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Business

Business

Poorest households face ‘catastrophe’ as number of affordable rental homes for those on housing benefit drops by a third in five months

The gap between housing benefit and the actual cost of private rent has risen by 40% in just five months, Sky News has learned....

by admin October 27, 2022
Poorest households face 'catastrophe' as number of affordable rental homes for those on housing benefit drops by a third in five months
Business

Premier League lines up £30m-a-year digital tokens deal with Sorare

English football’s top flight is lining up a £30m-a-year deal to sell digital tokens to fans after talks with a rival provider collapsed. Sky...

by admin October 27, 2022
Premier League lines up £30m-a-year digital tokens deal with Sorare
Business

EU interest rates at decade high, fuelling European recession fears

Europe has edged closer to recession as the European Central Bank (ECB) raised interest rates by 0.75%, making borrowing and repaying debt more expensive....

by admin October 27, 2022
EU interest rates at decade high, fuelling European recession fears
Business

Shares in Facebook parent company crash as investors flee

Shares in Meta plunged as the market opened in the US following a drop in quarterly profits, sliding nearly 23%. The fall compounded the...

by admin October 27, 2022
Shares in Facebook parent company crash as investors flee
Business

US economy bounces back from recession territory even as storm continues to brew

Gross domestic product in the US bounced back in the third quarter, reversing a trend over the first six months that suggested the country...

by admin October 27, 2022
US economy bounces back from recession territory even as storm continues to brew
Business

Energy company Shell reports profits of $9.5bn for Q3 of 2022 but not at record levels seen in first half of year

Shell has reported operating profits of $9.5bn (£8.19bn) for the third quarter of this year, lower than that of the three months before but...

by admin October 27, 2022
Energy company Shell reports profits of .5bn for Q3 of 2022 but not at record levels seen in first half of year
Business

Facebook parent Meta reports fall in quarterly revenue – but still beats expectations

Facebook parent Meta has beaten estimates for its quarterly revenue, helped by its continued dominance of the online advertising market. Revenue in the third...

by admin October 26, 2022
Shares in Facebook parent company crash as investors flee
Business

Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion

Elon Musk has been seen entering Twitter HQ – carrying what appears to be a sink. Mr Musk tweeted a video showing himself walking...

by admin October 26, 2022
Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion
Business

Jeremy Hunt delays Halloween economic statement

Jeremy Hunt has delayed the announcement of the government’s economic plan from Halloween to 17 November, saying it will help ministers make “difficult decisions…...

by admin October 26, 2022
Jeremy Hunt delays Halloween economic statement
Business

Ford to end production of Fiesta cars as it increases range of electric vehicles

Ford has announced the end of one of the most popular cars ever sold in the UK – the Fiesta. By the end of...

by admin October 26, 2022
Ford to end production of Fiesta cars as it increases range of electric vehicles
Business

Bank of America boss commits to UK, despite recent political and economic turmoil

The chairman and chief executive of one of the world’s biggest banks says he is “committed to the UK”, despite recent political and economic...

by admin October 26, 2022
Bank of America boss commits to UK, despite recent political and economic turmoil
Business

Why is Rishi Sunak casting such a sombre mood? It’s more about politics than economics

Rishi Sunak says we are facing a “profound economic crisis”. Big words, not to mention depressing. But do they really stack up? Is the...

by admin October 25, 2022
Why is Rishi Sunak casting such a sombre mood? It's more about politics than economics
Business

Pound hits a six-week high as Sunak becomes prime minister

The pound hit a six-week high as Rishi Sunak became prime minister today, another sign of the markets welcoming the country’s new leader. Sterling...

by admin October 25, 2022
Pound hits a six-week high as Sunak becomes prime minister
Business

Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds

The price of low-cost everyday grocery items has increased 17% in the 12 months to September, data from the Office of National Statistics (ONS)...

by admin October 25, 2022
Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds
Business

WhatsApp down: Thousands of people report being unable to use messaging app

WhatsApp went down for users across the UK this morning, with tens of thousands of people reporting being unable to send or receive messages....

by admin October 25, 2022
WhatsApp down: Thousands of people report being unable to use messaging app
Business

UK service sector records fastest decline in activity since January 2021

The downturn in the economy has worsened this month as the service sector recorded the fastest decline in activity since January 2021, according to...

by admin October 24, 2022
UK service sector records fastest decline in activity since January 2021
Business

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today. Members...

by admin October 24, 2022
Rail strikes: 'Significantly reduced timetable' as train workers stage 24-hour walk-out
Business

Don’t expect Britain’s first hedge fund premiership to be smooth or enjoyable | Ed Conway

Rishi Sunak is not just our first British Asian prime minister, our first Hindu PM. He is not just the youngest prime minister of...

by admin October 24, 2022
Don't expect Britain's first hedge fund premiership to be smooth or enjoyable | Ed Conway
Business

Financial markets welcome news Rishi Sunak will be next PM

The financial markets appear to have welcomed news that Rishi Sunak will be the UK’s next prime minister. The pound was up 0.15% against...

by admin October 24, 2022
Financial markets welcome news Rishi Sunak will be next PM
Business

Interest rate rise could be lower than expected as markets rally after Boris Johnson exits Tory leadership race

The financial markets have enjoyed a rebound as Boris Johnson dropped out of the leadership race, leaving Rishi Sunak as the favourite to become...

by admin October 24, 2022
Interest rate rise could be lower than expected as markets rally after Boris Johnson exits Tory leadership race
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Recent Articles
  • 'Make or break': Chancellor warned businesses can't take more tax hikes in budget‘Make or break’: Chancellor warned businesses can’t take more tax hikes in budget
  • 'Peace in the Middle East,' declares Trump after leaders fly in to witness deal signing‘Peace in the Middle East,’ declares Trump after leaders fly in to witness deal signing
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
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  • Got a pair of these? There's more to them than meets the eye - and it may mean global trade warGot a pair of these? There’s more to them than meets the eye – and it may mean global trade war
  • Polanco keeps rolling as M's take two in TorontoPolanco keeps rolling as M’s take two in Toronto
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World News
  • 'Peace in the Middle East,' declares Trump after leaders fly in to witness deal signing‘Peace in the Middle East,’ declares Trump after leaders fly in to witness deal signing
  • Trump achieves something remarkable, but will his 'goldfish' attention span stay the course?Trump achieves something remarkable, but will his ‘goldfish’ attention span stay the course?
  • Trump warned his plan for future of Gaza 'doesn't make sense'Trump warned his plan for future of Gaza ‘doesn’t make sense’
  • West Bank prisoner releases expose deeper woundsWest Bank prisoner releases expose deeper wounds
  • Trump's plan has delivered a spectacular day - but has postponed harder decisions which now loom into viewTrump’s plan has delivered a spectacular day – but has postponed harder decisions which now loom into view
  • Chants of frustration turn into songs of celebration in Tel Aviv as crowds greet hostagesChants of frustration turn into songs of celebration in Tel Aviv as crowds greet hostages
  • Drones capture staggering images of Gaza devastation - as people find nothing leftDrones capture staggering images of Gaza devastation – as people find nothing left
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