Business

Rolls-Royce Holdings is to hand its chief executive a multimillion-pound annual pay boost, even as he nears one of Britain’s most lucrative ever public company payouts after overseeing a spectacular revival of the industrial manufacturing group. Sky News has learnt that Rolls-Royce’s board has concluded a consultation with leading shareholders on a radical overhaul of…

Wholesale natural gas prices have risen by more than 40% this month as a raft of pressures, described by one analyst as a “perfect storm”, threaten to raise energy bills ahead. Day-ahead prices for UK delivery were at a six-month high on Friday, a rise of more than 14% on the day, as contracts across…

Rachel Reeves’s plans to curb cash ISA limits with the aim of fuelling a wave of stock market investing “are doomed to fail”, the boss of one of Britain’s biggest retail investment platforms has warned. Sky News has learnt that Michael Summersgill, chief executive of AJ Bell, which has more than £100bn of client assets…

Whether used as a natural sweetener in cooking, as a home remedy for a sore throat or simply for drowning your pancakes, honey is a staple in cupboards across the country. But what’s the best stuff? What do you look for on the label? And can you get good honey in supermarkets? Read all the…

The petrol forecourts giant founded in Blackburn by brothers Mohsin and Zuber Issa will next week kick off formal plans for a $9bn (£6.7bn) US stock market listing. Sky News has learnt that EG Group, about 25% of which is owned by each of the brothers, will hold a beauty parade of banks in London…

An electric vehicle charging point provider backed by Britain’s biggest high street banks is exploring a sale amid fears over the impact of the Treasury’s latest tax raid on the sector. Sky News has learnt that Trojan Energy, which is part-owned by the BGF, is working with advisers on a review of its strategic options,…

When South East Water (SEW) is in the news, the headlines do not generally make for comfortable reading. While the water and sewerage industry and its regulators have little to cheer about, this water-only supplier is now facing calls to be nationalised – such is the strength of feeling over performance as it grapples with…

Royal Mail and the Post Office are launching a six-month trial of an automated, 24-hour service.  Parcel lockers will be installed outside Post Office branches across the country, giving customers round‑the‑clock access to send, collect and return parcels. Read all the latest Money news here The move adds to Royal Mail’s network of more than…

Britain is “firmly on track” to meet its clean power targets for 2030, according to the government following a record offshore wind auction. It has awarded contracts to supply 8.4 gigawatts (GW) of new offshore wind power – enough to power 12 million homes. The auction is part of efforts to ease the country away…

The investment industry has intensified warnings to the government over plans to limit cash ISAs, arguing that they risk undermining British investors’ willingness to back listed companies. Sky News has learnt that a meeting on Tuesday involving major industry players including Hargreaves Lansdown, HSBC and Lloyds Banking Group, along with officials from the Treasury and…