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FCA to give companies extra 48 hours in ‘name and shame’ compromise
The City watchdog is to give companies it is investigating an additional window to contest allegations as it seeks to defuse the months-long row over its so-called ‘name and shame’ proposals.Sky News has learnt that the Financial Conduct Authority (FCA) plans to disclose on Thursday that it will allow the subjects of enforcement probes a …
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Sky News
Airports join budget backlash with warning of business rates ‘catastrophe’
Britain’s biggest airports are joining the growing private sector backlash against Rachel Reeves’s budget, warning that a £1bn business rates bill for the industry will trigger the cancellation of routes to and from the UK and higher costs for passengers.Sky News has obtained a draft letter from Airports UK, which represents more than 50 airports …
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Business Live
Easyjet to more than double dividend after profit surge
EasyJet has announced plans to more than double its full-year dividend following a nearly one-third increase in profit, driven by robust travel demand and an exceptional performance from its holiday business. The airline, recognisable by its orange livery, reported a 34% rise in pre-tax profit to £610m for the year ending in October. Operating profit …
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Sky News
Alton Towers and Legoland chief to leave after two years
The boss of Merlin Entertainments, the theme park giant which owns Legoland and Alton Towers, is to step down after just two years in the job.Sky News has learnt that Scott O’Neil, a former boss of the Philadelphia 76ers basketball team, is to leave Merlin at the end of the year to take an undisclosed …
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Sky News
Regulator delivers verdict on supermarket loyalty prices
Supermarket loyalty schemes offer genuine savings for shoppers, according to the competition regulator following an investigation into claims of price manipulation.The Competition and Markets Authority (CMA) said its review of 50,000 loyalty priced products showed that 92% offered genuine savings against the usual price. That was despite 55% of shoppers thinking “usual” prices were raised …
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Sky News
‘It will leave no party unscathed’: China reacts to Trump tariffs threat
China has warned Donald Trump a new trade war “will leave no party unscathed” as the incoming US president’s new tariff threats provoke an angry reaction.The response by the world’s second-largest economy to Mr Trump’s promise of additional 10% tariffs on all goods from China into the US, came via state media. “There are no …
Business
Sky News
Daughter of Post Office victim calls for compensation
The daughter of a Post Office victim who was investigated while fighting terminal cancer says it’s time Fujitsu “took responsibility” on compensation.Katie Watson’s mother Fiona passed away in 2004 less than a year after being forced to admit to stealing from her branch. During the investigation she was diagnosed with lymphoma.Ms Watson described it as …
Business
Sky News
Vauxhall Luton factory to close – putting more than 1,100 jobs at risk
Vauxhall will close its Luton plant in April, the parent company Stellantis announced.More than 1,100 jobs at the van-making factory are at risk, but Stellantis said it is hoping to transfer “hundreds” of Luton jobs to the group’s Vauxhall site in Ellesmere Port. It is now in consultation with unions and employees over the proposals, …
Business
Business Live
Retail chief warns of return of inflation after tax-raising Budget
The head of the British Retail Consortium (BRC) has cautioned that the tax increases announced in the latest government may trigger a resurgence of inflation in the UK. Despite shop prices remaining in deflation in November, down 0.6 per cent month on month from a deflation of 0.8 per cent in the previous month, and …
Business
Sky News
Chancellor to meet tech unicorns in bid to bolster London listings
Rachel Reeves will this week meet some of Britain’s hottest technology companies in a bid to persuade them that the government’s financial market reforms should tip the balance in favour of them floating in London.Sky News has learnt that the chancellor will hold talks with a string of technology ‘unicorns’ – valued at $1bn or …
Business
Sky News
Trump threatens sweeping new tariffs on first day in office
Donald Trump has threatened sweeping new tariffs on Mexico, Canada and China on his first day in office.The president-elect, who takes office on 20 January next year, said he would introduce a 25% tax on all products entering the country from Canada and Mexico. Posting on his Truth Social platform he also threatened an additional …
Business
Sky News
Jobcentre overhaul at heart of Labour’ plan to ‘get Britain working’
Jobcentre reform will be at the centre of the Labour government’s plans to “get Britain working again”.Tackling the increasing number of people out of work and relying on the state for income has become a major priority of the state, with welfare costs taking up a sizeable portion of government spending. According to the government, …

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