Business

Jamie Oliver is relaunching his high street chain, Jamie’s Italian, six years after the business collapsed, causing hundreds of job losses. The TV chef will start by opening a restaurant in London’s Leicester Square next spring in partnership with Brava Hospitality Group, which runs another Italian eatery chain, Prezzo. Oliver, 50, has presented a host…

Piers Morgan, the broadcaster and journalist, is raising tens of millions of dollars of funding from heavyweight investors as he seeks to turn Uncensored, his YouTube-based venture, into a broad-based global media business. Sky News can exclusively reveal that Mr Morgan is in the process of finalising a roughly $30m (£22.5m) fundraising for Uncensored that…

Netflix’s $72bn takeover of Warner Brothers is a blockbuster in every sense. It is less than 30 years since Reed Hastings and Marc Randolph began their mail order DVD rental business, barely 20 since Netflix began streaming content online, and just over a decade since its first wave of original content, including House Of Cards….

Discount retailer Poundland has revealed another wave of store closures over the winter as part of turnaround efforts by the new owners. A further 14 stores will close down by early February, on top of the 19 already set to shut down over the coming months. By early next year, the budget chain will have…

It’s a debate that has raged since the end of the COVID pandemic but, despite regulatory scrutiny, it’s fair to say there’s been no clear answer to accusations that UK drivers pay over the odds for fuel. What was once a promotional loss leader for supermarkets desperate for drivers to fill their car boots with…

The UK has come a “step closer” to having direct, high-speed rail connections to Germany, the Department for Transport has said. A partnership between international train operator Eurostar and German national rail company Deutsche Bahn (DB) has “set the foundation” for a fast rail connection between Britain and Europe’s largest economy, the businesses announced on…

A beauty technology company which recently secured a record-breaking investment from Dragons’ Den judges including the entrepreneur Steven Bartlett will this week unveil a further multimillion pound funding injection. Sky News has learnt that London-based yuv, which claims to have pioneered the world’s first smart hair colour lab system for salons and freelance stylists, will…

The London-listed asset management group Premier Miton is this week set to name one of the City’s leading financial institutions bankers as its next chairman. Sky News has learnt that Christopher Williams, whose career as an adviser encompassed stints at Citigroup, Credit Suisse and Perella Weinberg Partners, is to succeed Robert Colthorpe as Premier Miton’s…

O2, Vodafone, EE and Three are facing a huge class action lawsuit in the UK over claims millions of loyal customers have been overcharged. Named the loyalty penalty claim, the case alleges that companies were charging long-standing customers for their handsets beyond their contractual term. It claims up to 10.9 million phone contracts were affected…

Cash-strapped Thames Water has revealed a further rise in its debt pile while recording a return to profit on the back of inflation-busting hikes to bills. The UK’s largest supplier said the 31% rise to customer bills since April had allowed it to increase capital investment by 22% to £1.3bn amid demands it improve performance…