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Business

Government announce Anglesey as preferred site of new nuclear power station

Wylfa in North Wales is the preferred site for a major new nuclear power development, the government has announced. Ministers are beginning talks with...

by admin May 22, 2024
Government announce Anglesey as preferred site of new nuclear power station
Business

IMF upgrades UK growth forecast but issues fresh warning on national insurance cuts and debt

The International Monetary Fund (IMF) has said the UK economy is heading for a “soft landing” but reiterated its message to Jeremy Hunt that...

by admin May 21, 2024
IMF upgrades UK growth forecast but issues fresh warning on national insurance cuts and debt
Business

Superdry plots emergency sale process if creditors block rescue plan

Superdry is preparing to run an emergency four-week sale process if creditors block its founder’s plans to inject up to £10m of his own...

by admin May 21, 2024
Superdry plots emergency sale process if creditors block rescue plan
Business

South West Water: Surge in profits for parent company of utility responsible for fixing contaminated supply in Devon

The parent company of South West Water has insisted it is focused on returning safe water supply to Brixham in Devon as it announced...

by admin May 21, 2024
South West Water: Surge in profits for parent company of utility responsible for fixing contaminated supply in Devon
Business

Former tech darling Cazoo crashes into administration 

Cazoo, the British online car retailer once-valued at well over £5bn, will crash into administration on Tuesday. Sky News understands that insolvency practitioners from...

by admin May 21, 2024
Former tech darling Cazoo crashes into administration 
Business

Grocery inflation at lowest level since October 2021, industry data suggests

Grocery inflation has eased to its lowest level since October 2021, according to industry data released before official figures tipped to show a big...

by admin May 21, 2024
Grocery inflation at lowest level since October 2021, industry data suggests
Business

‘We’ve got to fight for our livelihoods’: Port Talbot’s uncertain future as the cost of going green hits home

“Workers united, will never be defeated!” a man shouts into a loud hailer. He is part of a crowd marching through the streets of...

by admin May 21, 2024
'We've got to fight for our livelihoods': Port Talbot's uncertain future as the cost of going green hits home
Business

Skills ‘boot camps’ to be offered – as minister says UK has relied on foreign workers ‘for too long’

The government is set to offer “skills boot camps” in an attempt to get people on benefits back into work and to fill job...

by admin May 21, 2024
Skills 'boot camps' to be offered - as minister says UK has relied on foreign workers 'for too long'
Business

Online fashion giant Shein approaches Sajid Javid ahead of blockbuster IPO

Sajid Javid, the former chancellor of the exchequer, has been approached about taking a role at Shein, the online fashion giant which is progressing...

by admin May 20, 2024
Online fashion giant Shein approaches Sajid Javid ahead of blockbuster IPO
Business

£4.7bn spent on EU border checks but some costs ‘unnecessary’ and timetable unclear, says new National Audit Office report

Traders are facing increased costs and more paperwork due to Brexit border controls, according to a new report from the independent public spending watchdog....

by admin May 20, 2024
£4.7bn spent on EU border checks but some costs 'unnecessary' and timetable unclear, says new National Audit Office report
Business

Record profits at Ryanair after costs rise – but ticket price cuts could be on the way

Ryanair has reported another year of record profits and passenger numbers. The average fare at the airline, which is Europe’s largest by passenger numbers,...

by admin May 20, 2024
Record profits at Ryanair after costs rise - but ticket price cuts could be on the way
Business

Getir quits UK with multimillion pound Tottenham Hotspur debt

Getir, the grocery delivery app which this month confirmed plans to exit the UK, has an outstanding debt to Tottenham Hotspur Football Club running...

by admin May 19, 2024
Getir quits UK with multimillion pound Tottenham Hotspur debt
Business

Sir Jim Ratcliffe scolds Tories over handling of economy and immigration after Brexit

Billionaire Sir Jim Ratcliffe has told Sky News that Britain is ready for a change of government after scolding the Conservatives over their handling...

by admin May 19, 2024
Sir Jim Ratcliffe scolds Tories over handling of economy and immigration after Brexit
Business

Marks & Spencer’s website and app go down

Marks & Spencer’s website and app has not been working for several hours, with a message telling shoppers “you can’t shop with us right...

by admin May 18, 2024
Marks & Spencer's website and app go down
Business

Employees at fintech giant Revolut to cash in with $500m share sale

Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow employees to cash in with a sale of stock valued at hundreds...

by admin May 18, 2024
Employees at fintech giant Revolut to cash in with 0m share sale
Business

About 100 sub-postmaster convictions separate to Post Office cases may be ‘tainted’

Prosecutions of sub postmasters by the Department for Work and Pensions could be “tainted” as Sky News reveals officials worked with now discredited Post...

by admin May 17, 2024
About 100 sub-postmaster convictions separate to Post Office cases may be 'tainted'
Business

Ex-Post Office head of IT says Paula Vennells ‘hoped to avoid’ inquiry – and reveals she blocked her number

A former Post Office executive has said she was forced to block ex-boss Paula Vennells’ phone number after the ex-CEO called multiple times asking...

by admin May 16, 2024
Ex-Post Office head of IT says Paula Vennells 'hoped to avoid' inquiry - and reveals she blocked her number
Business

London City Airport lands FitzGerald as first female boss

London City Airport will on Thursday name its first permanent female chief executive as it targets approval of an expansion plan that would create...

by admin May 16, 2024
London City Airport lands FitzGerald as first female boss
Business

Thames Water investors to quit boards amid spectre of bailout

Representatives of Thames Water’s multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions...

by admin May 15, 2024
Thames Water investors to quit boards amid spectre of bailout
Business

Royal Mail ‘minded’ to accept £3.5bn takeover proposal by Czech billionaire Daniel Kretinsky

The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer...

by admin May 15, 2024
Royal Mail 'minded' to accept £3.5bn takeover proposal by Czech billionaire Daniel Kretinsky
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