Business

Sir Keir Starmer will vow on Tuesday to “reverse a decade of decline” and to “fix the foundations” of the UK economy. Delivering a much-trailed speech in the gardens of Downing Street ahead of parliament’s return next week, the prime minister will acknowledge the state of the public finances but pledge to “do the hard

Eli Lilly and Co. (LLY) has gained roughly 63% this year, outperforming the S & P 500 Pharmaceuticals index by over 40%. The strong outperformance from LLY has been associated with strong underperformance by other high-profile stocks within the industry group. They may be ready to catch up, according to the charts. Bristol-Myers Squibb Co.

The jersey Babe Ruth wore when he “called the shot” in the 1932 World Series before hitting a home run has sold at an auction for over $24.1m (£18.1m) – making it the most expensive sports memorabilia ever. The shirt, which sold at Heritage Auctions, tops the previous record held by fellow Yankee Mickey Mantle’s

Telegram founder and CEO Pavel Durov AOP.Press | Corbis | Getty Images  Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, a police source said. The arrest of the

A British fraud detection company backed by Mike Lynch, the technology entrepreneur who died this week, is in talks about a sale to Visa, the American payments giant, worth hundreds of millions of pounds. Sky News has learnt that Featurespace, which was founded in 2008 and is headquartered in Cambridge, is in advanced negotiations about

For years, I didn’t enjoy eating at fine dining establishments. The staff was always overly formal, the menu items were unfamiliar, and the restaurants were rarely transparent about how much it would all cost. Many diners share this sentiment, says Tara Lewis, a trend expert and vice president of consumer expansion at Yelp. “If you

The energy price cap will rise in October to an annual average of £1,717. Industry regulator Ofgem said the 10% rise was largely due to higher wholesale gas prices and urged bill-payers to “shop around” for fixed-rate deals. Money latest:Warning £2,500 will be added to stamp duty ‘overnight’ But the latest increase – which means

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of

A tanker carrying 150,000 tonnes of oil has been damaged in the biggest attack on Red Sea shipping in weeks. The Greek-flagged MV Sounion was reportedly hit by at least four projectiles as men in several small boats opened fire on the vessel about 90 miles off the coast of the Yemeni port city of

The dominance of megacap technology stocks, dubbed the “Magnificent Seven,” has become a problem for mutual fund managers seeking to diversify their portfolios. The group — which includes Amazon , Microsoft , Meta , Alphabet, Apple , Nvidia and Tesla — has led the current bull market and 2024’s rally, increasing its representation in market

Vessels like Mike Lynch’s stricken superyacht are “unsinkable”, according to the chief executive of the firm which makes and sells them. Giovanni Costantino, CEO of The Italian Sea Group, told Sky News there are no flaws with the design and construction of the Bayesian superyacht which capsized in a storm off the coast of Porticello,

Check out the companies making headlines in midday trading: Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street’s expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed it

Tory leadership hopeful Robert Jenrick has admitted to using the weight loss jab Ozempic but said he “didn’t particularly enjoy it”. The former immigration minister confirmed he took the medication for around six weeks last autumn to slim down. Politics live: Govt under fire over airport decision He said it was “helpful” but he has

Financial markets have given investors several scares and head fakes this summer, but one group is emerging as a winner with a balance of fundamental improvement in its business, and defensive qualities — insurance stocks. The iShares U.S. Insurance ETF (IAK) has gained 8.2% in the third quarter, compared to 2.4% for the S &

British tech tycoon Mike Lynch and his 18-year-old daughter are among six tourists missing after a luxury yacht sank in a tornado off the coast of Italy. One person has been confirmed dead, believed to be the vessel’s Canadian chef, while four of the missing passengers are British and two American, according to Italian newspaper

Much of the anticipated upside from Apple ‘s artificial intelligence strategy may already be priced into the stock, according to MoffettNathanson. Analyst Craig Moffett initiated coverage of the iPhone maker on Monday with a neutral rating and $211 price target, arguing that while Apple is poised to win the AI race, the news is already