Business

The Daily Telegraph newspaper has inched closer to a sale after Lloyds Banking Group seized control of its parent firm over unpaid loans and placed it in the hands of receivers. Sky News has previously reported how the bank was understood to have undertaken the drastic move and was in the process of appointing investment

The president of Microsoft has met with the chancellor amid efforts to overturn the competition watchdog’s decision to block its planned takeover of Activision Blizzard. Brad Smith said in a meeting with Jeremy Hunt that he would try to work with regulators to win approval for the technology giant’s $69bn (£56bn) purchase of the Call

Energy producer SSE has been hit by a nearly £10m fine for charging the national grid – and bill payers as a result – too much money to power down during times when electricity infrastructure can’t take all the traffic on the system. Energy regulator Ofgem levied the £9.8m fine against SSE for breaching its

US regulators have filed a lawsuit against cryptocurrency exchange Binance alleging a string of violations including the misuse of investor funds. Cryptocurrencies and shares in crypto and blockchain-related companies tumbled after the Securities and Exchange Commission (SEC) revealed 13 charges against the world’s largest exchange and its founder Changpeng Zhao. The watchdog claimed they artificially

Apple is expected to announce a mixed reality headset – its first brand-new product for eight years – at its annual event for developers. The tech giant’s WWDC showcase is usually reserved for software reveals – notably the next major updates for its iPhones, iPads, and Macs – but this year fresh hardware is on

The price of diesel fell by almost 12p last month – a record drop, according to new figures. The RAC said the average price per litre was now 147p, down from 158.9p at the start of May – making it the seventh consecutive month prices have fallen. It means the cost of a typical 55-litre

Companies that provide guidance for those with money problems are to be banned from receiving referral fees from debt solution providers. The Financial Conduct Authority (FCA) said the new rules for debt packagers, which are regulated providers of advice, would save consumers money in “unnecessary fees” and improve guidance for those struggling. There have been

Twitter’s head of trust and safety has resigned from the social media company, according to a report. Ella Irwin told Reuters news agency she had resigned, not long after Fortune reported her internal Slack account appeared to have been deactivated. Ms Irwin oversaw content moderation – a controversial subject for a company that has been

Ai-Da is an accomplished artist who has shown her designs at the Venice Biennale and addressed the House of Lords about the future of the creative industries. She is also a robot. One that can talk, answer complex questions, paint, and create art currently on display at the London Design Biennale. She’s too lifelike to

Ian King hears from Chancellor Jeremy Hunt, who says the government will do whatever it takes to bring down inflation, even if that means a recession. He also speaks to Nick Harding, the chief executive of consumer lender Fluro as analysis by PwC shows total household debt in the UK has exceeded 2 trillion pounds

Britain’s largest building society has made some mortgages more expensive as the Bank of England’s interest rate is now expected to rise higher than previously thought. Nationwide has said interest rates on new fixed-rate mortgages will rise 0.45 percentage points. It follows moves by lenders such as Halifax, Santander and Atom Bank who also upped

Cineworld is to exit bankruptcy in July, the world’s second largest cinema operator announced on Thursday. The British chain, which is listed on the London Stock Exchange, filed for bankruptcy in the US last year as it was weighed down by expansive debt and reported weak audience numbers as it emerged from the COVID-19 pandemic.

Microsoft will on Wednesday lodge a formal appeal against British regulators’ decision to block its $75bn takeover of Activision Blizzard, the Call of Duty maker. Sky News understands that the technology behemoth will file its complaint with the Competition Appeal Tribunal (CAT) within hours, sparking the next phase of its fight to secure one of

The government believes it has secured a commitment from Jaguar Land Rover owner Tata to build a new gigafactory in the UK, Sky News has been told. Senior Whitehall sources believe the Indian industrial giant has chosen the UK over Spain as the site for its giant new battery factory. The news is due to

Britain is no longer expected to suffer a recession this year, nor will it have the weakest economic growth in the group of seven leading industrialised economies, the International Monetary Fund (IMF) said today. Unveiling a dramatic upgrade to its outlook for Britain, the Fund, which previously predicted Britain would face the worst 2023 of

Ireland is set to become the first country in the world to put health warnings on alcohol products. Dublin’s health minister Stephen Donnelly signed new regulations on Monday, which will warn drinkers about the health risks of drinking alcohol, as well as the calorie count of the product. However, the labels will not be mandatory

Meta is expected to face a record fine later over its transfer of Facebook’s European user data to US servers, according to reports. Reuters news agency cited two anonymous sources familiar with the matter as saying that the penalty from EU regulators will be higher than the previous record – a €746m (£647m) fine for

The energy price cap is set to remain more than £1,000 higher than the average bill before the COVID pandemic, according to a closely-watched forecast. Ahead of the industry regulator’s determination on the price cap level due next week, energy research specialist Cornwall Insight said it saw the cap for a typical household at the

The Chinese owner of Stemcor, the historic British steel trader, is exploring a sale less than a year after it last changed hands. Sky News has learnt that Stemcor, which was founded by the father of Dame Margaret Hodge, the veteran Labour MP, has been the subject of discussions about a fresh change of ownership

The UK will benefit from almost £20bn of extra private investment from Japan, Downing Street has said, as Rishi Sunak visits the nation for the G7 summit. The prime minister will personally thank a Japanese minister for the country’s support of the UK joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Earlier this