Business

The head of Britain’s main banking lobby group has warned the chancellor against a budget raid on the industry, arguing that it would undermine her aim of delivering sustainable economic growth. In a letter to Rachel Reeves seen by Sky News, David Postings, the chief executive of UK Finance, said renewed speculation about increases to…

Beauty chain Lush has shut its UK shops, website and factories in protest at the Israeli government “preventing urgent humanitarian assistance from entering Gaza”. In a statement, the firm said more action was also needed by the British government “to bring an immediate stop to the death and destruction, including an end to arms sales…

Angela Rayner’s explanation for her failure to pay the correct stamp duty on her home in Hove rests on a claim that she was wrongly advised about her tax exposure when buying the property earlier this year. Following media reports that she had avoided tax of up to £40,000 she took fresh advice and now…

More than a thousand high street jobs will be put at risk this week when Bodycare, the health and beauty retailer, is forced to call in administrators. Sky News has learnt that Bodycare, which was founded on a Lancashire market stall more than half a century ago, is expected to appoint administrators from Interpath Advisory…

A US federal judge has ordered a major makeover of Google’s search engine in a crackdown aimed at addressing the damaging effects of monopolistic practices. In an effort to curb Google’s influence, Washington DC Judge Amit Mehta has introduced new limitations on how the company directs traffic to its search engine. He is requiring the…

The Dubai-based fund which owns the Emirates airline is exploring a sale of a quartet of UK-based leisure businesses which include Netflights and Travel Republic. Sky News has learnt that dnata Travel Group, which is part of the Emirates Group of companies, has hired City advisers to conduct a review of strategic options for the…

If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, the Money blog speaks to someone from a different profession to discover what it’s really like. This week we chat to consultant child and adolescent psychiatrist at Berkshire Healthcare NHS Trust, Dr Guy Northover……

Thames Water’s largest group of creditors is to offer an additional £1bn-plus sweetener in a bid to persuade Ofwat and the government to pursue a rescue deal with them that would head off the nationalisation of Britain’s biggest water utility. Sky News has learnt that the senior creditors, which account for roughly £13bn of Thames…

The McLaren Formula One team is to be valued at over £3bn in a deal that will reap a stellar return for the investors which helped bail out its parent company during the pandemic. Sky News can exclusively reveal that McLaren Group’s owners – Mumtalakat, the Bahraini sovereign wealth fund, and Abu Dhabi-based automotive investment…

The vast majority of policymakers in Westminster, let alone elsewhere around the UK, have never heard of the Shanghai Cooperation Organisation, the geopolitical grouping currently holding its summit at Tianjin, but hear me out on why we should all be paying considerable attention to it. Because the more attention you pay to this grouping of…