Business

The number of landlords selling up has risen by nearly 13% in four months, Sky News has learned. The statistics, given to us by the estate agents trade body Propertymark, show an increase from July to October. Why should we care what happens to landlords? In basic terms, if the landlord exodus continues we could

McLaren Group, the supercar manufacturer and Formula One team-owner, is in talks to raise hundreds of millions of pounds in new funding aimed at steering the British-based company into the electric vehicle era. Sky News has learnt that McLaren has opened talks with existing shareholders including the sovereign wealth funds of Bahrain and Saudi Arabia

Ever since April, when HSBC’s biggest single shareholder, Ping An, began lobbying the lender to spin off its Asian operations into a separate business, there has been speculation over what has motivated the Chinese insurer to do so. Some, including a number of analysts covering the banking sector, have speculated that Ping An, which owns

Increasingly volatile rapper Kanye West, who now goes by Ye, is no longer going to acquire right-wing social network Parler. Parlement Technologies, the parent company of Parler, confirmed the breakup of the acquisition deal in the wake of West’s appearance on InfoWars, which featured more spasms of unfiltered antisemitism. The transaction had been slated to

Collapsed fashion retailer Joules will live on after Next agreed a £34m cash rescue deal that preserves most of its stores and jobs. Under the deal Next will pick up 100 of its 132 stores and only 133 of 1,600 staff will lose their jobs. Nineteen shops are to immediately close in: CarmarthenCheltenhamChichesterEdinburghExeterGatesheadLyme RegisNewburyNorthcote Road,

A large group of Walt Disney World employees marched near — but not on — Walt Disney World property today, holding signs that said “Magic Doesn’t Pay The Bills” and chanting “need a raise.” The Services Trades Council Union (STCU), which is a coalition of six unions representing close to 42,000 WDW cast members, is

A crypto entrepreneur says his net worth has fallen from $26.5bn to $100,000 after his company imploded. Sam Bankman-Fried admitted it has been a “bad month” after FTX collapsed into bankruptcy, leaving thousands of people frozen out of their savings. The 30-year-old – who once positioned himself as a saviour for stricken firms – has

Los Angeles looks to be in the midst of a new winter Covid surge that’s so far hitting earlier and harder than it did last year. Today’s 24-hour case count for L.A. County rose to 4,353, which is the highest daily total in nearly four months. The last time a single-day case count topped today’s

HSBC has announced plans to shut a further 114 UK branches, or more than a quarter of its surviving sites. The UK-based but mainly Asia-focused bank said they would begin to shut from April next year. The decision, as the wider banking sector has consistently claimed over many years, is the result of the surge

Disney said an upcoming restructuring under new/old CEO Bob Iger could result in impairment charges. It also noted that, as expected, it’s acquired the remaining 15% of streaming tech company BamTech it didn’t already own, paying $900 million. The news was tucked in a long year-end SEC filing today after a tumultuous ten days for

More energy suppliers could go bust this winter potentially taking government payments intended for customers with them, the chief executive of British Gas owner Centrica has warned. Chris O’Shea told Sky News that the UK energy market, regulated by Ofgem, offers “wealthy individuals” behind some retail suppliers a “free bet” to speculate, with other bill

Jake Flint, a country music star from Oklahoma, died at the age of 37, his manager Brenda Cline announced on social media. “With a broken heart and in deep grief I must announce that Jake Flint has tragically passed away,” Cline shared on Facebook. “I’ve tried several times today to make a post, but you

It was as long ago as 1982, back in the pre-privatisation days of the Central Electricity Generating Board, that the idea of building a new nuclear power plant in Suffolk – Sizewell C – was first mooted. At that time, construction had yet to begin on the neighbouring Sizewell B, which for now remains the

Actor and singer-songwriter Reneé Rapp, known for her breakout role on HBO Max’s The Sex Lives Of College Girls, has signed with WME in all areas. Rapp portrays Leighton, a fourth-generation legacy student at the prestigious New England Essex College in The Sex Lives of College Girls, a breakout role which marked her television debut. The series

An aircraft engine has successfully been powered with hydrogen fuel in what is thought to be a world first, Rolls-Royce has said, in an attempt to reduce the enormous carbon footprint of flying. The aerospace manufacturer and partner easyJet, the low-cost airline, say the ground test marks a “major step” towards proving that hydrogen could

The Casting Society of America will host a town hall for Latino actors as part of its ongoing Commitment to Equity in Entertainment in Casting Initiative, which is designed “to effect concrete change in how actors in historically underrepresented communities are afforded access to job opportunities.” The town hall, titled ¡Mi Gente! For Latine Actors

The National Grid will not implement its blackout prevention scheme tomorrrow evening after French energy suppliers said they were struggling to cope with demand. Earlier today it was announced that the Demand Flexibility Service (DFS), which is designed to avoid blackouts, may have been brought in for the first time on Tuesday evening to reduce

Kim Kardashian has broken her silence over the controversial Balenciaga photo shoot that featured children posing with teddy bears in bondage. “As a mother of four, I have been shaken by the disturbing images,” she said in a series of tweets. “The safety of children must be held with the highest regard and any attempts

A pubs industry veteran is drinking to his biggest shareholder after it injected new funding into his business amid talks with lenders. Sky News understands that Oaktree Capital has in recent weeks committed millions of pounds to RedCat Pub Company, set up by Rooney Anand, which trades from roughly 120 venues. An industry source said