Business

What lies 1,000 metres beneath the North Sea could help the climate of the atmosphere above. And I’m on my way down to see it. The rattly lift drops at 10 metres per second, the speed of a sprinter, ruffling the air and flapping my shorts as it plunges down. Yes shorts. I wear a

Shipping costs have risen by more than 300% since November amid the disruption caused to freight in the Red Sea from attacks, according to fresh data. Just hours after US and UK-led attacks on Yemen aimed at preventing renewed assaults on shipping by Iran-aligned Houthi rebels, it was revealed that freight prices continued to rise

The UK economy returned to growth in November, according to official figures that are being closely watched amid fears the prospect of recession remains on a knife edge. The Office for National Statistics (ONS) reported output growth of 0.3% for the month – recovering from a 0.3% decline witnessed in October when many weather-sensitive sectors

Two tech giants are battling it out for the title of the world’s most valuable company. Microsoft had overtaken Apple for the first time since 2021 to become the world’s most valuable firm by market capitalisation – which measures the value and number of a company’s shares. Money latest:‘Huge announcement’ on car finance could see

Tesco has raised its annual profit forecast while joining Marks and Spencer (M&S) in reporting strong Christmas sales. Tesco, the UK’s largest retailer, said comparable sales growth over six weeks to 6 January was 6.8% higher compared to the same period last year. The figure rose to 7.5% over the 19 weeks also covering its

Starbucks is being sued in the US for alleged false advertising over how ethically sourced its products are. The lawsuit centres on accusations it is getting coffee and tea from farms that have human rights and labour abuses, when the company says it is committed to “100% ethical sourcing”. The legal action, which has been

Sainsbury’s says its first Nectar Prices Christmas helped it to achieve volume growth ahead of the grocery market over the festive season but sales were not up across the board. The UK’s second-largest supermarket chain by market share reported a 9.3% rise in grocery sales over the 16 weeks to 6 January. It stated that

On today’s episode, Ian King speaks to John Grant, chief analyst at the aviation analytics firm OAG, about problems mounting for Boeing, as its 737-9 MAX jets continue to be inspected. Plus, hear from YouGov boss Steve Hatch about the firm’s latest acquisition. And global cloud enterprise software company, IFS, has a new chief executive

The justice secretary is meeting with senior judges today to discuss ways to accelerate the appeals of those convicted in the Horizon scandal, with cabinet minister Mel Stride saying an announcement could come this week. The government is facing fresh calls to act following the airing of the ITV drama, Mr Bates vs The Post

Barclays is in the process of removing 5,000 roles from its global workforce in recent months as part of a renewed push by executives to slash costs and improve the bank’s profitability. Sky News has learnt that a total of roughly 5,000 jobs were shed from the British bank’s 84,000-strong ranks during 2023, with about

Rolls-Royce Motor Cars has reported another year of record sales, bolstered by a recovery in China and the launch of its new all-electric Spectre model. The Goodwood-based firm, which is owned by BMW, said 6,032 vehicles were delivered to customers in 2023 – a slight uptick on the previous 12 months. The performance was driven,

Planned strikes which would have crippled London Underground services this week have been called off, according to a union. RMT say the industrial action by its workers on the Tube network – scheduled to take place from Monday to Thursday – will no longer go ahead, after positive talks with Transport for London (TfL). The

Dramatic footage shows the moments after a window and chunk of fuselage blew out of a passenger plane in mid-air, leaving a gaping hole in the side of the Boeing 737-9 MAX.  One Alaska Airlines passenger on the affected flight said a boy and his mother were sitting in the same row as the damage

Some of BP’s largest shareholders have urged it to approach Charles Woodburn, the BAE Systems chief executive, about becoming the FTSE-100 oil behemoth’s next boss. Sky News has learnt that several large investors believe that BP should target the appointment of an external candidate as its CEO for the first time in its 114-year history.

Chancellor Jeremy Hunt is unsure if the government can afford further tax cuts – as a National Insurance (NI) reduction comes into force today. The pre-election cut to NI, from 12% to 10%, will impact around 27 million payroll employees across the UK. A person earning the UK’s average salary of £35,000 will save £450

The chairman of NatWest bank has come under fire after he claimed it is not “that difficult” for people to get on the property ladder in the UK. Sir Howard Davies said that while some found it hard to “start the process”, aspiring homeowners “have to save and that is the way it always used