Sky Business News
Getir investors to fund European exit with new cash injection
Investors in Getir, the grocery delivery app which at one point attained a valuation of almost £10bn, are to inject yet more money into the company to fund its exit from the UK and Europe.
Primark, borrowing and FTSE highs
Associated British Foods, the parent company of Primark, says pre-tax half-year profits jumped by 37% in the six months to March.
Post Office described IT bugs as 'exceptions' to make them sound 'non-emotive'
Senior figures at the Post Office began describing computer bugs as "exceptions" as they grappled with mounting complaints from sub-postmasters about its faulty Horizon IT system, it has emerged.
Government borrowing higher than forecast as doubts raised over pre-election tax cuts
Doubts have been raised over the government's ability to unveil tax cuts ahead of the next general election after official figures revealed borrowing was higher than expected in the past year.
'I owe them my life': Iceland boss praises paramedics after collapsing in London Marathon
Iceland's executive chairman has thanked paramedics who saved his life after he collapsed near the finish line of the London Marathon.
Supermarket price war leads to fall in grocery inflation
Promotional offers by supermarkets were a major factor behind a further easing of grocery inflation over the past month, according to industry data.
Gay dating app Grindr sued for allegedly sharing users' HIV status
Hundreds of users of the gay dating app Grindr have alleged the company shared their private information, including their HIV status, with third parties, a law firm said on Monday.
FTSE 100 hits new record high helped by five-month low for pound
The FTSE 100 has ended a long wait to achieve a new record high.
Asda growth dips and Thames Water invests
On today's episode of the Ian King Business Podcast, Asda's chief financial officer Michael Gleeson responds to a 2.2% like-for-like sales growth - a slow-down of the 2.8% reported in the previous quarter.
Kylie music label BMG in rival approach for Hipgnosis
The music giant which counts Kylie Minogue, Lenny Kravitz and Fatboy Slim among its roster of global artists has expressed an interest in buying Hipgnosis Songs Fund (HSF), the London-listed company.
Thames Water warns of even bigger surge in bills under new plans
The UK's biggest water company has put forward an investment offer that could increase customer bills even more than the 40% rise it already requested.
Train drivers at 16 rail companies to strike next month
Train drivers at 16 rail companies will stage a series of fresh strikes next month in their long-running pay dispute, the Aslef union has announced.
Asda profits up to £1.1bn in 2023
Profits at the UK's third-biggest supermarket chain grew 24% in 2023, topping more than £1bn in a year where households struggled with the cost of living.
Bidders off starting grid in race for go-karting group TeamSport
A pack of private equity investors have left the starting grid in a race to buy TeamSport, the pan-European go-karting operator.
Truss refuses to apologise for sparking mortgage rate rise - but admits one failing as PM
Liz Truss has acknowledged she and her government lost the confidence of financial markets following the mini-budget of October 2022 – but has refused to apologise to homeowners for higher interest rates.
Blackstone tunes up £1.2bn bid for Blondie music owner Hipgnosis
The private equity titan Blackstone is this weekend drawing up plans for a £1.2bn takeover bid for the owner of songs performed by Blondie, the Kaiser Chiefs and the Red Hot Chili Peppers.
Bitcoin's highly anticipated 'halving' event takes place
Bitcoin's rare halving event has taken place, according to crypto analysis firm CoinGecko.
Labour blames 'shoplifters' charter' for surge in retail crime
A "shoplifters' charter" has seen thefts rise significantly - to about one offence every minute - but police are charging fewer people, according to Labour.
UK rules out EU-wide deal on work and study visas for young people
The government has ruled out striking an EU-wide agreement on allowing an exchange of young people to work and study for extended periods of time.
Pension funds brace for £30bn hit from Gove leasehold reforms
Pension funds are braced for a hit worth tens of billions of pounds as Michael Gove, the levelling up secretary, tries to salvage his ambition of overhauling Britain’s centuries-old property leasehold system.