Category : Sky news

Category : Sky news - Business

Inflation figures may shift dynamic in cost of living crisis but rate rise still likely

The headline numbers don't do justice to the significance of the inflation data.On the surface, this only looks like a small fall, with the consumer price index (CPI) dropping from 6.8% in July to 6.7% in August. So what, you might ask?...

UK inflation unexpectedly eases

The rate of inflation has eased slightly to 6.7% confounding the predictions of economists that it would rise.The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed in the 12 months to August, from...

Rail company contract renewed despite 'disastrous' delays and cancellations

Avanti West Coast has had its contract renewed to operate its UK rail routes, despite issues with delays and cancellations.Both Avanti and another operator, CrossCountry, were awarded agreements lasting up to nine and eight years respec...

Cazoo bondholders take steering wheel with $630m debt-for-equity swap

Lenders to Cazoo, the British-based online car retailer, will take control of the company’s shares as part of a deep financial restructuring expected to be announced within days.Sky News has learnt that Cazoo was on Tuesday putting the...

Controversial Online Safety Bill to become law

The Online Safety Bill has passed its last parliamentary hurdle in the House of Lords, meaning it will finally become law after years of delay. The flagship piece of legislation will force social media firms to remove illegal content an...

CBI acknowledges financial distress and postpones crunch AGM

The CBI, the ailing business group, has acknowledged its financial travails for the first time as it postponed what was set to be a crucial annual meeting this week.Sky News has seen a message from the CBI to members which admitted it h...

Co-op bank bid, farmers ask for support, and ex-BoE governor on inflation

Today on the podcast we hear insights on everything from inflation and the markets, to farmers, food production and potential bank takeovers.Ian King speaks to Guy Singh-Watson from organic farm and delivery firm Riverford about an appe...

Motorists 'in for a hard time at the pumps' as oil prices surge

Motorists are being warned of rising fuel costs as global oil prices reach a 10-month high.Petrol prices have already reached the highest UK average since December last year at 155.5p a litre - and they are 10p more than the beginning o...

B&Q owner and Lloyds urge Hunt to hand out 'rebate to renovate'

Britain's biggest high street bank and the owner of DIY retailer B&Q are among a group of companies urging Jeremy Hunt to support the energy transition by overhauling the stamp duty regime for housebuyers.Sky News has learnt that Ll...

Aldermore hires advisers to plot raid on Co-operative Bank

Aldermore Group, the mid-sized consumer and business lender, has hired advisers to plot a takeover of the Co-operative Bank.Sky News has learnt that Aldermore, which is itself owned by South Africa's FirstRand Group, is working with inv...

UK forecast to have highest inflation rate among G7 nations

The UK economy will have the highest inflation rate among the world's richest nations this year, according to new forecasts.The Paris-based Organisation for Economic Co-operation and Development (OECD) said in its interim economic outlo...

How YouTube's top stars like Russell Brand can make millions of pounds from their videos

YouTube is big business - not just for Google, but the creators who produce videos for it as well.The online video platform has two billion users, boasts annual revenue of almost $30bn (£24.2bn), and its best paid stars make tens of mil...

Chancellor offers olive branch to ailing CBI business group

The chancellor has offered an olive branch to the CBI, the stricken business lobbying group, by agreeing to meet its boss for the first time since a sexual misconduct scandal erupted in the spring.Sky News has learnt that Jeremy Hunt ha...

Scottish football team jokingly accuse Elon Musk of 'stealing' their logo

A Scottish amateur football club is urging Elon Musk to join the squad after jokingly accusing the billionaire of "stealing" the team's logo.Haddington Town AFC has pointed the similarities between the football club's crest and a logo f...

Truss makes major speech on economy, recession fears and software company Bango has good year

Ed Conway joins Ian King for analysis of former prime minister Liz Truss' speech on the economy - her first since leaving office. Ian also talks to Sir Martin Sorrell about recession fears making advertising clients nervous and Paul La...