Business

The former chair of collapsed retail chain Wilko has told MPs that the retailer “ran out of cash” before its turnaround efforts were able to take effect. The business and trade committee heard Lisa Wilkinson explain a host of challenges, not least from high rents and other costs. She said a crucial loan fell through

A group of former WWE shareholders has filed a class-action lawsuit alleging that the events leading up to the merger of WWE and Endeavor’s UFC into TKO Group this year resulted in a “sham sales process” designed to keep Vince McMahon in power and minimizing other bidders. The suit, made public Monday in Delaware Chancery

One in three households with children will struggle to afford a family Christmas this year, according to a new report. The YouGov poll of more than 2,000 adults also found that an estimated 8% of the population – around four million people – will be relying on credit to cover their costs over the festive

M. Scott Havens, who has been CEO of Bloomberg Media for almost two years, has been hired by the New York Mets. The exec will oversee business operations for the team, with a portfolio including pretty much everything but baseball. The position had been vacant since Sandy Alderson transitioned to a consulting role last year.

Metro Bank is in talks to offload a £3bn mortgage portfolio to Barclays as part of a broader financial restructuring aimed at saving the smaller high street lender from collapse. Sky News has learnt that Metro Bank has entered exclusive talks with Barclays to sell the residential mortgage book in a move that would strengthen

A Disneyland park guest in Anaheim, California was arrested and escorted off the property by local authorities after stripping off their clothes during the It’s A Small World attraction. The incident happened on Sunday afternoon during the busy Thanksgiving holiday weekend. A Disneyland Resort representative told Deadline that the guest got off the ride while

The former CNN president Jeff Zucker will fly into London this week amid mounting controversy over the Abu Dhabi-backed takeover of The Daily Telegraph he is spearheading. Sky News understands that Mr Zucker, the boss of RedBird IMI, will hold meetings with key stakeholders as expectations grow that the government will launch a public interest

Buffy Sainte-Marie says a CBC News investigation that questioned her Indigenous heritage is an attack on her character, life and legacy. “Being an ‘Indian’ has little to do with sperm tracking and colonial record keeping: it has to do with community, culture, knowledge, teachings, who claims you, who you love, who loves you and who’s your

Fuel prices have dropped twice as fast since petrol stations were warned they were ripping off motorists, analysis has shown. A Competition and Markets Authority (CMA) report on 8 November accused retailers of failing to pass wholesale cost savings on to customers. The regulator said the differences between pump prices and wholesale costs in September

Vice President Kamala Harris and Second Gentleman Doug Emhoff continued their visit in Los Angeles Thanksgiving week, making an unscheduled pit stop at the Venice Bakery for Small Business Saturday where the former addressed the current hostage exchange between Hamas and Israel. Earlier today, news reports read that there was a slowdown in Israeli hostages

Nearly half of women transport workers have been sexually harassed at work, according to a new survey. The Rail, Maritime and Transport (RMT) Union questioned 1,400 female workers across rail, bus, metro and passenger ferry operations. It found four in 10 have been victims of such distressing behaviour in the last year, with incidents including

Over two weeks after SAG-AFTRA reached a deal with the studios and ended their nearly four-month long strike, the actors guild has just released the full text of the tentative agreement. We’ll get into the fine print soon with analysis of this draft document (as Guild National Director Duncan Crabtree-Ireland notes: “The MOA  is not ‘final’

The founder of Revolution Beauty, the London-listed cosmetics group, is in negotiations to repay nearly £3m to settle allegations that he breached his fiduciary duties to the company. Sky News has learnt that Adam Minto, who stepped down as chief executive just over a year ago, is in advanced talks to hand over the multimillion

On the first day of a temporary cease-fire between Israel and Hamas, hundreds of pro-Palestinian protesters rallied in the Fairfax District. A portion of the crowd marched through the streets and into The Grove as part of a nationwide effort demanding a lasting ceasefire in the war, as well as an end to U.S. aid

The Ladbrokes and Coral owner has agreed a deal with the Crown Prosecution Service (CPS) to pay £585m after a bribery investigation. Entain is paying the sum following a Bribery Act investigation by HM Revenue & Customs (HMRC) into its former Turkish business. Under investigation were activities of suppliers and former employees of the Entain

For a Friday that is time for reflection and giving thanks, host Billy Ray and returning original host Todd Garner welcomes WGA president Meredith Stiehm and SAG-AFTRA president Fran Drescher. They talk with the guys about the lessons learned from the long and brutal six month strike that is finally and mercifully over. The guild

HSBC customers have been left without online and mobile banking services on Black Friday. Shortly before nine o’clock on Friday the bank said it is investigating the issue “as a matter of urgency” and apologised to customers. It’s working to restore mobile and online banking service, HSBC said, including authorising online card purchases via the

Sean “Diddy Combs has been sued for sexual assault for the second time in as many weeks. In a lawsuit filed Wednesday in in New York Supreme Court, Joi Dickerson-Neal alleges that the rapper and record mogul drugged and sexually assaulted her in 1991 and later engaged in “revenge porn.” She claims to have “substantial

Amazon workers in the UK are to go on strike today to coincide with Black Friday – one of the company’s busiest shopping days of the year. More than 1,000 staff at the firm’s warehouse in Coventry are expected to take part in the walkout, the GMB union said, amid a long-running dispute over pay