Business

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

Coffee shop chain Pret A Manger has announced some staff members will wear body-worn cameras as a new safety measure.  The company confirmed to Sky News that six shops across London started trialling the new technology last month, which will only be worn by team leaders and managers. It said the cameras will only be

Former President Donald Trump (L), and Vice President Kamal Harris Reuters Vice President Kamala Harris is ahead of former President Donald Trump in the key battleground states of Michigan, Wisconsin and Pennsylvania, according to a new New York Times/Siena College poll. The poll found Harris beating Trump 50% to 46% among likely voters in all

Britain’s most influential small business group is urging the home secretary to ensure swift support for SMEs affected by the wave of rioting which has swept Britain in the last 10 days. In a letter to Yvette Cooper, a copy of which has been seen by Sky News, the Federation of Small Businesses (FSB) called

Recent market turbulence has unearthed some bargain prices for momentum stocks, according to Wells Fargo. The major averages have sought to make a comeback following a vicious global sell-off on Monday that was powered by worries over the U.S. economy and the unwinding of the yen carry trade. Dip buyers stepped in on Thursday, lifting

The UK’s competition regulator has launched an inquiry into Amazon’s investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology. The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup

Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares popped 19% after the athletic

The boss of Fujitsu’s European arm has apologised in person to former sub-postmasters. Speaking following the meetings in London, Paul Patterson told Sky News he was “really grateful for their time”. He described “a really good conversation” held in private. “It’s not for me to get into that now – it was actually quite emotional

Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings of 57 cents per share on