Business

If you eat beef, and ever stop to wonder where and how it’s produced, Jonathan Chapman’s farm in the Chiltern Hills west of London is what you might imagine.  A small native herd, eating only the pasture beneath their hooves in a meadow fringed by beech trees, their leaves turning to match the copper coats…

Russell & Bromley, the family-owned shoe retailer, has drafted in City advisers to raise external funding amid an increasingly competitive high street trading environment. Sky News understands the chain, which was founded in 1880, has appointed Interpath Advisory to help secure financing from lenders. The size of the potential fundraising was unclear on Tuesday. Russell…

Pizza Hut has confirmed the locations of 68 restaurants set to close after the company behind its UK venues fell into administration. It will also shut 11 delivery sites as part of a restructuring, which will put 1,210 workers at risk of redundancy. DC London Pie, the firm running Pizza Hut’s UK dine-in restaurants, appointed…

If you ever fly to Washington DC, look out of the window as you land at Dulles Airport – and you might snatch a glimpse of the single biggest story in economics right now. There below you, you will see scattered around the fields and woods of the local area a set of vast warehouses…

Staff at the Bank of England are on alert for potential job cuts in Threadneedle Street after the governor, Andrew Bailey, warned of tough decisions about the institution’s future cost base. Sky News has learnt that Mr Bailey informed Bank of England employees in a memo last week that it was taking a detailed look…

It’s a question your insurer will never answer: how much does your car insurance go up after a claim? Complex algorithms, individual circumstances, the nature of the accident and a list of other factors are all in play, making a definitive answer hard to come by – especially when your premium often rises each year…

Ministers have unveiled their flagship plan to train and recruit workers for the booming clean energy sector, which it is hoping to supercharge in the next five years. Up to £18m of new money has been pledged by the UK and Scottish governments specifically to move those working in the oil and gas sector into…

The world’s biggest packaged food company, Nestle, is to cut 16,000 jobs in the next two years, it announced on Thursday. The cuts around the world come as the company said it was “automating” its processes and increasing focus on “operational efficiency”. Losses will primarily be in white-collar, professional parts of the business, with 12,000…

The former BT Group chief Philip Jansen is being lined up as the next chairman of Heathrow Airport as Britain’s biggest aviation hub prepares to deliver an expansion costing close to £50bn. Sky News has learnt that Mr Jansen, who chairs the FTSE-100 marketing services group WPP, is in advanced talks with Heathrow’s board and…

A funder of YouTube content creators including the Sidemen has landed £80m in new backing from investors including a firm chaired by George Osborne, the former chancellor. Sky News has learnt that Viewture, which was established in 2020, will next week announce new debt and equity funding packages led by Lingotto, an investment vehicle of…