Business

Kwasi Kwarteng, the business secretary, has ordered officials to launch a national security probe into the £2.6bn takeover of Ultra Electronics, a key supplier of military technology, by Cobham, the former London-listed defence group. Sky News has learnt that Mr Kwarteng has told civil servants at the Department for Business, Energy and Industrial Strategy (BEIS)
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Best-selling author, publisher, and mentor Adriana Monique Alvarez is rewriting the future of publishing with a female-led revolution that is challenging time-honored traditions.  Once exclusively dominated by men, publishing is today being turned on its head by Alvarez and her company AMA Publishing, which is mentoring women step-by-step in the business of setting up their
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Taxpayers will spend decades exposed to financial risks from the government’s coronavirus spending, according to a committee of MPs. Parliament’s public accounts committee (PAC) has produced two reports related to the crisis, the first of which warns that Britain will be exposed to “significant financial risks for decades to come”. The cost of government measures
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The UK’s economic bounce-back has slowed sharply partly thanks to the impact of the “pingdemic” causing workers to isolate, according to a key business survey. A “flash” estimate of private sector activity for July showed the weakest expansion since March as Britain’s firms battle to recover from the coronavirus crisis. The reading of 57.7 –
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Emergency measures to exempt food supply chain workers from coronavirus self-isolation rules will not be extended to other businesses, Environment Secretary George Eustice has told Sky News. On excluding other sectors such as hospitality, the cabinet minister said he understood it was frustrating, but stressed the need to “dampen the pace and velocity” at which
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Supermarkets Sainsbury’s, Iceland and Co-op have revealed they are suffering stock shortages as concerns grow about the impact of the so-called “pingdemic”. Sainsbury’s, Britain’s second biggest supermarket, said it “might not always have” products customers want while Iceland revealed it was also being hit and urged customers not to stockpile. Co-op said it was “running
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The government is “very concerned” about the numbers of people being pinged by the NHS app, the business secretary has told Sky News. Speaking to Kay Burley, Kwasi Kwarteng said ministers were “monitoring” the situation and would be setting out a list of exempt critical workers “very soon”. Live COVID updates from the UK and
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Boris Johnson has apologised to businesses impacted by a rising number of staff members having to self-isolate due to coming into close contact with a positive coronavirus case. Speaking at the last PMQs before the summer recess, the prime minister – himself isolating at Chequers after coming into contact with COVID-positive Health Secretary Sajid Javid
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The government will not draw up a list of critical jobs that will be exempt from full self-isolation if workers are “pinged”. Instead, employers will have to apply to government departments to allow workers to effectively circumvent the rules. Boris Johnson announced on Monday that critical workers, who have been fully vaccinated for at least
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