Business

The world’s most valuable company, and first to be valued at $4trn (£2.9trn), beat market expectations in keenly anticipated financial results. Microchip maker Nvidia recorded revenues of $46.7bn (£34.6bn) in just three months up to July, latest financial data from the company showed, slightly better than Wall Street observers had expected. The company’s performance is…

The investment giant which owns Wagamama restaurants is among the potential suitors circling Costa, Britain’s biggest high street coffee chain. Sky News has learnt that Apollo Global Management, which owns Wagamama’s parent company, The Restaurant Group, is one of a small number of suitors to have held initial talks with advisers to The Coca-Cola Company,…

Thousands of consumers been targeted by fraudsters impersonating the Financial Conduct Authority (FCA). The FCA has said it received 4,465 reports of scammers pretending to be the regulator in the first half of the year. Money latest: Another streaming service hikes price – here’s how to beat it It said the fraudsters try to steal…

An AI-powered market research firm backed by The Guardian’s publisher and once valued at $200m has collapsed, triggering dozens of job losses. Sky News has learnt that Streetbees, which has counted Unilever and Vodafone among its clients, fell into administration on Monday after last-ditch efforts to find a buyer proved unsuccessful. The professional services firm…

President Donald Trump says he is firing a governor of the US central bank, a move seen as intensifying his bid for control over the setting of interest rates. He posted a letter on his Truth Social platform on Monday night declaring that Lisa Cook – the first black woman to be appointed a Federal…

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The water industry watchdog is probing payments to the bosses of a string of suppliers following the revelation that Yorkshire Water’s offshore parent company had handed its chief executive more than £1m in previously undisclosed fees. Sky News has learnt that Ofwat, which is to be abolished by the government in the coming years, wrote…

Consumer confidence has reached its highest point this year – driven by the Bank of England’s interest rate cuts. The long-running GfK Consumer Confidence Index shows an improvement in how Britons have felt about their personal finances over the past 12 months, as well as in the year ahead. August’s overall index score rose by…

The British-based bank Shawbrook is in talks to buy ThinCats, a lender to medium-sized businesses, in a deal worth about £180m. Sky News has learnt that the two companies are in exclusive discussions about a deal following an auction of ThinCats conducted by bankers at Fenchurch Advisory Partners. Sources said the exclusivity period was due…

The owners of New Look, the high street fashion retailer, have picked bankers to oversee a strategic review which is expected to see the company change hands next year. Sky News has learnt that Rothschild has been appointed in recent days to advise New Look and its shareholders on a potential exit. The investment bank’s…