Business COVID testing tsar Sir John Bell quits board of Oxford spinout vehicle OSE March 22, 2023 admin Professor Sir John Bell, the scientist who served as Boris Johnson’s COVID testing tsar, has quit the investment company which backs start-ups created from Oxford University’s academic research. Sky News…
Business Inflation, Openreach and Four Seasons March 22, 2023 admin Ian King examines the latest inflation figures with Sky’s business correspondent, Gurpreet Narwan. Ian speaks to the chief executive of Openreach about government targets to deliver nationwide superfast broadband by…
Business Inflation rise surprised even the Bank of England – and now interest rate hike looks near-certain March 22, 2023 admin The surprise increase in inflation will give policymakers pause for thought. Just days ago, inflation appeared to be coming down nicely and some were talking down the chances of another…
Business Credit Suisse bondholders may take legal action over £14bn wipe out in UBS takeover March 21, 2023 admin A Swiss regulator’s decision to prioritise shareholder value over certain bondholders in the forced takeover of Credit Suisse could result in legal action, a law firm has warned. Quinn Emanuel…
Business Credit Suisse takeover, housing prices and internet on Mount Snowden March 20, 2023 admin Ian King dissects the takeover of Switzerland’s second-biggest bank, Credit Suisse and asks what it means for the financial world. Ian’s joined by the director of property science at Rightmove,…
Business Credit Suisse fails to rule out redundancies but tells staff their bonuses are safe March 20, 2023 admin Embattled Credit Suisse has told its staff there is “no immediate change” to their jobs and it plans to complete bonus payments ahead of the bank’s forced takeover by its…
Business World’s central banks welcome ‘historic’ takeover of Credit Suisse March 19, 2023 admin UBS will take over Credit Suisse in a deal aimed at stemming what was fast becoming a global crisis of confidence. Credit Suisse, the 167-year-old embattled lender had been brought…
Business Atom Bank chair to step down as digital lender prepares for listing March 16, 2023 admin Atom Bank, the app-based lender, has kicked off a search for a new chair as preparations for a long-awaited public listing of its shares gather pace. Sky News has learnt…
Business Credit Suisse secures £44.5bn lifeline amid fears of global financial crisis March 16, 2023 admin Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the Swiss central bank to shore up its liquidity. The bank said it was “taking decisive…
Business Robots may improve mental wellbeing, but it all depends on their looks March 14, 2023 admin Robots can improve mental wellbeing in the workplace, but only if they look right, research suggests. A study by the University of Cambridge found that people who interacted with robots…
Business McLaren revs up investors with £70m equity injection March 14, 2023 admin McLaren Group, the supercar manufacturer and Formula One team-owner, has received a £70m funding boost from investors in the first stage of a wider capital-raising plan. Sky News has learnt…
Business Tech bosses show relief over Silicon Valley Bank rescue March 14, 2023 admin Technology investors and founders representing over £560bn in capital raised and fund assets under management have expressed relief about the rescue of Silicon Valley Bank UK in an open letter…
Business National Savings & Investments mulls giving acting chief Harkins top job March 13, 2023 admin The government’s savings bank is weighing the appointment of Dax Harkins, its new interim boss, as its next permanent chief executive. Sky News has learnt that National Savings & Investments…
Business Inflation basket update sees e-bikes added but alcopops drowning their sorrows March 13, 2023 admin Men’s belts and electric bikes are in while many CDs and alcopops are out, in the annual update to the basket of goods and services used to calculate inflation. The…
Business West Midlands mayor Street set for £1.2bn Budget devolution boost March 13, 2023 admin The Treasury is this week expected to deliver a £1bn-plus devolution boost to Andy Street, the West Midlands mayor. Sky News understands that the chancellor, Jeremy Hunt, will outline plans…
Business Market not reassured by Silicon Valley Bank UK rescue deal March 13, 2023 admin Markets have not been reassured by HSBC’s purchase of the beleaguered Silicon Valley Bank UK (SVB UK). While the pound is up, to a three-week high of $1.2089, it’s a…
Business Elon Musk reportedly wants to build his own ‘utopia’ town March 10, 2023 admin Elon Musk has made no secret of his desire to colonise Mars, but seemingly not before he’s had a go at running his own community here on Earth. The SpaceX,…
Business Energy giant attacks windfall tax, the UK’s booming space sector, and teaching kids to code March 9, 2023 admin Mark Boggett from Seraphim Space discusses why Britain’s space sector is attracting more investment than any country other than the US and China. Also joining Ian on today’s show are…
Business China hits out at Dutch plan to limit export of semiconductor tech March 9, 2023 admin China has criticised a Dutch plan to restrict the export of semiconductor equipment – a vital part of the high-tech supply chain. The Netherlands‘ government announced on Wednesday it would…
Business Tesla investigated by US regulator over steering wheels that can fall off March 8, 2023 admin US motor vehicle safety regulators have opened an investigation into a Tesla model after getting two complaints that the steering wheels can come off while being driven. The National Highway…