Business

It may not have the setting or the showbiz appeal of the coming leaders’ summit in Cornwall. It may not have quite the same momentous feel as the main summit – Joe Biden’s first as US president, Angela Merkel’s last before potentially standing down as Germany’s chancellor. But the meeting of G7 finance ministers in

The European Court of Justice has ruled that Tesco does not pay female staff the same amount for equivalent work done by male employees, in a landmark judgement that sides with employees of the UK supermarket giant. Thousands of shop floor staff, most of whom are women, have accused Britain’s biggest grocer of paying them up

Michael O’Leary, the outspoken chief executive of Ryanair, has said it is “absolutely imperative” that “big tourist destinations” such as Greece and Spain be added to the UK’s green list at the end of this week. “The restrictions should be lifted, we should be allowing British families to travel to the US and Europe, and

With large price hikes on the horizon, shoppers are being encouraged to splurge now while costs remain low. The British Retail Consortium (BRC), the trade group representing shop owners, said on Tuesday that although shop prices continued to fall in May, the drop was the slowest since February 2020, indicating that depressed costs due to

The governor of the Bank of England has warned the risks of climate change are not reflected in the market prices of most financial assets. Andrew Bailey was speaking at the Reuters Responsible Business 2021 conference when he said physical risks, such as property damage, could lead to displacement and conflict. This could cut company

Heathrow has opened a dedicated terminal for passengers on direct flights from red list countries, following concerns that they were mixing with those from green and amber nations. Travellers on direct flights from red list destinations will now go through Terminal 3, although a dedicated facility for processing such travellers is eventually planned for Terminal

The hospitality industry is facing a recruitment crisis as it struggles to fill thousands of vacancies. Venues are finding it difficult to hire front-of-house staff and chefs as they experience a shortage of 188,000 workers, according to research by UK Hospitality. Bars, pubs, restaurants and cafes have been able to serve customers indoors in England

One of the London stock market’s largest exhibition groups is in talks about a big capital injection that would further underline an ongoing frenzy of private equity interest in UK plc. Sky News has learnt that Hyve Group is in preliminary discussions with Carlyle about a so-called private investment in public equity – or PIPE

France has suffered a double-dip recession according to revised official figures that showed it had a worse start to the year than previously thought. Europe’s second biggest economy shrank by 0.1% in the first quarter of 2021, sharply revised from an initial estimate of 0.4% growth, statistical agency INSEE said. It was the second consecutive

The staycation frenzy gripping Britain’s leisure industry is spurring another of the country’s biggest holiday park operators to consider putting itself up for sale. Sky News has learnt that Park Holidays, which is owned by the investment firm Intermediate Capital Group (ICG), has appointed bankers to oversee a strategic review that industry sources expect to

The owner of restaurant chains Franco Manca and The Real Greek is going ahead with expansion plans after “very encouraging” trading since the lifting of restrictions on indoor hospitality. Fulham Shore said sales in the first full week following the reopening on 17 May were at 92% of those before the pandemic in 2019, on

Wm Morrison Supermarkets is the latest blue-chip company to find itself in the firing line over bosses’ pandemic payouts after removing the £290m cost of dealing with COVID-19 before calculating executive bonuses. Sky News has learnt that the UK’s third-biggest grocer by market value is facing a big protest vote at its annual meeting next

Nike says it ended its tie-up with football star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations against him by an employee of the sportswear maker. The Brazilian, who became the world’s most expensive player when he signed for Paris St German for €222m in 2017, denies the

New rules banning a “loyalty penalty” on insurance will save consumers £4.2bn over ten years – but could also reduce cut-price switching deals, the UK financial watchdog said. The Financial Conduct Authority (FCA) has confirmed a ban on car and home insurance renewal quotes being any more expensive than they would be for new customers,

The vortex caused by the collapse of Greensill Capital has consumed the fortunes of its eponymous founder Lex, the reputation of former prime minister David Cameron and, most seriously of all, may yet do the same for Liberty Steel and the 3,000 jobs it supports. Rishi Sunak and the Treasury officials who were the subject

Companies such as hotels, bars, restaurants, travel and leisure firms are taking on workers at the strongest rate since late 2015 as hopes for an economic bounce-back grow, new figures suggest A CBI survey pointed to a bounce in jobs growth for Britain’s consumer-facing services sector. The poll showed a balance of +38% when firms