Category : Sky news

Category : Sky news - Business

Tesco recalls pastries over fears they contain metal and plastic

Tesco has recalled pastry products including sausage rolls and steak and ale pies over fears they may contain pieces of metal and plastic.The supermarket is recalling four products as they are "unsafe to eat". The items affected are:• S...

'Heightened recession risks' as economy on course for contraction, report warns

A closely-watched indicator of economic activity suggests the economy is on course to contract in the current third quarter of the year and warns of "heightened recession risks".A preliminary reading for the S&P Global/CIPS Purchasi...

Jailed crypto boss denied vegan food and is 'subsiting on bread and water'

Lawyers for the controversial cryptocurrency trader Sam Bankman-Fried have said he is subsisting on bread, water and peanut butter ahead of his fraud trial because the jail he is being held in has not provided vegan meals. Bankman-Fried...

WhatsApp messages land bank with £5.4m fine

A major US bank has been fined £5.4m by the UK's energy regulator for failures to record and retain communications between traders.Ofgem said that the penalty imposed on Morgan Stanley & Co International plc (MSIP) was the first of...

Car batteries repurposed to store excess national grid power

The UK's largest carmaker has announced plans to use old car batteries to store energy the national grid can't use and return it to the network at peak times.Jaguar Land Rover (JLR) is turning its used car batteries into what it says wi...

House prices fall - but rising cost of borrowing makes buying more expensive

Falling house prices and record wage growth has meant houses have become more affordable on paper, but the rising cost of borrowing has cancelled out any benefit.The cost of a typical UK home is 6.7 times average earnings, down from a p...

Amazon to add extra charge to certain Prime orders next month

Amazon Prime customers will face an extra charge on certain deliveries from next month.The retail giant said members will have to pay £1.99 for same-day delivery if their basket totals less than £20 - on top of their £8.99 a month subsc...

Ministers want Musk to attend flagship investment summit

The government is courting Elon Musk, the Tesla billionaire and owner of the social media platform formerly known as Twitter, to attend a flagship business summit in the autumn as they seek to bolster Britain’s claim to be a leading mag...

Microsoft concession might be enough to secure biggest gaming deal

Microsoft lashed out in April when the UK's competition regulator blocked the biggest gaming takeover in history.The tech giant suggested that the decision showed the UK was not a place to do business. But after the deal was approved in...

Microsoft in fresh bid to get Activision Blizzard takeover past UK regulator

The UK's competition regulator has launched a fresh investigation into Microsoft's proposed £55bn takeover of Call of Duty maker Activision Blizzard after the tech firm offered a new remedy in a bid to get the deal over the line.The Com...

Millions risk getting ill because they are 'too scared to put heating on'

It's likely millions of people risked getting ill by not switching their heating on during cold weather because of the rising cost of energy bills, a survey has found.Almost nine in 10 households tried to cut back on their energy usage,...

Arm Holdings set for blockbuster US flotation but value could yet prove too rich

The starting gun has been fired on one of the most eagerly anticipated stock market flotations of this – or, indeed, any - year.Arm Holdings, the UK-based chip designer, has filed for an Initial Public Offering (IPO) next month on the N...

Public finances hit by highest debt interest payments for any July

Government borrowing came in lower than expected last month despite a hit from the highest debt interest payments ever seen for the month of July.The Office for National Statistics (ONS) said the interest payable on central government d...

Bumper pay rises for top UK bosses - as details of five best paid listed

Bosses of some of the UK's biggest companies had their pay increased to 118 times the median wage of a full time UK worker, up from 108 times the average rate a year earlier.Median pay for chief executives of FTSE 100 share index compan...

Half of renters 'are only one paycheque away' from potentially losing their home, says housing charity

Half of private renters in England are only "one paycheque away" from potentially losing their home, a new study by Shelter has found.Some 51% of private renters surveyed by the housing charity were at risk of not being able to pay a fu...