Virgin Orbit has filed for Chapter 11 bankruptcy protection in the US after failing to secure the funding needed to recover from a January rocket failure....
Oil prices are up more than 5% after Saudi Arabia and other major producers vowed to cut production. Brent crude, the international oil benchmark, was up...
Troubled cinema chain Cineworld is terminating plans for the sale of its UK, US and Ireland businesses. The news was announced by the world’s second-largest cinema...
Tesla saw its sales rise by 36% in the first financial quarter, after two price cuts aimed at boosting demand. The electric car, SUV and heavy...
The private equity backer of Café Rouge’s parent company has joined a host of suitors hoping to dine out on Princes Foods, the company behind some...
Sir Richard Branson’s cruise-line venture is seeking hundreds of millions of dollars in fresh funding even as the Virgin Group founder faces financial turbulence in other...
Hundreds of thousands of small businesses could face “tough decisions” following changes to the energy support scheme, according to the Federation of Small Businesses. The Energy...
The government has frozen plans to accelerate the rise in the state pension age. Work and Pensions Secretary Mel Stride confirmed the move following newspaper reports...
The UK’s private sector has shrunk for the eighth consecutive quarter. That is according to data from the Confederation for British Industry, which said its latest...
Visitors to Wales could be paying an additional fee for staying overnight amid plans to introduce a tourism tax in the country. The Welsh government says...
M&C Saatchi, the London-listed advertising agency group, has lured one of Britain’s top media executives as its next chair. Sky News has learnt that Zillah Byng-Thorne,...
Faced with a generational triple challenge of delivering a carbon-neutral economy, energy security, and the multi-trillion-pound investments required to make it happen, the government has draped...
UK car production was up 13.1% year-on-year in February, driven by an uplift in export numbers. The Society of Motor Manufacturers and Traders (SMMT) said that...
The union representing Royal Mail’s frontline staff is on the verge on announcing new strike dates, Sky News understands, should a final push to end their...
Adidas has withdrawn its opposition to a three-line Black Lives Matter (BLM) trademark. The German sports design giant had asked the US Trademark Office to reject...
Ovo Energy is plotting a takeover of Shell’s UK domestic gas and electricity business in a move that would see it reclaim the number two slot...
The chancellor will this week unveil a review of Britain’s foreign direct investment (FDI) framework as the government scrambles to counter the impact of Joe Biden’s...
Britain’s banking sector is resilient to rising interest rates, the Bank of England has said. The central bank’s financial policy committee said that banks had the...
High street retailer Next has outpaced its own increased profit guidance by £10m. Financial results for the year ending in January showed profit before tax hit...
The Bank of England governor has told MPs the regulator is currently in a period of “very heightened tension and alertness”. However, speaking to the Treasury...