million universal credit payments cut over the past year because of historical overpaid tax credits

The government is cutting benefit payments to some of Britain’s poorest families or threatening them with debt collectors in a raid that is “plunging...

by admin March 23, 2023
More than a million universal credit payments cut over the past year because of historical overpaid tax credits
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