Business

Google could be forced to change its search engine in the UK to give consumers more choice and control over how they interact with its search services, the competition regulator has warned. The Competition and Markets Authority (CMA) has laid out potential remedies Google may have to make, including allowing people to easily switch search…

Global oil costs have fallen back sharply amid hopes that a ceasefire between Israel and Iran will end the threat of disruption to crucial energy flows for the world economy. The cost of a barrel of Brent crude, the international benchmark, was as high as $81 late on Sunday night as financial markets opened in…

Smith & Williamson (S&W), the private equity-backed professional services firm, has tabled an approach that would result in the break-up of the London-listed investment bank Cavendish. Sky News has learnt that S&W, which itself was part of Evelyn Partners until earlier this year, made an offer in recent weeks to acquire Cavendish’s mergers and acquisitions…

Amazon has said it will invest £40bn in the UK over the next three years as it creates thousands of jobs and opens four new warehouses. The online shopping giant will build two huge fulfilment centres in the East Midlands, which it expects to open in 2027. The exact locations are still to be revealed….

Joining Darren McCaffrey are former secretary of state for Business, Energy and Industrial Strategy Greg Clark, and AJ Bell’s Russ Mould.

A health and beauty retailer founded on a Lancashire market stall more than half a century ago is lining up a debt funding package three years after it was sold. Sky News understands that Bodycare, which trades from about 130 stores across the UK, is close to unveiling new financing provided by Aurelius, the private…

The government’s industrial strategy aims to harness the best of British business, from automotive to video gaming via the City and life sciences, in order to deliver the economic growth on which all else depends. A year in the planning with a 10-year horizon for delivery, in its final months it was hijacked by a…

A violin worth more than £150,000 was stolen from a London pub – with police appealing for help to find the 285-year-old instrument. The violin belongs to a member of the London Philharmonia Orchestra who was in The Marquess Tavern in Islington on 18 February when it was taken. It was made in Florence in 1740…

Sam Laidlaw, the former boss of Centrica, is among the candidates being considered as the next chairman of BP, Britain’s besieged oil and gas exploration giant. Sky News has learnt that Mr Laidlaw is being considered by BP board members as a potential successor to Helge Lund, who announced in April that he would step…

A savings and retirement services group backed by Apollo Global Management is plotting a multibillion pound takeover of Pension Insurance Corporation (PIC), one of the City’s biggest specialist insurers. Sky News has learnt that Athora, which was established by Apollo, the US-based alternative investments giant, is in talks to acquire control of PIC. If successfully…