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Ocado Retail celebrates record-breaking year driven by strong Christmas sales
Ocado Retail reported a significant surge in sales in the weeks leading up to Christmas, outpacing the broader market with double-digit revenue and customer growth. The company, a joint venture between Ocado and Marks and Spencer, announced a 17.5 per cent increase in revenue in the 13 weeks leading up to 1 December, according to …
Business
Sky News
Starbucks reverses store policy with UK impact unclear
Starbucks has reversed its North American policy allowing people to sit in stores and use the loo without buying anything. Patrons in the US and Canada now must buy something or leave. Starbucks did not respond to questions about the impact the policy change could have on its UK shops.Sky News asked if there was …
Business
Sky News
Calls for rent caps within tenancies
Campaigners are calling on the government to allow rents to be capped within tenancies as a key bill returns to the Commons.More than 30 MPs have backed an amendment to the Renters’ Rights Bill which, if passed, would restrict how much landlords can raise rents on sitting tenants by limiting percentage increases to inflation or …
Business
Sky News
Has Rachel Reeves crashed the economy?
👉 Listen to Sky News Daily on your podcast app 👈 Chancellor Rachel Reeves is not having the easiest time reining in the economy. Last week saw markets turn against Labour’s economic strategy – with the cost of government borrowing surging and the pound dropping to its lowest value against the dollar since November 2023. …
Business
Sky News
Starmer says Treasury will be ‘ruthless’ in cutting spending amid market turmoil
Sir Keir Starmer has said the Treasury will be “ruthless” in cutting government spending as market turbulence continues.Responding to a question about the economic situation from Sky News’ political editor Beth Rigby, he said: “The number one mission of this government is economic growth. “And that was run through the budget, but there’s much more …
Business
Sky News
FSB urges watchdogs to heed Starmer growth edict
Britain’s leading small business group has issued a clarion call to economic watchdogs to heed Sir Keir Starmer’s edict to tear up regulatory barriers to growth with a fresh list of demands for reform.Sky News has obtained a letter from the FSB to more than half a dozen regulators, including Ofgem and the Financial Conduct …
Business
Sky News
Revolut founder Storonsky lands £350m bonanza from digital banking giant
The billionaire founder of Revolut has reaped a £350m windfall from the disposal of shares in the fintech giant after the company extended a deal to allow existing investors to offload part of their holdings.Sky News has learnt that Nik Storonsky has sold well over $400m (£330m) of stock in the digital banking and payments …
Business
Sky News
Novelist opens up about mental health and financial difficulties – and one thing you can’t get a book deal without
Each Monday, our Money team speaks to someone from a different profession to discover what it’s really like. This week we chat to Lancashire-born author Katy Regan, whose five novels have been translated into multiple languages.People think my job is… Making up stories. They’re right – but sometimes it feels more like crafting a very difficult …
Business
Business Live
Morrisons support farmers as they urge Rachel Reeves to ‘see sense’ on inheritance tax
Morrisons has stepped up to champion the farming community by supporting the urgent call for overhauls to inheritance tax legislation on farms, in light of Rachel Reeves’ October Budget revelations. A LinkedIn video which went live on Saturday features Sophie Throup, Morrisons‘ head of agriculture, drawing attention to the company’s active advocacy, particularly after the …
Business
Sky News
Many young adults ‘unable to do basic DIY tasks’ – and it’s costing them a fortune
Young adults are hiring people to do basic DIY jobs such as changing a light bulb or cleaning their car, new research has found.One in five of those aged 18 to 27 surveyed by Halfords did not know what a spanner was, and nearly a quarter could not change a ceiling light bulb, often saying …
Business
Sky News
UK to ‘mainline AI in the veins’ under PM’s new plans
The government will “mainline AI into the veins” of the UK, with plans being unveiled today by Sir Keir Starmer.The prime minister is set to promise investment, jobs and economic growth due to a boom in the sector. It comes as his government battles against allegations they are mismanaging the economy and stymied growth with …
Business
Sky News
Chancellor facing ‘pressure’, but ‘people should give her time’, says top cabinet minister
The health secretary has said that the cabinet is aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a challenging broader economic picture – but appealed for the public to “give her time”.Wes Streeting argued that the public “underestimates” the “amount of heavy-lifting” Ms Reeves has had to do and will have …

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