Business

Lowri Williams is struggling to cover her basic expenses. Earning a low income with very little support, she says she feels like she’s “living hand-to-mouth” and barely getting by. She’s one of a large group of people in low-income households who are caught in a precarious position, earning too little to comfortably support themselves, but

A second group of Thames Water lenders will this week submit a fully funded £3bn financing package that it will argue is cheaper and more certain than a rival offer endorsed by the company last week. Sky News has learnt that the water utility’s Class B bondholders – which are reported to include Aviva, BlackRock

Former chancellor Jeremy Hunt has accused the independent fiscal watchdog of “political impartiality” ahead of its review that could be critical of the Conservative government. The previous government has been accused by Rachel Reeves, the current chancellor, of leaving a £22bn financial “black hole” between income and promised spending in the public finances. Ms Reeves

A former chair of one of Britain’s biggest auditors is to step down as chairman of Interpath, the independent advisory firm, because of a potential conflict of interest involving its private equity backer’s choice of auditor. Sky News has learnt that Interpath, which has been engaged by billionaire Sir Jim Ratcliffe on his cost-cutting campaign

The amount employers pay in national insurance is set to rise in next week’s budget to raise money for public services, Sky News understands. Reports have suggested it could be increased by up to two percentage points and will – in part – be used to help fund the NHS. A government source told Sky

Britain’s biggest energy retailers have told ministers that they will provide more than £500m of extra help for households as the government tries to deflect criticism over the winter fuel payments row. Sky News has learnt that EnergyUK, the industry body, is planning to make a joint announcement with the Department for Energy Security and

The Premier League is drawing up plans to present its clubs with fresh proposals for a financial settlement with the English Football League (EFL) as soon as next month. Sky News has learnt that a meeting of the top flight’s shareholders on 22 November is expected to include a discussion on a range of new

Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Citing “several current and former U.S., European and Russian officials,” the Journal reported that conversations between Putin and Musk, a Republican megadonor and Pentagon contractor, took

Thames Water has secured a £3bn injection to avoid running out of cash. There were fears the UK’s biggest water supplier, which serves 16 million customers, could have run out of money by Christmas. But the cash injection secures its financial future for at least the next year, or possibly until the end of May

Check out the companies making headlines in extended trading. Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. Dexcom also reaffirmed full-year revenue guidance that encompassed FactSet’s estimate. L3Harris Technologies — The defense stock climbed 4% after posting a third-quarter beat on both

Boeing staff have rejected the latest 35% pay rise, committing to further strikes as the company faces massive losses and delivery delays. As many as 33,000 workers at Boeing plants in Washington state, Oregon and California have rejected a proposal to increase wages by just over a third over four years as their union said

Check out the companies making headlines after the bell : T-Mobile U.S. — The telecommunications giant rose about 3% after posting a third-quarter earnings surprise to the upside. T-Mobile reported earnings per share of $2.61 on $20.16 billion in revenue, while analysts polled by LSEG had been looking for earnings of $2.42 per share on

A healthcare software company which helps medical professionals manage patient data has clinched a £10m-plus funding boost from a string of prominent technology investors. Sky News understands that Semble, formerly known as Heydoc, is close to announcing its largest funding round to date. Octopus Ventures and Mercia are backing Semble for the first time, while

Check out the companies making headlines in extended trading: Texas Instruments — The semiconductor company added 2%. Third-quarter results topped analysts’ estimates, as Texas Instruments reported earnings of $1.47 per share on revenue of $4.15 billion. Analysts sought earnings of $1.38 per share and revenue of $4.12 billion, per LSEG. Seagate Technology — The data

Water companies across England and Wales are asking for bills to be made even higher than they first requested, with one company seeking an 84% hike. The biggest water company in the UK, Thames Water, is now looking for bills to rise 53% and cost £667 a year by 2029/30, according to figures published by

Time is running out for a set of money-saving provisions in the tax code, and now is a good time to get your portfolio in order and minimize levies, according to Bank of America. The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It