Business

Zilch, the consumer lender which has become one of Britain’s fastest-growing fintech companies, has begun a search for international takeover targets as it accelerates its expansion ahead of a bumper stock market listing. Sky News understands that Zilch, which is run by co-founder Philip Belamant, is working with advisers to identify peers outside the UK…

The boss of Ryanair has told Sky News the president of the European Commission should “quit” if she can’t stop disruption caused by repeated French air traffic control strikes. Michael O’Leary, the group chief executive of Europe’s largest airline by passenger numbers, said in an interview with Business Live that Ursula von der Leyen had…

The Official Receiver has reached a deal with the commodities trading giant, Glencore, that will ensure supplies of crude oil to the ailing Lindsey refinery following its owner’s collapse this week. Sky News has learnt that the OR – which oversees the initial stages of bankruptcies ordered by a court – struck an agreement with…

You’re probably tired by now of hearing all about “black holes”. It’s one of those phrases trotted out by journalists in an effort to make economic policy sound a little more interesting. And in some senses it’s a massively misleading image. After all, when people talk about fiscal holes, what they’re really talking about is…

Donald Trump’s ‘big beautiful bill’ has been passed by the US congress, sending it to the president to sign into law. The controversial tax breaks and spending cuts package cleared its final hurdle as the Republican-controlled House of Representatives narrowly approved the bill with a 218-214 vote. The bill delivers tax breaks Mr Trump promised…

Jack Lew is as decorated as they come when it comes to US economic leaders from the Democratic side of the aisle having served as President Obama’s treasury secretary, and before that as his director of the office for management of the budget (OMB), a role he also held in the Clinton White House, when…

Ryanair is increasing its underseat bag allowance by 20% after the EU set out proposed new laws for more free baggage. The budget airline currently allows people a “personal bag” that fits under the seat in front for free, typically a handbag or small backpack. The maximum size is going up from 40x25x20cm to 40x30x20cm….

One of Britain’s biggest online travel agents (OTAs) is exploring a stock market listing – a move which could deliver a welcome boost to London’s fragile pipeline for initial public offerings (IPOs). Sky News has learnt that the owner of Loveholidays is working with bankers on a flotation likely to value the company at well…

Conservative peer Baroness Karren Brady has told Sky News she feels “nothing but sympathy” for the chancellor, after Rachel Reeves was seen crying in the House of Commons during Prime Minister’s Questions. Ms Reeves was seen visibly crying in the chamber the morning after her government was forced into another U-turn on welfare reform by…

The CBI has begun a search for a successor to Rupert Soames, its chairman, as it continues its recovery from the crisis which brought it to the brink of collapse in 2023. Sky News has learnt that the business lobbying group’s nominations committee has engaged headhunters to assist with a hunt for its next corporate…