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First-time buyers up by a fifth, major bank says
The number of first-time buyers rose by almost a fifth last year, according to data from Halifax.The bank said 2024 saw 341,068 people buy their first properties, up by 19% from 2023. While the figures are a rebound from 2023’s 22% drop, they are not as high as they were in 2022.That year saw 367,870 …
Business
Sky News
Merlin Entertainments dives into sale of aquarium assets
The world’s biggest theme park operator has begun exploring a sale of some of its aquarium assets as it seeks to prioritise investment in its biggest international sites.Sky News has learnt that Merlin Entertainments, which is jointly owned by the private equity giant Blackstone and the investment vehicle of the family behind the Lego dynasty, …
Business
Sky News
Unilever delivers blow to chancellor with ice cream snub
Unilever, the London-based consumer goods giant, has revealed it is to demerge its sprawling ice cream business with a primary stock market listing in Amsterdam later this year.The announcement, alongside its 2024 results, will be seen as a blow for the chancellor who had reportedly lobbied the company to make the case for London, where …
Business
Business Live
Commuters say their area is ‘overlooked and disregarded’ by station rebuild plans
Commuters travelling from Southport to Manchester have raised concerns that the proposed expansion of Manchester’s Oxford Road station could leave their area “a desert”. According to campaigners, the Southport line has been “overlooked and disregarded” in Network Rail’s development plans. The ongoing consultation for the station’s remodelling includes reducing platform numbers from four to three …
Business
Sky News
Why Downing Street’s relief over economy may be temporary
Yes there are all sorts of provisos.The UK economy is still flatlining. A 0.1% expansion is about as close as you can get to zero. Gross domestic product per head – a better measure of our living standards – is shrinking (indeed, it’s been shrinking for two quarters). And the UK remains far weaker than …
Business
Sky News
Sub-postmasters still going through hell, says Sir Alan Bates
The government is continuing to put Post Office victims through “hell” in their fight for redress, Sir Alan Bates has told Sky News.More than 240 former sub-postmasters are still waiting for financial compensation years after they won their High Court battle. Sir Alan’s comments come after another former sub-postmaster, Terry Walters from Wilmslow in Cheshire, …
Business
Sky News
Deliveroo executive French to leave as board weighs CEO succession
One of Deliveroo’s top executives is to leave the company as its board weighs a succession plans for its founder and CEO, Will Shu.Sky News has learnt that Eric French, the food delivery service’s chief operating officer since 2021, has told colleagues that he will step down later this year. His departure has yet to …
Business
Sky News
Surprise growth for UK economy at end of 2024
The UK economy grew fractionally during the final three months of 2024, according to early official figures, which ease the immediate risk of a recession.The Office for National Statistics (ONS) reported a 0.1% rise in gross domestic product (GDP) during the fourth quarter, with only a recovery for growth in Christmas spending and manufacturing during …
Business
Business Live
Ex-RBS chief Ross McEwan lands top job at mining giant BHP
Mining conglomerate BHP has confirmed the appointment of ex-RBS chief Ross McEwan as chairman, succeeding Ken Mackenzie who is set to retire at the end of March. As reported by Reuters, McEwan will be responsible for selecting the mining behemoth’s next CEO and may revisit plans to acquire rival mining company Anglo American, following a …
Business
Sky News
Abercrombie & Fitch boss ‘appalled and disgusted’ by Jeffries sex trafficking claims
The boss of Abercrombie & Fitch (A&F) has said she is “appalled and disgusted” by the sex trafficking claims against her predecessor Mike Jeffries.Fran Horowitz, who has led the US-based company since the departure of Mr Jeffries, signalled in an interview with Sky News that A&F had examined and transformed its culture since the scandal …
Business
Sky News
Crisis-hit Thames Water investigated over late delivery of environmental schemes
Thames Water is being investigated over late delivery of environmental improvement schemes, the industry regulator has announced.Ofwat said the enforcement case against the company, currently fighting to secure its financial future amid a £19bn debt pile, aimed to determine whether it had breached its legal obligations. The watchdog said that Thames Water itself had been …
Business
Sky News
Third runway by 2035 with no public money needed, Heathrow boss says
Heathrow’s boss has told Sky News of his hopes a third runway can be built by 2035, declaring it will not need public funding.Thomas Woldbye was speaking as the UK’s biggest airport announced a “once-in-a-generation investment”, beginning this year, to improve existing terminals and boost passenger numbers. The development is separate from a new runway …

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