Category : Sky news

Category : Sky news - Business

Royal Mail workers to strike on 19 days over next two months

Royal Mail workers are to go on strike on 19 days over the next two months in a dispute over pay and conditions.The dates will be spread across October and November, the Communication Workers Union (CWU) said, and they will be a mix of...

Clear signal that Bank of England will raise rates even higher in November

Central bankers are often accused of speaking in code or of making Delphic pronouncements.William McChesney Martin, the longest-serving chair of the US Federal Reserve, was well known for it. So, too, was Paul Volcker, one of the greate...

City investors press TP Icap for £1.5bn Parameta windfall

TP Icap, the interdealer broker, is coming under intense pressure from City shareholders to break itself up in a move they believe could trigger a £1.5bn capital return.Sky News has learnt that a number of the company's most significant...

Starmer vows to create new publicly owned energy company - with a very patriotic name

Sir Keir Starmer has announced that a Labour government will create Great British Energy - a new, publicly owned company that will generate renewable sources "to cut bills, create jobs and deliver energy independence".The role of GB Ene...

Labour vows to create new publicly owned energy company - with a very patriotic name

Most energy suppliers are told to improve support for struggling customers as bills rise

The energy regulator has revealed that the vast majority of the country's energy suppliers have been told to make improvements in how they handle customers struggling to pay their bills.Ofgem said its review of supplier compliance found...

King Charles banknote design revealed by end of year - but when can you get your hands on the real thing?

Images of banknotes featuring a portrait of the King will be revealed by the end of this year - but the public won't be able to get their hands on the cash until 2024.Under the Bank of England plans, coins and banknotes featuring King C...

Mortgages withdrawn from sale as market reels after mini-budget

The market turmoil caused by Friday's seismic mini-budget has hit mortgage offerings as providers withdrew partial and entire lending ranges. Virgin Money and Skipton Building Society have temporarily withdrawn their entire mortgage pro...

Aldi promises to continue to offer lowest prices despite big drop in profits

Aldi has pledged to continue to offer the lowest grocery prices in the UK despite suffering a steep fall in profits.The supermarket chain's chief executive, Giles Hurley, told Sky News: "We've made a very clear commitment that we will a...

Boots executive Gourlay in talks to join Holland & Barrett owner LetterOne

A former executive at the owner of Boots is in discussions about joining the board of the Russia-linked vehicle which owns Holland & Barrett.Sky News has learnt that Alex Gourlay, who stepped down as co-chief operating officer of Wa...

Pound plunges, Italy moves to right and huge investment in electric vehicle chargers

The pound fell to an all-time low against the dollar, Giorgia Meloni looks set to become Italy's new prime minister and millions are being put into delivering on-street electric vehicle chargers.:: Listen and subscribe to The Ian King B...

OECD predicts $2.8trn hit to global economy next year with UK flatlining entirely

The global economy will suffer a $2.8trn (£2.6trn) hit next year in the wake of Russia's war in Ukraine, according to an international policy forum that is predicting zero growth for the UK.The Organisation for Economic Cooperation and...

Five reasons why the pound's 'doom loop' matters to you

The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in 1971, matters because of what it says about global market confidence in the UK economy.The plunge in sterling's valu...

'Doom loop' as pound is pounded: Five reasons why the currency slump matters to you

Nearly half of UK's offshore wind capacity owned by state-owned foreign entities

Nearly half of all the UK's offshore wind capacity is owned by state-owned or majority state-owned foreign entities, according to new analysis exclusively shared with Sky News.Denmark's Orsted, which is majority owned by the Danish gove...