Business Sick pay ‘must be improved’ to prevent workers from being pushed into poverty May 12, 2023 For all its seaside delights, Margate in Kent is one of the most deprived parts of the UK. Amid the cost of living crisis, many families are struggling to make…
Business Elon Musk appoints new Twitter chief executive – but is yet to name her May 11, 2023 Elon Musk has announced he has found a new Twitter chief executive – but is yet to name her. “Excited to announce that I’ve hired a new CEO for X/Twitter.…
Business A billion pounds’ worth of unsold Yeezy trainers to find new homes May 11, 2023 Adidas has said it plans to sell some of its Yeezy trainers and merchandise from its defunct partnership with Kanye West and donate some of the proceeds to charity. The…
Business Inflation to fall ‘rapidly’ – but worse interest rate pain yet to come, BoE governor warns May 11, 2023 The governor of the Bank of England has told Sky News he expects inflation to fall “rapidly” in just weeks – but warned two thirds of the pain from interest…
Business Google unveils its first folding phone – with an eye-watering price tag May 10, 2023 Google has announced its first folding smartphone, with a market-leading starting price of £1,749. That puts the Pixel Fold well ahead of the Samsung Galaxy Z Fold4, the world’s most…
Business Investment giant Apollo in talks about £300m swoop on United Living May 10, 2023 One of the world’s biggest private equity investors is in talks to buy United Living Group, a social housebuilder and provider of property and infrastructure services. Sky News has learnt…
Business JD Sports compares the CFO market with raid on BGL exec May 9, 2023 JD Sports Fashion will complete the overhaul of its top executive team this week when it raids the owner of the Comparethemarket price comparison site to appoint its new finance…
Business Financial standards body to name ex-Barclays veteran Moulds as chair May 9, 2023 A not-for-profit company set up nearly a decade ago in the wake of the Libor rate-rigging scandal will this week appoint a veteran City banker as its next chair. Sky…
Business Solar energy start-up Rainbow lures Funding Circle founder May 9, 2023 One of the co-founders of Funding Circle, the London-listed fintech, is taking the helm of a solar energy start-up which promises to bring down the cost of renewable power for…
Business Oil giant BP hoists for sale sign over venture arm companies May 5, 2023 BP is exploring a sale of two of the companies owned by its early-stage ventures arm in a move which could raise tens of millions of pounds. Sky News has…
Business Ministry of Defence software supplier Adarga strikes £17m funding deal May 4, 2023 A defence-focused British artificial intelligence software company chaired by a veteran of City boardrooms has raised a substantial round of funding to fuel its expansion. Sky News has learnt that…
Business AI market faces investigation by UK competition regulator May 4, 2023 A review of the artificial intelligence (AI) market has been launched by the UK competition watchdog. Competition and Markets Authority (CMA) chief executive Sarah Cardell told the Financial Times its…
Business Tax coding error hits staff at big four accountant KPMG May 3, 2023 The big four accountancy firm KPMG is racing to resolve an embarrassing administrative mix-up which has left British-based employees being given erroneous information about their tax payments. Sky News has…
Business Climate protesters sing Spice Girls to disrupt bank meeting May 3, 2023 Shakespeare and the Spice Girls were used by environmental protestors to repeatedly disrupt the Barclays annual general meeting (AGM) in central London on Wednesday morning. Activists from Extinction Rebellion, Fossil…
Business Elon Musk wrong to call for AI development pause, warns report May 3, 2023 Elon Musk is wrong to call for a global pause in the development of AI, which would play into the hands of rogue regimes, a new report has warned. The…
Business Apple and Google team up to tackle AirTag stalking May 3, 2023 Apple and Google have teamed up to thwart people who try to track others using devices designed to help find lost keys and luggage. The rival tech giants do not…
Business Diesel ‘rip-off’ as wholesale prices cheaper than petrol for over a month, RAC says May 3, 2023 Diesel drivers are being “ripped-off” at the pumps to the tune of around 16p per litre, according to a motoring group. The RAC, along with others, has long argued that…
Business Financial regulator attempts to make UK stock exchanges more attractive to firms May 2, 2023 The UK financial watchdog will announce plans to change the rules on bringing companies into public ownership after a series of high profile businesses snubbed the London Stock Exchange. The…
Business Online fashion platform Secret Sales unlocks $10m funding round May 2, 2023 Secret Sales, a discount platform for premium clothing and beauty brands, has clinched a $10m funding round to accelerate its expansion into Europe. Sky News understands that the company, which…
Business German insurer Allianz among suitors for Chelsea shirt deal April 28, 2023 The new owners of Chelsea FC are in talks with Allianz, the German insurance giant, about taking over as its principal shirt sponsor as they grapple with the impact of…