Business

Asda Group has said it will acquire petrol station operator EG Group’s UK and Ireland business, creating a company with combined revenues of nearly £30bn. The news confirms a report by Sky News City editor Mark Kleinman last week, which said the “finishing touches” were being put on the deal. Asda is the UK’s third-largest

Elon Musk’s Twitter platform could potentially be banned in Europe if it doesn’t follow the disinformation rules. The threat comes from France’s Digital Minister Jean-Noël Barrot who recently talked about the importance of following guidelines to combat fake news on social media. “Disinformation is one of the gravest threats weighing on our democracies,” Barrot said

HSBC will next month unveil a new name for the technology-focused bank it rescued earlier this year after its US parent collapsed. Sky News has learned that Europe’s biggest lender intends to rebrand Silicon Valley Bank UK (SVBUK) under the name HSBC Innovation Banking. The new identity is expected to be announced to coincide with

A behind-closed-doors trial is being held in Tehran for an Iranian journalist on charges resulting from her coverage of Mahsa Amini, whose 2022 death in custody by Iran’s morality police sparked months of protest. Elaheh Mohammadi, a reporter for the pro-reform Hammihan newspaper who is on trial in Tehran, as well as Sharq newspaper journalist,

Ian King hears from Chancellor Jeremy Hunt, who says the government will do whatever it takes to bring down inflation, even if that means a recession. He also speaks to Nick Harding, the chief executive of consumer lender Fluro as analysis by PwC shows total household debt in the UK has exceeded 2 trillion pounds

 Team Penske’s Josef Newgarden surged past defending champion Marcus Ericsson on the final lap – then jumped out of his car and ran into the Indianapolis Motor Speedway grandstands to celebrate with fans – as he won the 107th Running of the Indianapolis 500 for the first time in his career. “I started out as a fan in the crowd and this

The Ineos billionaire Sir Jim Ratcliffe remains the leading candidate to buy Manchester United Football Club despite an inconclusive board meeting held late last week. Sky News understands that directors of the Premier League club’s holding company met on Thursday to discuss the progress of its £5bn-plus auction. Controlled by members of the Glazer family

George Michael and Clayton Kershaw agree on one thing: “Ya gotta have faith.” The Los Angeles Dodgers and Kershaw have announced what’s termed a “relaunch” of the team’s “Christian Faith and Family Day” event. News of the resurrected faith event comes shortly after the team enmeshed itself in a controversy over its Pride Night celebration.

Plans to encourage supermarkets to introduce voluntary price caps on food staples in a bid to help with the cost of living crisis are being drawn up by Downing Street, according to reports. The scheme would aim to get retailers charging the lowest possible amount for some basic products like milk and bread, the Sunday Telegraph reported. A

The White House and House Republicans reached an agreement in principle on Saturday to raise the debt limit and avert a default. House Speaker Kevin McCarthy said that after speaking with President Joe Biden, they had “come to an agreement in principle that is worthy of the American people.” The agreement was reached with little

The executive who presided over a bitter “cruises and cufflinks” row at one of Britain’s biggest wealth managers is preparing to step down. Sky News has learnt that St James’s Place, the FTSE-100 group which oversees more than £150bn of client assets, has kicked off a search to replace Andrew Croft. City sources said on

Nicholas Gray, whose Gray’s Papaya hot dog shop was a Manhattan fixture for 50 years, has died at 86. Gray died May 19 at a New York hospital from Alzheimer’s complications, the Wall St. Journal reported. Located near the corner of Broadway and 72nd Street in Manhattan, the shop was known as a quick and

The government finds its hands somewhat tied at present on measures it can take to boost economic growth. The parlous state of public finances – the government borrowed £25bn alone in April – means that neither meaningful tax cuts nor increases in public spending that lift productivity are feasible just now. So it is no

The Writers Guild of America West received the most robust support from their sister unions in Los Angeles at the “Unions Strike Back” Rally on Friday evening. In solidarity with WGAw President Meredith Stiehm stood Hollywood Teamsters Local 399 secretary-treasurer and chief negotiator, Lindsay Dougherty; SAG-AFTRA national executive director and chief negotiator, Duncan Crabtree-Ireland; UTLA President, Cecily

Britain’s largest building society has made some mortgages more expensive as the Bank of England’s interest rate is now expected to rise higher than previously thought. Nationwide has said interest rates on new fixed-rate mortgages will rise 0.45 percentage points. It follows moves by lenders such as Halifax, Santander and Atom Bank who also upped

Longtime Russo Brothers partner Mike Larocca is leaving the filmmakers’ studio AGBO that he co-founded at the end of this year, Deadline has confirmed. As the Co-Founder and Vice Chairman of AGBO, Larocca focused on creative development and production. Said Joe and Anthony Russo in a statement to Deadline, “We founded AGBO with Mike seven years

Britain is determined to compete in the global race for green investment, the chancellor has told Sky News, days before the expected announcement that Jaguar Land Rover owner Tata will build a major new battery factory in the country. Jeremy Hunt said that he was prepared to deploy subsidy money from the government’s £1bn war

Lionsgate CFO Jimmy Barge said the company will see little to no financial impact from a three-month WGA strike – about how long the guild’s last work stoppage lasted — and that it hasn’t factored prolonged labor action into its guidance. A strong content pipeline and large library makes the business pretty resilient, he told

The owners of Asda and petrol stations giant EG Group were on Thursday applying the finishing touches to a £10bn merger of their operations in Britain. Sky News has learnt that the billionaire Issa brothers – Mohsin and Zuber, who launched EG Group – and TDR Capital are aiming to announce the tie-up on Friday.

EXCLUSIVE: Laika has named two executives to its expanding live-action division, with Jeremy Kipp Walker joining the company as Executive Vice President of Live-Action Production and Chaz Salembier taking on the role of Creative Vice President, Live-Action Film.  Effective immediately, both executives will report to Matt Levin, who joined Laika as President of Live-Action Film