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Ikea fined and ex-executive handed suspended jail term in spying case
The French subsidiary of Ikea has been fined €1m (£861,000) and a former executive handed a suspended jail term over accusations that employees were illegally spied on for many years.Following a trial, Ikea France was deemed guilty of improper use of personal data in a case that dates back to 2012 when allegations were first …
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Ireland to impose tighter restrictions on British travellers amid Delta variant concerns
The Irish government is set to announce an increase to the self-isolation period for British travellers, going up from five days to 10.Under current rules, people arriving in Ireland from Britain must provide a negative PCR test result and then have to self-isolate at home, but can leave isolation after five days with a second …
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PM hails ‘new dawn’ as UK and Australia agree trade deal – with Britons under 35 able to travel and work there more freely
The UK and Australia have agreed a free trade deal, the first agreement negotiated from scratch after Brexit.Boris Johnson said the tariff-free deal, which Downing Street said will see British cars, Scotch whisky and biscuits and ceramics become cheaper to sell, marked a “new dawn” in the UK’s relationship with Australia. The prime minister added: …
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Premier League clubs report first fall in revenue due to pandemic
Coronavirus restrictions saw Premier League clubs report a fall in revenue for the first time, according to a report covering the 2019-20 season.Annual figures covering the 20 top-flight clubs’ performance off the pitch, produced by Deloitte’s sports business group, showed the lack of matchday spectators in the latter half as the pandemic first struck contributed …
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Number of payrolled employees still 553k down on pre-pandemic level
The number of people in payrolled employment remains 553,000 down on its pre-pandemic level despite a widespread easing in coronavirus restrictions, according to official figures.The early data from the taxman, published by the Office for National Statistics (ONS), showed 197,000 more people were on Pay As You Earn (PAYE) in May compared with April as …
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Sushi group YO! to change name ahead of float
The owner of the sushi restaurant chain YO! is changing its name to reflect the rapid growth of its US operations as it weighs plans for a stock market listing.Sky News understands that the group best-known in Britain for its sushi conveyor belts has appointed bankers at Numis to advise on its strategic options. The …
Business
Sky News
Serco sees profit boosted by more demand for Test and Trace services
Outsourcing giant Serco has upgraded its profit guidance as it sees more demand than it previously expected from its contract to run some of the government’s Test and Trace services.Shares rose 5% after the group said it now saw these services continuing for longer in the second half of the year than it had anticipated. …
Business
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Why Shell could be making $10bn exit from US shale operations
Life moves fast at Royal Dutch Shell these days.Just three weeks ago, the oil and gas giant was ordered by a Dutch court to cut its carbon emissions more rapidly than the company itself had been planning to. Shell’s chief executive, Ben van Beurden, responded last week with a promise that, although the company is …
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Stobart Air-owner to raise £120m from airport stake sale to Carlyle
The struggling parent company of Stobart Air, which collapsed at the weekend, is in advanced talks to raise £120m from the sale of a stake in London Southend Airport.Sky News has learnt that Esken Group has agreed a deal to sell a 30% interest in the Essex airport to Carlyle, the private equity giant. City …
Business
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COVID roadmap delay, online car auctions and the rise in restaurant meal kits
Ian King discusses the effect of the expected delay in the final easing of coronavirus restrictions. Plus, hear from a company that’s raised almost £50m to fund the expansion of its used car online marketplace, while we also look at the rise of restaurant meal kits.:: Listen and subscribe to The Ian King Business Podcast …
Business
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Businesses pleas for COVID taxpayer aid to be extended set to be rejected
Chancellor Rishi Sunak is set to reject calls to bolster taxpayer support for businesses in line with a delay to coronavirus Freedom Day, according to a Treasury source.PM Boris Johnson is tipped to confirm on Monday evening that the timing for an end to all COVID-19 restrictions will slip beyond the 21 June date originally …
Business
Sky News
Ted Baker puts brave face on pandemic sales slump
Ted Baker, the formal and occasion wear retailer, has reported a slump in annual sales during the coronavirus pandemic but argued it is now better placed to navigate continuing disruption.The fashion chain reported a deepening pre-tax loss of £107.7m for the year to the end of January on the back of a £77.6m sum in …

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