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Energy firm boss defends profits as charities predict tough winter for families
The boss of the UK’s largest household energy supplier has been forced to defend record profits amid warnings of worse times ahead for household bills this winter.In evidence to the energy security and net zero committee of MPs, the chief executive of British Gas parent firm Centrica, Chris O’Shea, insisted the 889% surge in profits …
Business
Sky News
Healthcare tycoon Hester swells Tory election warchest with £5m donation
A healthcare entrepreneur who ranks among Britain’s richest people and whose company has had close ties to the government has handed a £5m donation to the Conservative Party – one of the biggest in its recent history.Sky News has learnt that Frank Hester, founder and chief executive of The Phoenix Partnership (TPP), has given the …
Business
Euro News
Ukraine food exports rose 16% in August despite difficulties in logistics and Russian attacks
Business
Sky News
Why September will be a momentous month for US industry
It is one of the great set-piece moments in the US industrial calendar.At the start of pay negotiations, which take place every four years ahead of the expiry of existing contracts in September, the leaders of the big three US carmakers traditionally shake hands in front of the cameras with the leader of the United …
Business
Sky News
Owner of UK’s Arm Holdings seeks reduced flotation valuation
UK chip designer Arm Holdings is aiming for a market value of just over $52bn (£41.5bn) following its US stock market flotation, under plans revealed by its Japanese owner.SoftBank Group said in a regulatory filing it was to offer 95.5 million American depository shares in Arm for $47 to $51 apiece, raising almost $5bn at …
Business
Sky News
Wilko rescue, retail figures and commercial broadcasting
Ian King speaks to our city editor Mark Kleinman about Wilko’s latest lifeline. Plus, hear from the director of insight at the British Retail Consortium about UK sales and consumer confidence. And the chief executive of STV Group joins the show to discuss its latest profits and why it’s a tough time for commercial broadcasters.Listen …
Business
Sky News
TikTok opens new European centre in bid to combat privacy concerns
TikTok’s first European data centre has gone live as the Chinese-owned company seeks to combat long-held privacy concerns.The firm behind the popular short-form video app, which has more than a billion users, has been in the crosshairs of Western politicians who believe user information could be given to Beijing’s regime. TikTok is owned by internet …
Business
Sky News
Jeremy Hunt reveals date of next budget
Jeremy Hunt will set out his next budget on 22 November, the chancellor has told MPs.He has commissioned an Office for Budget Responsibility (OBR) forecast, which will be presented alongside the Autumn Statement. The lack of an OBR forecast at his predecessor’s mini-budget last September spooked the markets and sparked a huge economic fallout, pushing up …
Business
Euro News
Big businesses urge EU to cut emissions by 90%
Business
Evening Standard
European billionaires spend big on London’s ‘second-tier’ offices
European billionaires are snapping up central London’s tired “second tier” office blocks, according to a new study today.Occupiers’ scramble for new office space that complies with modern environmental standards has sent prices of unwanted secondary or “brown” workspace stock tumbling. However, they have proved attractive for cash-rich individuals or families looking for investments with high …
Business
Sky News
Birmingham City Council effectively declares bankruptcy
Birmingham City Council has effectively declared bankruptcy after being hit with a £760m bill to settle equal pay claims.The council said it had issued a section 114 notice, confirming that all new spending, with the exception of protecting vulnerable people and statutory services, must stop immediately. In a statement declaring itself in financial distress, the …
Business
Euro News
Flagship drug makes Novo Nordisk Europe’s most valuable company, dethroning LVMH

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