Confectionery giant Haribo has warned a shortage of lorry drivers is causing difficulties getting its sweets to shops in the UK. The German firm, whose products include gummy bears, foamy fried eggs and cola bottles, said it was working to tackle the problem. It comes after the haulage industry warned of a widespread UK delivery
Business
The announcement of a battery “gigafactory” in Sunderland is a significant moment on the road to electrifying the UK car fleet, a journey that until now had barely left the kerb. The new factory, built by Chinese manufacturer Envision, will be the largest of its kind in the UK with capacity to produce 9GWh of
Nissan is to announce details of a new battery ‘gigafactory’ that will enable its Sunderland car plant to massively increase production of electric vehicles. The Japanese manufacturer is expected to claim the battery plant, built in partnership with Chinese manufacturer Envision, will create 2,000 jobs. The government is thought to have provided some financial support
Gap is to close all of its stores in the UK and Ireland, the American fashion retailer has announced. The decision comes after a review of its operations across Europe and will see the company go online-only in the markets affected. The stores will shut in a phased manner from the end of August through
The UK economy suffered a slightly worse start to the year than first thought as households squirrelled away cash during latest lockdowns, revised figures show. Gross domestic product (GDP) shrank by 1.6% – compared to an initial estimate of 1.5% – as renewed stay-at-home measures held back business activity and spending, according to the Office
Senior overseas business executives will no longer need to quarantine when arriving in England if their trip is likely to be of “significant economic benefit to the UK”. The Department for Business, Energy and Industrial Strategy (BEIS) said that, subject to business leaders meeting strict criteria, they could “temporarily” leave mandatory COVID-19 isolation for work
Deposit affordability is facing a squeeze as the annual rate of house price growth hit its highest level since November 2004, according to a report. Nationwide’s monthly market study pointed to a 13.4% surge in the average cost of a home over the 12 months to June – partly a result of a low base
Japanese car giant Nissan could announce plans for a battery gigafactory in the UK as soon as this week, Sky News understands. City editor Mark Kleinman said the carmaker’s electric vehicle strategy, tipped to include production of its Qashqai and Juke models at Sunderland, was also expected to confirm the construction of a battery gigafactory.
Burberry is to lose its chief executive Marco Gobbetti, almost five years after he was brought in to turn around the luxury brand’s fortunes. The company said he had notified the board of his intention to step down at the end of the year “to take up another opportunity that will enable him to return
A frenzy of capital-raisings by UK-based financial technology companies will continue this week when a prominent London-listed fund manager takes a £75m stake in Smart, the retirement savings platform. Sky News has learnt that Chrysalis Investments, which has backed companies including buy-now-pay-later lender Klarna, Starling Bank, the digital lender, and the cross-border payments app Wise,
LadBible Group, the youth-focused digital publisher, is exploring a stock market listing or partial sale that would catapult its co-founder into the ranks of Britain’s super-rich. Sky News has learnt that LadBible, which was founded by Solly Solomou and Arian Kalantari in 2012, is working with Zeus Capital, the investment bank, on a review of
A portrait of Prince Philip will feature on a new special edition £5 coin to commemorate the royal’s life. The Duke of Edinburgh had approved the design before his death, the Treasury said, and the coin is now being launched to mark Armed Forces Day on Saturday. It bears the inscription: “HRH The Prince Philip,
A relative of the Whitehall director alleged to have had an extramarital affair with Matt Hancock, the health secretary, is an executive at a private healthcare company which has won a string of NHS contracts. Sky News can reveal that Roberto Coladangelo – who is understood to be Gina Coladangelo’s brother – works at Partnering
Travel firms say the limited expansion of the green list for holiday destinations has sparked a wave of new bookings, despite renewed industry criticism of the government’s handling of coronavirus restrictions. Michael O’Leary, chief executive of Ryanair, accused Transport Secretary Grant Shapps of “sowing confusion” as he told Sky News there was no science-led approach
Changes to the travel green list and plans to open up more holiday hot spots to the double-jabbed are not enough to save the summer for the travel sector, ministers have been told. Business leaders lined up to accuse the government of an overly cautious approach as destinations including Spain’s Balearic Islands, Malta, Madeira and
The Bank of England has raised its expectations for inflation but reiterated its view that the coronavirus crisis-linked spike in price rises of recent months does not represent a looming crisis for the economy. Minutes of the latest meeting of the Bank’s monetary policy committee (MPC), which left interest rates unchanged at their COVID-19 pandemic