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 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 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 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…
Business US credit card giant Capital One swoops on concierge service Velocity Black April 26, 2023 Capital One, the American credit card giant, is poised to swoop on a British luxury concierge service in a deal said to be worth hundreds of millions of dollars. Sky…
Business Microsoft blocked in bid to buy Call of Duty game makers in world record deal – but vows to respond April 26, 2023 The British competition watchdog has blocked Microsoft’s bid to buy video game maker Activision Blizzard. The Competition and Markets Authority (CMA) stopped the $68.7bn (£55bn) deal due to concerns that…
Business Ted Baker chief heads for exit in wake of Authentic Brands takeover April 25, 2023 The chief executive of Ted Baker is close to leaving the company six months after it was taken over by a giant American brands and entertainment conglomerate. Sky News has…
Business Food inflation, bakery prices, train ticketing April 25, 2023 Fraser McKevitt, head of retail and consumer insight at Kantar talks to Ian King about grocery prices and developing trends in our shopping habits. Plus, chief executive and co-founder of…
Business Planet Organic founder Elliott returns to spearhead rescue deal April 24, 2023 Renee Elliott, the founder of Planet Organic, is returning to spearhead a rescue deal for the supermarket chain she launched in 1995. Sky News has learnt that Ms Elliott has…
Business JD Sports Fashion goes shopping for retail veteran Shapland April 24, 2023 One of Britain’s most experienced retail executives is joining the board of JD Sports Fashion, part of a management shake-up aimed at improving governance under its new chairman. Sky News…
Business Software company Smoove set to join London stock market exodus April 24, 2023 A conveyancing software maker is in talks to join the growing exodus of companies from the London stock market. Sky News has learnt that AIM-listed Smoove has received several takeover…
Business Elon Musk threatens to sue Microsoft April 20, 2023 Elon Musk has threatened to sue Microsoft for allegedly using Twitter data without permission. The billionaire’s warning, via a tweet, came after the tech giant revealed it would drop his…