Business House prices fall – but rising cost of borrowing makes buying more expensive August 22, 2023 Falling house prices and record wage growth has meant houses have become more affordable on paper, but the rising cost of borrowing has cancelled out any benefit. The cost of…
Business Microsoft concession might be enough to secure biggest gaming deal August 22, 2023 Microsoft lashed out in April when the UK’s competition regulator blocked the biggest gaming takeover in history. The tech giant suggested that the decision showed the UK was not a…
Business Microsoft in fresh bid to get Activision Blizzard takeover past UK regulator August 22, 2023 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…
Business Technology group RTOP plots direct listing in boost to faltering London market August 21, 2023 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…
Business Flights to and from airport temporarily suspended due to emergency runway repairs August 21, 2023 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…
Business England captain Stokes seeks edge with launch of venture fund August 20, 2023 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…
Business Chinese authorities attempt to revive flagging economy amid contagion fears August 18, 2023 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…
Business Energy bills ‘expected to fall again but rises on the horizon’ August 18, 2023 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…
Business Russia hikes interest rates as rouble plummets August 15, 2023 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…
Business Streaming giant DAZN strengthens women’s sports push with ata football deal August 15, 2023 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…
Business Broadband provider ‘misleadingly implied’ existence of 6G August 15, 2023 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…
Business China releases economic data – but missing set of figures will spark concern August 15, 2023 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…
Business Daily Mail proprietor Rothermere in talks with investors over Telegraph bid August 12, 2023 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…
Business Elon Musk and Mark Zuckerberg’s cage fight set to take place in ‘epic location’ August 11, 2023 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…
Business Italy introduces surprise windfall tax on banks’ interest rate profits August 8, 2023 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…
Business Energy price cap ‘costing people money and boosting inflation’ August 8, 2023 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…
Business Food prices may never fall again, chief economist warns August 7, 2023 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…
Business Miserable weather hits summer clothes sales but Taylor Swift boosts card spending August 7, 2023 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…
Business BBC faces scrutiny over rival Maida Vale Studios bid from Vaughn consortium August 7, 2023 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…
Business House prices continue to fall but market showing ‘resilience’ August 7, 2023 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…