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Landlord talks leave closure threat facing 18 Cineworld sites
Nearly 20 additional Cineworld cinemas are facing the threat of closure next month amid crunch talks with landlords.Sky News has learnt that the company has compiled a list of 18 sites across the UK which could shut before Christmas if deals are not reached with their owners. If negotiations to keep them open fail, the …
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Rachel Reeves set to announce £3bn armed forces boost today
The armed forces are set to receive a £3 billion boost, as reported, when Rachel Reeves unveils the Labour Government’s first Budget. The Chancellor is expected to announce an increase in the defence budget for next year in her fiscal statement in the Commons on Wednesday. Part of the funding will be used to give …
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Sky News
Oaktree-backed predator eyes swoop for London-listed Avation
An aircraft leasing company backed by Oaktree Capital, the $200bn US investment giant, is plotting a swoop on London-listed rival Avation.Sky News has learnt that Azorra Aviation Holdings has been drawing up plans to make an offer for Avation. City sources said a number of other parties in the aircraft leasing sector were also in …
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Sky News
Budget 2024: The main announcements in chancellor’s speech
Chancellor Rachel Reeves has finally unveiled the budget for 2024. Here are the key points:Follow live budget updates • The budget will raise taxes by £40bn.• National insurance (NI) contributions for employers (not employees) will increase by 1.2 percentage points to 15% from April 2025.The point at which employers start paying NI will fall from …
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Today the truth will out – huge tax rises and investment mantra will define Starmer’s government
The Labour manifesto never did add up.On the one hand, Keir Starmer vowed there would be “no return to austerity” under his government, while also insisting he had “no plans” to raise taxes beyond an £8bn raid on private equity, oil and gas companies, private school fees and non-doms to pay for more teachers and …
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Sky News
Are Reeves’s budget plans already making investors take fright? Or is that a market misreading?
Budgets are all about numbers.In the coming 24 hours, we’ll be engulfed with all sorts of figures – about the state of the economy, about the size of the deficit, about the fiscal rules the new chancellor is planning to introduce in the coming months. But in fact most budgets, this one included, can really …
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Sky News
‘Nail in the coffin’: Small businesses warn of closures if govt doesn’t ‘significantly increase’ relief
Small businesses have called for the government to “significantly increase” the employment allowance to prevent them from having to shut down following the budget.Chancellor Rachel Reeves is set to raise national insurance contributions paid by employers – despite promising not to increase the tax “for working people” – to help fill a £40bn black hole …
Business
Sky News
Greatest number of mortgages approved per month since Liz Truss mini-budget
The number of mortgages approved in September reached a level not seen in the two years since the Liz Truss mini-budget.According to figures from the Bank of England, the month had the greatest number of mortgage approvals since August 2022, the period just before the market turmoil brought about by Ms Truss’s financial statement. Reduced …
Business
Sky News
Supermarket giants face £200m hit from Reeves’ NI hike
Britain’s four biggest supermarket chains face paying an extra £200m in national insurance contributions between them as the chancellor prepares to raise tens of billions of pounds from a raid on businesses.Sky News understands that Tesco, Asda, J Sainsbury and Wm Morrison could be hit with the incremental tax bill from a two percentage point …
Business
Sky News
Ministers pave way for Chatham Docks scheme in blow to steel giant
The government has opted not to intervene in proposals to close and redevelop part of Chatham Docks in Kent, a scheme which one of the world’s largest steel companies had previously warned could lead to one of its divisions abandoning the UK.Sky News has seen a letter from the Ministry of Housing, Communities and Local …
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Sky News
Kanye West and Adidas reach settlement after years of lawsuits
Adidas has reached an out-of-court settlement with Kanye West – known as Ye – ending all legal proceedings between them, the sportswear brand has said. Adidas and West had been embroiled in multiple lawsuits for the past two years after the German manufacturer ended a partnership with the rapper over antisemitic comments he made in …
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Business Live
Profit plunge at IG Design amid challenges, yet firm eyes second-half rebound
IG Design, the world’s largest producer of greeting cards, wrapping paper and gift bags, has seen a significant cut in its profit. However, the company is now generating cash and anticipates a recovery in the second half of the year. As predicted, group revenue dropped by 11 per cent in the six months leading up …

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