Business

Britain’s biggest carmaker Jaguar Land Rover has reported an annual loss for the third year in a row and warned of an increasingly tough battle to overcome supply chain problems. The company, owned by India’s Tata Motors, reported a pre-tax loss of £861m for the year to the end of March, after posting a shortfall

Rain showers have dampened spirits on the high street as shopper numbers fell despite the reopening of indoor hospitality. Footfall across UK shopping destinations was down 3% on the same period last week, according to figures covering the period up to 5pm on Monday from data company Springboard. Shopping visits also remain well below pre-pandemic

Thousands of British holidaymakers have started to fly out the country – with some heading to amber list destinations – as the ban on overseas leisure travel is lifted in England, Wales and most of Scotland. Travel firms have reported a surge in demand for trips to Portugal, after the government put it on its

Santander’s telephone, branch, online and card services are all experiencing major issues, customers are reporting – and the bank has admitted it has no idea when they will be fixed. Santander‘s mobile app and ATMs are also having problems and the bank has said that it is working to resolve the technical difficulties responsible. Responding

The chairman of easyJet is preparing to step down as Britain’s airline industry holds its breath for a summer season recovery that could salvage its short-term future. Sky News has learnt that the low-cost carrier has appointed headhunters to identify a successor to John Barton, who has held the role since 2013. City sources said

Debenhams stores across the UK will shut their doors for the final time later, bringing more than 240 years of retail history to an end. The department store chain, a staple of high streets since 1778, will close its remaining 28 stores for good on Saturday after the company collapsed amid the fallout of the

Portugal has confirmed that tourists from the UK will be able to travel to the country from Monday. The country’s minister of foreign affairs said anyone arriving from 17 May must have had a negative PCR result within the previous 72 hours. Existing travel restrictions on travel into the country from Britain will end on

The Serious Fraud Office has said it is investigating steel tycoon Sanjeev Gupta’s business empire – including links with Greensill Capital. The SFO said in a statement said it was looking into “suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family

Amazon has announced plans to create more than 10,000 new permanent jobs in the UK this year. The online retail giant is opening new operations in Hinckley, Doncaster, Dartford, Gateshead and Swindon in 2021 and is also hiring for corporate roles as well as its cloud-computing division Amazon Web Services. Amazon’s latest recruitment drive, hailed

Kellogg’s has promised to cut sugar in its children’s cereals by 10% and salt by 20%. The move, part of a decade-long plan, will lead to all the food company’s cereals no longer being high in fat, salt and sugar by the end of next year. It also plans to cut the sugar in Krave,

The world’s largest travel firm has warned it may be forced to cancel holiday flights to Portugal, just as the UK allows them again, because of a continuing EU ban on non-essential travel from countries outside the bloc. TUI, which told Sky News earlier this week that people were giving up on booking a break

Tesla has halted the use of Bitcoin to pay for its vehicles because of the environmental impact of using the currency. Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, a process known as mining, an energy-intensive activity that currently often relies on electricity generated with fossil fuels, particularly

Holidaymakers have been giving up on getaways this summer thanks to a “lack of clarity” on the easing of travel restrictions, latest trading figures from TUI suggest. The German-based travel giant said 2.6 million customers were booked for its peak season, down from 2.8 million reported in February – with some putting off their holidays

David Cameron told the Treasury’s top civil servant it was “bonkers” that a financial services firm he was lobbying for had been denied access to government-backed COVID loans. MPs on the Treasury select committee have released correspondence between the former prime minister and a range of ministers and officials on behalf of Greensill Capital. It

Soho House Group, the global network of private members’ clubs, is to change its name and offer its shares to tens of thousands of customers as part of a plan to give it a flying start to life as a publicly listed company. Sky News has learnt that Soho House is to rename its parent

Ministers are preparing to sell another stake in NatWest Group, taking British taxpayers close to ending their status as the bank’s majority shareholder for the first time in well over a decade. Sky News has learnt that a number of institutional investors have been sounded out about a possible placing of NatWest shares that could