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Banks defend digital banking investment as payday glitch chaos strikes again
The banking sector is “investing heavily” in digital platforms, according to the body which represents the country’s lenders as many face a backlash over the latest payday glitch chaos to hit customers.Millions were exposed on Friday to varying challenges from slow app or online banking performance to being blocked out of their accounts altogether. Users …
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Sky News
Trump’s China tariff escalation spooks global markets
Donald Trump’s threats of additional trade tariffs against China, on top of the 10% hike imposed earlier this month, have contributed to a widespread stock market sell-off.Sentiment was already sour on the tariff front, given the spectre of 25% import duties being slapped on the EU, before the US president confirmed his intention to target …
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Sky News
Donald Trump opens door to US-UK ‘real trade deal’ in meeting with Starmer
Donald Trump has opened the door to a possible US-UK trade deal without tariffs after a meeting with Prime Minister Sir Keir Starmer.As part of a European charm offensive launched to secure a lasting peace in Ukraine, following on from French President Emmanuel Macron’s own trip on Monday, Sir Keir met the US president at …
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Sky News
Disgraced former Co-op Bank boss jailed for three years
The disgraced former chair of the Co-op Bank, Paul Flowers, has been jailed for three years on fraud charges.The 74-year old, who was forced out of the lender in 2013 amid claims of inappropriate expenses and illegal drugs allegations, admitted 18 counts of fraud worth nearly £100,000. Flowers, also a former Methodist minister, committed the …
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Sky News
Ex-Manchester United chief Woodward pitched Eagle Football role
Ed Woodward, the former Manchester United chief, has been approached about joining the vehicle which owns stakes in clubs including Crystal Palace and Olympique Lyonnais.Sky News has learnt that Mr Woodward, who left Old Trafford in 2022, a year after United’s involvement in the ill-fated European Super League project, is being lined up as an …
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Business Live
Serco reports 10% jump in operating profit despite £115m charge
Serco, the global provider of public services, has reported a revenue of £4.8bn for 2024, in line with previous guidance, due to significant organic growth, particularly in its North American Defence business. The company’s underlying operating profit grew by 10 per cent to £274m, with a substantial 30 per cent increase in the second half …
Business
Sky News
Nvidia signals strong AI chip demand despite DeepSeek threat
Nvidia has signalled no drop in demand for its flagship chips among big artificial intelligence (AI) spenders despite the low-cost challenge posed by Chinese rival DeepSeek.The leading AI chipmaker said it expected Blackwell sales to continue to grow after its latest earnings beat market expectations. Nvidia forecast revenue of around $43bn (£34bn) for its first …
Business
Sky News
Gatwick second runway supported but decision deadline extended
The government has signalled that plans to bring a second runway at Gatwick into regular use will get the green light if environmental conditions are met.Transport Secretary Heidi Alexander said she was “minded to approve” the airport’s plans but the deadline for a decision had now been pushed back until the end of October. The …
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Sky News
Heathrow in talks with airlines about terminal shake-up
Heathrow Airport is in talks with scores of airlines including British Airways about a once-a-decade overhaul of its occupancy – which could lead to some being forced to relocate their long-standing bases.Sky News has learnt that Heathrow has opened negotiations with the 82 carriers which fly from the airport with a view to implementing operational …
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Business Live
Morgan Sindall issues dividend hike as annual revenue hits record
UK construction and regeneration group Morgan Sindall has announced record results for the year ending 31 December 2024. The group saw a 10% rise in revenue to £4.55bn, while adjusted operating profit climbed 15% to reach £162.6m, as reported by City AM. Adjusted profit before tax also increased by 19% to £172.5m, with adjusted earnings …
Business
Sky News
BP slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn). Funding for further oil …
Business
Sky News
Why your home is the next frontline of the climate battle
Something has changed dramatically in your home in a way you won’t have even noticed.The electricity in your plug socket no longer comes from coal, the workhorse of the industrial revolution that powered our economy for decades but which is also the most polluting fossil fuel. Now it is generated by cleaner gas, renewable and …

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