Business

The England and Wales Cricket Board (ECB) has received a £400m private equity approach that would see it relinquish majority ownership of The Hundred while raising funds to inject into the sport’s cash-strapped counties. Sky News has learnt that the governing body has in recent weeks been handed an offer from Bridgepoint Group, the London-listed

Elon Musk has confirmed that his new paid checkmark system for Twitter verification is “tentatively” scheduled to roll out — for the second time — next Friday, December 2. Musk specified on Friday that accounts for companies, government officials and entities, and individuals will be marked with different colors — “gold check for companies, grey

An extra £118m, at least, will be spent this year on temporary accommodation, such as hotels and B&Bs, by councils, a Sky News investigation has found. If trends continue, local authorities in England will spend nearly a quarter more (24%) this financial year than pre-COVID-19. Outside London, expenditure is on track to increase by 55%.

Charles Koppelman, whose publishing and talent development vision made him one of the recording industry’s top executives, has died at 82. No cause was given by his son, Brian, showrunner of Billions, and daughter Jenny Koppelman Hutt. “He spent his last days surrounded by those he loved the most,” his son wrote on social media.

The gas and electricity watchdog has announced a series of new rules for energy companies, including requiring firms to hold more capital, similar to the regulations placed on the banks in the wake of the financial crisis. Ofgem has proposed the regulations to protect customers and make firms more resilient after a number of electricity

It’s estimated that 55 million Americans will travel over the Thanksgiving holiday. That’s the highest level since the pandemic began and the third-highest since AAA began tracking the holiday in 2000. At the same time, Covid cases have been steadily rising nationally, with the most recent 24-hour total being 111,386, according to John’s Hopkins. That’s

UK car production has returned to growth, although it is still well below pre-pandemic levels, the Society of Motor Manufacturers and Traders says. Some 69,524 cars were built in October, up 7.4% on the same month a year ago. September had seen a fall in numbers, after four consecutive months of growth, illustrating how supply

Twitter owner Elon Musk said Thursday that beginning next week he will begin reinstating suspended accounts of users, who had been banned for offenses such as violent threats, harassment, abuse and misinformation. His move comes in response to a Twitter poll, which asked, “Should Twitter offer a general amnesty to suspended accounts, provided that they

A pound could buy $1.21 on Thursday morning, the highest amount since mid-August, making imports cheaper for UK companies and consumers. The 20 cents rise in sterling buying power from an all-time low in the days following the September mini-budget and the associated market upset, is due to dollar weakness rather than pound strength. The

Alessandro Michele, whose high-profile fashion clients include Jared Leto, Billie Eilish, Florence Welch, rockers Måneskin, and singer Harry Styles, is leaving the house of Gucci as creative director. His exit was announced Wednesday, ending an eight-year run. Womenswear Daily reported Michele’s expected departure on Tuesday, citing sources that said Michele had failed to meet a

Royal Mail workers are beginning a 48-hour strike that the retail sector warns could cripple the Black Friday discount shopping season. The strike action is being taken nationwide by 115,000 staff who are represented by the Communication Workers Union (CWU). It is the latest stoppage in a long-running, and increasingly bitter, dispute over pay and

Stephen King is back at calling out Twitter’s new direction as Elon Musk took the reins of the company. This time, the bestselling author made an observation over what advertisers the social media platform would have after many companies paused their spending. “Pretty soon the only advertiser left on Twitter will be My Pillow,” King

Pay growth has only kept up with inflation in one industry, official figures show. According to data from the Office of National Statistics (ONS), regular wages – wages excluding bonuses – have only risen as fast as prices in the professional and scientific industry. Jobs in the sector include legal services, management, engineering and scientific

The Glazer family’s ownership of football giant Manchester United could be set to end. A note to the New York Stock Exchange yesterday confirmed they are expiring “strategic alternatives” for the English football club, including the possibility of selling up. The statement said the process was “designed to enhance the club’s future growth, with the

Manchester United’s American owners have confirmed they could sell the club as they explore “strategic alternatives” to boost its sporting and commercial success. It comes after Sky’s City editor Mark Kleinman exclusively revealed the Glazer family were preparing to announce the news and were already being advised by bankers. Fans of Manchester United have long

Jack Abernethy, Chief Executive Officer of Fox Television Stations, will be the 2023 honoree of the Broadcasters Foundation of America Golden Mike Award. “I would like to thank Scott Herman, Tim McCarthy, and the Broadcasters Foundation Board of Directors for this prestigious Golden Mike Award and for their tremendous commitment to helping and supporting broadcasters

A fresh round of rail strikes in the run-up to Christmas and in the New Year have been announced. Workers are to stage a series of 48-hour strikes in December and January in the long-running dispute over pay, jobs and conditions, the Rail, Maritime and Transport Workers (RMT) union said. Over 40,000 members across Network

Yvonne Wheeler, a veteran labor leader and civil rights activist, has been elected president of the Los Angeles County Federation of Labor, AFL-CIO – the first Black woman to hold the post. She succeeds Ron Herrera, who resigned last month after being caught up in the leaked tape scandal that roiled City Hall. IATSE 2nd

Energy suppliers need to do more to help vulnerable customers this winter, the industry’s regulator has said, with “severe weaknesses” found in the practice of five suppliers. Ofgem said failings included customers missing out on free gas safety checks, vulnerable customers not being offered the support they need, and ensuring those on prepayment meters are

Bob Iger, who was reinstalled as CEO of the Walt Disney Co. yesterday, will be eligible to receive up to $27 million in each of the two years he is under contract to lead the company. The compensation targets covering Iger’s new contract window, from November 20, 2022, through December 31, 2024, were disclosed disclosed