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Business

Business

Britishvolt on the brink as £100m of government funding yet to materialise, Sky News understands

The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of...

by admin October 31, 2022
Britishvolt on the brink as £100m of government funding yet to materialise, Sky News understands
Business

Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal

Wheat and other wholesale food costs have risen sharply after Russia withdraws from an export deal designed to ensure crucial supplies flow from war-torn...

by admin October 31, 2022
Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal
Business

Growing consumer caution evident as mortgage approvals and demand for borrowing ease

Lending to British consumers rose last month by less than expected and the number of mortgages approved by lenders eased back, according to Bank...

by admin October 31, 2022
Growing consumer caution evident as mortgage approvals and demand for borrowing ease
Business

Cost of living: Eurozone inflation rises far more than expected to hit record 10.7%

The annual rate of inflation in the euro zone has hit a record high of 10.7%, again exceeding levels predicted by economists and market...

by admin October 31, 2022
Cost of living: Eurozone inflation rises far more than expected to hit record 10.7%
Business

Elon Musk denies report he is laying off Twitter workers early to avoid severance payouts

Twitter’s new owner Elon Musk has denied a report he plans to lay off employees before the start of next month to avoid having...

by admin October 31, 2022
Elon Musk denies report he is laying off Twitter workers early to avoid severance payouts
Business

New National Lottery operator Allwyn in £100m talks to buy Camelot UK

The next operator of the National Lottery is in talks to buy the incumbent, Camelot, in a £100m deal that would pave the way...

by admin October 29, 2022
New National Lottery operator Allwyn in £100m talks to buy Camelot UK
Business

Octopus Energy seals bid to take over 1.5 million Bulb customers

Octopus Energy has sealed its deal to buy Bulb, a collapsed energy rival that has been funded by billions of pounds in government support...

by admin October 29, 2022
Octopus Energy seals bid to take over 1.5 million Bulb customers
Business

Largest US automaker temporarily halts paid advertising on Twitter after Elon Musk’s takeover

The largest automaker in the US has pulled paid advertising on Twitter after Elon Musk completed his takeover of the social media company. Musk’s...

by admin October 29, 2022
Largest US automaker temporarily halts paid advertising on Twitter after Elon Musk's takeover
Business

Veteran City banker lined up to chair GKN Automotive spin-off

A veteran investment banker is being lined up to chair one of Britain’s biggest car parts manufacturers as it prepares for a newly independent...

by admin October 28, 2022
Veteran City banker lined up to chair GKN Automotive spin-off
Business

The future of energy may lie with hydrogen, but the journey to get there won’t be easy

At first glance, there is nothing altogether unusual about the train. Sitting on the platform at Spandau station in the suburbs of Berlin, it...

by admin October 28, 2022
The future of energy may lie with hydrogen, but the journey to get there won't be easy
Business

NatWest boss defends amount of tax banks pay

The head of NatWest, which is state-controlled, has defended the amount of tax that big banks pay. Alison Rose, the chief executive, said banks...

by admin October 28, 2022
NatWest boss defends amount of tax banks pay
Business

Amazon value down as slowest growth expected over Christmas period

Shares in Amazon fell as the company expected slower Christmas sales and increased expenses. Shares fell nearly 20% as inflation and interest rate costs...

by admin October 28, 2022
Amazon value down as slowest growth expected over Christmas period
Business

Elon Musk completes $44bn Twitter takeover, according to US media reports

Elon Musk has completed his $44bn takeover of Twitter after months of toing and froing over the deal, according to US media reports. His...

by admin October 28, 2022
Elon Musk completes bn Twitter takeover, according to US media reports
Business

Super app or Wild West? The future of Twitter under Elon Musk

Elon Musk is finally buying Twitter, promising – or to some, threatening – sweeping changes for one of the world’s biggest social media platforms....

by admin October 28, 2022
Super app or Wild West? The future of Twitter under Elon Musk
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
Cost of living: Eurozone inflation rises far more than expected to hit record 10.7%
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
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