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Business

Business

‘A costly mistake’: JD Sports forced to sell Footasylum chain after long battle with competition watchdog

The UK’s largest sportswear retailer JD Sports Fashion is to sell its Footasylum chain following a long battle with the country’s competition watchdog. The...

by admin August 1, 2022
Business

FCA reveals new rules for the marketing of high-risk investments

The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments. Under the new rules, firms approving and issuing marketing must...

by admin August 1, 2022
Business

Marex clinches $220m deal to buy ED&F Man Capital Markets

A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of a major industry peer....

by admin July 31, 2022
Business

Octopus Energy seeks £1bn taxpayer support to seal deal for stricken Bulb

Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival. Sky News has...

by admin July 30, 2022
Business

Bankers need to be on their mettle to help households and businesses through what’s ahead

With so much fog surrounding the prospects for the UK economy, results statements from the country’s main commercial banks this week were an ideal...

by admin July 29, 2022
Business

Britons are borrowing more and saving less as cost-of-living crisis starts to hurt

Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank of England. At the...

by admin July 29, 2022
Business

Competition watchdog looking into ‘sustainability’ claims made by Asos, Boohoo and Asda

The UK’s competition watchdog is investigating Asos, Boohoo and George at Asda over claims about the sustainability of their products. The Competition and Markets...

by admin July 29, 2022
Business

BA owner returns to profitability but blames Heathrow for ‘operational challenges’

British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow for its current “operational...

by admin July 29, 2022
Business

40% of households ‘could go into fuel poverty’ through soaring energy prices this winter

Up to 40% of households could be drawn into fuel poverty by soaring energy prices this winter, the boss of one of the UK’s...

by admin July 28, 2022
Business

Energy giants Shell and Centrica enjoy soaring profits as prices rise

Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year’s figure of $5.5bn (£4.5bn). The oil giant...

by admin July 28, 2022
Business

Facebook owner Meta reports first ever revenue drop

Facebook owner Meta has reported its first ever revenue drop amid lower advertising sales and growing competition from TikTok. The social media giant reported...

by admin July 27, 2022
Business

Shop price inflation rises to 4.4% in July – the highest rate since 2005

Shop price inflation rose to 4.4% in July, up from 3.1% in June, according to new figures. The rise is the highest since the...

by admin July 26, 2022
Business

IMF demands interest rate rises as UK set for weakest growth among G7 economies next year

The world’s lender of last resort has appealed for central banks to raise interest rates and for governments to take a responsible stance with...

by admin July 26, 2022
Business

Heathrow and easyJet reveal huge financial hits after flight chaos

Heathrow Airport and easyJet, two of the air industry players affected by this year’s flight chaos, have revealed large financial hits while outlining how...

by admin July 26, 2022
Business

Ryanair warns of rising fuel costs – while reporting profit in first quarter

Ryanair has warned that rising fuel prices will increase costs despite reporting a first-quarter profit. The airline industry has been impacted by significant disruption...

by admin July 25, 2022
Business

Barclays snaps up stake in $2bn cryptocurrency firm Copper

Barclays is taking a stake in Copper, one of the most prominent names in the fast-evolving cryptocurrency sector, even as the industry continues to...

by admin July 24, 2022
Business

Insolvency Service puts Greensill bosses on notice over probe

The Insolvency Service has written to Lex Greensill and other former directors of the supply chain finance group which bore his name as it...

by admin July 23, 2022
Business

The next rail strike: What you need to know as industrial action continues

More than 40,000 rail workers will strike next week after talks failed to resolve a dispute over pay, jobs, and conditions. Members of two...

by admin July 23, 2022
Business

EY’s UK arm drafts in Rothschild as $80bn break-up looms

The British arm of EY, the accountancy firm, has drafted in one of the City’s top investment banks to advise on an impending $80bn...

by admin July 22, 2022
Business

Quiet airport desperate for more business offers to host flights being cancelled

London Southend Airport has contacted airlines offering to host flights being cancelled by busier airports. It comes after weeks of disruption across the aviation...

by admin July 22, 2022
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Recent Articles
  • Post Office hero Bates lands seven-figure Horizon payoutPost Office hero Bates lands seven-figure Horizon payout
  • Money Problem: 'My dad died and we didn't cancel BT Sport for three years - now they won't give our money back'Money Problem: ‘My dad died and we didn’t cancel BT Sport for three years – now they won’t give our money back’
  • Former US vice president Dick Cheney diesFormer US vice president Dick Cheney dies
  • Chancellor Rachel Reeves refuses to rule out manifesto-breaking tax hikesChancellor Rachel Reeves refuses to rule out manifesto-breaking tax hikes
  • UK must increase North Sea drilling to boost economy, says US ambassadorUK must increase North Sea drilling to boost economy, says US ambassador
  • Nigel Farage pivots on economy - will his original supporters be in favour?Nigel Farage pivots on economy – will his original supporters be in favour?
  • Buyout firm Epiris plots £230m swoop on Next 15 divisionsBuyout firm Epiris plots £230m swoop on Next 15 divisions
  • Revealed: How much the government's spending on AIRevealed: How much the government’s spending on AI
  • Zohran Mamdani: 'Trump's worst nightmare' could be about to show how to take the fight to the presidentZohran Mamdani: ‘Trump’s worst nightmare’ could be about to show how to take the fight to the president
  • Is this the week everything changes for the Democrats?Is this the week everything changes for the Democrats?
World News
  • Meet the underground squad with the lives of countless civilians in their handsMeet the underground squad with the lives of countless civilians in their hands
  • Thousands targeted in 'killing fields' around Sudanese city in paramilitary group's handsThousands targeted in ‘killing fields’ around Sudanese city in paramilitary group’s hands
  • Israeli military's former top lawyer arrested over leaked video - as bodies of 45 Palestinians handed overIsraeli military’s former top lawyer arrested over leaked video – as bodies of 45 Palestinians handed over
  • Only survivor of Air India Flight 171 crash tells Sky News the trauma 'broke' himOnly survivor of Air India Flight 171 crash tells Sky News the trauma ‘broke’ him
  • At least 20 dead and 150 injured after magnitude 6.3 earthquake in north AfghanistanAt least 20 dead and 150 injured after magnitude 6.3 earthquake in north Afghanistan
  • Hurricane Melissa leaves 28 dead after tearing through JamaicaHurricane Melissa leaves 28 dead after tearing through Jamaica
  • Ukrainian troops 'start surrendering' in key city but Kyiv says situation 'dynamic'Ukrainian troops ‘start surrendering’ in key city but Kyiv says situation ‘dynamic’
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