Business

A US vaccine firm has opened the first mRNA manufacturing plant in the UK, against a backdrop of increasing anti-jab rhetoric back home. The new facility outside Oxford is part of a £1bn investment in the UK by Moderna, which specialises in mRNA. The novel vaccine technology delivered some of the most effective and fastest-to-develop…

A former British Olympic medallist has raised millions of pounds for his digital advertising venture from a prolific backer of UK-based SMEs. Sky News understands that Navigator, which was founded by Steve Rowbotham, who won bronze at the Beijing Games in 2008, will this week announce a £4m funding injection from IW Capital. The deal…

Chancellor Rachel Reeves has been urged to “reject the path of least resistance” and consider increasing taxes in the budget. The Institute for Government (IfG), a leading think tank, said Labour’s “rash” and “unrealistic” approach to tax has left the chancellor reaching for “piecemeal changes”. Politics Hub: Follow the latest political news The government has…

A digital start-up which promises to give small businesses credit decisions within minutes has secured close to £100m of new funding to accelerate its growth. Sky News understands that Triver, which was founded in 2023, will announce on Wednesday the completion of a £14m Series A equity fundraising led by US-based investor AlleyCorp. The equity-raise…

The French infrastructure investor Antin is muscling in on the booming interest in marina assets as it nears a deal to buy the British company Aquavista. Sky News has learnt that Antin Infrastructure Partners is in exclusive negotiations to acquire Aquavista, which owns more than 30 marinas around the UK. Aquavista has been owned by…

The digital wallet provider Curve has scheduled a showdown with investors next week amid anger over the company’s proposed £120m takeover by Lloyds Banking Group. Sky News understands that Curve has agreed to convene an extraordinary general meeting (EGM) in the first few days of October following a demand from IDC Ventures, its biggest external…

High Street beauty chain Bodycare is to close its 56 remaining stores, resulting in 444 redundancies, administrators have said. Last week, it announced the closure of 30 shops, having collapsed into administration earlier this month. A shortage of stock and the cost of running stores meant it was no longer viable to keep its 115…

Donald Trump has revealed that media mogul Rupert Murdoch and his son Lachlan could be part of a deal in which TikTok in the United States will come under American control. The US president also namedropped Michael Dell, the founder and CEO of Dell Technologies, as a possible participant in the deal during an interview…

Gatwick’s second runway has been given the go-ahead by the government. The northern runway already exists parallel to Gatwick‘s main one, but cannot be used at the same time, as it is too close. It is currently limited to being a taxiway and is only used for take-offs and landings if the main one has…

The former head of one of Britain’s leading business groups has been banned from serving as a director for “abusing” state COVID-19 business loans. Award-nominated businesswoman Anna Daroy has 35 years experience advising company boards in the public and private sector and served as the interim director general of the Institute of Directors‎ (IoD), a…