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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
Business

Manchester United: Qatari businessman Sheikh Jassim ‘withdrawing from process’ to buy club

Qatari businessman Sheikh Jassim bin Hamad al Thani has withdrawn from the process to buy Manchester United, Sky News understands. His offer, which valued...

by admin October 14, 2023
Manchester United: Qatari businessman Sheikh Jassim 'withdrawing from process' to buy club
Business

NatWest braced for showdown over former CEO’s payoff

NatWest Group is preparing to cancel millions of pounds in bonuses and share awards earmarked for its former chief executive following a probe into...

by admin October 14, 2023
NatWest braced for showdown over former CEO's payoff
Business

UK wholesale gas prices rise to highest level since February

UK wholesale gas prices have risen again and are now at their highest level since mid-February. Prices rose to nearly 135 pence a therm...

by admin October 13, 2023
UK wholesale gas prices rise to highest level since February
Business

Chancellor tells Britons he is ‘preparing for the worst’ as debt interest to be £20bn-£30bn higher than spring

The chancellor has warned the British public he is preparing “for the worst” as he draws up his autumn statement. Jeremy Hunt told Sky...

by admin October 13, 2023
Chancellor tells Britons he is 'preparing for the worst' as debt interest to be £20bn-£30bn higher than spring
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