Business Energy prices, regional disparities and referee bodycams February 27, 2023 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…
Business The energy price cap has fallen but the real winner is the government February 27, 2023 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,…
Business Russia’s economy has weathered the West’s sanctions – but how? February 23, 2023 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…
Business Food shortages could last a month, says minister, insisting system ‘remains resilient’ February 23, 2023 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…
Business Tomato shortage could last until end of April as Tesco and Aldi become latest supermarkets to introduce limits February 22, 2023 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…
Business Bentley to end production of ‘iconic’ W12 petrol engine in move to electric February 22, 2023 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…
Business Tomato shortage in UK supermarkets as bad weather hits crops in Europe and Africa February 21, 2023 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…
Business Fish and chips are yet to reach price peak, industry boss warns February 20, 2023 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…
Business Microsoft limits new Bing after reports of bizarre answers – with journalist ‘compared to Hitler’ February 18, 2023 Microsoft is limiting how many questions people can ask its new Bing chatbot after reports of it becoming somewhat unhinged, including threatening users and comparing them to Adolf Hitler. The…
Business ‘Silver spenders’ help drive tap and go contactless payments to record high February 16, 2023 An estimated 91.2% of card payments last year were contactless, according to data covering spending when the technology was available. Analysis of habits by debit and credit card users at…
Business Elon Musk donated £1.6bn in Tesla stock to charity last year February 15, 2023 Elon Musk donated around $1.95bn (£1.6bn) worth of Tesla stock to charity last year, according to documents filed in the US. The billionaire gifted about 11.6 million shares between August…
Business Ford job cuts: More than a thousand jobs to go in the UK February 14, 2023 Ford has announced 1,300 jobs are being cut from its UK business as part of a Europe-wide overhaul of the carmaker. The cuts are being made as part of a…
Business American fund KPS sets sail with purchase of British yacht-builder Princess February 13, 2023 Britain’s biggest luxury yacht-builder is being sold to new private equity backers 15 years after it last changed hands. Sky News has learnt that Princess Yachts, which is based in…
Business Broadband and phone bill rises to be investigated by Ofcom February 9, 2023 The UK communications regulator has launched an investigation into broadband and phone bill price rises as research suggested many customers are unaware providers can increase costs. The review, to be…