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The electric shock behind Europe’s stuttering EV future
Across Europe, car companies are cutting jobs and shutting factories – to the extent that some question their very existence. So it’s worth asking the question: what’s gone wrong with Europe (and for that matter America’s) car industry?While some will reach for their own pet conclusions (Brexit! Electric vehicle deadlines! Government regulations!) in practice there’s …
Business
Sky News
Electric vehicles make up one in four new cars sold – as industry demands sales help
Battery electric vehicles (BEVs) accounted for 25% of new car registrations in November, an almost 60% increase year-on-year – and well above a government target manufacturers have called on ministers to relax.BEVs were the only sector of the car market to see increased sales in November, which saw new registrations down almost 2%, the second …
Business
Sky News
Thames Water creditors fail to get veto over fine payments
Thames Water’s largest creditor group has failed to secure a veto over whether a £3bn emergency funding injection is used to settle regulatory fines imposed for a string of environmental and performance failings.Sky News can reveal that a clause stipulating that the company’s A lenders – which account for well over £10bn of the debt …
Business
Sky News
SpaceX rivalry prompts Airbus to cut 2,000 jobs including hundreds in UK
Airbus has revealed just over 2,000 job losses across its space and defence division, with 477 roles affected in the UK, amid tough competition from US rivals including Elon Musk’s SpaceX.The bulk of the cuts, which were not as severe as the company had initially expected, will affect mainly management and wider office roles in …
Business
Sky News
UK’s electric vehicle market is doing better than you might think
To listen to UK car manufacturers in recent weeks has been to hear a counsel of despair over the electric vehicle market.Struggling to hit targets imposed amid mixed messages from the last government, they have lobbied the new one to relax the rules. Yet November’s figures show an industry not just hitting the 22% zero …
Business
Business Live
‘Extensive’ housing estate plans for former quarry green-lit after more than a decade
Plans to construct a housing estate on the site of a former quarry in Chorley have finally been given the green light, over a decade after they were initially proposed. The redevelopment of the JF Electrical Little Quarry in Whittle-le-Woods was approved in principle by Chorley Council back in 2013, with the council granting outline …
Business
Sky News
UK biggest phone network created as Three-Vodafone merger gets conditional approval
The competition watchdog has approved the creation of the UK’s biggest phone network by allowing the merger of Three and Vodafone.Regulator the Competition and Markets Authority (CMA) issued the decision despite previously saying tens of millions could pay more due to the amalgamation. CMA approval is contingent on the new entity spending billions to improve …
Business
Sky News
Bitcoin hits new milestone
The world’s biggest cryptocurrency, Bitcoin, has been valued at more than $100,000 for the first time, spurred on by Donald Trump’s latest nomination for his presidential team.The cryptocurrency was valued at $103,280 (£81,160) as of 4.10am UK time, leaping in value by 7.9% in the previous 24 hours, according to currency converter XE.com. It’s the …
Business
Sky News
Could no and low-alcohol beer save the British pub?
Soaring costs and customers watching their spending is putting the hospitality industry under intense pressure, but for the traditional British pub there could be an unlikely saviour.A record 140 million pints of no or low-alcohol beer are expected to be sold this year, up 12% on 2023, with 86% of hostelries now selling the non-intoxicating …
Business
Sky News
New York police hunt gunman who shot dead healthcare executive outside hotel in ‘brazen targeted attack’
Police in New York are hunting a gunman who shot dead a healthcare executive outside a hotel in what was a “brazen targeted attack”.Brian Thompson, who had been the chief executive of UnitedHealthcare since April 2021, was killed outside the Hilton Hotel in midtown Manhattan.The gunman, who was wearing a face mask, was lying in …
Business
Sky News
Parcel delivery giant Yodel hit by festive capacity crisis
One of Britain’s biggest parcel carriers has been hit by a capacity crisis at the start of the crunch festive trading period, forcing it to urge key customers to divert business to rival delivery firms.Sky News has learnt that Yodel, which was due to recruit thousands of seasonal workers to help it deal with a …
Business
Sky News
Bank of England governor frets over impact of budget on businesses and Trump’s return
Business reaction to the budget is the “biggest issue” facing the Bank of England, according to its governor – while he also contemplates the impact of Donald Trump’s looming return to the White House.  Andrew Bailey told an event the future was clouded by domestic and global “uncertainty”, making it difficult to predict the effect …

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