The UK’s competition regulator has launched a fresh investigation into Microsoft’s proposed £55bn takeover of Call of Duty maker Activision Blizzard after the tech firm offered a new remedy in a bid to get the deal over the line. The Competition and Markets Authority (CMA) confirmed on Tuesday that it stood by its final decision
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A technology platform specialising in regulatory compliance will this week outline plans to join the London stock market in a welcome, and rare, boost to the City. Sky News understands that RTOP, which works with clients in the financial services sector, is to announce that it is pursuing a direct listing in London – a
Flights to and from Edinburgh Airport were temporarily suspended on Monday morning after a runway required emergency repairs. Four flights were diverted and planes scheduled to take off were held back “for a short period”, the airport said. Maintenance crews were called to fix the issue on the side of the taxiway after the alarm
Ben Stokes, the England Test cricket captain, and former team-mate Stuart Broad are among a group of leading sportsmen backing a new venture capital fund targeting a distinctive position in the crowded arena of early-stage investments. Sky News can reveal that two of the pivotal figures in England’s recent Ashes series recovery to draw the
Chinese authorities have unveiled fresh measures aimed at propping up investor confidence in the country’s stock market. The main securities regulator, the China Securities Regulatory Commission, said it would introduce a number of measures aimed making it easier to trade. These include cuts in the cost of trading, via a reduction in the handling fees
The energy price cap is set to fall again resulting in cheaper electricity and gas bills, according to a closely-watched forecast. Energy bills in the final three months of 2023 are projected to drop before increasing in 2024, according to research firm Cornwall Insight, as they expect strikes at Australian gas facilities will bring up
Russia’s central bank has hiked interest rates by 3.5 percentage points to 12% in an emergency move after the rouble plunged in value. It comes after the currency fell to an almost 17-month low of 101 roubles to one US dollar on Monday – a loss of more than a third of its value since
DAZN Group, the streaming service owned by Sir Len Blavatnik, is buying a women’s football content platform amid burgeoning global interest in the sport. Sky News has learnt that DAZN has struck a deal to acquire ata football, which is backed by the Miami-based sports investment firm 777 Partners. City sources said the deal could
A broadband provider has been slapped down by the advertising watchdog for misleadingly implying the existence of 6G. 6G Internet was the subject of a complaint about claims on its website and in a leaflet. 6Ginternet.com displayed the company logo and the promise of “full fibre speeds at affordable prices”, with an entire page dedicated
There was no prior suggestion that today’s set of economic data would be any different in make up than previous months; indeed figures for retail sales, industrial production and employment were all there as expected. But there was one set of data notably missing, and it was one that many observers had been specifically looking
The owner of the Daily Mail is in talks with prospective backers of a bid for The Daily Telegraph - a deal that would underline its proprietor’s status among the most powerful figures in British media. Sky News has learned that Lord Rothermere, chairman of both DMGT and its consumer division dmg media, is courting
Elon Musk has suggested his planned cage fight with Meta co-founder Mark Zuckerberg will take place in an “epic location”. In a series of posts on X, formerly known as Twitter, the company’s controversial owner said he has been in contact with the Italian prime minister and minister of culture about hosting the event. He
The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates. Ministers said they planned to use the proceeds to help mortgage holders – but said it was a one-off levy to be applied this summer. The announcement sent banking shares tumbling. Italy’s largest chain Intesa
Ofgem’s energy price cap is preventing customers from accessing lower tariffs, contributing to inflation and should be abolished, a new report has claimed. The cap has gone “far beyond” its original purpose of providing protection for customers to become a “de facto regulated market price”, centre-right think tank the Centre for Policy Studies (CPS) said.
Food prices may not fall at all, the chief economist at the Bank of England has said. The cost of sustenance “could still remain higher than it was” before the invasion of Ukraine caused the rate of food price rises to accelerate. “Unfortunately the days of seeing food prices fall, that does seem to be
Consumers spent less in shops as wet weather dampened demand for typical seasonal goods in July, latest figures show. Total UK retail sales increased 1.5%, according to the retail sales monitor from retail representative British Retail Consortium (BRC) and big four accountancy firm KPMG. But at the same time official figures showed the rate of
The BBC faces scrutiny over the sale of one of its historic London studios after the emergence of a rival – and possibly higher – bid from a consortium including the Hollywood film producer Matthew Vaughn. Sky News has learnt that a syndicate comprising Mr Vaughn, Sir Len Blavatnik, the billionaire investor in Warner Music
House prices fell by 2.4% in the year up to July – but there are signs the market is showing ‘resilience’, according to the Halifax. The fall in property values is less than the 2.6% annual decline it recorded in June, which was the biggest annual drop in more than 10 years. Month-on-month, house prices
A final decision is in sight for Microsoft’s protracted bid to acquire the maker of Call Of Duty now that the UK’s competition regulator has closed its public consultation on the matter. The Competition and Markets Authority will consider comments from the public – which were submitted over the past week – and Microsoft’s amended
UK car sales have grown all year, despite borrowing becoming more expensive and a cost of living crisis creating difficult financial conditions for consumers. The number of new cars registered grew 28% in July, compared to a year earlier, in the seventh month of growth this year, according to data from the Society of Motor
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