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Deliveroo executive French to leave as board weighs CEO succession
One of Deliveroo’s top executives is to leave the company as its board weighs a succession plans for its founder and CEO, Will Shu.Sky News has learnt that Eric French, the food delivery service’s chief operating officer since 2021, has told colleagues that he will step down later this year. His departure has yet to …
Business
Sky News
Surprise growth for UK economy at end of 2024
The UK economy grew fractionally during the final three months of 2024, according to early official figures, which ease the immediate risk of a recession.The Office for National Statistics (ONS) reported a 0.1% rise in gross domestic product (GDP) during the fourth quarter, with only a recovery for growth in Christmas spending and manufacturing during …
Business
Business Live
Ex-RBS chief Ross McEwan lands top job at mining giant BHP
Mining conglomerate BHP has confirmed the appointment of ex-RBS chief Ross McEwan as chairman, succeeding Ken Mackenzie who is set to retire at the end of March. As reported by Reuters, McEwan will be responsible for selecting the mining behemoth’s next CEO and may revisit plans to acquire rival mining company Anglo American, following a …
Business
Sky News
Abercrombie & Fitch boss ‘appalled and disgusted’ by Jeffries sex trafficking claims
The boss of Abercrombie & Fitch (A&F) has said she is “appalled and disgusted” by the sex trafficking claims against her predecessor Mike Jeffries.Fran Horowitz, who has led the US-based company since the departure of Mr Jeffries, signalled in an interview with Sky News that A&F had examined and transformed its culture since the scandal …
Business
Sky News
Crisis-hit Thames Water investigated over late delivery of environmental schemes
Thames Water is being investigated over late delivery of environmental improvement schemes, the industry regulator has announced.Ofwat said the enforcement case against the company, currently fighting to secure its financial future amid a £19bn debt pile, aimed to determine whether it had breached its legal obligations. The watchdog said that Thames Water itself had been …
Business
Sky News
Third runway by 2035 with no public money needed, Heathrow boss says
Heathrow’s boss has told Sky News of his hopes a third runway can be built by 2035, declaring it will not need public funding.Thomas Woldbye was speaking as the UK’s biggest airport announced a “once-in-a-generation investment”, beginning this year, to improve existing terminals and boost passenger numbers. The development is separate from a new runway …
Business
Sky News
Deliveroo plots route to naming successor to founding CEO Shu
The entrepreneur who masterminded Deliveroo’s evolution into one of Britain’s biggest consumer technology businesses is preparing to hand over the reins to a new chief executive.Sky News has learnt that Will Shu, who set the company up in 2013 and participated in its delivery service himself, is contemplating stepping back as CEO as soon as …
Business
Business Live
AIM-listed firms accused of having ‘head in the sand’ as number of women in top roles stalls
AIM-listed companies have been criticised for their lack of action in promoting gender diversity on their boards, as new research reveals a stagnation in female representation. The annual gender diversity report from Addidat and Indigo Independent Governance shows that the proportion of women holding directorships in AIM companies has remained at one in six over …
Business
Sky News
Octopus Energy wades into battle for Thames Water’s future
Octopus Energy Group is wading into the battle for the future of Britain’s biggest water company as part of a consortium which includes the French infrastructure giant Suez.Sky News has learnt that Octopus Energy – which recently overtook British Gas as Britian’s biggest household gas and electricity supplier – has struck an agreement that would …
Business
Sky News
OpenAI co-founder responds to Musk’s huge overnight bid – and it’s not good news for tech mogul
OpenAI’s chief executive and co-founder has told Sky News that his platform is “not for sale” after a group led by Elon Musk launched an unsolicited $97.4bn (£78.7bn) bid overnight. Sam Altman, who is attending the Paris AI Summit with world leaders, was asked whether he can still afford OpenAI after Mr Musk’s bid. “The …
Business
Sky News
‘This is a big deal’: US levies 25% tariffs on all steel and aluminium imports
Donald Trump has signed two proclamations imposing 25% tariffs on all steel and aluminium imports to the US.A proclamation is a form of presidential directive to government officials, but they do not carry the force of law, as an executive order would. However the White House has said the tariffs will take effect from 4 …
Business
Sky News
Gas prices at a two-year high, putting pressure on already expensive energy bills
British wholesale gas prices have reached a more than two-year high, risking yet more expensive energy bills.Low rates of gas storage in Britain and across Europe, combined with cold weather, have increased demand for gas to heat homes. It’s brought the price up to 140 pence a therm (a unit of heat used to measure …

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