Business

The Week, one of Britain’s biggest-selling news and current affairs magazines, has been put up for sale in a move that is likely to attract interest from major newspaper publishers. Sky News has learnt that Dennis Publishing, the magazines and online media group owned by Exponent Private Equity, has hired investment bankers to gauge interest

Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich. Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x

When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them. It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one

The G7 has agreed a deal on tackling corporate tax avoidance by big tech companies. “It’s a proud moment” says Chancellor Rishi Sunak. Mr Sunak said G7 finance ministers had committed to a global minimum tax of at least 15%. Mr Sunak said it “meant the right companies pay the right tax in the right

Businesses looking to secure government contracts will have to pledge to be net zero by 2050 under new requirements. From September, firms seeking public sector contracts worth more than £5m a year will also have to publish “clear and credible carbon reduction plans” before being considered, the Cabinet Office said. The move, which coincides with

The world’s first venture capital fund to be focused on the space industry is plotting a rocket-fuelled launch onto the London stock market amid record levels of funding being ploughed into the sector. Sky News has learnt that an arm of Seraphim Capital is working with bankers on plans for a public share sale that

People hoping for an overseas trip this summer – and those hoping to sell them that break – are furious after the UK government announced changes to the list of approved destinations. Portugal, which had been the only viable popular destination on the green list, will be moved to the amber list. This will mean

The European Court of Justice has ruled that Tesco does not pay female staff the same amount for equivalent work done by male employees, in a landmark judgement that sides with employees of the UK supermarket giant. Thousands of shop floor staff, most of whom are women, have accused Britain’s biggest grocer of paying them up

A group linked to Russia is behind the hacking of the world’s largest meatpacking company, according to a report. JBS employees returned to work on Wednesday, a day after operations in North America and Australia were hit by the ransomware attack. The Brazilian company said it had made “significant progress in resolving the cyberattack”, with

Michael O’Leary, the outspoken chief executive of Ryanair, has said it is “absolutely imperative” that “big tourist destinations” such as Greece and Spain be added to the UK’s green list at the end of this week. “The restrictions should be lifted, we should be allowing British families to travel to the US and Europe, and

The governor of the Bank of England has warned the risks of climate change are not reflected in the market prices of most financial assets. Andrew Bailey was speaking at the Reuters Responsible Business 2021 conference when he said physical risks, such as property damage, could lead to displacement and conflict. This could cut company

Heathrow has opened a dedicated terminal for passengers on direct flights from red list countries, following concerns that they were mixing with those from green and amber nations. Travellers on direct flights from red list destinations will now go through Terminal 3, although a dedicated facility for processing such travellers is eventually planned for Terminal

Wm Morrison Supermarkets is the latest blue-chip company to find itself in the firing line over bosses’ pandemic payouts after removing the £290m cost of dealing with COVID-19 before calculating executive bonuses. Sky News has learnt that the UK’s third-biggest grocer by market value is facing a big protest vote at its annual meeting next

The UK economy will grow even faster than expected this year and next, but it is nonetheless expected to suffer the most long-term economic damage of any of the seven major industrialised nations following the pandemic, the OECD has warned. In its six-monthly Economic Outlook, its comprehensive assessment of the state of the global economy,

The owner of restaurant chains Franco Manca and The Real Greek is going ahead with expansion plans after “very encouraging” trading since the lifting of restrictions on indoor hospitality. Fulham Shore said sales in the first full week following the reopening on 17 May were at 92% of those before the pandemic in 2019, on