Business

Traders work on the New York Stock Exchange (NYSE) floor in New York City.  Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You

The Observer is to fall under the ownership of Tortoise Media, a fledgling digital start-up, in a binding deal signed after weeks of controversy about the fate of the world’s oldest Sunday newspaper. Guardian Media Group (GMG) and the Scott Trust announced on Wednesday morning that the title will be acquired by Tortoise, even as

Traders work at the New York Stock Exchange on Dec. 17, 2024. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to

A planned strike over the festive season at Scotland’s busiest airport has been called off. North Air fuel tanker drivers based at Edinburgh Airport had planned to walk out for almost three weeks in a dispute over a rejected 4.5% pay offer. Unite the union had warned of disruption to flights as North Air is

Apple CEO Tim Cook (center) speaking alongside Indonesian Minister of Communication and Information Budi Arie Setiadi (right) and Indonesian Minister of Industry Agus Gumiwang Kartasasmita during a press conference after meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Bay Ismoyo | Afp | Getty Images Indonesia’s efforts

The boss of NatWest Group’s high street branch network is to step down early next year as the company prepares for a return to full private sector ownership. Sky News has learnt that David Lindberg, who joined NatWest just over four years ago, will leave in the first quarter of 2025. He is said to

Tube and rail fares in London will go up by 4.6% from next March, the capital’s mayor has said. The hike matches the rise in regulated train fares for England’s mainline railway. From 2 March, Transport for London’s (TfL) daily caps will increase by 40p-70p, depending on what zones are travelled through. Labour mayor Sadiq

UK-based partners at Grant Thornton, the accountancy firm, have voted to back the sale of a majority stake to Cinven, the private equity firm. Sky News has learnt that GTUK’s partnership voted unanimously to support the deal, in a move expected to be announced internally as early as Monday. Support for the deal had been

The private equity firm circling Boots the Chemist’s parent company is lining up financing from a syndicate of banks for a prospective $10bn-plus takeover deal. Sky News has learnt that Sycamore Partners is arranging debt funding for a deal to buy Walgreens Boots Alliance, with Bank of America, JP Morgan and Wells Fargo among those

NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17 years in state hands. Sky News has learnt that the chair of the bank’s remuneration committee, Lena Wilson, is consulting leading institutional shareholders about an overhaul of its boardroom pay policy.

The prime minister and chancellor were in lockstep as they reacted to Friday morning’s GDP figures. “Disappointing”, the PM’s spokesperson said, echoing Rachel Reeves’s words two hours earlier. The UK economy shrunk for a second month, contracting 0.1% in October. Money blog: latest updates Please use Chrome browser for a more accessible video player 2:10

A certified B Corporation company which repurposes electronic equipment to benefit schools and charities has landed more than £3m in funding from a leading start-up investment group. Sky News understands that Reconome, which partners with major companies including Netflix and O2, has secured the new money from IW Capital, which has backed a string of

The Daily Telegraph’s publisher is to hand hundreds of staff a £500 bonus this month as uncertainty over its ownership looks set to stretch into a third calendar year. Sky News has seen an email sent on Thursday by Anna Jones, Telegraph Media Group’s chief executive, in which she told employees that they would receive

Mark Zuckerberg’s firm Meta has donated $1m to Donald Trump’s inauguration fund as the Facebook founder tries to mend ties with the president-elect. In August, Mr Trump threatened to imprison the billionaire if he did “anything illegal” to influence the presidential election. But last month the pair dined together at Mr Trump’s Mar-a-Lago resort in

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Tech’s seven trillion-dollar companies added roughly $416 billion in market cap for the day.

Two of Britain’s biggest high street banks have quit a body dedicated to enhancing industry lending practices, sparking a furious row and casting doubt over its future. Sky News has learnt that HSBC and Lloyds Banking Group have terminated their membership of the Lending Standards Board (LSB). Their resignations – alongside that of Santander UK