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Business

Energy price cap to fall but bills to include ‘temporary’ charge to help tackle record debt

The energy price cap is to fall by £20 a month, the industry regulator has announced, but households are to face an additional “temporary”...

by admin February 23, 2024
Energy price cap to fall but bills to include 'temporary' charge to help tackle record debt
Business

Former Post Office CEO Paula Vennells formally stripped of CBE

Paula Vennells, the former chief executive of the Post Office, has had her CBE formally stripped from her by the King for “bringing the...

by admin February 23, 2024
Former Post Office CEO Paula Vennells formally stripped of CBE
Business

Why the energy price cap has come down for April – to what could be a new normal after Russia’s Ukraine invasion

The reduction in the Ofgem price cap that will apply from April may be the final step on the long, ruinously expensive road to...

by admin February 23, 2024
Why the energy price cap has come down for April - to what could be a new normal after Russia's Ukraine invasion
Business

Ian King Business Podcast: Energy prices fall, consumer confidence, and mergers and acquisitions

As household energy bills are set to fall in April, Ian King talks to Sky’s business correspondent Paul Kelso. He also speaks to Bill...

by admin February 23, 2024
Ian King Business Podcast: Energy prices fall, consumer confidence, and mergers and acquisitions
Business

Post Office would stand by prosecution of more than 350 sub-postmasters, boss told minister in letter

The boss of the Post Office wrote a letter to ministers saying he would stand by the prosecution of more than 350 of the...

by admin February 22, 2024
Post Office would stand by prosecution of more than 350 sub-postmasters, boss told minister in letter
Business

Anyone for Pimm’s? Diageo seeks buyer for British summer staple

Diageo, the FTSE-100 alcoholic beverages giant, is exploring the sale of a trio of non-core brands including Pimm’s, the quintessentially English drink. Sky News...

by admin February 22, 2024
Anyone for Pimm's? Diageo seeks buyer for British summer staple
Business

Exonerating guilty people ‘price worth paying’ to resolve Post Office scandal, government says

Overturning the convictions of guilty sub-postmasters to exonerate all those unfairly prosecuted due to the Horizon scandal is a “price worth paying”, according to...

by admin February 22, 2024
Exonerating guilty people 'price worth paying' to resolve Post Office scandal, government says
Business

Lloyds banks record profits but sets aside £450m to cover car finance probe

Lloyds Banking Group has revealed record annual profits but also a provision of £450m to cover potential costs from a regulatory probe into car...

by admin February 22, 2024
Lloyds banks record profits but sets aside £450m to cover car finance probe
Business

Electric van production to secure future of Vauxhall’s Luton plant

Vauxhall’s parent company has secured the future for its Luton plant but demanded more government aid to help drive the transition to electric vehicles....

by admin February 22, 2024
Electric van production to secure future of Vauxhall's Luton plant
Business

British firms’ exports are almost certainly bolstering Russia’s war machine in Ukraine, Sky data analysis finds

British companies are exporting hundreds of millions of pounds of equipment and machinery which almost certainly ends up in Russia, undermining the official sanctions...

by admin February 21, 2024
British firms' exports are almost certainly bolstering Russia's war machine in Ukraine, Sky data analysis finds
Business

BT Tower sold to MCR Hotels in £275m deal

The iconic BT Tower in London is set to become a hotel, if its new owner gets its way. BT Group revealed on Wednesday...

by admin February 21, 2024
BT Tower sold to MCR Hotels in £275m deal
Business

Brentford FC owner Benham eyes £400m valuation as sale kicks off

The owner of Brentford, the Premier League football club, has engaged advisers to canvas offers of investment that could value one of the sport’s...

by admin February 21, 2024
Brentford FC owner Benham eyes £400m valuation as sale kicks off
Business

HSBC achieves record profits but sweats on China woes

Higher interest rates helped HSBC achieve record annual profits last year but the sum was dented by the economic slowdown in its biggest growth...

by admin February 21, 2024
HSBC achieves record profits but sweats on China woes
Business

BT Tower dials in new future after £275m sale to hotel chain

The iconic BT Tower in London is set to become a hotel, if its new owner gets its way. BT Group revealed on Wednesday...

by admin February 21, 2024
BT Tower dials in new future after £275m sale to hotel chain
Business

Sir Jim Ratcliffe completes purchase of Manchester United stake – seizing control of football operations from Glazers

Petrochemicals billionaire Sir Jim Ratcliffe has completed the purchase of a 27.7% stake in Manchester United through his INEOS conglomerate – enabling him to...

by admin February 21, 2024
Sir Jim Ratcliffe completes purchase of Manchester United stake - seizing control of football operations from Glazers
Business

The Body Shop to shut half of its stores – some will close today

The Body Shop has announced it is closing half of its stores in the UK – including seven today and cutting 40% of roles...

by admin February 20, 2024
The Body Shop to shut half of its stores - some will close today
Business

‘Distinct signs of upturn’ for recession-hit economy, Bank of England governor says

There are “distinct signs of an upturn” in the UK economy, according to the governor of the Bank of England after official figures suggested...

by admin February 20, 2024
'Distinct signs of upturn' for recession-hit economy, Bank of England governor says
Business

Premier League calls emergency club meeting in race to agree New Deal

The Premier League has called an emergency meeting of its 20 “shareholders” in a last-gasp bid to finalise a landmark financial settlement before the...

by admin February 20, 2024
Premier League calls emergency club meeting in race to agree New Deal
Business

Barclays reveals revival plan to woo investors as profits fall

Barclays has revealed a revival plan to shore up support among investors that includes cutting costs and risk while bolstering returns. The UK-based lender’s...

by admin February 20, 2024
Barclays reveals revival plan to woo investors as profits fall
Business

Baby formula prices under scrutiny as cost remains ‘historically high’

The price of baby formula is coming under fresh regulatory scrutiny – amid fears they remain “historically high”. The Competition and Markets Authority (CMA)...

by admin February 20, 2024
Baby formula prices under scrutiny as cost remains 'historically high'
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