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Piers Morgan to leave Murdoch’s News UK in deal over YouTube venture
Piers Morgan, the broadcaster and journalist, is leaving Rupert Murdoch’s British empire to focus on expanding his Uncensored YouTube channel in the US and other international markets, underlining prominent media figures’ accelerating shift away from traditional outlets.Sky News can exclusively reveal that Mr Morgan and News UK – publisher of The Sun and The Times …
Business
Sky News
Food prices will rise due to budget tax hikes, retail body warns
Grocery shoppers are being warned of more hikes to food costs in the months ahead due to retailers passing on the cost of budget tax rises. The British Retail Consortium (BRC) warned that food prices will increase by an average of 4.2% in the latter half of the year – piling more pressure on households …
Business
Sky News
Rolls-Royce pours £300m into factory expansion to meet bespoke car demand
Rolls-Royce Motor Cars says a record £300m investment at its West Sussex factory base will help expand production of bespoke and electric models.The BMW-owned firm, like rivals in the luxury sphere, has enjoyed rising demand for personalised vehicles among its wealthy customer base. The carmaker said recent orders to complement its base models included 18-carat …
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Sky News
‘Music is back’ as Swift helps drive record UK sales
UK music sales hit a 20-year high of £2.4bn in 2024, helped by pop megastar Taylor Swift’s latest album, and driven by streaming and the vinyl revival, figures show.Revenues from recorded music reached an all-time high, more even than at the peak of the CD era, according to annual figures from the digital entertainment and …
Business
Sky News
‘Very, very, very simple questions’ unanswered by Shein at workers rights meeting of MPs
A representative for one of the world’s biggest fast fashion retailers, Shein was unable to answer questions from MPs over where it sources its cotton from. Shein’s general counsel for Europe Middle East Africa (EMEA) Yinan Zhu was asked if the company sells products containing cotton from China, mainly the region of Xinjiang, where China …
Business
Sky News
Blow to Treasury as long-term borrowing costs highest this century
UK long-term borrowing costs have hit their highest level since 1998.The unwanted milestone for the Treasury’s coffers was reached ahead of an auction of 30-year bonds, known as gilts, this morning. The yield – the effective interest rate demanded by investors to hold UK public debt – peaked at 5.21%.At that level, it is even …
Business
Business Live
Iconic motorcycle brand Triumph hit by China economic downturn and sterling slump
Triumph, the iconic motorcycle brand, has seen its profits stall due to an economic downturn in China and a drop in sterling’s value. The Derbyshire-based company, owned by billionaire John Bloor, reported a pre-tax profit of £72.6m for the year ending 30 June 2024, a slight increase from the previous year’s £72.3m. Recent filings with …
Business
Sky News
Growing threat to finances from rising bills
There is mounting evidence that consumers are facing hikes to bills on many fronts after Next became the latest to warn of price rises ahead.The homewares to fashion retailer said it was to implement an “unwelcome” 1% rise to prices this year to help it cover an anticipated £67m rise to its wage bills. It …
Business
Sky News
Higher prices for 2025 as Christmas trading fails to meet expectations – industry says
Shop prices will rise in 2025 as the key Christmas trading period failed to meet retailers’ expectations, according to industry data.Shop sales grew just 0.4% in the so-called golden quarter, the critical three shopping months from October to December, according to the British Retail Consortium (BRC) and big four accounting company KPMG. Many retailers rely …
Business
Sky News
UK bills could rise – as Europe’s gas consumption falls by ‘unprecedented’ amount
Here’s a quiz question: how much would you say the supply of non-Russian gas to Europe (including the UK) has gone up since the invasion of Ukraine?It’s a pretty important question. After all, in the years before the invasion, Russian gas (coming in mostly through pipelines but, to a lesser extent, also on liquefied natural …
Business
Business Live
Beano publisher recovers from £161m loss after axing hundreds of jobs
DC Thomson, the group behind iconic publications such as Stylist, Press & Journal, and The Beano, has rallied to a pre-tax profit of £93.8m for the year to 31 March 2024, bouncing back from a previous £161m loss. The firm’s latest accounts lodged with Companies House reveal that despite revenue dipping from £161.4m to £153.8m …
Business
Sky News
Budget blamed as job cuts hit ‘four-year high’ and price hikes loom
Businesses shed jobs at the fastest pace since January 2021 in December, according to a closely-watched survey of activity containing the latest evidence of a budget backlash.The S&P Composite Purchasing Managers’ Index (PMI) was published just hours after a warning from the British Chambers of Commerce (BCC) that more than half of firms were planning …

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