A UK pension scheme has been branded “deeply irresponsible” after investing in Bitcoin. The unnamed defined benefit scheme became the first in the UK to take the plunge, using 3% of its assets to buy cryptocurrencies last month. Pensions specialist Cartwright acted as an advisor to the program and said the allocation was “a strategic … Read more
The daughter of a post office victim who was investigated while battling terminal cancer says it’s time for Fujitsu to “take responsibility” for compensation. Katie Watson’s mother Fiona died in 2004, less than a year after she was forced to admit stealing from her branch. During the investigation, he was diagnosed with lymphoma. Ms Watson … Read more
London’s Smithfield meat market is set to close after more than 800 years, with trading expected to cease permanently after 2028. The City of London Corporation, which manages the site, said on Tuesday its council had voted to shut down the Smithfield and Billingsgate fish market. The original plan had been to relocate the markets … Read more
One of the world’s biggest investment groups is in talks to help fund the owner of the New York Sun’s £550 million takeover of the Daily Telegraph. Sky News has learned that Apollo Global Management, which oversees assets worth $733 billion, has in recent days held initial discussions with Dovid Efune and his advisers about … Read more
Donald Trump threatened to impose new tariffs on Mexico, Canada and China on his first day in office. The president-elect, who takes office on January 20 next year, announced that he would introduce a 25% tax on all products entering the country from Canada and Mexico. Posting on his Truth Social platform, he also threatened … Read more
Victims of the postal scandal will wait until the end of 2024 for improvements to the compensation system, otherwise the case “will be sent to court”, according to Sky News. A newsletter sent by Sir Alan Bates to members of the Group Litigation Order (GLO) scheme states that “if nothing has greatly improved” in terms … Read more
Microsoft said it began “rolling out a fix” after users reported issues with Outlook and Teams. The tech giant said Monday that users were impacted due to a “recent change” to its Exchange Online program. The issue meant users struggled to send or upload email attachments when using Outlook, were unable to connect to the … Read more
Young people will lose their benefits if they refuse to take up work and training opportunities, a minister has said before announcing measures to cut the welfare bill. Liz Kendall, work and pensions secretary, told Sky’s Sunday Morning with Trevor Phillips that “conditions” will be attached to the new skills opportunities the government intends to … Read more
Tax rises announced in the recent Budget will hit businesses rather than boost growth, the head of one of the UK’s biggest business groups warned on Monday. The Confederation of British Industry (CBI) has joined a chorus of voices opposing Chancellor Rachel Reeves’ tax measures, which Labor says are needed to plug a £22 billion … Read more
The breakup of one of Europe’s largest classifieds groups will be kicked off this week with the more than €500m (£414m) sale of Distilled, a major player in the Irish online advertising market . Sky News has learned that Adevinta, which was previously listed in Oslo and taken private by private equity firms Blackstone and … Read more