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Britain is “firmly on track” to meet its clean power targets for 2030, according to the government following a record offshore wind auction. It has awarded contracts to supply 8.4 gigawatts (GW) of new offshore wind power – enough to power 12 million homes. The auction is part of efforts to ease the country away…
The investment industry has intensified warnings to the government over plans to limit cash ISAs, arguing that they risk undermining British investors’ willingness to back listed companies. Sky News has learnt that a meeting on Tuesday involving major industry players including Hargreaves Lansdown, HSBC and Lloyds Banking Group, along with officials from the Treasury and…
The governor of the Bank of England has joined a chorus of opposition to the treatment of his US counterpart following revelations he is facing a criminal inquiry. Andrew Bailey is among a group of global central bank bosses to sign a statement backing Federal Reserve chair Jerome Powell. He revealed on Sunday that he…
A hostile takeover bid for media giant Warner Bros Discovery (WBD) has ratcheted up with entertainment conglomerate Paramount taking legal action to force the release of financial data. Paramount Skydance, which owns film production company Paramount Pictures and TV network CBS, has filed a law suit seeking to compel WBD to disclose to shareholders how…
The investment vehicle set up to house a string of prominent sports assets is launching a β¬2.7bn (Β£2.3bn) debt-raising process aimed at funding its ambitions to become a global powerhouse. Sky News has learnt that Global Sport Group (GSG), which is owned by CVC Capital Partners and counts a stake in Six Nations Rugby among…
Jamie Dimon, the JP Morgan Chase chief, and Rachel Reeves, the chancellor, will jointly host an event at next weekβs World Economic Forum, two months after the Wall Street behemoth said it would open a vast new office in London in the wake of a budget which exempted the banking sector from punitive tax rises….
The UK’s largest supermarket chain had its busiest days ever over Christmas, reporting “strong” growth thanks to sales of fresh food as customers sought to eat more healthily. Tesco’s busiest ever days were 22 and 23 December, the group said. Behind the recorded 3.7% UK sales growth in the 19 weeks to 3 January was…
WH Smith, the London-listed travel retail group, is drawing up plans to identify a new chairman amid a battle to restore investors’ faith in the company. Sky News has learnt that a search for two new non-executive directors is expected to lead to the recruitment of a candidate capable of replacing Annette Court within about…
The company behind London’s Pride parade recorded a Β£120,726 loss in 2024, latest accounts show. The entity that runs the capital’s annual LGBT+ event had made Β£204,368 in profit the previous year. It comes as Pride organisations have been struggling with running costs. Major cities across the UK had either paused the running of full…
The owner of The Very Group, one of Britain’s biggest online shopping platforms, is to launch a Β£2bn auction of the company just months after taking control. Sky News has learnt that Carlyle, the American private equity giant, is lining up Barclays and JP Morgan to handle a sale of Very, which sells a wide…
