Business

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 award-winning TV chef Andi Oliver. It’s very hard to make money in hospitality… People think you are making out like a bandit if you have got a busy restaurant five

For three days Donald Trump dominated Davos from a distance. On the fourth, he did it in person, albeit virtually, with a speech that took his threats of economic conflict with Europe directly to its political leaders. Beamed from the White House to the World Economic Forum, he delivered a message of total confidence in

Sainsbury’s has revealed plans to cut more than 3,000 jobs. Head office and senior management roles are among those affected, the chain said. The major overhaul would also see the closure of its remaining 61 in-store cafes, which Sainsbury’s said were no longer used “regularly” by the majority of customers, as well as hot food,

Investors in Klarna have been told to indicate their interest in selling their shares by early next month, in a further indication that the buy now pay later (BNPL) giant is about to kickstart a US listing valuing it at about $20bn. Sky News has learnt that shareholders in one of Europe’s biggest fintechs have

Rachel Reeves risks entering an economic “doom loop” if she continues to cut spending, a former Bank of England chief economist has warned. Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility’s (OBR) forecast in March could lead to less investment and spending. He told Sky

River Island, the privately owned fashion retailer, is preparing to exert a tighter grip on its cost base as the high street faces the prospect of swingeing tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has drafted in AlixPartners to work on a cost reduction and

A British fintech which pledges to improve workers’ financial wellbeing has secured a $5m (£3.9m) seed funding round led by the prominent venture capitalist Notion Capital. Sky News understands that Aslan, which was founded by James Gozney, will announce the fundraising later this week. Aslan provides reward cards offering tax-efficient cashback on everyday spending for

One of the things that made President Donald Trump’s inauguration distinctive was the prominence of Silicon Valley elite. Easily identifiable were the world’s three richest men – Elon Musk, Jeff Bezos and Mark Zuckerberg. And that’s not to mention some of the billionaires not placed directly in view of the cameras. When the riches of

Supermarket chain Morrisons has taken out a High Court injunction preventing anyone from protesting at its sites – amid what it calls a “serious threat” of further action. It comes after dozens of farmers angry at inheritance tax reforms and food prices used tractors to block roads outside the chain’s distribution depot in Bridgewater, Somerset,

The government doesn’t think Donald Trump will impose trade tariffs on the UK, but is “prepared for all scenarios”, a cabinet minister has said.  Darren Jones, the chief secretary to the Treasury, told Sky News’ Sunday Morning with Trevor Phillips that the former president’s return to the White House “could be an enormously positive thing

The private equity owner of Asda has struck a deal to buy a controlling stake in a group which specialises in backing British SMEs. Sky News has learnt that TDR Capital has agreed to acquire a majority interest in CorpAcq, less than six months after the so-called ‘corporate compounder’ aborted a deal to list in

TikTok has said it could go dark on Sunday in the US after the Supreme Court ruled against its bid to avoid a ban that could shut the app down. The looming ban is the end result of 2024 legislation passed on national security concerns that called for TikTok parent ByteDance to sell the popular

The owner of Poundland, one of Britain’s biggest discount retailers, has drafted in City advisers to explore radical options for arresting the growing crisis at the chain. Sky News has learnt that Pepco Group, which has owned Poundland since 2016, has hired consultants from AlixPartners to address a sales slump which has raised questions over

The wife of green energy entrepreneur Dale Vince has been awarded more than £40m by a High Court judge following their divorce. However, Mr Vince said his ex-wife came away from their divorce with £12m less than he offered her four years ago. The pair disputed how their money should be split at a hearing

A week of news showing the UK economy is slowing has ironically yielded a positive for mortgage holders and the broader economy itself – borrowing is now expected to become cheaper faster this year. Traders are now pricing in three interest rate cuts in 2025, according to data from the London Stock Exchange Group. Earlier

Fears have been raised over the robustness of Britain’s trade sanctions against Russia after the main government department enforcing the rules admitted it has no idea how many cases it is investigating. HM Revenue and Customs (HMRC), which monitors and polices flows of goods in and out of the country, says it had no central