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Business

Business

Chancellor Rachel Reeves to change public finance rules to borrow more for investment

Rachel Reeves will rewrite the government’s fiscal rules in next week’s budget to allow her to increase borrowing for public investment by around £50bn....

by admin October 24, 2024
Chancellor Rachel Reeves to change public finance rules to borrow more for investment
Business

Frasers Group demands Boohoo fires CEO and appoints its founder Mike Ashley

Frasers Group, the owner of Sports Direct, House of Fraser and Flannels, has written to Boohoo ordering it to sack its chief executive and...

by admin October 24, 2024
Frasers Group demands Boohoo fires CEO and appoints its founder Mike Ashley
Business

Labour under pressure to fix local services in budget as councils insist there is no more ‘fat to cut’

Folkestone has been drawing in crowds in recent years with regeneration and private developments transforming parts of this port town on the Kent coast....

by admin October 24, 2024
Labour under pressure to fix local services in budget as councils insist there is no more 'fat to cut'
Business

UK could see ‘end of clubbing’ with 10 venues closing a month

Without urgent intervention the UK looks set to see “the end of a clubbing era that has defined generations”, according to industry experts. Ahead of...

by admin October 24, 2024
UK could see 'end of clubbing' with 10 venues closing a month
Business

Whistles-owner Foschini in advanced talks to buy White Stuff

The owner of fashion chains Whistles and Phase Eight is in advanced talks to buy White Stuff, another prominent high street clothing retailer. Sky...

by admin October 23, 2024
Whistles-owner Foschini in advanced talks to buy White Stuff
Business

Public investment ‘badly needed’ to prevent UK’s national debt rising to risky levels, IMF warns

Public investment in new technologies and the energy transition is “badly needed” to drive growth in the UK and prevent the national debt rising...

by admin October 23, 2024
Chancellor Rachel Reeves to change public finance rules to borrow more for investment
Business

Octopus Energy sparks £1.5bn profit for UK from Bulb rescue

The energy supplier which rescued rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the...

by admin October 23, 2024
Octopus Energy sparks £1.5bn profit for UK from Bulb rescue
Business

Treasury on track to complete NatWest sell-off by mid-2025

The Treasury is on track to complete the sale of the taxpayer’s stake in NatWest Group as early as the spring of next year...

by admin October 23, 2024
Treasury on track to complete NatWest sell-off by mid-2025
Business

New review into water industry launched in bid to tackle sewage pollution and ‘broken’ infrastructure

A new commission is to investigate Britain’s troubled water industry in a bid to tackle sewage pollution, “broken” infrastructure, and toughen up weak regulators....

by admin October 23, 2024
New review into water industry launched in bid to tackle sewage pollution and 'broken' infrastructure
Business

Ex-Abercrombie & Fitch CEO Mike Jeffries arrested on sex trafficking charges

Former Abercrombie & Fitch CEO Mike Jeffries has been arrested on sex trafficking charges, a spokesperson for federal prosecutors has said. Matthew Smith, Jeffries’...

by admin October 23, 2024
Ex-Abercrombie & Fitch CEO Mike Jeffries arrested on sex trafficking charges
Business

GoCardless employees in line for £100m windfall

GoCardless, the digital payments platform, is to become the third British fintech in as many months to orchestrate a share sale that will result...

by admin October 22, 2024
GoCardless employees in line for £100m windfall
Business

UK economic forecast boosted by IMF

The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1% – the largest upward revision for...

by admin October 22, 2024
UK economic forecast boosted by IMF
Business

Government borrowing remains at highest since pandemic

Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show....

by admin October 22, 2024
Government borrowing remains at highest since pandemic
Business

Water companies seek even higher bill increases than first indicated

Water companies across England and Wales are asking for bills to be made even higher than they first requested, with one company seeking an...

by admin October 22, 2024
Water companies seek even higher bill increases than first indicated
Business

Labour’s Employment Rights Bill could cost business up to £5bn a year, government analysis shows

Overhauling workers’ rights could cost businesses around £5bn a year, the government has said. The Employment Rights Bill, which aims to tackle low pay...

by admin October 21, 2024
Labour's Employment Rights Bill could cost business up to £5bn a year, government analysis shows
Business

Saudi-funded LIV Golf strikes deal to tee off in India

The breakaway international golf tour funded by Saudi Arabia’s vast wealth is to stage its first event in India early next year amid its...

by admin October 21, 2024
Saudi-funded LIV Golf strikes deal to tee off in India
Business

Bonus payments to water company bosses rise to £9.1m amid sewage scandal

Bonuses to water company bosses rose this year to £9.1m – despite record sewage discharges and financial woes at some utilities. Executives from English...

by admin October 21, 2024
Bonus payments to water company bosses rise to £9.1m amid sewage scandal
Business

Ocado Group lines up ex-Microsoft exec as next chairman

A former Microsoft executive is being lined up as the next chairman of Ocado Group, the online grocery technology provider. Sky News has learnt...

by admin October 21, 2024
Ocado Group lines up ex-Microsoft exec as next chairman
Business

How the odd bet on football could cost you a mortgage

While having the odd bet on your football team to win at the weekend sounds like a bit of harmless fun, it could actually...

by admin October 21, 2024
How the odd bet on football could cost you a mortgage
Business

Doubts grow over Reaction Engines rescue deal with UAE fund

The prospects of a rescue deal being struck for a British hypersonic aviation pioneer appeared to recede this weekend when it emerged that talks...

by admin October 20, 2024
Doubts grow over Reaction Engines rescue deal with UAE fund
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Recent Articles
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World News
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  • 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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