Business

Building materials group SIG weighs cash call after profit warning

A London-listed building products company which was bailed out by investors during the pandemic is weighing a further cash call in the wake of a stinging…

Treasury expected to uncover £20bn hole in public finances, Sky News understands

A Treasury audit is expected to reveal a £20bn black hole in public spending, Sky News understands.

Why things look rosy for NatWest 12 months on from debanking crisis

NatWest has an increasingly confident air about it.

The Casablanca chancellor has boxed herself in on filling the black hole in public finances

Rachel Reeves will echo one of the great cameos in cinema history on Monday, when she updates Parliament on the findings of a Treasury audit of the…

TalkTalk founder in £400m pledge to win lenders' backing

The founder of TalkTalk has pledged a £400m package to the company's lenders in a bid to win their support for a wide-ranging refinancing.

Fuel prices remain a rip-off, competition watchdog declares

Competition among fuel retailers is "failing consumers" because drivers are still paying too much to fill up, according to regulators.

Starmer says bills will come down with Great British Energy - as he hails 'game changer' Crown Estate…

Sir Keir Starmer has said he is confident household bills will come down as part of the government's drive to deliver the publicly owned energy firm…

Post Office scandal: Former business secretary Sir Vince Cable accepts 'share' of responsibility

Sir Vince Cable has told the Post Office inquiry he accepts a "share" of responsibility for failures that enabled the wrongful convictions of sub-postmasters…

Apollo swoops for parcel delivery giant Evri in £2.7bn deal

The private equity giant Apollo Global Management is on the brink of a deal to buy Evri, the British parcel delivery company, in a £2.7bn deal.

Biggest US tech sell-off for over a decade reflects impatience over AI profits

The Nasdaq and S&P 500 have suffered their worst single-day decline since 2022 - led by underwhelming financial results from Tesla and Alphabet, the…

Cineworld to axe hundreds of jobs in blockbuster restructuring plan

Cineworld will this week unveil a sweeping overhaul that will cost hundreds of jobs and reduce its British footprint by at least a quarter.

Cut taxes to fuel flagging electric car sales and hit climate goals says SMMT

The new government should cut taxes on electric vehicles to revive flagging sales and help the industry hit its climate goals, the motor trade body…

CrowdStrike: Company that caused global techno meltdown offers partners $10 vouchers to say sorry -…

The firm behind the global IT outage that cost companies billions, ground 5% of the world's air traffic and brought NHS systems to their knees has…

Bank of England to cut interest rates in August, economists forecast

The first interest rate cut in more than four years will take place next week, according to a poll of economists.

Struggling Burberry paves way to find chair's successor

Burberry, the struggling luxury fashion brand, is seeking a new board member who could take over from Gerry Murphy, its chairman.