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The man dubbed “Britainβs most hated boss” for his controversial policy of sacking hundreds of seafarers and replacing them with cheaper agency staff is to quit. Sky News can exclusively reveal that Peter Hebblethwaite, the chief executive of P&O Ferries, is leaving the company. Sources said he had decided to resign for personal reasons. Money…
Donald Trump has cancelled a loophole from today that had allowed consumers and businesses to be spared duties for sending low-value goods to the United States. The so-called de minimis exemption had applied across the world before Trump 2.0 but the president has taken action – and the UK may soon follow suit – as…
The private equity firm founded by Guy Hands, the veteran financier, is exploring an offer to buy Hotel du Vin and Malmaison, two of Britain’s best-known hotel chains. Sky News has learnt that Terra Firma Capital Partners, which is now run by Mr Hands’ son, Richard, is among the suitors who have been in talks…
The manufacturer of the popular weight loss drug Mounjaro has paused shipments to the UK ahead of an upcoming price hike. US pharma company Eli Lilly said the pause was to manage its supply and ensure patients maintain access to the drug ahead of the hike in September. It added it has allocations in place…
The world’s most valuable company, and first to be valued at $4trn (Β£2.9trn), beat market expectations in keenly anticipated financial results. Microchip maker Nvidia recorded revenues of $46.7bn (Β£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…
Sky News has launched a free Money newsletter – bringing the kind of content you enjoy in the Money blog directly to your inbox. Each Friday, subscribers get exclusive money-saving tips and features from the team behind the award-winning Money blog, which is read by millions of Britons every month. Sign up today and this…
