Business

BMW, the German car manufacturer, is applying the finishing touches to plans to invest hundreds of millions of pounds into its Oxford plant, securing future production of the iconic Mini in Britain. Sky News has learnt that BMW hopes to announce its decision later in the spring, with one industry insider saying on Wednesday that

Twitter boss Elon Musk has backpedalled after publicly mocking an employee on the social media platform.  Twitter worker Haraldur Thorleifsson wasn’t sure whether he had been sacked by the company after finding himself locked out of his work computer, along with 200 others. Unable to get a clear answer as to whether he was still

Britain’s power system operator has, for the first time ever, ordered two of five emergency coal-fired generators to produce electricity to help prevent the lights going out. National Grid ESO made the announcement hours after it activated contingency plans as a precaution over fears supplies may struggle to keep up with demand during the current

Almost 500,000 new hybrid and electric cars will be seen on UK roads this year, according to new industry projections, following a spurt in production and sales. The Society of Motor Manufacturers and Traders (SMMT) said pure electric vehicles (EVs) accounted for almost a quarter of the market last month as sales rose by 18.2%

Ian King speaks to AJ Bell about how more British companies are listing on the US stock market. Plus, hear from the pharmaceutical company Indivior’s chief executive about efforts to tackle an opioid crisis. And find out more about the Black Founders Fund – a scheme aimed at tackling the lack of black talent in

Looking at recent headlines, one could be forgiven that there is a host of UK-listed companies packing their bags and preparing to head to New York. Today brought news that CRH, the world’s biggest supplier of building materials, is moving its main listing from London to New York – in the process depriving the FTSE

TikTok videos using hashtags previously identified as hosting eating-disorder content are continuing to attract views, new research by the Centre for Countering Digital Hate has found. A December report by the campaign group identified “coded” hashtags where users could access potentially harmful videos promoting restrictive diets and so-called “thinspo” content, designed to encourage harmful weight

The American company behind brands such as Reebok and Ted Baker is among the suitors weighing bids for Hunter Boot, the royal warrant-holding footwear brand. Sky News understands that Authentic Brands Group (ABG), which also has a stake in David Beckham’s branded products portfolio, has expressed an interest in a deal with Hunter. It was

The cryptocurrency firm chaired by Lord Hammond, the former chancellor, is in talks to recruit a new finance chief amid heightened scrutiny of the industry’s financial controls. Sky News understands that Copper is targeting the appointment of Sam Goh, an executive at Onfido, the digital identity company, as its chief financial officer. Industry insiders said

Household bills could rise if the government further delays its plan to rid the power network of polluting fossil fuels by 2035, the National Audit Office (NAO) has warned. Energy officials committed to the target almost 18 months ago, but their plan to deliver it was delayed by the energy crisis as they focussed instead

Drivers leasing new electric cars are being overcharged by hundreds of pounds each month, it has been claaimed. Companies have been accused of failing to reflect the strong resale value of cleaner cars when they set their prices, according to clean transport campaign group Transport & Environment (T&E). The monthly cost is typically based on

Let’s get the policy stuff out of the way first. Labour has an economic growth target. They want to achieve the highest sustainable growth per head rate of the seven major industrialised economies. They say that unless we do something to change the path of British economic growth we will end up poorer than Poland

Ian King speaks to our business correspondent about the new energy price cap and what it means for households. Plus hear from EY’s UK chief economist about how cost of living pressures are expected to intensify regional divisions. And the CEO of bodycam maker Reveal Media joins the show to discuss why the technology is

Ofgem has lowered its cap on the amount energy companies can charge for gas and electricity but it’s not all good news. Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis

In the aftermath of Russia’s invasion of Ukraine, Western leaders heralded a sanctions regime that would cripple the country’s war machine. Joe Biden claimed Russia’s economy would be “cut in half”, while Boris Johnson spoke of squeezing it “piece by piece.” A year has passed, but that great promise has been slow to deliver. Please

The food system “remains resilient” the environment secretary has said, as she conceded fruit and vegetable shortages will likely continue for another two to four weeks. Responding to an urgent question in the Commons as the crisis leaves supermarket shelves bare, Therese Coffey said: “I am led to believe by my officials after discussion with

British tomatoes will likely remain scarce until the end of April or even early May, the UK’s largest grower has warned. It comes after Tesco and Aldi became the latest supermarkets to place limits on some fruit and vegetables customers can buy due to supply shortages. The soaring cost of energy, and fertiliser also derived

Bentley will end production of its “iconic” 12-cylinder petrol engine in April next year. More than 100,000 W12s have been built at the firm’s factory in Crewe, Cheshire over the past 20 years. The British luxury car manufacturer announced on Wednesday it will halt production of the famed W12 engine, launched in 2003, as it

Tomatoes are in short supply on supermarket shelves due to bad weather in Europe and Africa. The UK relies on countries such as Morocco and Spain for tomatoes during the winter. But in Morocco, growers have struggled with cold weather, heavy rain and floods. Suppliers have been hit by ferry cancellations, which have affected lorry

The boss of one of the UK’s largest fish and chips chains has told Sky News that industry prices are stabilising but yet to reach their peak. James Lipscombe, chief executive of The Chesterford Group which runs 38 takeaways and restaurants under several brands, spoke of a mammoth effort to maintain sales volumes as the