Business

Donald Trump has threatened sweeping new tariffs on Mexico, Canada and China on his first day in office. The president-elect, who takes office on 20 January next year, said he would introduce a 25% tax on all products entering the country from Canada and Mexico. Posting on his Truth Social platform he also threatened an

There will be no more tax rises or borrowing for the duration of this government’s term, Chancellor Rachel Reeves has said. She told business leaders there will not be another budget like her maiden announcement, which included a rise in employers’ national insurance contributions and the national minimum wage. “I’m not coming back with more

A fitness platform which uses a hologram video-enabled training mirror to deliver bespoke workouts is getting into shape with a $5m fundraising led by a prolific investor in UK SMEs. Sky News understands that Magic AI, which claims to have developed the world’s leading artificial intelligence-led fitness mirror, will announce this week that it has

The break-up of one of Europe’s biggest classified advertising groups will launch this week with the €500m-plus (£414m) sale of Distilled, a major player in the Irish online ad market. Sky News has learnt that Adevinta, which was previously listed in Oslo and was taken private by Blackstone and Permira, the private equity firms, a

Potential suitors have again begun circling ITV, Britain’s biggest terrestrial commercial broadcaster, after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny. Sky News has learnt that a number of possible bidders for parts or all of the company, whose biggest shows include Love Island, have in recent weeks

The managing director of Jaguar has hit out at what he called “vile hatred and intolerance” after the car company released a new advert. A 30-second clip posted on the luxury car brand’s X account on Tuesday prompted online backlash after it featured a diverse group of models posing in bright clothes but no vehicles

The family which has owned Ann Summers, the lingerie and sex toy retailer, for more than half a century is to explore options for the business which could include a partial or majority sale. Sky News has learnt that the Gold family is close to hiring Interpath, the corporate advisory firm, to work on a

Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports. It is the latest blow to the European car industry after Volkswagen and Ford announced thousands of job cuts in the last month. Cheaper Chinese-made electric cars have made it trickier for European manufacturers to

Apax Partners is leading the race to buy the accountancy arm of Evelyn Partners – a move expected to revive one of the sector’s best-known names. Sky News has learnt that Apax and Bridgepoint are the two remaining contenders to buy the business, with a deal expected to be signed as soon as this weekend.

Official accounts have revealed for the first time how much the King’s 2023 coronation cost UK taxpayers. According to the accounts, the government spent £72m on the coronation – the first in Britain since Queen Elizabeth II’s in 1953. The figure includes £50.3m of costs attributed to the Department for Culture, Media and Sport (DCMS),

Nine water companies have been blocked from using customer money to fund “undeserved” bonuses by the industry’s regulator. Ofwat said it had stepped in to use its new powers over water firms that cannot show that bonuses are sufficiently linked to performance. The blocked payouts amount to 73% of the total executive awards proposed across

Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling slid nearly 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share

Inflation is rising faster than expected, with the headline rate hitting 2.3% in October, higher than the 2.2% forecast by economists and above the Bank of England’s 2% target. How worried should we be? These figures are a world away from the double-digit levels of inflation we experienced in 2022, when the index peaked at

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. The rocket took off from SpaceX’s private “Starbase” facility near Brownsville, Texas. There are not any people on board the Starship flight. Starship reached space and will travel halfway around

The boss of Harrods is to step down next year from the group which represents Britain’s luxury goods industry – one of a number of roles he will have relinquished since allegations emerged about years of abuse perpetrated by the Knightsbridge department store’s former owner. Sky News has learnt that Michael Ward will hand over

A mural promoting bicycle travel as a means to ‘arrive happy’ outside a Walmart Home Office location in Bentonville, Arkansas, US, on Monday, Nov. 21, 2022.  Terra Fondriest | Bloomberg | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at Tuesday and last look at today. Sign