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Business

Business

Post Office chief executive Nick Read to step down

Post Office chief executive Nick Read is to step down, Sky News understands. A formal announcement is expected imminently, sources have told Sky’s City...

by admin September 18, 2024
Post Office chief executive Nick Read to step down
Business

No change in inflation ahead of interest rate decision but another measure ticks unexpectedly up

There’s been no change in the rate of price rises, official inflation figures showed. The rate of inflation stood at 2.2% in August, the...

by admin September 18, 2024
No change in inflation ahead of interest rate decision but another measure ticks unexpectedly up
Business

London-listed medical group AMS draws private equity interest

A medical technology company which produces tissue-healing surgical products has become the latest London-listed business to draw interest from buyout firms. Sky News has...

by admin September 17, 2024
London-listed medical group AMS draws private equity interest
Business

Ministers step up bid to end ‘exploitative’ zero-hours contracts

Angela Rayner, the deputy prime minister, will hold talks with union bosses and business leaders on Wednesday as the government pursues its ambition of...

by admin September 17, 2024
Ministers step up bid to end 'exploitative' zero-hours contracts
Business

Guardian Media Group in talks to sell The Observer to Tortoise Media

Guardian Media Group (GMG) is in talks to sell The Observer, the world’s oldest Sunday newspaper, to Tortoise Media, a start-up founded five years...

by admin September 17, 2024
Guardian Media Group in talks to sell The Observer to Tortoise Media
Business

Energy provider OVO to pay nearly £2.4m penalty for customer complaint failures

Nearly 1,400 OVO customers are to receive compensation after the energy firm was hit with a £2.37m penalty for complaint handling failures. Energy regulator...

by admin September 17, 2024
Energy provider OVO to pay nearly £2.4m penalty for customer complaint failures
Business

UK’s ‘most famous shopping street’ could be pedestrianised under London mayor’s traffic ban plans

Traffic could soon be banned from part of London’s most popular shopping area, under new plans by the capital’s mayor.  A scheme announced by...

by admin September 17, 2024
UK's 'most famous shopping street' could be pedestrianised under London mayor's traffic ban plans
Business

Ex-Treasury official Roxburgh leads race to chair Lloyd’s of London

A former Treasury official is leading the race to become the next chairman of Lloyd’s of London, one of the City’s most prestigious posts....

by admin September 16, 2024
Ex-Treasury official Roxburgh leads race to chair Lloyd's of London
Business

Titanic builder Harland & Wolff set to collapse into administration

The iconic Belfast company that built the Titanic is to collapse into administration. Harland & Wolff has announced it is insolvent and will appoint...

by admin September 16, 2024
Titanic builder Harland & Wolff set to collapse into administration
Business

Flutter closes in on £2bn bet on Playtech’s consumer arm

Flutter Entertainment, the owner of Paddy Power, is closing in on a £2bn swoop for the consumer operations of Playtech, the gambling technology group....

by admin September 16, 2024
Flutter closes in on £2bn bet on Playtech's consumer arm
Business

Manchester City face long-awaited hearing over alleged breaches of Premier League financial rules

The Premier League’s long-awaited hearing into Manchester City’s alleged breaches of financial rules will begin later. City, the reigning Premier League champions, face 115...

by admin September 16, 2024
Manchester City face long-awaited hearing over alleged breaches of Premier League financial rules
Business

Succession battle: Why Rupert Murdoch and his children are fighting in court

A momentous court battle over the fate of Rupert Murdoch’s media empire gets under way in Nevada today. At stake is the future of...

by admin September 16, 2024
Succession battle: Why Rupert Murdoch and his children are fighting in court
Business

Legal & General to pick new home for £1.2bn housebuilder Cala this week

Legal & General, the FTSE-100 insurance and asset management giant, will this week pick a new home for Cala Group, its housebuilding subsidiary. Sky...

by admin September 15, 2024
Legal & General to pick new home for £1.2bn housebuilder Cala this week
Business

Babcock floats move for Titanic shipyard as owner teeters on brink

Babcock International, the London-listed defence contractor, is weighing a possible bid for some of the assets of Harland and Wolff, the shipbuilder which is...

by admin September 14, 2024
Babcock floats move for Titanic shipyard as owner teeters on brink
Business

Apollo-owned ABC Technologies in £800m raid on London-listed auto supplier

A London-listed automotive components supplier has become the latest British-based company to draw overseas takeover interest after receiving a series of offers from a...

by admin September 13, 2024
Apollo-owned ABC Technologies in £800m raid on London-listed auto supplier
Business

Mail Online and Sun take axe to US-based workforces

Two of Britain’s biggest newspaper publishers are taking the axe to their US workforces, slashing scores of jobs in the latest evidence of mounting...

by admin September 13, 2024
Mail Online and Sun take axe to US-based workforces
Business

Investigation into potential second Post Office scandal will be ‘positive’ for sub-postmasters

The lawyer for those affected by Capture software predating the faulty Horizon system says his “belief” is that the “report is going to be...

by admin September 13, 2024
Investigation into potential second Post Office scandal will be 'positive' for sub-postmasters
Business

Tens of millions could pay more if Vodafone-Three merger goes ahead, CMA warns

Tens of millions of mobile phone users could end up paying more if the merger between Vodafone and Three goes ahead, the competition watchdog...

by admin September 13, 2024
Tens of millions could pay more if Vodafone-Three merger goes ahead, CMA warns
Business

National debt to triple due to climate change and sick population – OBR

The gap between how much money the state takes in and its spending will triple in the next 50 years, according to independent forecasters....

by admin September 12, 2024
National debt to triple due to climate change and sick population - OBR
Business

Tesco loses Supreme Court ‘fire and rehire’ fight

Tesco says it will accept a Supreme Court ruling in a so-called ‘fire and rehire’ case amid government efforts to bolster workers’ rights. The...

by admin September 12, 2024
Tesco loses Supreme Court 'fire and rehire' fight
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