Business

The London-listed company which wants to extract one of the world’s largest tungsten deposits from a site in Devon is in talks with investors to raise tens of millions of pounds from a share sale. Sky News has learnt that Tungsten West is close to finalising the terms of an equity-raise aimed at providing additional…

The FTSE-100 oil giant Shell is close to unveiling a revamped boardroom pay policy which would see its boss handed a multimillion-pound annual pay incentive. Sky News has learnt that Shell has concluded a consultation with its largest shareholders which could result in Wael Sawan, chief executive, earning at least £4.5m more every year. Investor…

A financial and property technology business which integrates elements of the homebuying process has clinched a $25m funding injection as it seeks to accelerate its expansion. Sky News understands that OneDome will confirm on Wednesday the pre-Series C fundraising, taking the total sum it has raised to $40m. The latest round includes a media-for-equity deal…

The bosses of English football’s new watchdog will next week pitch up to a summit of the game’s most powerful clubs as they await the outcome of the probe into alleged financial improprieties at Manchester City. Sky News has learnt that David Kogan and Richard Monks, respectively the chair and chief executive of the Independent…

SpaceX has announced it has acquired artificial intelligence start-up xAI in a deal that that brings together two companies owned by Elon Musk.  In a statement, Mr Musk said the deal would create “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost…

Peter Jones, the entrepreneur and Dragons’ Den judge, is close to teeing off with the addition of American Golf, the retail chain, to his array of business interests. Sky News has learnt that Mr Jones is in advanced talks to buy American Golf from Endless, its long-standing private equity backer. Mr Jones, a keen golfer…

Staff are most likely to see their pay rise by the same amount as last year, new data shows. Some 44% of bosses intend to award a similar wage increase, while 28% will compensate employees more generously. Another 28% say their workers face a smaller pay rise than last year. The figures come from a…

Gold and silver costs are taking further punishment on Monday following record routs seen at the end of last week. Both precious metals had stood at record values on Thursday but fell sharply after Donald Trump revealed his nomination for the chair of the US central bank. The announcement on Friday that he wanted Kevin…

Anthony Joshua, JK Rowling and Mo Salah have been named among the UK’s 100 biggest taxpayers. The billionaire brothers behind gambling giant Betfred topped the rankings of The Sunday Times Tax List 2026 for the first time, surpassing musicians, entrepreneurs and sports stars. Fred and Peter Done, who founded the Warrington-based business in 1967, paid…

The operator of Britain’s biggest cash machines network has recruited a former head of the Rugby Football Union (RFU) as its next chairman. Sky News understands that Tom Ilube, who stepped down as the RFU chair in 2024, will become the new chairman of LINK. An announcement is expected to be made on Monday. A…