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Overhaul of official workforce data may take another two years – ONS
The Office for National Statistics (ONS) has admitted efforts to overhaul unreliable data on Britain’s jobs market may not be ready until 2027.The ONS confirmed it is now “unlikely” it will be able to introduce a revamped version of its Labour Force Survey (LFS) – which is the official measure of employment and unemployment in …
Business
Sky News
Payments provider Zilch in talks to raise £150m from investors
Zilch, the consumer lender which has become one of Britain’s fastest-growing fintech companies, is in talks about a share sale to raise about £150m in what could be its final such capital-raising before it goes public.Sky News has learnt that eBay-backed Zilch, which was founded in 2018, is working with advisers at Citi on an …
Business
Business Live
Owner of Boringdon Hall snaps up Cornwall spa and golf hotel
The owner of Devon’s five-star Boringdon Hall Hotel has acquired a Cornish spa and golf resort for an undisclosed sum. Family-run Philema Hospitality Management has taken over the Budock Vean Hotel in Falmouth in a move it described as a “significant milestone”. The group’s portfolio also includes the four-star adult-only Fistral Beach Hotel and Spa …
Business
Sky News
Largely manufactured furore shows Jaguar succeeded at getting people talking
The sleepy Jaguar has had a sudden awakening. After months of gentle provocation, the British carmaker has unveiled its latest model: a fully electric “concept with bold forms and exuberant proportions to inspire future Jaguars”. As to be expected we’ve been bombarded with marketing speak alongside the launch of the Type 00, the biggest rebrand …
Business
Sky News
Jaguar boss defends rebrand after backlash – as new electric car revealed
Jaguar wants “to be bold and disruptive” with its new electric car and redesign, the luxury vehicle maker’s managing director told Sky News.The British car maker sparked widespread controversy last month when it unveiled its rebrand ahead of becoming a fully electric brand. Speaking to Sky News business and economics correspondent Gurpreet Narwan, managing director …
Business
Sky News
Motorists rev up £38m settlement in shipping cartel claim
Lawyers acting for British motorists who were charged inflated prices to deliver vehicles to the UK have agreed settlements worth £38m after a years-long battle alleging that they were ripped off by a cartel of shipping firms.Sky News understands that Mark McLaren, the class representative who brought the claim, and Scott+Scott, the US-based dispute resolution …
Business
Sky News
Reeves set for mid-January talks with Chinese counterpart
The Treasury is close to finalising Rachel Reeves’s first visit to China as chancellor just days before Donald Trump is sworn in for a second time as US president.Sky News understands that Whitehall officials have pencilled in a mid-January resumption of the UK-China Economic and Financial Dialogue after a six-year hiatus. Sources said preparations were …
Business
Business Live
Liverpool Council buys stalled landmark city centre site and says move paves way for Chinatown and Baltic Triangle regeneration
Liverpool City Council has successfully acquired the site of a major stalled development in the city centre, known as New Chinatown. The 4.55 acre brownfield plot, located at Great George Street, is situated at the entrance to the city’s historic Chinatown and near the Baltic Triangle, adjacent to the Anglican Cathedral. The residential development has …
Business
Sky News
UK house prices grow at fastest rate in two years
House prices are now growing far higher than expected and at the fastest annual rate in nearly two years, the UK’s largest building society has said. In the year up to November, houses became 3.7% more valuable, according to Nationwide. Not since November 2022 have prices been rising as fast. Prices are now just 1% …
Business
Sky News
Billions wiped from share price as Vauxhall parent firm’s boss abruptly resigns
Stellantis has lost roughly €2.95bn (£2.44bn) in value as the chief executive of Vauxhall’s parent company abruptly resigned, just days after the car brand’s factory in Luton was slated for closure.Previously regarded as one of the most respected figures in the auto industry, Carlos Tavares came under scrutiny after Stellantis issued a profit warning in …
Business
Sky News
Typhoo Tea bought out of administration for millions
Typhoo Tea has been bought out of administration for £10.2m.Less than a week after administrators were appointed, a buyer confirmed plans to purchase the 121-year-old business. Consumer goods wholesaler Supreme has announced it is to be the new owner.There will be no disruption to supply during the acquisition process, Supreme said.Money blog: ‘Karpet Kingdom sent …
Business
Sky News
Musk again prevented from receiving ‘world’s largest pay award’
Elon Musk has again been prevented from becoming even richer by a US court which blocked his $56bn (£44bn) pay package despite company shareholders approving the sum. Shareholders of the world’s most valuable carmaker Tesla, had approved the package in June, which if paid would have been the biggest ever for the head of a …

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