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Sky News
Music and fashion chiefs to join revamped government Board of Trade
The boss of Universal Music Group and the fashion designer Anya Hindmarch are among a coterie of British business leaders being lined up to join a revamped government Board of Trade.Sky News has learnt Hindmarch, the UMG chairman and chief executive Sir Lucian Grainge and Tim Bevan, the co-founder of film producer Working Title are …
Business
Sky News
‘We cannot go on like this’: Tesco staff offered body cameras as assaults rise
Frontline Tesco workers will be offered body cameras following an “unacceptable” spike in verbal and physical attacks.The supermarket’s chief executive Ken Murphy said the move to protect its “unsung heroes” was prompted by a rise in physical assaults by a third compared with this time last year. Writing in the Mail on Sunday, Mr Murphy …
Business
Business Live
Ageing tech innovators come to Newcastle thanks to pioneering start-up programme
A host of businesses creating products and services for the UK’s ageing population have been attracted to Newcastle thanks to a nationally significant programme in the city. Six firms have either relocated to Tyneside or are thinking about such a move having worked with The Internet of Caring Things programme – a scheme partly designed …
Business
Sky News
Chancellor confident ‘inflation is coming down’ and on track to be halved this year
Chancellor Jeremy Hunt is confident his plan to reduce rising prices is working and will soon ease the financial strain on UK households. Ahead of parliament returning on Monday, Mr Hunt acknowledged that many households across the country are still struggling financially. He emphasised that “sticking to the plan” to reduce inflation is the best …
Business
Sky News
Steel rescue package could be a ‘missed opportunity’
A government aid package aimed at securing the long-term future of steelmaking in South Wales could be a “missed opportunity”, a senior Labour MP has told Sky News.Stephen Kinnock, whose Aberavon constituency includes Port Talbot, home of the steelworks owned by Tata, also said the deal could be counterproductive. While it does include the building …
Business
Evening Standard
Online gambling firm In Touch Games has licences to operate in Britain suspended
Online gambling firm In Touch Games has had its licences to operate in Britain suspended by the industry regulator.The Gambling Commission suspended the firm’s operating licences as it carries out a review under section 116 of the Gambling Act 2005.It said it suspects the operator failed to follow licence conditions related to money laundering, fair …
Business
Sky News
Investment in Port Talbot cannot come soon enough, but it might be the last roll of the dice
Sajid Javid, Jacob Rees-Mogg, Greg Clark, Rishi Sunak, Grant Shapps and Kemi Badenoch: the list of Tory chancellors and business secretaries who have sought to unlock the puzzle of the British steel industry’s future in recent years is almost as long as the number of active production facilities remaining in Britain.And as the issue of …
Business
Sky News
Government in advanced talks over £500m Tata Steel aid package
The government is in advanced talks with Britain’s biggest steel producer to hand over a £500m aid package aimed at securing the long-term future of steelmaking in South Wales.Sky News can exclusively reveal that Whitehall officials and Tata Steel are close to agreeing a deal that would commit more than £1bn to the future of …
Business
Sky News
Fayed’s casual relationship with the truth held back his achievements in business
Little has been heard from Mohamed Fayed during the last decade.He sold Harrods to Qatar Holdings as long ago as May 2010 and his other main trophy asset in the UK, Fulham FC, was offloaded to the US businessman Shahid Khan in July 2013.That latter deal brought down the curtain on a controversial – to …
Business
Sky News
Former Harrods and Fulham FC owner Mohamed Al Fayed has died
Mohamed Al Fayed has died at the age of 94.His family say he “passed away peacefully of old age” on Wednesday. Sky News understands Al Fayed was buried after Friday prayers at London Central Mosque in Regent’s Park.The Egyptian-born businessman was best known as a former owner of the Harrods department store and Fulham football …
Business
Business Live
HMV owner finalising deal to save majority of Wilko stores
Thousands of jobs could be saved at collapsed retailer Wilko as the owner of HMV finalises a deal to buy hundreds of stores. A bid to buy the entirety of the business fell through on Thursday, leading to the first wave of redundancies affecting support centre and warehouse staff. But administrator PwC said that discussions …
Business
Sky News
The UK actually fared much better after COVID than first thought – here’s why it matters
Comparing the UK economy with its pre-pandemic size has become an almost totemic way of highlighting its sluggish performance post-COVID.It has certainly been a gift for Opposition politicians and in particular when – in September last year – the Office for National Statistics (ONS) produced evidence that the UK was the only economy in the …

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