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Business

Business

Safestyle: Around 680 workers made redundant after window and door seller falls into administration

Around 680 staff have been made redundant at window and door manufacturer and seller Safestyle. The business has gone into administration and the GMB...

by admin October 30, 2023
Safestyle: Around 680 workers made redundant after window and door seller falls into administration
Business

Mortgage approvals at lowest level since January, Bank of England figures reveal

Lenders last month approved the lowest number of mortgages since January, according to figures from the Bank of England. Just 43,328 home loans for...

by admin October 30, 2023
Mortgage approvals at lowest level since January, Bank of England figures reveal
Business

Waitrose boss reveals high-value item that brazen shoplifting gang were looking for

Brazen shoplifters looking for a brand of gin warned Waitrose staff they would return when it was back in stock. The supermarket’s boss, Dame...

by admin October 25, 2023
Waitrose boss reveals high-value item that brazen shoplifting gang were looking for
Business

Lloyds profit and net interest margin up despite fall on the horizon

Profits are up at the UK’s biggest mortgage lender as high interest rates helped grow the amount of money collected from loans. Lloyds Banking...

by admin October 25, 2023
Lloyds profit and net interest margin up despite fall on the horizon
Business

Aldermore ditches Co-operative Bank bid after parent’s CEO quits

One of Britain’s biggest challenger banks has abandoned plans to bid for the Co-operative Bank after its owner’s chief executive quit unexpectedly. Sky News...

by admin October 25, 2023
Aldermore ditches Co-operative Bank bid after parent's CEO quits
Business

Mission: Impossible release date delayed because of actors’ strike

The eighth instalment of the Mission: Impossible franchise has been postponed owing to the ongoing actors’ strike. Paramount Pictures has pushed back the release...

by admin October 25, 2023
Mission: Impossible release date delayed because of actors' strike
Business

Revenue up at Microsoft and Alphabet but ‘disappointment’ over Google cloud

Both Microsoft and Google’s parent company, Alphabet, have both reported higher than expected revenue in their latest quarterly results. Microsoft recorded revenue in the...

by admin October 24, 2023
Revenue up at Microsoft and Alphabet but 'disappointment' over Google cloud
Business

UK unemployment rate remains low at 4.2% as number of job vacancies falls

The UK unemployment rate remains low, according to the latest official figures. The figure stood at 4.2% in the three months to August this...

by admin October 24, 2023
UK unemployment rate remains low at 4.2% as number of job vacancies falls
Business

City minister to convene banks for first-time buyer summit

The City minister is to hold talks with some of Britain’s biggest banks in the lead-up to the autumn statement as the government looks...

by admin October 23, 2023
City minister to convene banks for first-time buyer summit
Business

Why the soaring cost of government borrowing matters for everyone

Except on rare occasions – last year’s post-Liz Truss mini-budget episode being one of them – the bond market rarely garners as much attention...

by admin October 23, 2023
Why the soaring cost of government borrowing matters for everyone
Business

London found to be the only region to have unaffordable rent

Only one region in England, Wales and Northern Ireland had unaffordable rent, according to official figures. On average, Londoners paid 35% of their household...

by admin October 23, 2023
London found to be the only region to have unaffordable rent
Business

Rail ticket office closures will go ‘too far, too fast’

Plans to close rail ticket offices will go “too far, too fast”, MPs have warned. The Rail Delivery Group announced over the summer that...

by admin October 23, 2023
Rail ticket office closures will go 'too far, too fast'
Business

Badenoch snubs invitation to address troubled CBI’s summit

Kemi Badenoch, the business secretary, has turned down an invitation to address the CBI’s annual conference, dealing a blow to the business lobbying group’s...

by admin October 22, 2023
Badenoch snubs invitation to address troubled CBI's summit
Business

British chip champion Pragmatic lines up £200m funding injection

A fast-growing British semiconductor manufacturer is lining up a £200m funding injection from blue-chip backers including the asset management giant M&G. Sky News has...

by admin October 21, 2023
British chip champion Pragmatic lines up £200m funding injection
Business

Chancellor Jeremy Hunt warns of ‘public sector waste’ crackdown after government borrowing lower than expected

Chancellor Jeremy Hunt has warned of a crackdown on “public sector waste” and focus on tackling debt after official figures showed government borrowing was...

by admin October 20, 2023
Chancellor Jeremy Hunt warns of 'public sector waste' crackdown after government borrowing lower than expected
Business

10-year UK gilts are close to a 15-year high

The cost of UK state borrowing is close to a 15-year high – levels seen only twice since the global financial crash. The amount...

by admin October 19, 2023
10-year UK gilts are close to a 15-year high
Business

‘Concern’ for retailers ahead of Christmas as sales and shopper confidence fall

A closely-watched barometer of consumer confidence is warning of “concern” for retailers ahead of Christmas, as official figures for September show a steep fall...

by admin October 19, 2023
'Concern' for retailers ahead of Christmas as sales and shopper confidence fall
Business

‘We can certainly afford two wars’, US Treasury secretary says

Janet Yellen has told Sky News the United States can “certainly” afford wars on two fronts, as the conflict between Israel and Hamas threatens...

by admin October 16, 2023
'We can certainly afford two wars', US Treasury secretary says
Business

Sir Jim Ratcliffe to buy 25% of Manchester United for £1.3bn

British billionaire Sir Jim Ratcliffe will buy a 25% stake of Manchester United football club. Sir Jim and his company INEOS are expected to...

by admin October 16, 2023
Sir Jim Ratcliffe to buy 25% of Manchester United for £1.3bn
Business

Metro Bank seeks bids within weeks for £3bn mortgage book

Metro Bank has set a quickfire timetable for rivals to snap up a substantial chunk of its mortgage book. Sky News understands that Metro...

by admin October 15, 2023
Metro Bank seeks bids within weeks for £3bn mortgage book
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