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27.10.2024 - 11:32
Business
Sky News
Interpath chair to step down over Deloitte ‘audit conflict’
A former chair of one of Britain’s biggest auditors is to step down as chairman of Interpath, the independent advisory firm, because of a potential conflict of interest involving its private equity backer’s choice of auditor.Sky News has learnt that Interpath, which has been engaged by billionaire Sir Jim Ratcliffe on his cost-cutting campaign since …
27.10.2024 - 08:30
Business
Business Live
City firms fail to act on half of bullying and harassment cases, FCA survey reveals
A survey conducted by the City regulator, the Financial Conduct Authority (FCA), has revealed a significant increase in non-financial misconduct at firms. However, the data strikingly shows that over half of these cases were not acted upon following investigations. The FCA has described its survey, which involved more than 1,000 companies, as a “significant step” …
26.10.2024 - 10:47
Business
Sky News
Government to trumpet £500m bills aid from energy suppliers amid winter fuel row
Britain’s biggest energy retailers have told ministers that they will provide more than £500m of extra help for households as the government tries to deflect criticism over the winter fuel payments row.Sky News has learnt that EnergyUK, the industry body, is planning to make a joint announcement with the Department for Energy Security and Net …
26.10.2024 - 10:00
Business
Business Live
Dad creates ‘The most inclusive doughnuts in the UK’ so children with allergies don’t miss out
Ryan Panchoo says seeing his young children miss out on treats because of their allergies left him heartbroken – so he started a business to make what says are the ‘most inclusive doughnuts in the UK’. CEO and Founder of Borough22 Doughnuts, Ryan , began the company after both of his children, then two and …
26.10.2024 - 07:28
Business
Sky News
Premier League to debate new EFL settlement as regulator looms
The Premier League is drawing up plans to present its clubs with fresh proposals for a financial settlement with the English Football League (EFL) as soon as next month.Sky News has learnt that a meeting of the top flight’s shareholders on 22 November is expected to include a discussion on a range of new offers …
25.10.2024 - 23:01
Business
Sky News
Employers’ national insurance hike expected as Labour ‘ask businesses to help out’
The amount employers pay in national insurance is set to rise in next week’s budget to raise money for public services, Sky News understands.Reports have suggested it could be increased by up to two percentage points and will – in part – be used to help fund the NHS. A government source told Sky News: …
25.10.2024 - 15:00
Business
Sky News
Outsourcing giant Mitie kicks off hunt for new chairman
Mitie Group, the London-listed outsourcer, has kicked off a search for a successor to Derek Mapp, its long-serving chairman.Sky News has learnt that the FTSE-250 company is working with the search firm MWM Consulting on a hunt for Mr Mapp’s replacement. Potential candidates have started being sounded out in the last few weeks, according to …
25.10.2024 - 10:05
Business
Business Live
UK pubs and breweries face potential £310m financial hit post-Budget, warns BBPA
Pubs and breweries across Britain may be hit with a potential £310m increase in expenses following the Budget, as the British Beer and Pub Association (BBPA) has cautioned Chancellor Rachel Reeves against the impact of heightened business rates and beer duty. With the industry accounting for one million jobs, the BBPA emphasized the severe implications …
25.10.2024 - 06:40
Business
Sky News
UK’s biggest water company secures financial future – for next year at least
Thames Water has secured a £3bn injection to avoid running out of cash.There were fears the UK’s biggest water supplier, which serves 16 million customers, could have run out of money by Christmas. But the cash injection secures its financial future for at least the next year, or possibly until the end of May 2026.The …
25.10.2024 - 00:00
Business
Sky News
Government spending plans not enough to stop falling public investment
The chancellor will need to spend an extra £20bn by the end of the parliament to maintain public investment at its present levels.Rachel Reeves has promised to unveil a “budget for investment” next week, while reversing the “years of underinvestment” overseen by the previous Conservative government. However, this would involve taking on billions of pounds …
24.10.2024 - 13:06
Business
Sky News
Chancellor to change public finance rules to borrow more for investment
Rachel Reeves will rewrite the government’s fiscal rules in next week’s budget to allow her to increase borrowing for public investment by around £50bn.Speaking to Sky News in Washington DC, the chancellor said that the self-imposed rule under which borrowing must be falling by the fifth year of economic forecasts will be redefined from the …
24.10.2024 - 11:39
Business
Sky News
Ministers to kick off fresh search for £130,000-a-year football referee
The government will begin a fresh search for a chair of the new football watchdog later this week after curtailing an earlier hunt when the legislation required to establish it was stymied by the general election.Sky News has learnt that the post will be re-advertised on Friday after names such as those of Gordon Brown, …
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