Articles

UK airports warn to brace for Brexit impact

Growing uncertainty about an ‘open skies’ deal between the UK and European Union countries ahead of Brexit risks triggering a catastrophic slump in British air travel, according to the country’s biggest airports. Sky News has obtained a confidential report submitted to Government by Gatwick, Heathrow, London City, Manchester and …

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UK books back in black but debt costs soar

Chancellor Philip Hammond has received a boost from official data showing public finances posted their first July surplus for 15 years. The Government’s revenues outstripped its expenditure by £184m, the Office for National Statistics (ONS) reported. That compared to a deficit of £308m in the same month last year …

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Ex-BHS owner faces prosecution by regulator

The Pensions Regulator has said it will prosecute former BHS owner Dominic Chappell for failing to provide information and documents during its investigation into the collapse of the retailer. Mr Chappell was director and majority shareholder of Retail Acquisitions, the company that bought BHS for £1 from Sir Philip …

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Lidl tops Waitrose as shoppers hunt bargains

Lidl has overtaken Waitrose to become Britain’s seventh largest supermarket in the latest sign of belt-tightening shoppers turning to discounters. The German-owned business grew sales by 18.9% in the 12 weeks to 13 August, taking its market share to 5.2%, according to industry data from Kantar Worldpanel. That puts …

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Google's new mobile OS named Android Oreo

The new version of the Android mobile operating system has been called Oreo as Google continued its tradition of naming releases after confectionery. The software has followed the unusual naming convention since its third release, Cupcake, in 2009. Since then, Google has dubbed software releases: :: Donut:: Eclair:: Froyo:: …

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Super 6 – resales present perfect opportunity to step into a profitable franchise

For people looking to step into an established, profitable franchise, one of Home Instead Senior Care’s 6 territory resales represents a perfect opportunity to make money and make a difference to society at the same time. For some entrepreneurs, taking over an established business is more desirable than a …

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Total in multibillion North Sea oil deal

The Danish shipping conglomerate AP Moller-Maersk is selling its oil division, mainly comprising assets in the North Sea, to French giant Total for $4.95bn. Total will leapfrog BP to become the second largest offshore oil producer in the North Sea, after China National Offshore Oil Corporation (CNOOC), following the …

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Post-Brexit trade deals 'can improve security'

The man charged with helping to negotiate Britain’s free trade deals around the world post-Brexit has said the agreements can help improve global security. Crawford Falconer, who will work with International Trade Secretary Dr Liam Fox, said there was a “powerful political and security element to getting this right”. …

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Ofgem threatens to fine energy distributors

The UK energy regulator has said it is considering plans to cut the revenue of the UK’s six major electricity distribution companies by up to £13.9m due to poor customer service. Distribution network operators, or DNOs, are the companies tasked with managing the distribution of electricity from the National …

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Twitter backer IVP in talks with TransferWise

One of Silicon Valley’s top investment firms is in talks to buy a stake in TransferWise, the digital payments app, cementing its status as one of Britain’s most promising technology start-ups. Sky News has learnt that IVP, whose roll-call of deals includes Snapchat parent Snap, Twitter and Netflix, is …

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Jackson Hole anticipation ramps up in the City

Decided what you’re doing for the long Bank Holiday weekend? Plenty of market-watchers already know. For weeks, now, they have had the date inked into their diaries. Because next weekend sees the annual economics symposium at Jackson Hole, Wyoming, at which the world’s two most important central bankers – …

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