Sky Business News

Subscribe to Sky Business News feed Sky Business News
Updated: 2 hours 36 min ago

Thames Water seeks court approval for emergency bailout

Mon, 16/12/2024 - 15:30
Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for the company and the industry.

New Royal Mail owner's Russian ties to come under greater scrutiny

Mon, 16/12/2024 - 12:23
The Royal Mail group is on its way to passing into foreign ownership, but the state will keep a "golden share" in the company.

NatWest retail banking chief Lindberg to step down next year

Mon, 16/12/2024 - 12:22
The boss of NatWest Group’s high street branch network is to step down early next year as the company prepares for a return to full private sector ownership.

Money Problem: 'I was overpaid £560 - can I keep the money?'

Mon, 16/12/2024 - 12:05
Every week in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what they have to do if they are overpaid.

Post Office accused of 'profound evil' by IT inquiry lawyer

Mon, 16/12/2024 - 11:50
"The evil the Post Office did was profound", a lawyer has told the Horizon IT scandal inquiry while describing a "deliberate conspiracy" and "cover up".

Royal Mail takeover by Czech billionaire approved

Mon, 16/12/2024 - 06:18
The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved by the government.

Five charts that explain why water bills are about to go up

Mon, 16/12/2024 - 02:52
This is a crucial week for the water industry.

Grant Thornton partners back stake sale to buyout firm Cinven

Sun, 15/12/2024 - 09:57
UK-based partners at Grant Thornton, the accountancy firm, have voted to back the sale of a majority stake to Cinven, the private equity firm.

NatWest to hike chief's pay as bank returns to full private ownership

Sat, 14/12/2024 - 09:37
NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17 years in state hands.

Labour's promise to turbocharge economic growth has already hit trouble

Fri, 13/12/2024 - 18:40
The prime minister and chancellor were in lockstep as they reacted to Friday morning's GDP figures.

Boots bidder lines up banks to finance $10bn takeover deal

Fri, 13/12/2024 - 16:22
The private equity firm circling Boots the Chemist's parent company is lining up financing from a syndicate of banks for a prospective $10bn-plus takeover deal.

Tube and rail fares in London to rise next year

Fri, 13/12/2024 - 15:21
Tube and rail fares in London will go up by 4.6% from next March, the capital's mayor has said.

IT refurbisher Reconome lands £3m funding from Daily-Dose backer

Fri, 13/12/2024 - 10:52
A certified B Corporation company which repurposes electronic equipment to benefit schools and charities has landed more than £3m in funding from a leading start-up investment group.

Fintech Demica swallowed by American giant FIS in $300m deal

Fri, 13/12/2024 - 10:47
Another leading technology company is being swallowed up in a transatlantic takeover that will underline the scale of the raid on some of Britain's most promising businesses.

British hedge fund manager given 12-year jail term in Denmark over £1bn tax fraud

Fri, 13/12/2024 - 09:27
A British hedge funder trader has been sentenced to 12 years in prison in Denmark over a £1bn tax fraud.

Royal Mail fined £10.5m after missing delivery targets

Fri, 13/12/2024 - 07:12
Royal Mail has been fined £10.5m for missing postal delivery targets.

Economy in shock decline during October

Fri, 13/12/2024 - 05:52
The economy remained in reverse gear during October, according to official figures covering the month ahead of the government's first budget.

Deeper story behind UK's fragile food security can be traced to demise of farming's golden age

Fri, 13/12/2024 - 04:00
It might be tempting, given how much coverage has focused on it recently, to assume the forthcoming changes to the inheritance tax regime are the single biggest issue facing farmers these days.

Major shake-up of UK energy system could 'lower bills for good', government says

Thu, 12/12/2024 - 17:02
Plans to "green" the UK's power system will protect consumers from future energy crises and has the potential to "bring down bills for good", the government has said.

Telegraph hands out bonuses as ownership uncertainty drags on

Thu, 12/12/2024 - 16:42
The Daily Telegraph's publisher is to hand hundreds of staff a £500 bonus this month as uncertainty over its ownership looks set to stretch into a third calendar year.

Pages

100% Local Radio for Sittingbourne