Business

One of the UK’s largest energy companies OVO is to pay £2.37m in compensation for customer complaint failures. Energy regulator Ofgem said OVO will pay £378,512 directly to affected customers. Due to the “severity of consumer detriment” OVO also paid £2m to a fund supporting energy customers and developing energy projects, the energy industry voluntary

As investors gear up for this week’s Federal Reserve meeting, CNBC Pro found stocks that have historically done well when rates are cut without a recessionary environment. Fed funds futures have fully priced in that the central bank will lower interest rates, according to CME’s FedWatch tool . The question now is how big that

A momentous court battle over the fate of Rupert Murdoch’s media empire gets under way in Nevada today. At stake is the future of a string of newspapers and television channels consumed by millions of people around the world, as well as thousands of jobs – and billions of pounds. The media mogul, who turned

Republican presidential nominee and former U.S. President Donald Trump gestures during a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024.  David Swanson | Reuters Former President Donald Trump was safe on Sunday after his campaign said it heard gunshots fired in his vicinity. CNBC has not independently verified

The number of second homes being put up for sale in one part of Wales has increased by more than 250% – as homeowners and businesses criticise the Welsh government’s council tax premium. Many councils in Wales now charge an inflated tax rate for second homes, up to 300%, with the aim of freeing up

d3sign | Moment | Getty Images If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year’s travel is fast approaching.  “The most important thing is for travelers to continue to think about planning now and booking in October,” said

A London-listed automotive components supplier has become the latest British-based company to draw overseas takeover interest after receiving a series of offers from a Canadian rival. Sky News has learnt that TI Fluid Systems has received at least two bid proposals from ABC Technologies Holdings, a Canadian competitor. City sources said on Friday evening that

Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024.  Robyn Beck | Afp | Getty Images Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump

Tens of millions of mobile phone users could end up paying more if the merger between Vodafone and Three goes ahead, the competition watchdog has warned. The deal would create the UK’s biggest mobile network and could also improve network quality, the Competition and Markets Authority (CMA) said. A better network? But claims of providing

In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California.  Justin Sullivan | Getty Images Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The wage increase is

The owner of The New York Sun, a right-leaning American newspaper, is weighing a surprise bid to become the new owner of The Daily Telegraph. Sky News has learnt that Dovid Efune, who acquired the former daily broadsheet in 2021, has expressed an interest in acquiring one of Britain’s most influential daily newspapers and its

Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. Aaron Schwartz | Xinhua News Agency

There was no growth in the UK economy in July, official figures show. It’s the second month of stagnation, the Office for National Statistics (ONS) said as GDP – the measure of everything produced in the UK – flatlined in the weeks following the election of the Labour government. Such news was not expected by

Wells Fargo bank analyst Mike Mayo highlighted Citigroup stock as his favorite bank name on Tuesday while speaking on CNBC’s ” Squawk on the Street .” Shares of Citigroup could double over the next two-and-a-half years “simply by going back to tangible book value,” Mayo said. Citigroup sold for 73% of tangible book at the

A start-up which helps companies protect against cyberattacks targeting their AI chatbots has raised millions of dollars to fund its expansion. Sky News understands that SplxAI, which was founded earlier this year, will announce this week that it has secured $2m from investors led by Inovo.vc, South Central Ventures and Runtime Ventures. The company says

In macroeconomics, the yield curve is used to forecast the probability of a recession. When the curve becomes inverted, it means that short-term yields are higher than long-term yields which, up until last week , had been the case for over two years. This puts investors on edge because an inverted yield curve has historically