For three days, Donald Trump dominated Davos from a distance. The fourth, he did it in person, albeit virtually, with a speech that took his threats of economic conflict with Europe directly to its political leaders. Stripped from the White House to the World Economic Forum, he delivered a message of complete confidence in American … Read more
Every Thursday our Money Blog team interviews chefs from across the UK, to find out their cheap food tips and much more. This week we chat with award-winning TV chef Andi Oliver. It’s very difficult to make money in the hotel industry… People think you’re doing like a bandit if you have a busy restaurant … Read more
A £9bn contract for a nuclear submarine has been awarded to Rolls-Royce – hailed by the government as a victory for the UK’s economy and nuclear deterrent. The Ministry of Defense confirmed overnight that the British company – not to be confused with the luxury car maker – had won an eight-year contract to design, … Read more
Barclays is proposing to cut its chief executive’s fixed salary each year as part of an overhaul of its pay package that will cap his maximum salary at just over £14 million. Sky News has learned that Barclays has written to its major shareholders this week to inform them of detailed proposals that would change … Read more
Real Madrid have become the first football club to generate more than €1 billion (£845 million) in revenue in a single year, putting themselves at the top of the financial services company rankings. Last season’s La Liga and Champions League winners, Deloitte said the Spanish club had surpassed Manchester City to regain first place in … Read more
Klarna investors have been asked to indicate their interest in selling their shares by the start of next month, which also indicates that the Buy Now Pay Later (BNPL) giant is set to launch a listing on the United States, valuing it at around $20 billion. Sky News has learned that shareholders in one of … Read more
Chancellor Rachel Reeves has indicated she will ignore environmental objections to a third landing strip at Heathrow to prioritize economic growth, a stance likely to put her at odds with colleagues including the Home Secretary. energy, Ed Miliband. Speaking as she began a 48-hour speech to international investors at the World Economic Forum in Davos, … Read more
Netflix is raising prices for some subscribers after reporting 18.9 million new customers in the last three months of 2024. Prices will increase for users in the United States, Canada, Portugal and Argentina. Netflix has not confirmed whether the UK will see similar price increases. In the US, a standard monthly plan with ads will … Read more
River Island, the privately owned fashion retailer, is preparing to exercise tighter control over its cost base as the general public faces the prospect of big tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has brought in AlixPartners to work on a cost-cutting and profit-improving exercise … Read more
The chairman of the British competition regulator has been dismissed by the government, in a context of promoting growth. Marcus Bokkerink, the head of the Competition and Markets Authority (CMA), has been dismissed from his post by the company secretary. Chancellor Rachel Reeves met with regulators last week to impress upon them the central role … Read more