Business

Tesco predicts that food inflation will continue to fall, as it announces a big rise in profits. Ian speaks to the executive chairman of Aston Martin, as the British luxury car manufacturer bids for overall victory at Le Mans for the first time since 1959. And the chief executive of Vertu, Robert Forrester discusses car

The founder of a sports streaming service whose customers include Manchester City Football Club, the Premier League champions, has regained control of it days after the firm collapsed into administration. Sky News understands that Andy Meikle, who founded Recast Sports in 2018, has engineered its purchase from Interpath Advisory, which was appointed to handle the

Food prices have dropped for the first month in more than two years, according to an industry lobby group that says food inflation is now in single digits. The British Retail Consortium (BRC)-NielsenIQ Shop Price Index found food inflation eased to an annual rate of 9.9% in September, which is down from 11.5% in August.

The German media giant which publishes Die Welt, one of Europe’s leading newspapers, has joined the race to buy The Daily Telegraph and its Sunday sister title. Sky News can exclusively reveal that Axel Springer has registered its interest in acquiring the British broadsheets. Insiders said the company, which also owns the Business Insider and

Energy bills in the first three months of 2024 are projected to increase before dropping later in the year, according to a closely-watched forecast. Consumers can expect more costly bills from January as energy regulator Ofgem will bring its price cap up to £1,898 for an annual average household bill – an increase of £64,

Elon Musk has announced his social media company X, formally known as Twitter, has removed the team monitoring election misinformation. The tool to report misinformation has been taken away – except for in the European Union – prompting concern from thinktank Reset Australia ahead of the country’s aboriginal rights referendum next month. In a post

Gatwick Airport has temporarily limited flight numbers for the rest of the week as a result of sickness amongst air traffic control staff. In a statement, the airport said it would limit the number of flights to 800 a day from today, which will remain in place until Sunday 1 October. It said the limit

Spotify Technology is testing an artificial intelligence (AI) powered feature that will translate podcasts into other languages. Powered by Microsoft-backed OpenAI’s newly released voice generation technology, translated versions of podcasts will mimic the original speaker’s style and will be more natural than traditional dubbing, Spotify said. Podcasts such as Armchair Expert from actor Dax Shepard,

The shootout between one of the world’s largest tech companies and Britain’s competition regulator is, at heart, a battle for control of the new frontline of gaming.  The gaming industry is a $250bn (£204bn) industry that, on some measures, is now larger than the music, book and movie industries combined. And the fastest growing part

A sports streaming service whose customers include Manchester City Football Club, the Premier League champions, has collapsed into administration after the failure of funding talks. Sky News has learnt that Recast, which is based in Edinburgh, called in Interpath Advisory to handle its insolvency on Friday. The company operates a subscription-free live and on-demand platform

Microsoft’s revised effort to get the £55bn takeover of Activision Blizzard past UK regulators appears to be on track for clearance. The Competition and Markets Authority (CMA) had been a sole thorn in the side of the acquisition, rejecting the original terms on the grounds it had a duty to protect innovation and choice in

The headline numbers don’t do justice to the significance of the inflation data. On the surface, this only looks like a small fall, with the consumer price index (CPI) dropping from 6.8% in July to 6.7% in August. So what, you might ask? After all, it’s a far smaller drop than the one we heard

The rate of inflation has eased slightly to 6.7% confounding the predictions of economists that it would rise. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed in the 12 months to August, from the 6.8% figure reported the previous month, thanks to food rising at a weaker pace during

GB News breached impartiality rules after Chancellor Jeremy Hunt was interviewed by fellow Tory MPs Esther McVey and Philip Davies, Ofcom has found. An episode of Saturday Morning With Esther And Phil featured a pre-recorded interview that focused on the government’s approach to economic and fiscal policies ahead of the budget, which was announced four

Marks & Spencer is swapping plastic bags for paper ones across all of its stores following a successful trial. The retailer has become the latest chain to opt for the more environmentally friendly bags following Morrisons, Waitrose and Aldi, which all use paper bags for customers – though some stores offer plastic bags as an

The John Lewis Partnership (JLP) has revealed its transformation plan will take two more years to complete than expected, while revealing a fall in losses over the first half of its financial year. The employee-owned company, in which staff are known as partners, said that a combination of higher costs due to inflation and a

Ian King and Sky’s business correspondent Paul Kelso discuss BMW’s plan to build its next-generation electric Mini in Oxford. As a rescue deal to buy some Wilko stores collapses, Ian speaks to Julie Palmer, regional managing partner at the corporate rescue and recovery practice Begbies Traynor Group, about what this means for employees. And Space

BMW says it is confident the European Commission will ease regulations that would leave a new generation of electric Minis made at its Cowley plant in Oxford subject to 10% export tariffs. Speaking as the company announced a £600m investment in the UK, including £75m of taxpayer support, BMW board member Milan Nedeljkovic told Sky

BMW is to build its next-generation electric Mini in Oxford after securing millions of pounds in taxpayer support from the government. The German-headquartered car giant is set to announce later on Monday details of its multi-million pound investment, which ministers say will secure around 4,000 jobs. It comes after Sky News revealed earlier this year

Apple has seen around $200bn (£160bn) wiped off its value after China extended its curbs on iPhone use by government workers. Shares in the tech giant have tumbled by 6.4% over the last two days in response to Beijing ordering some state employees from using the devices. The move has fuelled fears Apple and its