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Business

Elon Musk says Twitter ‘not on the fast lane to bankruptcy anymore’

Elon Musk says Twitter is “not on the fast lane to bankruptcy anymore”, but admits there is “still much work to do”. Since he...

by admin December 25, 2022
Elon Musk says Twitter 'not on the fast lane to bankruptcy anymore'
Business

Swiss asset manager GAM hires bankers to explore sale

The prominent investment management firm GAM Holding is intensifying discussions over a potential sale months after it was forced to issue a profit warning....

by admin December 23, 2022
Swiss asset manager GAM hires bankers to explore sale
Business

Modular sofa-maker Snug looks for good fit with new owner

Snug, a British sofa manufacturer, is in talks about a sale four years after its launch. Sky News understands that Snug, which was founded...

by admin December 22, 2022
Modular sofa-maker Snug looks for good fit with new owner
Business

FTX collapse shows crypto is ‘too dangerous’ not to regulate, Bank of England deputy governor says

Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the...

by admin December 22, 2022
FTX collapse shows crypto is 'too dangerous' not to regulate, Bank of England deputy governor says
Business

Does the extradition of one crypto’s highest-profile players mean digital currencies are fundamentally unsound?

As a symbol of the year in crypto, the sight of Sam Bankman-Fried being hustled out of court in Nassau to a blacked-out SUV...

by admin December 22, 2022
Does the extradition of one crypto's highest-profile players mean digital currencies are fundamentally unsound?
Business

Regulated rail fares in England will increase by up to 5.9% from March

Millions of train passengers face a hike in fares of nearly 6% from March, the Department for Transport has said. The increase is being...

by admin December 22, 2022
Regulated rail fares in England will increase by up to 5.9% from March
Business

Cryptocurrency tycoon Sam Bankman-Fried extradited to US from The Bahamas

Sam Bankman-Fried has been extradited to the US from The Bahamas as he faces criminal charges relating to the collapse of cryptocurrency exchange FTX....

by admin December 22, 2022
Does the extradition of one crypto's highest-profile players mean digital currencies are fundamentally unsound?
Business

Businesses ‘banging their heads against a brick wall’ over improving trade with EU, BCC warns

A significant number of firms are still struggling to increase sales or grow their business under the UK-EU trade deal, the British Chambers of...

by admin December 22, 2022
Businesses 'banging their heads against a brick wall' over improving trade with EU, BCC warns
Business

Stricken council-backed solar farms giant to shine light on auction

An insolvent solar farms empire which received hundreds of millions of pounds in funding from a debt-laden English local authority is being put up...

by admin December 21, 2022
Stricken council-backed solar farms giant to shine light on auction
Business

Elon Musk says he will resign as Twitter CEO ‘as soon as I find someone foolish enough to take the job’

Elon Musk has said he will resign as CEO of Twitter “as soon as I find someone foolish enough to take the job”. The...

by admin December 21, 2022
Elon Musk says he will resign as Twitter CEO 'as soon as I find someone foolish enough to take the job'
Business

London-listed adtech group Tremor explores sale

The London-listed advertising technology company whose directors include Rebekah Brooks, the boss of The Sun newspaper’s publisher, has kicked off talks that could lead...

by admin December 20, 2022
London-listed adtech group Tremor explores sale
Business

City financier Truell to keep SPAC alive with £125m share buyback

A prominent City financier is trying to breathe new life into his listed acquisition vehicle by pledging to return a profit to shareholders while...

by admin December 20, 2022
City financier Truell to keep SPAC alive with £125m share buyback
Business

Shapps orders oligarch-backed firm to sell UK broadband provider on national security grounds

The business secretary has ordered an investment firm backed by sanctioned Russian oligarchs to sell regional broadband provider Upp, citing national security concerns. Grant...

by admin December 20, 2022
Shapps orders oligarch-backed firm to sell UK broadband provider on national security grounds
Business

How doing your Christmas shopping with your phone could shave money off your mortgage

Every week when Linda Glass pays for her weekly shop, she is also overpaying on her mortgage – and is on track to save...

by admin December 20, 2022
How doing your Christmas shopping with your phone could shave money off your mortgage
Business

British Airways apologises after flights leaving US delayed due to ‘technical issue’

British Airways has apologised to customers after suffering “a technical issue with our third-party flight planning supplier” which has delayed flights departing the US....

by admin December 20, 2022
British Airways apologises after flights leaving US delayed due to 'technical issue'
Business

Xpediator founder bids to take logistics company private

The founder of Xpediator, a London-listed logistics company, is hatching a plan to take it private. Sky News understands that Stephen Blyth, who stepped...

by admin December 19, 2022
Xpediator founder bids to take logistics company private
Business

Rail strikes ‘key’ reason for slump in high street visits ahead of Christmas

Visits to highs streets slumped last week, according to industry data showing a “key” impact from rail strikes amid wider evidence of a hit...

by admin December 19, 2022
Rail strikes 'key' reason for slump in high street visits ahead of Christmas
Business

UK power stations owner Uniper eyes ‘possible insolvency’ without £44bn state bailout

Uniper, the crisis-hit German gas trader that owns seven UK power stations, has warned shareholders it faces “possible insolvency” unless they back an additional...

by admin December 19, 2022
UK power stations owner Uniper eyes 'possible insolvency' without £44bn state bailout
Business

Building firms going bust at fastest rate since financial crisis

Construction businesses are going bust at their fastest rate in a decade, driving the number of company insolvencies to its highest level since the...

by admin December 18, 2022
Building firms going bust at fastest rate since financial crisis
Business

Sunak scraps Truss plan for state to buy energy from foreign producers

Rishi Sunak has abandoned his predecessor’s plan to intervene in global energy markets by spending billions of pounds on foreign gas imports. Sky News...

by admin December 17, 2022
Sunak scraps Truss plan for state to buy energy from foreign producers
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