Business

Hundreds more high street jobs are being put at risk as part of a sweeping overhaul of the family-owned fashion retailer River Island. Sky News has learnt that the clothing chain, which trades from about 230 stores, is proposing to close 33 shops in a restructuring plan which will be put to creditors in August….

TalkTalk, the telecoms and broadband group founded by Sir Charles Dunstone, is preparing to hire City advisers to oversee a break-up of the company. Sky News has learnt that investment banks were asked to pitch this week for a mandate to oversee a potential sale of TalkTalk’s two remaining businesses: its consumer arm and PXC,…

Retail sales volumes suffered their largest monthly fall since December 2023 last month, according to official figures which suggest a link to rising bills. The Office for National Statistics (ONS) reported a 2.7% decline in the quantity of goods bought in May compared to the previous month. The body said its interaction with retailers suggested…

Sir Alan Bates has called for those responsible for the wrongful convictions of sub postmasters in the Capture IT scandal to be “brought to account”. It comes after Sky News unearthed a report showing Post Office lawyers knew of faults in the software nearly three decades ago. The documents, found in a garage by a…

“Exonerate and acknowledge” say victims of the Post Office Capture scandal. And it’s easy to see why patience is wearing thin. To understand what happened with Capture, you must first understand Horizon. Both scandals centre not on flawed software alone, but how the Post Office reacted to it. Please use Chrome browser for a more…

👉 Listen to Sky News Daily on your podcast app 👈 The Horizon scandal gained international exposure after the ITV drama Mr Bates vs The Post Office. And now, more faulty Post Office accounting software has been uncovered, in what some are calling a second Post Office scandal. Today, the government has announced details of…

Britain has the highest industrial electricity prices in the G7, a cost businesses say makes it impossible to compete internationally and risks “deindustrialising” the UK. Electricity prices are driven by wholesale fuel prices, particularly natural gas, but include taxes and “policy costs” that business groups, including Make UK and the CBI, want the government to…

Ministers are considering a commitment to cut soaring industrial energy prices for British companies to the same level enjoyed by competitors in France and Germany as part of its industrial strategy. Sky News understands proposals to make energy prices more competitive are at the heart of final discussions between the Department for Business and Trade…

Joining Darren McCaffrey today are Sky’s economics and data editor Ed Conway and Ellie Groves from State Street Global Advisors.

A damning report into the faulty Post Office IT system that preceded Horizon has been unearthed after nearly 30 years – and it could help overturn criminal convictions. The document, known about by the Post Office in 1998, is described as “hugely significant” and a “fundamental piece of evidence” and was found in a garage…