Business

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines on Friday said it reached an agreement with its credit card processor to again extended a debt refinancing timeline to December, hours before it was set

A collection of bondholders in Thames Water are mobilising to protect their interests amid an intensifying battle to avert the company’s nationalisation. Sky News has learnt that Class B bondholders were notified on Thursday they would no longer be part of the same group as the Class A noteholders represented by Jefferies, the investment bank,

Several companies are due to report earnings next week, including some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members expected to post their quarterly results next week. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. Against

Britain’s new National Wealth Fund has struck a £1bn deal with two of Britain’s biggest high street lenders to retrofit thousands of homes to upgrade their energy-efficiency. Sky News has learnt that the government-backed vehicle has agreed with Barclays and Lloyds Banking Group to provide partial guarantees on loans to housing associations across Britain. An

Consumer spending was expected to hold strong in September, possibly even more than forecast and enough to throw another wrinkle into the Federal Reserve’s thought process. The Census Bureau’s retail sales report Thursday morning is likely to show a monthly increase of 0.3%, a number that is adjusted for seasonal factors but not inflation, according

UK inflation has eased to 1.7%, dipping well below the Bank of England target for the first time since 2021. It’s a drop from the 2.2% recorded in last month’s Consumer Prices Index (CPI). Analysts had expected a fall, but only to 1.9%. The Bank of England (BoE) has been trying to bring inflation down

The U.S. economy may not experience a “soft landing” after all. A soft landing occurs when economic growth slows just enough to bring down inflation below the Federal Reserve’s 2% target without tipping the economy into a recession. Many on the Street expect this to be the case, as the central bank starts to lower

An American predator is close to sealing a £300m swoop on a division of De La Rue, the Bank of England’s banknote printer, in a move that will herald a break-up of the historic company. Sky News can exclusively reveal that Crane NXT, a New York-listed industrial technology group, was on Monday night close to

Some well-known stocks could see big moves on the back of earnings reports this week. The third-quarter season is revving up despite several companies being closed on Monday for Columbus Day. Major reporters on the docket range from United Airlines to Goldman Sachs . CNBC Pro screened to find the stocks that could see the

The owner of P&O Ferries has “turned a corner” since 800 staff were sacked without notice and its £1bn investment is going ahead, a minister has told Sky News. Dubai-based company DP World, which owns P&O, had considered pulling its announcement of a £1bn investment in its London Gateway container port after strong criticism of

The Super Heavy booster lands on the company’s launch tower during the fifth Starship flight on Oct. 13, 2024. SpaceX SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket’s more than 20-story tall booster. The achievement marks a major milestone toward SpaceX’s goal

A British-based investment and banking app has struck a deal to acquire part of a Gibraltar-based rival that will instantly add tens of thousands of customers to its business. Sky News understands that Ziglu, which was founded in 2019, has agreed to buy the retail operations of Damex in an all-stock deal. Its valuation was

Water begins to recede from flooded streets in Tampa, Florida, due to Hurricane Milton on October 10, 2024. Bryan R. Smith | AFP | Getty Images Restoring power, clearing debris and distributing fuel are now the top priorities in Florida as the state continues to reel in the wake Hurricane Milton. More than 1.5 million are

Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business.  Chief executive Kelly Ortberg told staff in an email on Friday that the cuts will include executives, managers and employees. He said the downsizing is necessary to “align with our financial reality”

Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to

The UK’s economy grew by 0.2% in August, according to official figures. The slight rise in gross domestic product (GDP) – which is intended as a measurement of a country’s total output – comes after two successive months of stagnation. The figures, from the Office for National Statistics (ONS), were in line with economists’ forecasts.