Business

The scandal-hit CBI, Britain’s biggest employers’ group, says it has passed fresh information to the police relating to a report of a “serious criminal offence”. The body said it was “liaising closely” with officers as it remains mired by allegations of historic workplace misconduct. They culminated in chief executive Tony Danker being sacked earlier this

Interest in new electric vehicles may be declining, data from the UK’s largest car sales website suggests. The volume of new electric car searches, ad views and messages to retailers on the Auto Trader platform was down nearly two thirds (65%) from the beginning of last year to March this year. Auto Trader has attributed

About 1,400 security officers at Heathrow Airport will strike for eight days next month. Unite said the staff will walk out from 4 to 6 May, 9 to 10 May and 25 to 27 May in a dispute over pay – causing “inevitable disruption and delays” to passengers arriving for the King’s coronation. The union’s

The recently sacked boss of the Confederation of British Industry (CBI) says his “reputation has been totally destroyed” following misconduct allegations. Tony Danker was sacked on 11 April – and three other employees suspended – by the business group after police launched an investigation into the allegations. The board of the CBI said Mr Danker’s

A former employee of a “sensitive government organisation” has appeared in court after allegedly risking national security by taking top secret data home. Hasaan Arshad is charged with an offence under the Computer Misuse Act after an investigation led by the Metropolitan Police Counter Terrorism Command. He spoke at the Westminster Magistrates’ Court, only to

Wages are rising but everyone is unhappy. That is because pay for workers is not rising quickly enough while policymakers are worried because pay is not slowing quickly enough. It encapsulates the problems facing the UK economy. While the government and the Bank of England are desperately trying to supress inflation, workers are fighting to

Sega Sammy, the gaming firm behind Sonic the Hedgehog, has agreed a deal to buy rival Rovio Entertainment – best known for Angry Birds. The pair confirmed that the Japanese firm would pay €706m (£625m) for Rovio just days after takeover talks were revealed. The acquisition comes as Sega seeks to accelerate its growth in

Air France and Airbus have been found not guilty of involuntary manslaughter over the crash of Flight 447 in 2009 that killed 228 people. The Airbus A330 was travelling from Rio de Janeiro to Paris when it crashed into the Atlantic Ocean during a thunderstorm in June 2009, killing people from 33 countries. Both Air

Barclays is joining the ranks of global investment banks taking the axe to jobs amid a slowdown in dealmaking and stock market flotations. Sky News has learnt that the British lender will this week cut more than 100 roles in its investment bank, with sources saying the layoffs would not be confined to a single

Royal Mail and the Communication Workers Union (CWU) have reached an agreement in principle amid a long-running dispute over pay and employment terms. In a joint statement with Royal Mail, CWU confirmed the agreement will now be considered by the executive of the union before it goes before the membership. The details of the proposed

The giant American financial investor Carlyle is in talks about a major investment in Manchester United Football Club as the auction of the Premier League side nears its concluding stages. Sky News has learnt that Carlyle is among a handful of parties which have pitched proposals to acquire a minority stake in the Old Trafford

Montana has passed a bill banning TikTok in the state. The state House voted 54-43 to pass the bill – which goes further than prohibitions in place in nearly half the states and the US federal government that prohibit the video-sharing app on government devices. The measure now goes to Republican Governor Greg Gianforte for

“We hope you prove us wrong.” “We’re very focused on proving you wrong.” The exchange between Jeremy Hunt and IMF managing director Kristalina Georgieva, captured by Sky News in Washington DC, tells you rather a lot about the Chancellor’s week here in Washington. This was Mr Hunt’s first International Monetary Fund meeting since taking on

The chancellor has told Sky News there is “no room for complacency” in tackling the UK’s economic problems after official figures revealed no GDP growth in February. But Jeremy Hunt said that while inflation was too high and growth too low, he was confident that his budget plans unveiled last month would help turn things

Jeremy Hunt struck an upbeat tone following the publication of the latest economic growth data for February. “The economic outlook is looking brighter than expected – GDP grew in the three months to February and we are set to avoid recession,” he said. In some respects he’s right. Even though the country was deep into

Andrew Bailey has called into question whether UK banks have large enough cash buffers to cope with crises similar to the recent run on Silicon Valley Bank. The Governor of the Bank of England (BoE) said last month’s turmoil, which led to the rapid takeovers of the bank’s US and UK arms, served as a warning

The UK economy flatlined in February, with no growth in GDP, according to official figures. Civil sector strikes and low energy consumption offset growth in areas such as construction, the Office for National Statistics (ONS) data showed. It followed growth of 0.4% in January and confirmation that the UK economy avoided recession in the second

The overall supply of candidates for jobs has increased for the first time in more than two years, a survey of recruiters suggests. While the rise in the availability of workers in March was “modest”, it marks the first such upturn in the UK since February 2021, a report from the Recruitment and Employment Confederation

The president of the CBI expressed doubts about the survival of Britain’s biggest business lobbying group if it had run a conventional process to recruit a new chief. Sky News has learnt that Brian McBride told a group of members on Tuesday afternoon that he was concerned that the CBI might not have withstood a

Thousands of UK Vodafone customers have complained after suffering from a broadband connection outage. Downdetector, a website where people can log outages, reported a peak of 2,820 people experiencing problems on Monday morning. Vodafone said in a post on Twitter: “We’re aware of and investigating an issue impacting some of our home broadband customers since