Business

One of the UK’s last remaining steel companies has been pushed into compulsory liquidation – and will fall into government control. Speciality Steels UK (SSUK), part of the Liberty Steel empire owned by metals tycoon Sanjeev Gupta, employs nearly 1,500 people at sites in Rotherham and several other locations across South Yorkshire. Behind Tata Steel…

Every week, we interview top chefs from around the UK, hearing about their cheap food hacks, views on the industry and more. Today, we speak to Tim Brindley, head chef at Toum off Regent Street in London… The best budget bite in London is… Padella in Borough Market – famous for fresh, handmade pasta at…

Troll-like Labubu dolls have taken over the consumer world. Their creator, Pop Mart, has reported a near 400% net profit so far this year, while some have spent thousands on the toys second-hand. The frenzy over the furry dolls has led to huge queues outside the Chinese retailer’s stores, and even forced the company to…

The metals tycoon Sanjeev Gupta is plotting to hand control of his remaining UK steel operations to his family in a bid to stave off their collapse into compulsory liquidation and a government-orchestrated fire-sale. Sky News has learnt that Mr Gupta is proposing to refinance the business through a pre-pack administration that would result in…

An AI start-up which claims to act as an ‘immune system’ for software has landed $17m (£12.6m) in initial funding from backers including the ventures arm of Alphabet-owned Google. Sky News has learnt that Phoebe, which uses AI agents to continuously monitor and respond to live system data in order to identify and fix software…

The final batch of Queen Elizabeth II’s £1 coins is entering circulation across the UK, the Royal Mint has announced. More than 23 million coins depicting the late monarch are being released alongside 7.5 million new King Charles III £1 coins. The Royal Mint said the last of the Queen’s coins, which are dated 2022,…

The putative owners of The Daily Telegraph will take another step towards gaining control of the right-wing newspaper in the coming days when they formally notify Whitehall of their plans. Sky News has learnt that lawyers acting for RedBird Capital Partners, the US-based investor which will own a majority stake in the publisher if the…

Each Monday, we speak to someone from a different profession to discover what it’s really like. This week we chat to foster carer from the National Fostering Group, Susan Williams… Foster carers receive an allowance of around £24,500 per year [this is usually tax-free] for each child… which is a combination of a professional fee…

Soho House, the global network of private members’ clubs, is being bought by a group led by hotel owners MCR – valuing the business at $2.7bn (£1.99bn). The deal will take the London-based hospitality group back into private ownership, meaning it will no longer be listed on the New York Stock Exchange. Actor-turned-investor Ashton Kutcher…

BlackRock, the world’s biggest asset manager, is backing a controversial bid by the metals tycoon Sanjeev Gupta to retain control of his faltering UK steel empire. Sky News has learnt that executives at BlackRock have authorised the issuance of a financing support letter which could enable Mr Gupta to continue to exert a grip on…