Business

The wife of green energy entrepreneur Dale Vince has been awarded more than £40m by a High Court judge following their divorce. However, Mr Vince said his ex-wife came away from their divorce with £12m less than he offered her four years ago. The pair disputed how their money should be split at a hearing

A week of news showing the UK economy is slowing has ironically yielded a positive for mortgage holders and the broader economy itself – borrowing is now expected to become cheaper faster this year. Traders are now pricing in three interest rate cuts in 2025, according to data from the London Stock Exchange Group. Earlier

Fears have been raised over the robustness of Britain’s trade sanctions against Russia after the main government department enforcing the rules admitted it has no idea how many cases it is investigating. HM Revenue and Customs (HMRC), which monitors and polices flows of goods in and out of the country, says it had no central

Freetrade, the British stock-trading app, is facing a backlash from early investors after announcing a sale to London-listed IG Group for a fraction of the valuation it targeted during earlier fundraising talks. Sky News has spoken to a number of Freetrade shareholders who reacted with dismay on Thursday to the £160m sale of the company.

Forget this week’s minor decrease in the UK inflation number.  The most important European data release was the confirmation from Germany that, during 2024, its economy contracted for the second consecutive year. Europe’s largest economy shrank by 0.2% during 2024 – on top of a 0.3% contraction in 2023. Now it must be stressed that

Thousands have signed a petition imploring the world’s biggest advertising agency, WPP, to revoke a new rule forcing employees to attend the office four days a week. Mark Read, the chief executive of the group which employs 111,000 people globally, wrote in a memo on 7 January: “From the beginning of April this year, the

TikTok has described a report it could sell its threatened US business to Elon Musk as “pure fiction”. The short video platform’s Chinese owners ByteDance are facing the prospect of TikTok being shut down permanently in America on Sunday. That is when a US government ban, on national security grounds, is due to take effect.

Donald Trump will address business and world leaders at the World Economic Forum (WEF) in Davos, Switzerland, in a virtual appearance from the US three days after his inauguration as President. The Davos event, which starts on Monday, will attract more than 3,000 business and political leaders to the Swiss Alps. They will include 900

Pizza Hut’s biggest UK restaurant franchisee is closing in on a rescue deal that would salvage the vast majority of its British outlets and jobs. Sky News has learnt that Directional Capital, an investment firm which already controls much of Pizza Hut’s dine-in operations in Denmark and Sweden, is in advanced talks to acquire roughly

The billionaire founder of Revolut has reaped a £350m windfall from the disposal of shares in the fintech giant after the company extended a deal to allow existing investors to offload part of their holdings. Sky News has learnt that Nik Storonsky has sold well over $400m (£330m) of stock in the digital banking and

The health secretary has said that the cabinet is aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a challenging broader economic picture – but appealed for the public to “give her time”. Wes Streeting argued that the public “underestimates” the “amount of heavy-lifting” Ms Reeves has had to do and will

The London Stock Exchange is preparing to do battle for one of Europe’s biggest initial public offerings for years as Verisure, the domestic security systems provider, kicks off plans for a flotation valuing it at more than €20bn (£16.7bn). Sky News has learnt that Verisure’s owner, the private equity firm Hellman & Friedman (H&F), is

Rachel Reeves’s trip to China – the first by a British chancellor since 2019 – was always going to be controversial. In recent years Conservative governments have been keeping Beijing at arm’s length – amid concern about espionage, the situation in Hong Kong, and the treatment of the Uyghurs. David Cameron‘s so-called “Golden Era” of

The proportion of 25 to 34-year-olds living with their parents has risen by more than a third in just under two decades, according to new analysis. Last year, the share of the age group living at home was almost a fifth (18%), up from 13% in 2006, the Institute for Fiscal Studies (IFS) said in

Making Britain better off will be “at the forefront of the chancellor’s mind” during her visit to China, the Treasury has said amid controversy over the trip. Rachel Reeves flew out on Friday after ignoring calls from opposition parties to cancel the long-planned venture because of market turmoil at home. The past week has seen

Minouche Shafik, the former Bank of England official who quit her role at New York’s Columbia University last summer after criticism of her handling of campus protests over the war in Gaza, has been picked for one of Britain’s most prized culture posts. Sky News has learnt that Baroness Shafik, who was appointed to the