Business

Morrisons, the UK’s fifth-largest supermarket chain, is exploring a £1bn property deal amid its battle to recapture the ground it has lost to rivals including Sainsbury’s and Aldi. Sky News has learnt that Morrisons, which is based in Bradford, West Yorkshire, has engaged the real estate advisory firm CBRE to evaluate options for raising finance…

Anthropic, one of the biggest and most influential tech companies in the world, is launching a new model: Claude Opus 4.6. Until now, this would mostly be big news for techies, where Anthropic is admired as the maker of Claude Code, the code-writing AI tool which many engineers say is taking over their work entirely….

Andrew Bailey, Governor of the Bank of England, is not given to emotional outbursts or shooting from the hip. Being measured in your public comments is part of the job description for running a central bank, and Mr Bailey has stuck to it since succeeding Mark Carney in 2020. (To understand the constraints of the…

John Healey, the defence secretary, has held urgent talks with the boss of Leonardo, the Italian defence contractor, amid fears for thousands of jobs at a military helicopter factory in Somerset. Sky News has learnt that Mr Healey met Roberto Cingolani, Leonardo’s chief executive, on Friday for talks about an ongoing tender process which could…

A wealth platform which targets professionals whose finances are becoming increasingly complex is raising nearly £8m from a syndicate of investors. Sky News understands that Sidekick, which was founded in 2022, will announce on Friday that it has secured the backing in a Series A round led by Eos Ventures and the Development Bank of…

The London-listed company which wants to extract one of the world’s largest tungsten deposits from a site in Devon is in talks with investors to raise tens of millions of pounds from a share sale. Sky News has learnt that Tungsten West is close to finalising the terms of an equity-raise aimed at providing additional…

The FTSE-100 oil giant Shell is close to unveiling a revamped boardroom pay policy which would see its boss handed a multimillion-pound annual pay incentive. Sky News has learnt that Shell has concluded a consultation with its largest shareholders which could result in Wael Sawan, chief executive, earning at least £4.5m more every year. Investor…

A financial and property technology business which integrates elements of the homebuying process has clinched a $25m funding injection as it seeks to accelerate its expansion. Sky News understands that OneDome will confirm on Wednesday the pre-Series C fundraising, taking the total sum it has raised to $40m. The latest round includes a media-for-equity deal…

The bosses of English football’s new watchdog will next week pitch up to a summit of the game’s most powerful clubs as they await the outcome of the probe into alleged financial improprieties at Manchester City. Sky News has learnt that David Kogan and Richard Monks, respectively the chair and chief executive of the Independent…

SpaceX has announced it has acquired artificial intelligence start-up xAI in a deal that that brings together two companies owned by Elon Musk.  In a statement, Mr Musk said the deal would create “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost…