Business

Manchester United’s American owners have confirmed they could sell the club as they explore “strategic alternatives” to boost its sporting and commercial success. It comes after Sky’s City editor Mark Kleinman exclusively revealed the Glazer family were preparing to announce the news and were already being advised by bankers. Fans of Manchester United have long

A fresh round of rail strikes in the run-up to Christmas and in the New Year have been announced. Workers are to stage a series of 48-hour strikes in December and January in the long-running dispute over pay, jobs and conditions, the Rail, Maritime and Transport Workers (RMT) union said. Over 40,000 members across Network

Shell will review £25bn of investments in British projects after the chancellor extended the windfall tax on energy companies, its UK chairman has told Sky News. David Bunch said the oil giant would re-examine each of its projects on a “case-by-case basis” after Jeremy Hunt increased the levy on “excess” oil and gas profits from

UK firms should be “looking to the British workforce” rather than relying on immigrants to fill jobs post-Brexit, a minister has said. At its annual conference, the director general of the Confederation of British Industry (CBI), Tony Danker, called on the government to use immigration to solve worker shortages in the UK, saying it must

A venture capital fund backed by the advertising mogul Sir Martin Sorrell will this week unveil its first public investment in a US digital asset management platform. Sky News understands that S4S Ventures, which was set up this year by Sir Martin and Stanhope Capital Group, are jointly leading a $10m Series B fundraising by

A challenger bank specialising in green finance has poached its new finance chief from a rival as it seeks to accelerate its growth in a challenging economic environment. Sky News understands that David McCarthy, who resigned after eight years as chief financial officer of Atom in September, is joining Tandem Bank in the same role.

A multimillion-pound payout to Jacob Rees-Mogg, the former business secretary, is in jeopardy amid faltering talks about a sale of the asset management business he cofounded. Sky News has learnt that negotiations between Somerset Capital Management, in which Mr Rees-Mogg is a substantial shareholder, and prospective buyer Emso Asset Management have stalled in recent weeks.

Banksy has accused US fashion retailer Guess of stealing his work, encouraging shoplifters to head to their flagship Regent Street store in central London and “help themselves” to the clothes. The anonymous graffiti artist shared an image of the shop’s front window with his 11.6 million Instagram followers, showing items of the capsule collection inspired

Brexit, slashing investment and Liz Truss’s mini-budget are among the “own goals” that have led to the UK’s dire financial straits, according to a top economist. Paul Johnson, the director of the Institute for Fiscal Studies (IFS), has been speaking about what left the UK in a position where yesterday’s autumn statement – that will

The UK’s economic outlook will be “challenging” for the next two years, Jeremy Hunt says. The chancellor presented his autumn statement to parliament on Thursday, littered with stealth taxes and curbs on government spending amounting to £55bn in an attempt to plug the black hole in the public finances. But the independent Office for Budget

Why energy shares didn’t suffer in response to windfall tax expansion Ian King Business presenter @iankingsky During recent days there have been suggestions in the stock market that investors were being too pessimistic about the windfall taxes likely to be lumped on electricity generators. Happily, for shareholders of those companies, that has proved to be

Millions more Britons will pay more tax as Jeremy Hunt cut the top-rate of tax threshold and announced freezes on several other taxes in his autumn statement. The total amount of savings from the autumn statement has been costed at £55bn, through tax rises and cutting government spending. However, in real-term costs, UK households’ disposable

A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns. The government has said Nexperia must reduce its stake in Newport Wafer Fab by 86%, back to its previous holding of just 14% when it took over the firm in 2021,

The cost of milk, cheese and eggs has risen at the fastest rate in 45 years, helping drive overall inflation to its highest level in four decades. Earlier today it was announced there has been a higher-than-expected leap in the rate of inflation, taking it to 11.1% last month. Increases across a range of items

The Chinese owner of Thomas Cook is exploring the sale of a stake in the famous British holiday brand three years after its ignominious collapse. Sky News has learned that Fosun Tourism Group is examining options including raising capital from an outside investor in the coming months. Industry sources said on Tuesday that Fosun was

Wage growth picked up by more than expected over the three months to September, according to official figures also showing a rise in the jobless rate. The Office for National Statistics (ONS) said average weekly earnings, excluding bonus payments, rose at an annual rate of 5.7% during the three months to September as more workers

The Bank of England Governor has denied having any part in the downfall of Liz Truss. In an interview with Sky News, Andrew Bailey said that he “vehemently disagrees” with allegations that the Bank‘s actions precipitated the departure of the former prime minister. It followed claims from Narayana Kocherlakota, the former president of America’s Federal

The parent firm of fashion retailer Joules and The Garden Trading Company is on the brink of collapse after a failure to secure new investment, it has been announced. Joules Group, which has around 1,600 staff, revealed it was to file a notice of intention to appoint administrators and had requested the suspension of trading

The high street empire founded by Mike Ashley is close to agreeing a deal to buy the stricken Savile Row tailor Gieves & Hawkes. Sky News understands that Frasers Group is in advanced talks to buy the brand, which was put up for sale earlier this year after its Hong Kong-based owner collapsed into liquidation.

Chancellor Jeremy Hunt has warned there will be no rabbits in the upcoming budget, describing himself as “Scrooge who is going to do things that make sure Christmas is never cancelled”. Mr Hunt spoke to The Sunday Times ahead of Thursday’s autumn statement, which is likely to see a number of tough measures taken to