Business

Nike has won a bid to temporarily stop a company selling a customised version of its Air Max trainers dubbed “Satan shoes”. The Air Max 97s were given a controversial spin by art brand MSCHF and produced in collaboration with rapper Lil Nas X. They featured a pentagram design and each shoe was said to

The British cybersecurity company Darktrace is this weekend finalising plans for a £3bn stock market listing, despite the shadow cast over technology ‘unicorn’ floats in London by this week’s Deliveroo’s disastrous debut. Sky News has learnt that Darktrace’s board – led by new chairman Gordon Hurst – wants to issue an expected intention to float

Ever wanted some words of support from your football hero? How about help with a marriage proposal from a famous musician? The coronavirus pandemic has hit the entertainment industry hard – and it’s seen a growing number of celebrities selling personalised video messages online. Websites such as Cameo and Memmo give members of the public

Britain’s biggest defence contractor has handed its chief executive a multimillion pound pay rise as its board scrambled to prevent a rival FTSE-100 company from poaching him. Sky News can reveal that BAE Systems has increased Charles Woodburn’s base salary by well over £100,000 and awarded him an additional ‘golden handcuffs’ share package worth £2m

The pub trade has reacted angrily to the prospect of a “triple whammy” of new coronavirus restrictions when sites reopen in England, warning they risk further damage to businesses after a year of disruption. Hospitality industry representatives have written to the prime minister to express their outrage at new guidance governing the start of outside-only

The board of Deliveroo is facing demands from the company’s new shareholders to cancel an £18m payout to the investment banks which this week launched one of the City’s most turbulent flotations on record. Sky News can reveal that a number of furious investors want the company to decide “at the earliest opportunity” that it

Liberty Steel tycoon Sanjeev Gupta has promised thousands of UK workers facing uncertainty after the collapse of lender Greensill that he will not close any of its plants. In an interview with Sky News, Mr Gupta gave a bullish assessment of prospects for the business – while admitting the collapse was a “shock to the

The crash in shares of Deliveroo this morning is an event with massive implications for both investors and for future investment. This was the biggest flotation on the London Stock Exchange since the IPO of Glencore, the mining and commodity trading firm, in May 2011. There are an eerie number of similarities between the two

Shares in Deliveroo have slumped by as much as 30% as the takeaway delivery company made its highly-anticipated stock market debut. The flop wiped more than £2bn off the company’s initial £7.6bn valuation – just over a week after it was estimated at up to £8.8bn. Some of the City’s biggest institutional investors had shunned

Sir Keir Starmer has revealed one of his top team has apologised after describing business as “the enemy”. Shadow tourism minister, Alex Sobel, was “wrong” in his comments, according to the Labour leader, who added that under him, the party was “very clearly pro-business”. Image: Sir Keir Starmer stressed Labour was ‘pro-business’ under his leadership

Wetherspoons has announced plans to open 18 new pubs and refurbish dozens more – but warned the investment was conditional on no more lockdowns and “constant changing of rules”. The pub chain said it was keen to begin the £145m project, expected to take around two years and create 2,000 jobs, within weeks of pubs

Liberty Steel UK says it is to restart production next week as its parent firm continues to seek new funding to fill the hole left by the collapse of Greensill Capital earlier this month. Sky News reported on Friday how GFG Alliance, owned by Sanjeev Gupta, had gone cap in hand to the government for

The enormous container ship wedged across the Suez Canal has been “partially refloated” – apparently opening up space for other vessels to pass. Video showed the stern of the gigantic Ever Given ship swung towards the canal bank, with voices heard shouting “praise be to god” and “god is great” in celebration as tug boats

Spain is planning to use €50m (£43m) in EU funds to cut its working week to four days in a bid to prevent further coronavirus outbreaks. The experiment is set to last for three years and will be funded by money from the European Union’s massive COVID-19 recovery fund. The money will compensate some 200

Tough new rules aimed at regulating the CBD food supplement market in the UK will come into force nationwide this week. Applications for “novel food” status must be submitted to the Food Standards Agency (FSA) by Wednesday 31 March in a bid to crack down on mislabelling and deal with concerns about the contents of