Business

An influential committee of MPs is seeking COVID-19-style financial support for Jaguar Land Rover as it tries to recover from a cyberattack. After a week of plant closures, the Committee for Business and Trade has written to the chancellor, asking her what is being offered to the carmaker “to mitigate the risk of significant, long-term…

Vue, Europe’s largest cinema operator, will on Friday announce the appointment of a new finance chief as its owners pave the way for a strategic review which could lead to a stock market flotation. Sky News has learnt that James McArthur, the former chief financial and transformation officer at HK Expeditions, the global expedition cruise…

The John Lewis Partnership (JLP) has blamed budget tax hikes for a deeper half-year loss. The UK’s largest employee-owned business, which owns John Lewis department stores and Waitrose supermarkets, reported a headline loss before tax and exceptional items of £34m for the six months to 26 July. That compared to a £5m loss in the…

Investors in the digital wallets provider Curve are embroiled in a furious row over the proceeds from the company’s impending £120m sale to Lloyds Banking Group. Sky News has learnt that a number of shareholders in Curve have told the company’s board they object to the proposed distribution of the funds triggered by a deal…

Jaguar Land Rover (JLR) says it now believes that “some data has been affected” in the cyber attack on the company last week. The British car maker shut down operations when it spotted the attack last Tuesday, and its staff have been told to stay at home since. Sky News understands it will now be…

One of the great tragedies of the way immigration policy has been debated in this country for years, if not decades, is that the conversation is mostly voiced in emotive rather than rational terms. Those who air fears about the flows of foreign-born people into the UK are dismissed as bigots (most famously by Gordon…

The owner of Argos’s store card division is on the brink of a deal with one of the world’s largest private equity investors that will value it at about £1.7bn. Sky News has learnt that the owners of NewDay Group, which has millions of customers in the UK, were on Tuesday evening close to signing…

Justin King, the former J Sainsbury chief executive, has pulled out of the race to chair Channel 4, the state-owned broadcaster. Sky News has learnt that Mr King informed government officials earlier this month that he was no longer a potential successor to Sir Ian Cheshire. His exit from the recruitment process leaves existing Channel…

Staff of Jaguar Land Rover (JLR) have been told to stay home for a further day, Sky News understands, as the carmaker struggles to recover from a cyber attack. Employees of the British company have now been told to remain off work until Wednesday. Previously, workers were directed not to return until Tuesday. A decision…

The boss of Nvidia, the chipmaker which has become the world’s most valuable public company, is among the corporate chiefs lining up to accompany US President Donald Trump on next week’s state visit to the UK. Sky News has learnt that Jensen Huang, the Nvidia chief executive who has presided over the stratospheric rise in…