Business

New Look is to hire investment bankers to undertake a strategic review which is expected to trigger an auction of the high street fashion chain. Sky News has learnt that New Look’s owners, who are led by the investment firm Alcentra, have opened talks with banks about advising on a process to take place during…

Police investigating the Horizon Post Office scandal have now identified seven suspects, with more than 45 people classed as “persons of interest”. A “scaled-up” national team of officers has been in place for over six months as part of Operation Olympos – dedicated to looking at crimes related to the Horizon Post Office scandal. The…

The extent of the harm inflicted on UK car exporters from US tariffs has been revealed, with shipments plunging by more than half last month according to industry figures. The Society of Motor Manufacturers and Traders (SMMT) said the number of UK-made cars heading across the Atlantic fell 55.4% during May following a decline of…

Sky Deutschland has been sold to multinational media conglomerate RTL Group for an initial €150m. The businesses are merging to create a brand with around 11.5 million paying subscribers. The Sky Deutschland entity serves Germany, Austria, and Switzerland with customers in Luxembourg, Liechtenstein and the South Tyrol province of Italy with programming that includes live…

Ten million pounds is to be spent on fixing shortfalls in the core numbers produced by the Office for National Statistics (ONS) amid a continuing lack of confidence in their accuracy. The body is tasked with producing official figures covering key areas of the economy and societal trends. It has faced particular criticism over the…

Every Thursday, our Money blog team interviews chefs from around the UK, hearing about their cheap food hacks and more. This week, we chat to Mike Reid, renowned TV chef and “Aussie Beef Mate”. Good food doesn’t have to be expensive… tasty food is simply tasty food. Obviously, better ingredients and produce (which would usually…

Train journeys can be frustrating at the best of times – with passengers having to put up with delays, noisy commuters or a lack of available seats. However, train users could soon have one less thing to worry about as mobile signal blackspots – where the internet cuts out and pauses your favourite TV show…

One of the largest sponsors of international students at British universities has landed tens of millions of pounds of new funding from two major investment firms. Sky News has learnt that Study Group, which was acquired by the French private equity group Ardian in 2019, has sealed a deal which will see it become majority-owned…

Plans to better protect vital UK industries and help businesses export have been revealed by the government, as the world continues to grapple with the effects of Donald Trump’s trade war. A trade strategy, to be published on Thursday, aims to make the UK the best-connected country to do business, aided by looser regulation and…

The government is snubbing a £25bn renewable energy project which promised to import enough solar and wind power from Morocco to meet nearly a tenth of the UK’s electricity demand. Sky News has learnt that Ed Miliband, the energy security and net zero secretary, has decided not to proceed to formal negotiations with Xlinks, a…