Business

Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Rubrik Rubrik, a 9-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to make moves toward the public market after an extended lull dating back to late 2021. The Silicon Valley

A New York-listed car dealer is plotting a bid for the UK operations of Inchcape. Sky News has learned that AutoNation, which has a market capitalisation of nearly $7bn (£5.5bn), is among the suitors circling the business since Inchcape confirmed in January that it was conducting a strategic review. AutoNation is said to be at

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. “I’m not saying that they have to go back to zero, but they have to be more aggressive,” the

This Easter, chocolate lovers will no doubt have noticed they had to pay more for their eggs. Now, the cost of chocolate could soar after changing climate patterns hit cocoa supplies in west Africa. Seasonal dusty winds from the Sahara have been severe in recent months, blocking out the sunlight needed for cocoa bean pods

A man visits the United Nations Headquarters as delegates of the Security Council delated for one extra day the vote on a proposal to demand that Israel and Hamas allow aid access to the Gaza Strip via land, sea and air routes and set up U.N. monitoring of the humanitarian assistance, at the U.N. headquarters

Adnams, one of the most historic names in British brewing, is to explore an outright sale amid a funding squeeze across the industry which has triggered a growing wave of insolvencies. Sky News has learnt that Adnams has begun contacting prospective investors and buyers after hiring advisers earlier this year to shore up its finances.

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas.  Brandon Bell | Getty Images Spirit Airlines said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use

More than £1m of unexplained transactions were transferred in to Post Office profit at the height of the Horizon scandal, leaked documents have shown. The papers, seen by Sky News, show a snapshot of transfers from a Post Office “miscellaneous client” suspense account over a four-year period, up to 2014. A suspense account is where

Wall Street could be in for another solid quarter as stocks have embarked on a strong start to the year. The S & P 500 posted its best first-quarter performance going back to 2019, up 10%, as stocks rode a wave of enthusiasm around the prospect of rate cuts coming later this year, as well

Shareholders in troubled Thames Water have blamed Ofwat for not giving the “regulatory support” needed to help the company’s turnaround plan. The nine shareholders said they had been in talks with Thames Water and the regulator to try and find a way through the “complex challenges” facing the company. But in a statement, they said:

U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Financial Services and General Government Subcommittee of the House Appropriations Committee at Rayburn House Office Building on Capitol Hill on March 21, 2024 in Washington, DC.  Alex Wong | Getty Images Treasury Secretary Janet Yellen on Wednesday warned that China is treating the global

The former food delivery executive who was employed as Boris Johnson’s cost-of-living tsar is to be the next boss of Ovo Energy, Britain’s third-biggest domestic gas and electricity supplier. Sky News has learnt that David Buttress, who turned Just Eat from a start-up into a multibillion pound company, will be named later on Wednesday as

Israeli-American businessman Adam Neumann speaks during The Israeli American Council (IAC) 8th Annual National Summit on January 19, 2023 in Austin, Texas. Shahar Azran | Getty Images Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company

Chocolate is among the products placing upwards pressure on grocery inflation in the run-up to Easter, according to closely-watched supermarket data. Kantar Worldpanel, which tracks pricing and market share, reported a further slowing in the pace of price growth across the sector over the four weeks to 17 March. It said the annual rate for

Federal agents on Monday raided homes owned by hip-hop music mogul Sean Combs in Los Angeles and Miami, NBC News reported, citing sources. The Department of Homeland Security agents were authorized to search the properties by warrants issued in Manhattan federal court, months after a series of lawsuit accused Combs of serious sexual misconduct, law

Future offshore wind projects could be at risk because of a rise in demand for steel, according to analysis by consultancy group Newton. The expected spike in demand could leave British projects relying on foreign steel unless UK production is ramped up – which is unlikely, the analysis says, after plans to close furnaces at