Business

Prices have increased at the world’s largest holiday company and are now “notably higher” than just three months ago. The average selling price at Tui has increased 5%, which the company has described as “notably higher” than the 2% price increase reported in the first three months of its 2023 financial year. In its half-year

JD Sports Fashion will complete the overhaul of its top executive team this week when it raids the owner of the Comparethemarket price comparison site to appoint its new finance chief. Sky News has learnt that the London-listed retailer has finalised the appointment of Dominic Platt, who is currently chief financial officer at privately held

One of the co-founders of Funding Circle, the London-listed fintech, is taking the helm of a solar energy start-up which promises to bring down the cost of renewable power for households and small businesses. Sky News understands that Rainbow Energy, which was founded in 2020, will announce this week that it has recruited Andrew Mullinger

BP is exploring a sale of two of the companies owned by its early-stage ventures arm in a move which could raise tens of millions of pounds. Sky News has learnt that the FTSE 100 company’s Launchpad division has begun contacting prospective buyers of Lytt and Onyx Insight in recent weeks. Lytt transforms large amounts

A defence-focused British artificial intelligence software company chaired by a veteran of City boardrooms has raised a substantial round of funding to fuel its expansion. Sky News has learnt that Adarga, which helps the Ministry of Defence and national security-focused clients identify threats more effectively by sifting vast amounts of information, has secured £17m from

Shakespeare and the Spice Girls were used by environmental protestors to repeatedly disrupt the Barclays annual general meeting (AGM) in central London on Wednesday morning. Activists from Extinction Rebellion, Fossil Free London and Climate Choir were protesting the UK high street bank’s investment in new fossil fuel projects despite heavy security at the AGM venue.

Elon Musk is wrong to call for a global pause in the development of AI, which would play into the hands of rogue regimes, a new report has warned. The SpaceX, Tesla, and Twitter owner was one of 1,000 people to put his name to a letter saying humanity faced “profound risks” due to the

The UK financial watchdog will announce plans to change the rules on bringing companies into public ownership after a series of high profile businesses snubbed the London Stock Exchange. The Financial Conduct Authority (FCA) will on Wednesday publish proposed changes to rules on listing companies on the London Stock Exchange. It hopes to make regulation

The new owners of Chelsea FC are in talks with Allianz, the German insurance giant, about taking over as its principal shirt sponsor as they grapple with the impact of a dire debut season on the club’s finances. Sky News has learnt that Allianz is among a handful of companies in discussions with the Stamford

The conflict in Sudan has left international consumer goods makers racing to shore up supplies of gum arabic – critical to the food, drinks and cosmetics industry. The northeastern African country is the world’s largest producer of gum arabic, a resin tapped from the acacia tree. It is a key ingredient in everything from fizzy

Elon Musk has been ordered to be interviewed under oath to determine if he made specific statements about Tesla’s Autopilot feature after the carmaker threw their authenticity into doubt, saying the billionaire was often a target of online “deepfakes”. A judge in California made the tentative ruling after raising concerns that such arguments could be

The British competition watchdog has blocked Microsoft’s bid to buy video game maker Activision Blizzard. The Competition and Markets Authority (CMA) stopped the $68.7bn (£55bn) deal due to concerns that it would stifle competition in the cloud gaming market. In its final report on Wednesday, the CMA said that the move was “the only effective

Fraser McKevitt, head of retail and consumer insight at Kantar talks to Ian King about grocery prices and developing trends in our shopping habits. Plus, chief executive and co-founder of GAIL’s Bakery, Tom Molnar, discusses how the rising price of flour has affected his business. Ian’s also joined by the boss of train ticketing app

Renee Elliott, the founder of Planet Organic, is returning to spearhead a rescue deal for the supermarket chain she launched in 1995. Sky News has learnt that Ms Elliott has agreed to lead a takeover of Planet Organic in a deal expected to be finalised on Tuesday. City sources said she had assembled backing from

One of Britain’s most experienced retail executives is joining the board of JD Sports Fashion, part of a management shake-up aimed at improving governance under its new chairman. Sky News has learnt that Darren Shapland, a former finance chief at J Sainsbury, will be named on Tuesday as a non-executive director of the UK’s biggest

The average price of a home coming to market this month rose by just 0.2% to £366,247, according to data from Rightmove. This was lower than the average increase of 1.2% for this time of year. It showed that many new sellers are “taking note of the economic headwinds and the transitioning of the housing

Ron DeSantis, Florida’s Republican governor who is likely to challenge Donald Trump for the party’s presidential nomination, will visit the UK as part of an international trade mission that will also take in Japan, South Korea and Israel. Although billed as opportunity to build on economic relationships that Florida has with each country, it would

Twitter will finally remove “legacy” blue ticks from verified accounts on Thursday. Elon Musk announced earlier this month that 20 April was the final date for culling the checkmarks – almost three weeks after the original plan to do so on April Fool’s Day. The only blue ticks left will be those with a Twitter

The government has made it its primary aim to halve inflation by the end of the year but things aren’t quite going to plan. Britain has shot up the leader board and now has western Europe’s highest rate of consumer price inflation. Economists were expecting the headline rate to fall from 10.4% to 9.8% in

The rate of inflation has eased slightly but still remains above 10%, according to official figures showing record costs for some essential foods. The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed to 10.1% in March from 10.4% the previous month. Economists had largely expected a figure of 9.8%. The