Business

Dozens of Ted Baker stores will shut for the last time this week amid growing doubts over a future licensing partnership with the retail tycoon Mike Ashley. Sky News understands that talks between Mr Ashley’s Frasers Group and Authentic, Ted Baker’s owner, have stalled three months after it appeared that an agreement was imminent. Administrators

When Kamala Harris chose Minnesota Governor Tim Walz, a former teacher, as her running mate, experts noted he could bring a revitalized policy focus on child care and early childhood. As governor, Walz expanded state child tax credits and built a paid family leave program. Walz also distributed funds to boost early child-care professional wages

The private equity backer of Six Nations Rugby is plotting to buy a stake in one of Britain’s biggest audit firms – a deal which could have ramifications across the professional services sector. Sky News has learnt that CVC Capital Partners is among the buyout firms preparing to table bids for a controlling stake in

U.S. Vice President Kamala Harris speaks next to U.S. President Joe Biden at an event in Prince George’s County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | Reuters President Joe Biden’s role at the Democratic National Convention next week may have been dramatically reshaped by his decision to end his bid for a second term, but

Tesco has recalled its “melt in the middle” meat-free burgers due to a “burn risk”. The product recall relates to the 240g Tesco Plant Chef 2 Meat-Free Burgers with Melting Middle. The recall, issued on Friday, states: “Tesco are taking the precautionary step of recalling Tesco Plant Chef 2 Meat-Free Burgers with Melting Middle because

Hugh Jackman and Ryan Reynolds star in Marvel’s “Deadpool and Wolverine.” Disney The trio of Ryan Reynolds, Hugh Jackman and Shawn Levy have captured lightning in a bottle with “Deadpool & Wolverine.” As of Thursday, the Disney and Marvel film is the highest-grossing R-rated title of all time, surpassing Warner Bros.’ “Joker.” With $516.8 million

Ed Sheeran has bought a 1.4% stake in Ipswich Town, it has been revealed. The singer – who has sponsored the team’s shirts since 2021 – has signed on as a “passive” investor and will not become a board member, the football club confirmed. However, as part of the deal, Sheeran will receive perks such

United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024. Hyoung Chang | Denver Post | Getty Images United Airlines CEO Scott Kirby says he is optimistic about Boeing‘s recovery after meeting with the manufacturer’s new chief executive. It’s an upbeat

Europe’s largest tour operator has reported a record-breaking quarter amid “strong demand” for holidays. TUI said all its divisions had performed well, including its hotels, tours and cruise businesses, with nearly six million holidaymakers travelling with the firm in the three months to the end of June. Total revenues were €5.8bn (£5bn) during the period,

Leading into this week’s inflation reports, the question wasn’t whether the door would be open for interest rate cuts, but rather if the Fed would choose to creep inside or rush. After data on consumer and producer prices, the matter seems to be cleared up if only a little: Markets now expect a better chance

General Motors is being accused of collecting data about the “bad” habits of drivers and selling it on to insurers.  The state of Texas is suing the car company over the allegations, claiming it installed technology on more than 14 million vehicles to collect data about drivers. The lawsuit alleges GM – which manufactures brands

Stocks have made a nice comeback after testing support last week in the wake of a violent summer swoon tied to the yen carry trade. We now have overhead resistance to contend with that must be exceeded before we can all take a big exhale and maybe enjoy the last few weeks of summer. I

Heathrow Airport has claimed it has suffered a 90,000 decline in passenger numbers on routes affected by a new £10-per-person government scheme. Bosses described the electronic travel authorisation (ETA) system, which was introduced by the Conservative government in November 2023, as “devastating for our hub competitiveness”. The digital permits are required for nationals of seven

Morgan Stanley’s preference for defensive quality stocks has only increased since June, even as major U.S. indexes have continued to reach new highs. “After a substantial rise in volatility the past two weeks, markets (and investors) are looking for direction. Our view remains that growth is now the primary concern for equity investors, rather than

The private equity backer of Zip World, the operator of the world’s fastest zip line ride, is putting its stake in the business up for sale. Sky News understands that LDC, which is part of Lloyds Banking Group, has appointed corporate financiers at KPMG to oversee an auction. Zip World operates seven sites in Wales,

Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney The “Merc with a Mouth” is breaking even more box office records. Over the weekend, Disney and Marvel’s “Deadpool & Wolverine” became only the second R-rated film to top $1 billion at the global box office. And it’s on its way to becoming