Sky News Business @SkyNewsBiz
The latest updates from the @SkyNews business desk London, UK Joined February 2010-
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The extraordinary, unprecedented and largely unexplained flows of millions of pounds of British luxury cars into states neighbouring Russia continued in February, according to new official data. Read more by Sky's economics and data editor @EdConwaySky 🔗 news.sky.com/story/russia-s…
The owner of Superdry's flagship store in central London is weighing a challenge to a rescue plan that would impose steep haircuts on the struggling chain's landlords. Read more 🔗 news.sky.com/story/superdry…
NatWest Group has become the latest UK banking giant to report a sharp drop in earnings for the first three months of the year. Read more 🔗 news.sky.com/story/natwest-…
More than half of all new electric cars sold worldwide are from China and it can make them cheaper and faster than its competitors. Read more 🔗 news.sky.com/story/theres-a…
Liz Truss has acknowledged she and her government lost the confidence of financial markets following the mini-budget of October 2022 – but has refused to apologise to homeowners for higher interest rates. Click below to read more on this story 🔗news.sky.com/story/liz-trus…
The private equity titan Blackstone is this weekend drawing up plans for a £1.2bn takeover bid for the owner of songs performed by Blondie, the Kaiser Chiefs and the Red Hot Chili Peppers. Read more on this story🔗 news.sky.com/story/blacksto…
BREAKING: Pension funds brace for £30bn hit from Gove leasehold reforms Read more 🔗 news.sky.com/story/pension-…
An HSBC-backed technology company which was in talks to raise funding at a valuation of over £1bn four years ago is to break itself up amid mounting losses. Click the link to read more on this exclusive story 🔗 news.sky.com/story/hsbc-bac…
There was a worse than expected performance for retail sales last month, defying predictions of a consumer-led pick up from recession for the UK economy. Read more 🔗 news.sky.com/story/retail-s…
BREAKING: Grocery delivery app Getir prepares to exit UK market Read more on this story 🔗 news.sky.com/story/grocery-…
The budget was delivered just 105 days after the autumn statement and it showed, writes Sky's business correspondent @pkelso. Click the link below to read his analysis ⬇️ news.sky.com/story/budget-2…
How Budget 2024 had a smaller impact on public finances than the autumn statement | Analysis by Sky's economics and data editor @EdConwaySky Clink below to read more 🔗 news.sky.com/story/how-budg…
Marks and Spencer co-chief executive Katie Bickerstaffe is to leave the business after just two years in the role, the company has announced. Read more 🔗 news.sky.com/story/m-s-reve…
BREAKING: Nationwide agrees terms for £2.9bn takeover of Virgin Money Read more 🔗 news.sky.com/story/nationwi…
BREAKING: Chancellor to unveil two-year extension to recovery loan scheme Read more 🔗 news.sky.com/story/chancell…
British Land, Microsoft and Vodafone are among the backers of a new business coalition that will launch this week with the aim of tackling the UK's perennially weak productivity. Read more 🔗 news.sky.com/story/new-busi…
Rolls-Royce Submarines has announced more than 200 jobs will be created with the opening of two new offices in Scotland and Wales. Read more 🔗 news.sky.com/story/rolls-ro…
Shares in the troubled UK music investor Hipgnosis Songs Fund hit a record low on Monday after the value of its portfolio was cut and said it had halted investor payouts "for the foreseeable future". Read more 🔗 news.sky.com/story/hipgnosi…
Apple has been fined €1.8bn (£1.54bn) by the EU for favouring its own music streaming service rather than rivals. Read more 🔗 news.sky.com/story/apple-fi…
Lucy Frazer rebukes Telegraph directors over removal of newspaper bosses Read more 🔗 news.sky.com/story/frazer-r…
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I am delighted to have been appointed Secretary of State for Energy Security and Net Zero. I will work with the Prime Minister to safeguard our energy security, reduce bills for families, and build cleaner, cheaper, homegrown energy.
Claire Coutinho MP @ClaireCoutinho has been appointed Secretary of State for Energy Security and Net Zero @energygovuk