Category : Sky news

Category : Sky news - Business

Murdoch's resignation may be a turning point for his family's real-life succession drama

Rupert Murdoch's resignation as chairman of Fox and News Corporation brings a formal end to a 70-year career that brought him huge commercial success, profound political influence and deep controversy.A disruptive and divisive figure, M...

Co-op stores take £33m hit in just six months as shoplifting cases surge

Co-op's food business lost £33m in the first six months of this year as shoplifting cases hit a record high.Executives have warned shop looting perpetuated by prolific offenders and organised criminal gangs "is becoming genuinely one of...

Interest rate frozen - but it'll still be painful if you have a mortgage

It is arguably the most exciting non-event in recent economic history.For 14 successive monetary policy meetings, the Bank of England raised its official interest rate - all the way from 0.1% up to 5.25%. Today, for the first time since...

Ryanair and airport blame each other after passenger in wheelchair left behind

Ryanair and a French airport have criticised each other after a plane bound for Scotland was forced to U-turn on the runway after it was discovered a passenger in a wheelchair had been left behind.The budget airline blamed Bordeaux Airp...

Next raises profit outlook again as sales and cost pressures prove better than expected

Next, the fashion to homewares retailer, has raised its annual profit expectations for the third time in four months after sales and costs came in better than expected during the first half of its financial year.The high street bellweth...

US interest rates held - amid signs UK could follow suit

The Federal Reserve - the US central bank - has opted not to increase its base interest rate but did not rule out further hikes as, it said, the full effect of rises has not been felt. Ahead of the UK's own knife-edge interest rate deci...

Hundreds of people on waiting lists for homes in 'most expensive' city for renters outside London

"For every property we put on, we tend to find about 60 leads overnight."Adil Ayub has been an estate agent in Bristol for more than 20 years. We meet him and his colleagues as they open shop in St Werburgh's, in the northeast of the ci...

Shock inflation fall, interest rate predictions and climate handbrake turn

Ian King has the latest analysis on the shock fall in inflation with our economics and data editor, Ed Conway.But what does that mean for interest rates? We get the view of Melissa Davies from Redburn Atlantic. Ian's also speaking to Mi...

NatWest weighs rejoining CBI amid rescue funding talks

The high street lender NatWest Group is considering rejoining the CBI as it weighs taking part in a rescue funding package to salvage the business group’s future.Sky News has learnt the prospect of the CBI re-engaging with the governmen...

Caution important despite government confidence over inflation surprise

Amid the gale raging both literally and figuratively around Downing Street this morning over the government's green policies, a ray of sunshine has arrived from an unexpected source - inflation.Experts had predicted the figure for Augus...

Buyout rivals join race to buy The Body Shop

Two British-based investors have joined the race to buy The Body Shop as its Brazilian owner tries to offload the ethical cosmetics chain.Sky News understands that Alteri Investors, which has owned UK-based retailers including Bensons f...

Elon Musk's brain chip firm given all-clear to recruit for human trials

A brain chip company owned by Elon Musk has said it has received permission to start recruiting for human trials.Neuralink has created an implant designed to let people control a computer mouse or keyboard with their thoughts. It would...

Carmakers' anger over climate handbrake turn is not just hot air

Pushing back the ban on new petrol and diesel cars from 2030 to 2035 is an unwelcome handbrake turn for an industry that has poured billions of pounds into preparing for a target that, until now, the government has insisted was non-nego...

Carmakers' anger over possible climate handbrake turn is not just hot air

Pushing back the ban on new petrol and diesel cars from 2030 to 2035 would be an unwelcome handbrake turn for an industry that has poured billions of pounds into preparing for a target that, until now, the government has insisted was no...

Private rental costs accelerate across Britain - while house price growth declines

Private rental bills stood at a new record high for a 17th consecutive month in August, according to official figures charting continued growth across Britain.The Office for National Statistics (ONS) measured rental prices rising at a r...