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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
Business

West has ‘good hand in China economic battlefield but it doesn’t have to be war’

The boss of the world’s biggest bank has told Sky News that Western economies have a “good hand” in the “economic battlefield” with China...

by admin May 15, 2024
West has 'good hand in China economic battlefield but it doesn't have to be war'
Business

Brexit border IT crash delays fresh food imports by more than a day

IT systems failures at the UK border have caused major delays to fresh food shipments from the EU, with importers complaining of chaos at...

by admin May 15, 2024
Brexit border IT crash delays fresh food imports by more than a day
Business

Rapid steps needed for Britain to compete in green industrial revolution – IPPR says

Britain has a chance to compete in the green industrial revolution, but only if the government takes rapid steps to help shore up its...

by admin May 15, 2024
Rapid steps needed for Britain to compete in green industrial revolution - IPPR says
Business

Landlords ‘holding parliament hostage’ over threat of selling up – as peers urged to ‘rescue’ Renters Reform Bill

Landlords have been accused of “holding parliament hostage” with the threat of selling up to stop tenants’ rights from being strengthened. A fresh row...

by admin May 15, 2024
Landlords 'holding parliament hostage' over threat of selling up - as peers urged to 'rescue' Renters Reform Bill
Business

Record 3.1 million food bank parcels handed out in a year, says charity

A record 3.1 million emergency food parcels have been handed out in just a year, according to a charity. The Trussell Trust says 3,121,404...

by admin May 15, 2024
Record 3.1 million food bank parcels handed out in a year, says charity
Business

Boeing could face prosecution in US over 737 MAX plane crashes which killed 346

A new twist in the safety crisis engulfing Boeing could see the airline prosecuted over the 737 MAX 8 crashes in 2018 and 2019...

by admin May 15, 2024
Boeing could face prosecution in US over 737 MAX plane crashes which killed 346
Business

Post Office spin doctor said he was in a ‘corporate cover up’ – years before apology issued to Horizon victims

A former Post Office communications director told fellow employees he was at “the heart of a corporate cover-up”, at the same time as sub-postmaster...

by admin May 14, 2024
Post Office spin doctor said he was in a 'corporate cover up' - years before apology issued to Horizon victims
Business

Labour leader reassures union bosses in row over workers’ rights plans – but it’s not over yet

Sir Keir Starmer has moved to reassure trade union bosses about his party’s plans to strengthen workers’ rights, after he was accused of watering...

by admin May 14, 2024
Labour leader reassures union bosses in row over workers' rights plans – but it's not over yet
Business

Interest rate cut prospects threatened by pace of wage growth

The prospects for an interest rate cut next month have not been helped by the latest wage growth figures which have come in higher...

by admin May 14, 2024
Interest rate cut prospects threatened by pace of wage growth
Business

GPT-4o: OpenAI to begin rollout of latest version of artificial intelligence chatbot

The new version of the ChatGPT AI chatbot has been unveiled and offers near-instant results across text, vision and audio, according to its maker....

by admin May 13, 2024
GPT-4o: OpenAI to begin rollout of latest version of artificial intelligence chatbot
Business

‘Serious questions’ for lenders over surge in ultra-long mortgages

Young homebuyers are being forced to gamble with their retirement prospects by taking on ultra-long mortgages, according to a former pensions minister. Sir Steve...

by admin May 13, 2024
'Serious questions' for lenders over surge in ultra-long mortgages
Business

Zahawi takes on Very Group role days after quitting as MP

Nadhim Zahawi, the former chancellor, is to be named as chairman of one of Britain’s biggest online retailers, days after confirming that he would...

by admin May 13, 2024
Zahawi takes on Very Group role days after quitting as MP
Business

Pinewood-owner Aermont among suitors for £850m Village Hotels

The major backer of Pinewood Studios is among the suitors vying to buy Village Hotels, one of Britain’s biggest mid-market hotel chains. Sky News...

by admin May 12, 2024
Pinewood-owner Aermont among suitors for £850m Village Hotels
Business

Former Rank chief Birch in talks to run Ladbrokes-owner Entain

Henry Birch, the former boss of Rank Group, is among the candidates vying to run Entain, the FTSE-100 owner of Ladbrokes. Sky News has...

by admin May 11, 2024
Former Rank chief Birch in talks to run Ladbrokes-owner Entain
Business

Motors.co.uk among suitors raiding stricken Cazoo’s garage sale

A privately owned used-car platform is circling Cazoo Group, its stricken US-listed rival which is on the brink of administration. Sky News has learnt...

by admin May 10, 2024
Motors.co.uk among suitors raiding stricken Cazoo's garage sale
Business

British Airways owner International Airlines Group sees profits soar

The owner of British Airways has reported a sharp rise in profits amid soaring demand for trips and a fall in the cost of...

by admin May 10, 2024
British Airways owner International Airlines Group sees profits soar
Business

UK no longer in recession, official figures show

The UK economy is no longer in recession, according to official figures. Gross domestic product (GDP) grew by a better-than-expected 0.6% between January and...

by admin May 10, 2024
UK no longer in recession, official figures show
Business

Interest rate cut is not far off – but there are complicating factors

How soon is too soon? That’s the question exercising members of the Bank of England‘s monetary policy committee (MPC) at the moment. All nine...

by admin May 9, 2024
Interest rate cut is not far off - but there are complicating factors
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