Business

Channel 4’s outgoing marketing chief is the leading candidate to become the next boss of M&C Saatchi Group, the London-listed advertising agency. Sky News has learnt that Zaid Al-Qassab, whose exit from the state-owned broadcaster was announced last month, is close to agreeing to become M&C Saatchi’s new chief executive. An advertising industry source said

President Joe Biden takes questions from reporters, after he delivered remarks in the State Dining Room, at the White House on November 09, 2022 in Washington, DC.  Samuel Corum | Getty Images The Biden administration said on Wednesday that it would forgive $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment

Petrochemicals billionaire Sir Jim Ratcliffe has completed the purchase of a 27.7% stake in Manchester United through his INEOS conglomerate – enabling him to take control of football operations from the Glazer family.  The deal ends the saga that has engulfed United for 15 months without the full sale fans had been demanding to end

Here are the most important news items that investors need to start their trading day: 1. Oh, snap 2. Retail vision Vizio televisions are displayed at a store on February 13, 2024 in San Rafael, California.  Justin Sullivan | Getty Images Walmart announced Tuesday that it agreed to buy TV maker Vizio for $2.3 billion, or

Planning permission will be needed to rent out a property for more than 90 nights, as part of new laws being introduced by government to clamp down on short-term holiday lets. Future short-term lets, of the type popularised by Airbnb, will be subject to permission from local authorities, which the government hopes will give residents

Russia’s President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023. Sergei Guneyev | Afp | Getty Images Munich, GERMANY — The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC, marking

A leading shareholder in Currys is demanding that its board slaps an £800m price tag on the electrical goods retailer amid takeover interest from a former backer of Comet, its defunct rival. Sky News has been told by one of the company’s largest investors that they believe Currys’ board should hold out for at least

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker

Elliott Advisors, the owner of Waterstones, is plotting a £700m takeover of Currys, the London-listed electrical goods retailer. Sky News has learnt that Elliott, best-known for its activist sieges against the boards of some of the world’s largest companies, is working on a bid for one of Britain’s best-known high street names. This weekend, it

A photo of Alexei Navalny and candles are seen in front of the Russian consulate in Krakow, Poland on February 16, 2024.  Jakub Porzycki | Nurphoto | Getty Images A spokesperson for Putin dissident Alexei Navalny confirmed his death on Saturday, after Russian media reported his demise on Friday, citing the prison service of the

Lucy Frazer, the culture secretary, has urged English football’s 92 professional clubs to resolve their differences over an £800m-plus financial settlement as the government prepares to launch plans to establish the sport’s first independent regulator. Sky News has learnt that Ms Frazer held separate talks with Premier League and English Football League (EFL) club executives

Opposition leader Alexei Navalny appears on a screen set up at a courtroom of the Moscow City Court via a video link from his prison colony during a hearing of an appeal against his nine-year prison sentence he was handed in March after being found guilty of embezzlement and contempt of court, in Moscow on

Sky News’s economics and data editor Ed Conway looks at the implications of Britain entering recession on this episode. Although the two quarters of negative growth is a fairly arbitrary definition and could be revised, Ed tells host Greg Milam why the GDP per head figures could tell us more. They also discuss the political

Club holding Eli Lilly is expecting to get approval for its Alzheimer’s treatment in the coming weeks, but investors looking for immediate financial success should temper their expectations. On its fourth-quarter earnings call Tuesday, rival drugmaker Biogen shared data that showed its therapy for the memory-robbing disease, Leqembi, is off to a slower-than-expected start. In

The board of NatWest Group is preparing to name Paul Thwaite as its next permanent chief executive as the government readies a mass-market share offering that will slash the taxpayer’s stake in the bank. Sky News has learnt that the lender’s directors will discuss on Thursday proposals to announce Mr Thwaite, its interim boss, as