Business

The outgoing chief executive of Rightmove is among a pack of contenders to become the next boss of Future, the Marie Claire and Wallpaper publisher. Sky News has learnt that Peter Brooks-Johnson, who will leave the property portal in March, has been shortlisted to succeed Zillah Byng-Thorne, the media group’s veteran chief. Mr Brooks-Johnson is

Nearly 100 charities and organisations are calling for a social energy tariff to help low-income and vulnerable people heat their homes amid the ongoing cost of living crisis. In an open letter to Chancellor Jeremy Hunt, groups including Age UK, Scope and National Energy Action (NEA) have warned that the withdrawal of universal energy support

Climate change is slipping down the international agenda, raising the risk governments will slow their pace in reducing greenhouse gas emissions, the head of a global energy watchdog has told Sky News. Speaking on the fringes of the World Economic Forum in Davos, Fatih Birol, executive director of the International Energy Agency, said the mood

The Treasury is close to agreeing a £300m aid package for the UK’s second-biggest steel producer in a move aimed at reducing its carbon footprint and averting the loss of thousands of industrial jobs across northern England. Sky News has learnt that Jeremy Hunt, the chancellor, has been advised by officials to approve a request

Lloyds Pharmacy is to pull out of 237 in-store Sainsbury’s branches, potentially putting more than 2,000 jobs at risk and exposing the financial pressure on UK pharmacies at the height of the NHS crisis. Lloyds Pharmacy, which bought Sainsbury’s 280-strong pharmacy network in 2015 in a deal worth £125m, said it would close the branches

Argos will shut all of its stores in the Republic of Ireland in June this year, the company said on Thursday, following a “period of careful consideration”. The move is expected to result in 580 employees losing their jobs and the closure of 34 sites across the country. The company, which sells electronics, gadgets, and

Major North Sea oil and gas operator Harbour Energy has revealed plans for job cuts, blaming the impact of the government’s windfall tax on profits. A spokesperson for Harbour, the biggest offshore producer in UK waters, told the Reuters news agency the job losses would impact its head office functions in Aberdeen. They added that

Microsoft is preparing to axe thousands of jobs in the latest move by one of the world’s biggest technology companies to reduce its workforce in the face of a slowing global economy. Sky News has learnt that the US software giant could announce plans to cull a significant number of posts around the world within

Manchester City has topped a closely watched global revenue ranking for the second year running, with the wider Premier League taking “the lion’s share” of the top spots globally for the first time. The 26th edition of the Deloitte Football Money League, which determines the top 20 clubs for revenue during the 2021/22 season, showed

Hundreds have lost their jobs after British electric car battery company Britishvolt fell into administration. The majority of Britishvolt’s 232 staff have been made redundant, administrators said, after the group made an application for administration to the courts on Tuesday. It followed talks with investors over a possible sale to keep the firm afloat. A

The governor of the Bank of England has told MPs there is still “something of a hangover effect” in the wake of the mini-budget market chaos last year but declared that the hit to mortgages was over. Andrew Bailey used remarks to the Treasury committee to declare that market conditions had returned to normal after

Davos, the World Economic Forum (WEF) and its founder, Klaus Schwab, have become more famous than ever before in the past couple of years – albeit not for the reasons they might have wanted. As COVID-19 spread and the world battled the pandemic, Mr Schwab and the WEF, not to mention regular delegates such as

A stricken financial services group that has had its shares suspended amid apparent accounting irregularities will this week disclose that it has received takeover approaches for parts of its business. Sky News has learnt that MJ Hudson, which floated on London’s junior stock market on the day of the 2019 general election, will announce on

The energy watchdog must step in to penalise price-gouging behaviour by energy suppliers, according to the head of the lobbying group representing thousands of pubs, restaurants, hotels and gyms across Britain. In a letter to the chief executive of Ofgem from Kate Nicholls, the boss of UK Hospitality, which has been seen by Sky News,

Land Securities Group, the FTSE-100 property owner, is lining up one of Britain’s most prominent boardroom figures as its next chairman. Sky News has learnt that Sir Ian Cheshire, the chairman of Channel 4 and Spire, the private hospital operator, has emerged as the leading candidate to replace Cressida Hogg as Landsec’s chairman. People close

Attempts to settle public sector pay disputes have been undermined by “spiteful” anti-strike legislation tabled by the government this week, the UK’s senior union official has told Sky News. Paul Nowak, general secretary of the Trades Union Congress (TUC), vowed to fight the proposed laws “tooth and nail”, and questioned whether ministers negotiating with public