Business

U.S. President Joe Biden gestures as he arrives to Dover Air Force Base in Dover, Delaware, U.S., September 27, 2024.  Elizabeth Frantz | Reuters U.S. President Joe Biden said on Sunday he did not intend to intervene to prevent a port strike on the East Coast and Gulf of Mexico if dock workers failed to

Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water

A view of a SpaceX rocket, as seen across the Rio Grande in Brownsville, Texas, U.S., July 22, 2024.  Veronica Cardenas | Reuters SpaceX launched a rescue mission for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year. The capsule rocketed

Like an emptying bath, Thames Water’s downward spiral is accelerating as it gets closer to the plughole. The last week has seen a flurry of developments in the saga of Britain’s biggest water company, the outcome of which matters not just to its customers and investors, but the UK’s credibility as a haven for overseas

Republican presidential nominee and former U.S. President Donald Trump speaks to the press at Trump Tower in New York City, U.S., September 26, 2024. REUTERS/David Dee Delgado David Dee Delgado | Reuters Donald Trump on Friday called for Google to be criminally prosecuted for what the Republican presidential nominee called the company’s bias toward his

Boeing and union negotiators will meet later in a fresh bid to end strikes by workers that have hammered plane production, exacerbating the fallout from the company’s safety crisis. The company, which is bidding to revive its fortunes under a new chief executive, has more than 32,000 staff refusing to work. They walked out of

Investors looking to get in on the recent rise in real estate stocks should focus on quality, according to Bank of America. The real estate sector of the S & P 500 has been moving higher over the past month or so and is now up 10% year to date, after being in the red

Jaguar Land Rover (JLR) has revealed a further £500m investment in its Halewood plant on Merseyside to bolster future production of all-electric cars at the site. The country’s largest automotive manufacturer, which revealed plans in 2023 to produce the first emission-free model at Halewood in early 2025, is now targeting a timeframe later that year.

The U.S. Secret Service insignia is pictured on a wall at the Secret Service headquarters in Washington. Kevin Lamarque | Reuters The U.S. Secret Service is investigating allegations that one of its agents sexually assaulted a female staff member of the office of Vice President Kamala Harris, the agency confirmed Wednesday. The agent allegedly forced

The owner of the London Stock Exchange is hunting a buyer for its stake in Euroclear, the financial markets infrastructure provider, in a deal which could generate proceeds of about £500m. Sky News has learnt that London Stock Exchange Group (LSEG) has hired bankers at JP Morgan to offload its interest of just below 5%

The competition among ETF issuers to find a new way to squeeze the most income out of stock portfolios expanded again on Tuesday, with a new fund from Pacer that aims to deliver amplified dividends. The firm launched the Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (QSIX) , a sister fund to the US Large

TikTok has said it’s removed accounts associated with Russian state media for “engaging in covert influence operations”. It’s part of the site’s efforts to prevent disinformation in the run up to November’s US presidential election. Accounts affected are those from media group Rossiya Segodnya, which owns the RIA Novosti and Sputnik news services; and TV-Novosti,

Numerous retailers and home improvement stocks could outperform over the next year as the Federal Reserve begins its interest rate-cutting cycle. CEO and chief research officer Dana Telsey pointed out that retail stocks on average beat the S & P 500 in the nine months after the U.S. central bank begins to ease monetary policy.

Trinny Woodall, the prominent entrepreneur, has secured a £15m financing boost as part of plans to expand her beauty empire. Sky News has learnt that Trinny London, which was founded in 2017, has struck a deal with Aurelius Finance Company, a private debt provider, to provide working capital to it. Industry sources said the agreement

It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve’s half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing

A British hypersonic aviation pioneer is this weekend closing in on a £20m rescue deal that will see a Gulf-based sovereign fund becoming its biggest shareholder. Sky News has learnt that Reaction Engines is racing to finalise a two-part financing that will include leading shareholders extending loans to the company before providing a further equity