Business

Britain’s biggest water company has been told it faces a fine of more than £40m over the payment of a shareholder dividend in spite of its poor performance. Sky News has learnt that Ofwat notified Thames Water last month that it was minded to impose the penalty for breaching rules on the payment of dividends.

CNBC’s Jim Cramer on Friday told investors what to pay attention to next week on Wall Street, highlighting the nonfarm payroll report and earnings from GitlLab and CrowdStrike. “To those of you who want the Fed to cut so badly that you’re staying on the sidelines until they do,” he said, “you’d better hope we

The amount of money being deposited into ISAs has hit a record high, according to new official figures. Households put an additional £11.7bn into the savings accounts last month – the highest since records began in April 1999, the Bank of England said. It comes amid 16-year-high interest rates, which have been held at 5.25%

Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. CNBC | Evelyn Cheng BEIJING — In three years, China’s capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center. This month, the city began allowing

Red Bull has made its first foray into English football by buying a minority stake in Leeds United. The multi-year deal will see the company become the team’s new shirt sponsor, while it will also become the side’s “exclusive energy drink partner”. The firm’s branding will also be prominently displayed at Leeds United’s Elland Road

Caledonia Investments could see its stock price soar by more than 35% if restrictions on share buybacks are lifted, according to fund manager Brian McCormick. Caledonia invests in privately run companies and funds and publicly listed companies such as Microsoft , Oracle , Moody’s , Philip Morris , and British American Tobacco . The company,

Blackstone, the world’s most prolific private equity investor in real estate, has roared into the £850m auction of Village Hotels, the mid-market hotel chain. Sky News has learnt that Blackstone, which owns property assets in Britain worth billions of pounds, has tabled an offer to buy Village. City sources said on Wednesday that Sixth Street,

Check out the companies making headlines in after-hours trading: Robinhood — The retail brokerage added 4.5% after the company announced a $1 billion share repurchase program. Robinhood management expects to execute the program over a two- to three-year period starting in the third quarter of 2024, a press release said. Cava Group — The stock

Labour is the “natural party of British business” and that includes paying bosses large salaries, the party’s shadow chancellor has said. In her first major speech of the election campaign, Rachel Reeves sought to persuade voters Labour are now pro-business and pro-workers. She also said they would bring the UK closer to the European Union,

It may be the highest-stakes popularity contest in history.  Friends and foes of tech billionaire Elon Musk are in the middle of a two-month battle over whether to reinstate a record $56 billion pay package for the Tesla CEO, months after a Delaware state judge struck down his compensation as improperly awarded. The fight is in the

An Indian pharmaceutical group is closing in on a deal to snap up Nicotinell, the anti-smoking aid, from Haleon, its FTSE-100 parent company. Sky News has learnt that Hyderabad-based Dr Reddy’s Laboratories could be within days of acquiring the brand and a number of lesser-known European products from Haleon. Sources said a deal was likely

U.S. Secretary of Transportation Pete Buttigieg speaks during a press briefing the day after the collapse of the Francis Scott Key Bridge in Baltimore, at the White House in Washington, U.S., March 27, 2024.  Elizabeth Frantz | Reuters Transportation Secretary Pete Buttigieg says that climate change is one of the culprits behind an increase in

In the 15-year scandal of the Post Office, this may be remembered as the day that hundreds of sub-postmasters, subject to the greatest miscarriage of justice in British legal history, were finally heard. In Westminster, the Post Office Offences Act was being rushed through parliament, included in the ‘wash-up’ triggered by the general election. Come

MAY 18: Grayson Murray of The United States plays his tee shot on the 12th hole during the third round of the 2024 PGA Championship at Valhalla Golf Club on May 18, 2024 in Louisville, Kentucky. (Photo by David Cannon/Getty Images) (Photo by David Cannon/Getty Images) Two-time PGA Tour winner Grayson Murray died Saturday morning at age

One of Britain’s biggest housebuilders is exploring a £1bn takeover bid for Cala Group, a rival player in the sector which has been put up for sale. Sky News has learned that Persimmon, which has a market value of £4.74bn, is leaning towards submitting an offer for Cala ahead of a bid deadline next week.

A memorial for the 19 children and two adults killed on May 24th during a mass shooting at Robb Elementary School is seen on May 30, 2022 in Uvalde, Texas. Yasin Ozturk | Anadolu Agency | Getty Images Families of the victims of the 2022 elementary school shooting in Uvalde, Texas, filed two lawsuits on