Category : Sky news

Category : Sky news - Business

Microsoft snaps up Fallout creator for $7.5bn

Microsoft has agreed to buy the company behind hit games such as Fallout, Doom and The Elder Scrolls in a $7.5bn (£5.8bn) deal.The acquisition of ZeniMax will help Microsoft strengthen its Xbox vi...

Microsoft snaps up Fallout and Elder Scrolls creator for $7.5bn

G4S suitor seeks talks with Sharma over 'long-term' UK pledges

The Canadian security group which is mounting a hostile takeover bid for G4S, its larger UK rival, has asked for a meeting with ministers as it seeks to convince the government of its "long-term"...

Second wave jitters fuel 3% sell-off for FTSE 100 and hit pound

The FTSE 100 and the pound have come under renewed pressure as investors eye the prospect of tougher coronavirus restrictions returning across the UK and much of Europe.Market analysts pointed to...

£52bn wiped off value of FTSE 100 as second wave jitters take hold

The FTSE 100 has seen £52bn wiped off its value in a single day as markets plunged on fears of tougher coronavirus restrictions.London's leading share index plunged by 3.4%, or 203 points, as part...

British bosses take shot at Rajasthan Royals IPL franchise

A string of prominent executives are investing millions of pounds in an Indian Premier League (IPL) cricket franchise, underlining the burgeoning commercial appeal of the country’s fast-expanding...

Franchising 'ended' as government seeks new rail future

The Department for Transport (DfT) says rail franchising has been "ended" as it seeks a new model for the rail network in the wake of the coronavirus crisis.It was confirmed on Monday morning that...

Coronavirus: Ministers eye extension of insolvency measures

Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of...

Goldman snubs £2bn Darktrace float amid extradition fight

The Wall Street bank Goldman Sachs is to snub the £2bn flotation of one of Britain’s fastest-growing technology companies amid US prosecutors' efforts to extradite its biggest investor.Sky News ha...

Japanese tire of Kwik Fit as MOT points towards sale

Kwik Fit, one of Britain's leading tyre-fitting and automotive repair groups, is to be put up for sale by its Japanese owner almost a decade after it last changed hands.Sky News has learnt that It...

Banks in talks about joint recovery of £35bn Bounce Back Loans

Britain's biggest banks are in talks to set up a new vehicle that would take charge of recovering tens of billions of pounds of COVID-19 debts as lenders seek to avoid a public relations crisis wh...

The Crown Estate warns coronavirus will hit value of profits and property

The Crown Estate has said it expects the value of its profits and property to be badly affected by the COVID-19 pandemic.The news comes as the estate, which includes London's Regent Street, the Wi...

Ryanair cuts capacity again after 'government mismanagement of COVID travel policies'

Ryanair has blamed European governments for "continuous changes" in travel restrictions, as it announces a 20% cut in October capacity.It follows a another 20% cut announced last month, meaning th...

Retail sales volumes grow for fourth consecutive month but analysts warn of trouble ahead

Retailers continued their slow recovery during August, as sales volumes increased by 0.8% compared with July, according to the Office for National Statistics (ONS).The figures show August was the...

Spain's biggest bank created as merger announced

Caixabank has announced the terms of the acquisition of state-owned lender Bankia in a deal that will create Spain's biggest domestic bank.Caixabank said on Friday that its board had agreed the pr...