Business

The Barclay family has renewed its efforts to persuade Britain’s biggest high street lender to regain control of the Telegraph newspapers after restating an offer to repay the bulk of the debt it owes to the bank. Sky News understands that the newspapers’ former owners wrote to Lloyds Banking Group again last week to repeat

“Let me start by saying that we are hopeful we will reach a resolution to the SAG-AFTRA strike. We made a last and final offer, which met virtually all of the union’s goals, and includes the highest wage increase in 40 years, and I believe it provides for a positive outcome for all involved. We

White people are 36% more likely to receive a positive response when applying to rent a home than black people, Sky News has learned. Exclusive figures provided by Generation Rent show apparent racism currently in the rental market. The campaign organisation used artificial intelligence to set up two fake profiles, a black and a white

Democrats looked to be on their way to significant victories in off-year elections tonight, with Andy Beshear projected to win reelection in Kentucky, an abortion rights ballot measure easily approved in Ohio and Virginia’s state Senate likely to remain under party control. As cable news networks deployed graphics and teams of pundits to offer their

The battle against inflation could receive a boost – if a big fall in global oil costs is sustained. Brent crude futures fell by 4% on Tuesday to levels not seen since July on the back of data that suggested demand would continue to slide in China – the world’s second biggest economy. Brent was

2nd UPDATE, EXCLUSIVE, 10:29 PM: SAG-AFTRA and the studios have finally called it a night on the latest talks in search of a new three-year contract. In the past 30 minutes or so, the actors union and the AMPTP ended a long bargaining session that started this afternoon. The thinking is they will resume negotiations

The pace of grocery inflation has eased back to single digits for the first time since July last year, according to closely-watched industry data. Kantar Worldpanel, which records supermarket sales and price data, put the annual rate at 9.7% during the four weeks to 29 October. It said the decline, from the 11% recorded over

With its shares in free fall after a dismal third-quarter earnings report, Dish Network executives faced the music with Wall Street, conceding in an earnings call that they face an array of intensifying challenges. “We have a narrow path, but there is a path, to achieve financial stability and make sure we meet our commitments,”

British Steel has revealed a decarbonisation plan that could result in the loss of 2,000 jobs in Scunthorpe, according to unions. The Chinese-owned company confirmed it was to shut down its blast furnace and replace it with two cheaper, greener electric arc furnaces (EAFs) – one of which was to be located up the coast

EXCLUSIVE: Chernin Entertainment is the latest media company to undergo a round of layoffs. We hear that a number of executives including Bill McGoldrick are leaving Peter Chernin’s company as part of the cost-cutting moves. It’s believed to be part of trimming at Chernin Entertainment as the former Fox boss builds up his The North

Ryanair has reported a surge in fares – as a record number of passengers flew with the airline over the summer. Compared to a year ago, the average fare rose by 24% to €58 (£50.27), Ryanair reported in its results for the first half of the 2023/24 financial year. Michael O’Leary, the low-cost airline’s chief

Taylor Swift just had a week where the biggest news wasn’t Travis Kelce. Continuing to add to her billion-dollar empire, Swift’s 1989 (Taylor’s Version) bowed this week at #1 on the Billboard 200, Top Album Sales, Vinyl Albums and Top Streaming Albums charts. A somewhat breathless release from Swift’s Republic Records noted sales of more

The England footballer Ollie Watkins is among a group of investors ploughing new funds into a fast-growing British online sneaker and streetwear marketplace. Sky News understands that Mr Watkins, who played for Aston Villa on Sunday in the 2-0 defeat at Nottingham Forest, is backing The Edit LDN, which has operated concessions in department stores

The Washington Post has tapped Will Lewis as its next publisher and CEO, as the media outlet grapples with a revenue decline that has forced it to reduce its staff. Lewis, who served as the CEO of Dow Jones and publisher of The Wall Street Journal from 2014 to 2020, will start in his role

Seafood allegedly produced using the forced labour of Uyghur people in China may have been sold at Iceland – and could be on sale now at other British supermarkets, according to an investigation. Iceland told Sky News it no longer had a relationship with the Chinese supplier in question. Since 2018, the Chinese government is

Klarna, the buy now, pay later (BNPL) finance giant, is setting up a new British holding company as it clears the path to a stock market flotation that could value it at more than $15bn (£12.1bn). Sky News has learnt that the Stockholm-based consumer credit provider has informed investors it has kicked off preparatory work

EXCLUSIVE: Today’s meeting between SAG-AFTRA and an expanded group of studio CEOs has just ended as the guild scrutinizes the AMPTP‘s long awaited response to their last comprehensive counter. On this 114th day of the actors strike, the top brass from Netflix, Disney, NBCUniversal, Paramount, Amazon, Sony, Warner Bros Discovery and more spoke with SAG-AFTRA

Ian King talks to Sky News’s city editor Mark Kleinman about the future of Manchester United. He also speaks to the founder and chief executive of Venrai, Jason Tucker-Feltham, about Sam Bankman-Fried – who’s been found guilty of crypto fraud. Mary Aiken, Professor of Cyberpsychology at Capitol Technology University in Washington, is also interviewed on

EXCLUSIVE: A new proposal from the studios to try to end the 113-day-old SAG-AFTRA strike has just been delivered to the guild. The actors guild and the AMPTP have set further negotiations for this weekend, we hear, with studio CEOs expected to participate directly. Anticipation that this could mean a new three-year contract is at