Sky Business News

Subscribe to Sky Business News feed Sky Business News
Updated: 58 min 29 sec ago

UK interest rates should stay high until inflation eases further, OECD says

Thu, 02/05/2024 - 07:58
One of the world's leading economic authorities has warned the UK that borrowing should remain expensive until the rate of price rises eases further and stays there.

Shell profits surprise as it battles major investors on climate commitments

Thu, 02/05/2024 - 06:21
Shell has reported better than expected first quarter profits and moved to woo shareholders as it battles a group of major investors seeking greater action against climate change at the company.

Data suggests why Chinese manufacturers dominate in so many sectors

Thu, 02/05/2024 - 04:46
Chinese manufacturers receive nine times more government support than their Western counterparts, according to calculations from the Organisation for Economic Co-operation and Development (OECD) which help explain the country's complete dominance in so many sectors, from solar panels and batteries to steel.

Revolution Bars' rivals eye bids for struggling chain's assets

Wed, 01/05/2024 - 18:22
Some of the leading players in Britain's night-time economy are looking to cherry-pick assets from Revolution Bars, the London-listed leisure group.

US interest rates held again after three months of disappointing inflation data

Wed, 01/05/2024 - 17:05
The US central bank, known as the Fed, has again kept interest rates high - at 5.25% to 5.5%.

House prices, electric vehicle chargers and store advertising

Wed, 01/05/2024 - 12:36
Ian King discusses Nationwide's figures showing a surprise fall in UK house prices, which are down for the second month running.

London-listed consultant Alpha FMC draws takeover interest

Wed, 01/05/2024 - 10:26
A specialist financial services consultancy has become the latest London-listed company to attract takeover interest from private equity firms.

Wait for interest rate cut leads to surprise dip in house price growth

Wed, 01/05/2024 - 07:01
Shifting expectations for UK interest rate cuts have contributed to a dip in house price growth, according to a closely watched measure.

Tory MPs threaten to rebel against government over leasehold reform

Tue, 30/04/2024 - 22:39
Tory MPs are threatening to rebel over the government's new housing proposals.

Hotel chain banned from advertising rooms 'from only £35 a night'

Tue, 30/04/2024 - 19:16
Hotel chain Premier Inn has been banned from advertising rooms "from only £35 a night" by the advertising regulator.

PIP changes: Everything you need to know

Tue, 30/04/2024 - 18:12
The government has opened a consultation on the disability support system PIP (Personal Independence Payment), meaning eligibility criteria and other aspects of it could change.

Commercial property values, Whitbread job losses, and HSBC boss steps down

Tue, 30/04/2024 - 17:36
As commercial property values fall by less than expected during the last year, Ian King is joined by Grosvenor's chief executive Mark Preston.

Ex-Camelot chief Railton to be named new Post Office chair

Tue, 30/04/2024 - 17:35
A former boss of Camelot, the National Lottery operator, will be named this week as the next chairman of the Post Office as ministers seek to draw a line under the ugly row surrounding the exit of his predecessor.

Former boss of world's largest crypto exchange jailed

Tue, 30/04/2024 - 17:21
The former boss of the world's largest cryptocurrency exchange has been jailed for four months for allowing money laundering.

'Stitch up' for shellfish industry as sewage dumped in designated waters for 192,000 hours last year

Tue, 30/04/2024 - 16:16
Untreated sewage was released into designated shellfish waters for 192,000 hours last year, new research has found.

Spanish owner of TSB at centre of BBVA merger speculation

Tue, 30/04/2024 - 12:27
The Spanish owner of TSB, one of Britain's biggest high street lenders, was on Tuesday at the centre of speculation that it is being targeted for a takeover by the giant banking group BBVA.

Manufacturers urged to 'raise red flag' in Russia sanctions-busting probe

Tue, 30/04/2024 - 11:01
UK manufacturing exporters who see leaps in sales to countries friendly with Russia should "raise a red flag", a sanctions expert has told MPs.

Space NK owner hires bankers to sell high street beauty chain

Tue, 30/04/2024 - 10:48
The owner of Space NK has picked bankers to handle a sale of the high street beauty chain that is expected to fetch more than £300m.

Telegraph put up for sale after ownership battle with government

Tue, 30/04/2024 - 09:18
An Abu Dhabi-backed fund has conceded defeat in its bid to buy The Daily Telegraph after its ownership was effectively blocked by the government.

Macquarie dials up £1.2bn Wavenet merger with Daisy arm

Tue, 30/04/2024 - 08:24
The telecoms entrepreneur behind Daisy Group is closing in on a merger involving a company majority-owned by the Australian financial behemoth Macquarie.

Pages

100% Local Radio for Sittingbourne