Business

Boeing should be fined almost $25bn and face criminal proceedings over two fatal 737 MAX 8 crashes, according to relatives of some of the 346 victims who argue the company is guilty of the “deadliest corporate crime in US history”. The plea was revealed in a letter to the US Department of Justice (DOJ), a

UK inflation has eased to 2% – increasing the prospect of an interest rate cut this summer. The consumer prices index (CPI) rate for the year to May was confirmed by the Office for National Statistics (ONS) on Wednesday. The figure indicates that prices are still rising, but at the slowest pace since spring 2021.

There was “possibly a criminal conspiracy” at the Post Office, according to an independent forensic accountant drafted in to investigate the controversial Horizon accounting system. Ian Henderson, one of the two forensic accountants from Second Sight paid by Post Office (POL) to review sub-postmaster convictions involving Horizon in 2012, told the public inquiry into the

China may target the European Union’s pork producers in retaliation for EU tariffs on its electric cars. The world’s second largest economy revealed on Monday that it had launched an investigation into imports of pork for human consumption from the bloc. The Commerce ministry inquiry was in response to a complaint by Chinese pork producers

A party supplies retailer and distributor is teetering on the brink of administration after being hit by a downturn in consumer spending. Sky News understands that Wonder Group, which was previously known as Amscan, was on Monday preparing to file a notice of intention to appoint Interpath Advisory to handle an insolvency process. Sources said

One of London’s most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders. Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments. An announcement about the change of name will

The founders of Melrose Industries, one of Britain’s most prolific and lucrative investment groups, are preparing to list a new vehicle in London next month as they hunt a new wave of takeover targets. Sky News has learnt that Simon Peckham is spearheading the launch of Rosebank Industries, with talks under way to raise more

Alan Bates, the campaigner who highlighted the Post Office scandal, will be given a knighthood after being recognised in the King’s Birthday Honours list. Other famous faces on the list include artist Tracey Emin and cyclist Mark Cavendish, who will be given a damehood and knighthood, respectively. Former prime minister Gordon Brown has received the

Sandwich maker Greencore, a major supplier to UK supermarkets, has recalled some of its products because of the risk of E.coli, the Food Standards Agency said. The products were recalled as a precaution just a week after the UK Health Security Agency (UKHSA) announced there had been an outbreak of E.coli which left some people

An upmarket interiors retailer founded by the mother-in-law of Lord Cameron, the foreign secretary, is to launch a restructuring aimed at securing its survival. Sky News has learnt that OKA, which was founded in 1999 by Lady Astor, went to court on Friday to seek approval for a company voluntary arrangement (CVA) that would involve

Tesla shareholders have approved Elon Musk’s $56bn (£44bn) pay package. The proposal passed despite opposition from some large institutional investors and proxy firms. Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as “pathologically optimistic”. “If I wasn’t optimistic this wouldn’t exist, this factory wouldn’t exist,” Musk said to resounding applause.

Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning. A monthly study by the Royal Institution of Chartered Surveyors’ (RICS) pointed to a drop in prices during May. At

Labour has promised its manifesto will have “wealth creation” at its heart, ahead of the document’s launch. Sir Keir Starmer will take to the stage in Manchester on Thursday in an effort to convince the public he has the right policies to earn the keys to Number 10. The Labour leader is expected to say

After a very strong start to 2024, during which the UK economy achieved its strongest growth for two years, things stalled again in April. That the economy flatlined during April was no surprise, though, given a couple of factors. One was the early timing of Easter, which will have led some consumer spending that would

Banana firm Chiquita Brands has been ordered to pay $38.3m (£30m) to 16 family members of people killed by a right-wing paramilitary group it funded during Colombia’s long civil war. The decision by a federal jury in Florida marks the first time the company has been found liable in any of a number of similar

Pro-Palestinian activists say they have attacked 20 Barclays bank branches across England and Scotland as part of a campaign aimed at damaging Israel’s war machine. The Palestine Action group, which has previously focused its campaign on Israel-based defence contractor Elbit’s UK operations, said its members were responsible for the vandalism. Images posted on X showed

Michael is fair haired and frail, with a face that tells a story. Until seven years ago his life was perhaps as he imagined it. He was married and working for a fancy food shop in his home town in north Yorkshire. Then something happened. He is reluctant to share the full details but his

The prospect of a pre-election interest rate cut by the Bank of England has been damaged by official figures showing no progress in bringing down the pace of wage growth. Data from the Office for National Statistics (ONS) showed basic pay rising at an annual rate of 6% in the three months to April. That

Administrators to Cazoo, the British online car retailer once valued at well over £5bn, are closing in on a deal to offload its marketplace division. Sky News has learnt that Motors.co.uk, a privately owned used-car platform, is now the frontrunner to buy Cazoo’s brand and marketplace business. Industry sources said the price was likely to

The time on your ticket is 7pm, but you already know it’s not going to start then. So, what time do you get to the cinema? If you’re arriving at 7.10pm, you’re almost certainly safe, but any later and you may cut it fine. Here, we’ve gathered information from the UK’s major cinema chains and