Sky Business News

An HSBC-backed technology company which was in talks to raise funding at a valuation of over £1bn four years ago is to break itself up amid mounting losses.

Tesla has recalled more than 3,700 of its Cybertruck models following complaints that the accelerator pedal is at risk of getting stuck, US regulators have announced.

People who are fit to work but do not accept job offers will have their benefits taken away after 12 months, the prime minister has pledged.

There was a worse than expected performance for retail sales last month, defying predictions of a consumer-led pick up from recession for the UK economy.

Rishi Sunak is to call for an end to the "sick note culture" in a major speech on welfare reform - as he warns against "over-medicalising the everyday challenges and worries of life".

A sub-postmaster victim of faulty IT software Horizon was described as a "bluffer" when he alerted senior Post Office officials about bugs in the system.

Meta's AI has told a Facebook user it has a disabled child that was part of a New York gifted and talented programme.

Hundreds of UK partners at EY, the big four accountancy firm, have been warned of a potential slide in profits this year amid a wider slowdown in the professional services sector.

The average cost of car insurance in the UK is now more than £900 according to one comparison website - that up 43% over the space of one year. Ian's joined by Steve Dukes, Chief Executive of Confused.com to discuss what it means for premiums and payouts.

Ministers are to kick off a search for the inaugural chair of the new football watchdog, even as it faces growing hints of opposition to its establishment from the Premier League.

Crisis-hit Boeing has rushed to defend itself from fresh whistleblower allegations of poor practice, as the airline continues to grapple its latest safety crisis.

It's not quite a Mission Accomplished moment - the equivalent of that day in 2003 when George W Bush stood on an aircraft carrier and prematurely declared the Iraq war was over.

The Co-operative Bank will this week move a step closer to regaining its mutual status when it announces that it has struck a £780m deal to be bought by the Coventry Building Society.

The government has agreed to have an independent IT expert review of a Post Office software system predating Horizon, amid claims dozens more sub-postmasters may have been wrongly convicted.

Chancellor Jeremy Hunt has said that "better times are ahead" but that the fundamentals of the UK economy are "very strong".

Almost one million private renters in England have been handed no-fault evictions since the Conservative government promised to abolish them, new data has shown.

Calls made to an anti-slavery helpline have reached a record high, with the number of potential victims in the care sector rising by almost a third.

The new boss of BT Group is dusting off plans for a sale of its Irish corporate business four years after her predecessor called off tlls a deal.

The price of everyday things - mainly food - is now rising at the lowest level since 2021.  

The owner of Royal Mail has rejected an attempt by its biggest shareholders to take over the business but another bid is in the works.