Business

The state pension is likely to rise by 4.7% in April, after the latest official figures showed this was the pace of wage growth. The pension is determined by the triple lock, which means it will rise every year by whichever is highest: inflation in September, average weekly earnings from May to July or 2.5%….

Shares in Tesla have surged on news that Elon Musk has snapped up stock worth more than $1bn (£741m), bolstering investor hopes the tycoon is committed to its recovery. The purchase was revealed in a filing which showed the billionaire had bought more than 2.5 million shares last week. Tesla‘s shares, largely flat in the…

English football’s new watchdog is convening its inaugural summit early next month despite being warned of a clash with the annual gathering of Europe’s main clubs association. Sky News understands that the Independent Football Regulator (IFR) has invited all 116 clubs in the Premier League, English Football League and National League to a meeting in…

The prime minister has hailed a new “golden age” of nuclear power as British and US companies announce five new commercial deals, ahead of the US president’s state visit this week. The plans include a new nuclear power plant in Hartlepool using latent, potentially cheaper technology and data centres powered by mini reactors in Nottinghamshire….

Lord Hammond, the former chancellor of the exchequer, is preparing to step down as chairman of Copper, the digital assets group, as it reorients its growth plans away from the UK to the US market. Sky News has learnt that Copper’s board is in the process of recruiting a successor to Lord Hammond, who served…

The UK government has announced more than £1.25bn in private US investment in the UK’s financial services sector ahead of US President Donald Trump’s second state visit. The new US investments are expected to create 1,800 jobs and boost benefits for millions of customers across the country, the UK government said. The deal secures £20bn…

Britain’s biggest online diamond jewellery retailer is exploring the sale of a stake in the business to outside investors for the first time in its 69-year history. Sky News has learnt that The Diamond Store, which is owned by its founding family, is working with advisers on a process to bring in new backers amid…

The owner of Uswitch, one of Britain’s biggest price comparison platforms, and Zoopla, the online property portal, is plotting a break-up that could lead to the sale of some of Britain’s best-known consumer websites in the next 12 months. Sky News has learnt that Silver Lake Partners, the American private equity firm, has hired two…

The world’s largest money manager will use President Trump’s state visit to the UK next week to unveil a £500m plan to invest in UK data centres, one of the fastest-growing areas of global infrastructure spending. Sky News has learnt that BlackRock plans to announce a joint venture with Digital Gravity Partners, a digital infrastructure…

After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his family to gradually sell off his vast fashion empire. Armani, who died last week at the age of 91, had built the world’s most valuable private luxury brand. Please use Chrome browser for a more accessible video player 3:29…