Business

BP is parting ways with the chief executive who led its early drive for increased profits from oil and gas, after investor pressure for more progress. It was announced after markets had closed in the US last night that Meg O’Neill, the head of Australia’s Woodside Energy since 2021, would take over from Murray Auchincloss….

Executives at Vodafone will next month meet parliamentarians amid growing scrutiny of its treatment of dozens of its retail franchisees, which a prominent MP said possessed “uncomfortable echoes of the Post Office [Horizon IT] scandal”. Sky News understands that senior executives from the FTSE-100 telecoms giant will hold talks with MPs, including the Reform deputy…

The chairman of Ocado Group has been recruited to the board of Visma, the European software company which is preparing one of the London stock market’s biggest debuts for years. Sky News has learnt that Adam Warby will become a non-executive director of Visma, with an announcement likely as early as Friday, according to banking…

TikTok’s Chinese owner has signed a deal to sell the company’s US arm to American investors – ensuring the video platform can continue operating in the United States. The deal is expected to close on 22 January 2026, according to an internal memo seen by Sky News’ US partner, NBC News. It will end years…

Black Friday sales do not appear to have provided much cheer for retailers amid continued consumer caution, according to official figures. The Office for National Statistics (ONS) reported a 0.1% decline in sales volumes during November, compared to the previous month, when the data is adjusted for seasonal effects due to the pre-Christmas shopping bonanza…

WH Smith is being investigated by the City watchdog after the company revealed accounting failures in its US operations. The Financial Conduct Authority (FCA) said: “The investigation concerns potential breaches of UK Listing Principles and Rules and Disclosure and Transparency Rules in relation to the matters announced by WH Smith PLC on 19 November 2025.”…

One of the world’s biggest esports organisations is exploring a sale that could value it at about $100m (£74.7m) after receiving approaches from potential buyers. Sky News has learnt that Fnatic, which is based in east London, is working with advisers to field interest from third parties in a minority investment or full takeover of…

The £100 cap on contactless card payments is to be lifted – under changes that will allow some shoppers to set their own limits. Under the plans, from the Financial Conduct Authority (FCA), banks and other card providers with strong fraud controls will be able to set their own rules for such transactions from 19…

For all the brinkmanship, for all the high stakes and attempts to wield maximum leverage, in the end, there was clear recognition from both the US and China that a degree of stabilisation was necessary. The fact that some progress has been made on a relatively wide range of issues speaks to that. But there…

A group of senior City figures is in talks to raise hundreds of millions of pounds for a new listed vehicle that would be used to target a major corporate takeover. Sky News has learnt that JRJ Group, which was co-founded by the former Lehman Brothers executives Jeremy Isaacs and Roger Nagioff, is orchestrating talks…