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Business News at Sky News

Friday, Apr 26

19

'Do you have any idea of the suffering you have caused?': Ex-Post Office boss accused of 'lying throughout' at inquiry

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A former top Post Office executive has denied lying "throughout" her two days of testimony at the inquiry into the Horizon IT scandal.

13

Superdry landlord M&G eyes challenge to rescue plan

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The owner of Superdry's flagship store in central London is weighing a challenge to a rescue plan that would impose steep haircuts on the struggling chain's landlords.

08

NatWest becomes latest UK bank to report sharp drop in profits

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NatWest Group has become the latest UK banking giant to report a sharp drop in earnings for the first three months of the year.

07

There's a new trade war brewing - over global dominance in the electric car market

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There's a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles.

04

Russia sanctions-busting? Big questions remain over UK car exports

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The extraordinary, unprecedented and largely unexplained flows of millions of pounds of British luxury cars into states neighbouring Russia continued in February, according to new official data.

Thursday, Apr 25

19

Double glazing giant Everest crashes into administration

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One of Britain's biggest double-glazing suppliers has crashed into administration, leaving insolvency practitioners engaged in a race to salvage hundreds of jobs.

18

Would nationalisation get the railways back on track?

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Labour have promised to renationalise nearly all passenger railways within their first term if they win the next election. But will it leave the railways better off?

17

'This isn't over': Unions vow to fight rejection of plan to save Tata Steel jobs

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Unions have warned of a bitter fight ahead after their plans to avert thousands of job losses at Tata Steel were rejected by the company.

14

Former Post Office complaints handler defends knowledge of Horizon failings

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A former top Post Office executive has told the Horizon scandal inquiry she never "knowingly" did anything wrong and did not remember a 2010 email saying that cash balances in sub-postmasters' branch accounts could be remotely accessed.

13

Barclays profits down amid sluggish mortgage demand

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Barclays has reported a 12% fall in profits for the first three months of the year after mortgage lending and deposits dipped.

Supercar maker McLaren hit by £375m impairment charge

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McLaren Group, the British supercar maker and Formula One team-backer, has given lenders signs of an improvement in its financial performance even after a £375m impairment charge propelled it to a record loss last year.

08

Sales down at Nestle after price hikes

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Nestle, the world's biggest packaged food company, has reported a fall in sales after hiking its prices.

Sainsbury's profits rise - as glitch hits online deliveries again

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Sainsbury's has claimed it is winning over customers from its rivals after reporting higher than expected profits.

Wednesday, Apr 24

00

Labour denies railways will be given 'lower priority' under renationalisation plans - as Tories warn of 'wildcat strikes'

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Labour has denied the railways will be given "lower priority" if they are brought back into public ownership as the party pledged to "sweep away" the current "broken" model.

23

Former England and Liverpool star banned as company director over unpaid taxes

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John Barnes has been banned as a director after his company failed to pay almost £200,000 in tax.

19

Meta shares take $125bn hit as Facebook owner raises spending forecasts

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Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year.

16

Ryanair sues over 'terrible' summer flight delays

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Ryanair is suing air traffic control body Nats over last summer's flight chaos when more than 700,000 passengers were hit by cancellations and delays.

Suez Canal traffic falls 66% after attacks on Red Sea shipping

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Shipping traffic through the vital Suez Canal artery has plunged by 66% since cargo was forced to divert due to attacks on vessels, according to official figures.

14

Tesla, Ryanair and Lloyds

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On today's episode, Ian King reveals Tesla's plans to introduce new vehicle models before the second half of next year as Elon Musk's company reports a dip in sales and net profits.

13

Heathrow strikes: Which airlines will be affected and when?

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Staff at Heathrow airport are set to strike on the early bank holiday in May, with their union warning planes could be "delayed, disrupted and grounded".

12

Premier League toasts £40m deal with new beer partner Guinness

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English football's top flight is toasting a £40m sponsorship deal with Guinness after the Diageo-owned brand saw off competition from Heineken.

10

Lloyds profits plunge by 28%

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Profits have plunged at Lloyds Banking Group in the wake of its record results last year.

08

'We aren't going anywhere' - TikTok vows court fight as new US law threatens to ban it

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TikTok has promised a court battle over a new law that threatens to ban it in the US - with the app's boss saying "we aren't going anywhere".

Tuesday, Apr 23

23

Post Office scandal extends 'greatly beyond Horizon' - victims' lawyer

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The post office scandal extends “greatly beyond” faulty Horizon software, according to a lawyer for victims.

21

FTSE 100 record highs do not reflect a recovery for UK PLC - here's why

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The FTSE 100 has hit a second all-time closing high in as many days.

16

Post Office boss Read led 'campaign to defame and ostracise me', ex-HR director claims

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A former HR director at the Post Office, whose misconduct claims against chief executive Nick Read were dismissed following an internal investigation, has written to MPs in a bid to plead her case.

15

Getir investors to fund European exit with new cash injection

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Investors in Getir, the grocery delivery app which at one point attained a valuation of almost £10bn, are to inject yet more money into the company to fund its exit from the UK and Europe.

Primark, borrowing and FTSE highs

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Associated British Foods, the parent company of Primark, says pre-tax half-year profits jumped by 37% in the six months to March.

13

Post Office described IT bugs as 'exceptions' to make them sound 'non-emotive'

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Senior figures at the Post Office began describing computer bugs as "exceptions" as they grappled with mounting complaints from sub-postmasters about its faulty Horizon IT system, it has emerged.

09

Government borrowing £6.6bn higher than forecast

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Doubts have been raised over the government's ability to unveil tax cuts ahead of the next general election after official figures revealed borrowing was higher than expected in the past year.