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Business

Business

Steel tycoon Gupta heads for court to restructure UK arm

The steel tycoon Sanjeev Gupta is to seek court approval for a restructuring of the bulk of its remaining operations in Britain. Sky News...

by admin November 11, 2024
Steel tycoon Gupta heads for court to restructure UK arm
Business

Direct Line to cut 550 jobs as motor insurance weighs

Direct Line has revealed a cost-cutting plan that is expected to lead to 550 job losses. The insurer, whose brands also include Churchill and...

by admin November 11, 2024
Direct Line to cut 550 jobs as motor insurance weighs
Business

‘Renegade’ UK could be spared from Donald Trump’s tariffs, US governor says

The UK could be spared the impact of Donald Trump’s proposed trade tariff increases on foreign imports, a US governor has told Sky News....

by admin November 9, 2024
'Renegade' UK could be spared from Donald Trump's tariffs, US governor says
Business

Interest rate cut – but budget means inflation will rise, Bank says

The Bank of England has forecast Rachel Reeves’s first budget as chancellor will increase inflation by up to half a percentage point over the...

by admin November 9, 2024
Interest rate cut - but budget means inflation will rise, Bank says
Business

Hospitality chiefs warn Reeves of carnage over Budget tax hikes

Rachel Reeves will this weekend be told by some of Britain’s biggest hospitality groups that the tax hikes imposed in last month’s Budget risk...

by admin November 9, 2024
Hospitality chiefs warn Reeves of carnage over Budget tax hikes
Business

Bolt drivers win legal claim to be classed as workers

Thousands of Bolt drivers won their legal claim to be recognised as workers, securing rights to paid holidays and a minimum wage. After the...

by admin November 8, 2024
Bolt drivers win legal claim to be classed as workers
Business

Advisory firm Teneo hunts new backers at $2bn valuation

The advisory firm which managed the insolvency of Bulb Energy in 2021 is kicking off a hunt for new backers in a process that...

by admin November 8, 2024
 Advisory firm Teneo hunts new backers at bn valuation
Business

Baby formula market not working for parents, says watchdog

The baby formula market needs a shake-up to help parents struggling to afford it, according to the UK’s competition watchdog. There are “limited incentives”...

by admin November 8, 2024
Baby formula market not working for parents, says watchdog
Business

Thames Water bondholders submit rival £3bn financing offer

The battle for control of Thames Water’s future has deepened after a second group of bondholders tabled a fully underwritten offer to provide £3bn...

by admin November 7, 2024
Thames Water bondholders submit rival £3bn financing offer
Business

Interest rate cut for only second time in more than four years but budget means inflation will rise, Bank of England says

The Bank of England has forecast Rachel Reeves’ first budget as chancellor will increase inflation by up to half a percentage point over the...

by admin November 7, 2024
Interest rate cut - but budget means inflation will rise, Bank says
Business

Consumer credit giant NewDay lines up £1.7bn sale or float 

The consumer credit giant behind the Argos and John Lewis store cards is kicking off preparations for a sale or stock market listing that...

by admin November 7, 2024
Consumer credit giant NewDay lines up £1.7bn sale or float 
Business

Higher employers’ national insurance contributions to cost Sainsbury’s £140m and cause inflation to rise – CEO Simon Roberts says

Measures announced in the budget will cost one of the UK’s biggest supermarket chains £140m, its chief executive said. The rise in employer’s national...

by admin November 7, 2024
Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says
Business

Donald Trump promised to cut inflation – markets expect the opposite

Donald Trump’s victory was secured on an unequivocal promise to stretched American households that he would “end inflation”, but markets and economists are anticipating...

by admin November 6, 2024
Donald Trump promised to cut inflation - markets expect the opposite
Business

Cambridge semiconductor company at Forefront of investors’ thoughts

A Cambridge semiconductor company has defied the tough funding environment for early-stage businesses by securing £16m to fuel its expansion. Sky News understands that...

by admin November 6, 2024
Cambridge semiconductor company at Forefront of investors’ thoughts
Business

Post Office campaigner Sir Alan Bates says he is yet to receive reply to letter to PM

Post Office campaigner Sir Alan Bates is yet to receive a reply from Sir Keir Starmer, despite writing to him over a month ago....

by admin November 5, 2024
Post Office campaigner Sir Alan Bates says he is yet to receive reply to letter to PM
Business

Vodafone and Three merger could get green light, says UK’s competition watchdog

A £15bn merger between two of the UK’s biggest mobile networks could get the green light – if they stick to their commitments to...

by admin November 5, 2024
Vodafone and Three merger could get green light, says UK's competition watchdog
Business

Bosses rail at business secretary over ‘avalanche of costs’

Business leaders expressed frustration with ministers on Monday amid a growing budget backlash that bosses said would trigger an “avalanche of costs” and leave...

by admin November 4, 2024
Bosses rail at business secretary over 'avalanche of costs'
Business

Retail giants face food price hikes dilemma after budget

Two of Britain’s biggest food retailers will this week face pressure to publicly disclose whether they expect a fresh spike in prices next year...

by admin November 4, 2024
Retail giants face food price hikes dilemma after budget
Business

Ryanair sees profits dive after challenging summer

Ryanair – Europe’s largest budget airline – has reported a significant profit decline and scaled back its growth expectations amid challenges from Boeing aircraft...

by admin November 4, 2024
Ryanair sees profits dive after challenging summer
Business

Zahawi in talks to help Efune clinch £550m Telegraph takeover

The former Conservative chancellor Nadhim Zahawi is in talks to smooth the path to a takeover of The Daily Telegraph being led by the...

by admin November 4, 2024
Zahawi in talks to help Efune clinch £550m Telegraph takeover
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Recent Articles
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World News
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  • 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
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