Business

The Italian-owned business which produces Princes Tuna and the Napolina food brand will unveil plans within days for a London stock market listing expected to value it at about £1.5bn. Sky News has learnt that New Princes – owned by the Italian food company Newlat – was on Thursday applying the finishing touches to an…

Baroness Michelle Mone says she will defy calls for her to step down from the House of Lords after PPE Medpro, a company founded by her husband, was ordered to repay £122m to the government for providing faulty PPE at the height of the COVID-19 pandemic. The peer has faced calls to stand down from…

Elon Musk has become the first person ever to reach a net worth of more than $500bn (£371bn). The milestone was boosted by a recovery in Tesla stock and soaring valuations in the tech entrepreneur’s other startups this year, according to the Forbes billionaires index. Tesla shares had a bumpy start to 2025, but climbed…

An investor in Baller League and the Professional Fighters League is to help fund next year’s launch of R360, a new rugby format which is aiming to entice some of the world’s leading professional players. Sky News has learnt that 885 Capital, an investment firm founded by Sudeep Ramnani and Jai Mahtani, is part of…

The former owner of Wagamama restaurants is in detailed talks to buy Britain’s third-biggest funeral services provider in a deal worth close to £200m. Sky News has learnt that Duke Street is in exclusive negotiations to acquire Funeral Partners from fellow private equity firm Montagu Private Equity. Sources said the talks were ongoing and could…

The energy price cap is on course to remain steady through this winter but may jump in six months’ time, according to a respected industry forecast. Ahead of the 2% rise in the default tariff, which is imposed from Wednesday until the end of December, Cornwall Insight said it was currently predicting that the latest…

The group of lenders which want to take control of Britain’s biggest water utility and keep it out of government ownership are to pledge to the industry regulator that they will not offload the company before the end of the decade. Sky News has learnt that Thames Water‘s largest creditor group, which account for the…

YouTube has agreed to pay $24.5m (£18.1m) to settle a lawsuit brought by Donald Trump after it banned his account following the January 6 Capitol riot. The US president was suspended from the Google-owned platform over his role in the insurrection, which saw his supporters attempt to stop Joe Biden’s 2020 election win from being…

There were times – quite a few of them in the past few months – when people speculated that Rachel Reeves would not survive as chancellor into the winter. It has been an especially bruising year for the Chancellor of the Exchequer – from the tears in the House of Commons to the various U-turns…

A University of Cambridge spinout which produces medical treatments for horses and livestock will this week announce a near-£5m fundraising from a syndicate of high-profile shareholders. Sky News understands that NoBACZ Healthcare has secured the capital from backers led by The Yield Lab, a specialist investor in European agriculture and food technology businesses. Adjuvo, the…