Business

Seafood allegedly produced using the forced labour of Uyghur people in China may have been sold at Iceland – and could be on sale now at other British supermarkets, according to an investigation. Iceland told Sky News it no longer had a relationship with the Chinese supplier in question. Since 2018, the Chinese government is

Klarna, the buy now, pay later (BNPL) finance giant, is setting up a new British holding company as it clears the path to a stock market flotation that could value it at more than $15bn (£12.1bn). Sky News has learnt that the Stockholm-based consumer credit provider has informed investors it has kicked off preparatory work

A group of MPs is pressuring Rishi Sunak to lobby other countries to commit to a “phase out” of fossil fuels at next month’s COP28 climate negotiations. Over 50 cross-party MPs and peers have written to the prime minister with demands they see as critical to ensuring the United Nations summit in Dubai is the

Ian King talks to Sky News’s city editor Mark Kleinman about the future of Manchester United. He also speaks to the founder and chief executive of Venrai, Jason Tucker-Feltham, about Sam Bankman-Fried – who’s been found guilty of crypto fraud. Mary Aiken, Professor of Cyberpsychology at Capitol Technology University in Washington, is also interviewed on

Sir Jim Ratcliffe is to commit $300m (£245m) from his multibillion pound fortune to Manchester United Football Club’s ageing infrastructure as part of a deal to acquire a 25% stake that will be unveiled this month. Sky News can exclusively reveal that Sir Jim, founder of the Ineos petrochemicals empire, will pledge the investment alongside

Revenue from iPhone sales reached a new record due to high demand in China and emerging markets, the company announced on Thursday. However, the high Q3 revenue was not enough to reverse the downward trend in Apple’s overall performance. A total of $43.8bn (£35.9bn) was raised from iPhone sale alone after price rises and the

The British economy is going to be flatlining for the foreseeable future, with next to no economic growth all the way through til early 2025, according to a bleak set of forecasts from the Bank of England. The forecasts, published alongside the Bank’s latest decision to hold interest rates steady at 5.25%, imply that the

Elon Musk has told Sky News that AI is a “risk”, as the billionaire joins world leaders and tech bosses at a UK safety summit. The SpaceX and Tesla owner has long been outspoken about the dangers posed by artificial intelligence, and earlier this year warned it could even lead to “civilisation destruction”. Asked by

House prices returned to growth in October, according to a closely watched measure that cited “constrained supply” of stock in the market. Nationwide Building Society’s monthly index showed a 0.9% rise last month when compared to September’s flat performance, taking the annual rate to -3.3% from -5.3%. Values have been hurt this year due to

Councils in England have warned spending on temporary accommodation is threatening to “overwhelm” their budgets. A total of 96% of District Councils Network (DCN) members reported an increase in the use of temporary accommodation, with four-fifths (80%) saying the rise is “significant” and causing budgetary strain. A DCN letter to Chancellor Jeremy Hunt – seen

A stake of up to 10% in the Premier League football club West Ham United has been put up for sale, providing the latest test of international investors’ appetite for a slice of one of England’s top-flight clubs. Sky News has learnt that Vanessa Gold, daughter of the late businessman David Gold and a joint-chair

There has been a “significant increase” in the number of people using Buy Now Pay Later options to purchase items, with those frequently using the service more likely to be in financial difficulty, the finance regulator has said. Roughly 14 million people, 27% of UK adults, used Buy Now Pay Later (BNPL) to purchase something

Lenders approved the lowest number of mortgages since January last month, according to figures from the Bank of England. Just 43,328 home loans for house purchases were signed off in September – a third consecutive monthly decline – while net approvals for remortgaging fell to 20,600. That was the lowest total since January 1999. The

The private equity investor that owns Footasylum is in pole position to buy The Body Shop, the ethical cosmetics chain founded by Dame Anita Roddick and her husband Gordon nearly 50 years ago. Sky News has learnt that Aurelius Group is in exclusive negotiations to buy the British-based chain, which was put up for sale

A backbench Conservative MP is demanding a government probe into the Barclay family’s use of Middle East-based financing to regain control of The Daily Telegraph. Sky News has learnt that Danny Kruger, the MP for Devizes, urged the culture secretary Lucy Frazer to issue a Public Interest Intervention Notice (PIIN) into the funding behind the

ASOS, the London-listed online fashion retailer, is exploring a sale of the TopShop brand it bought from the wreckage of Sir Philip Green’s collapsed retail empire less than three years ago. Sky News has learnt that ASOS, which will publish its delayed full-year results next week, is at the early stages of a process that

Former crypto tycoon Sam Bankman-Fried has admitted he made “mistakes” in how he ran his collapsed FTX exchange – but told a court he did not steal from its customers. The 31-year-old also acknowledged a “lot of people got hurt” when the company went bankrupt as he testified in open court in his fraud case

The high street empire founded by Mike Ashley is weighing an offer for Wiggle, the online bikes retailer which collapsed into administration this week. Sky News has learnt that London-listed Frasers Group, which is best known for its Sports Direct chain, is among the suitors circling WiggleCRC. The collapsed company, which includes Wiggle, Chain Reaction

An independent review into the closure of Nigel Farage’s Coutts account and the discussion of his banking with a journalist by the head of the bank has found “a number of shortcomings” in the closure process. But law firm Travers Smith, which was commissioned by the board of NatWest to conduct the review, said the

Monzo is in talks about a £300m-plus fundraising that would underpin its status as the most highly valued digital bank in Britain. Sky News has learnt that Monzo, which was founded in 2015 and now boasts 8.5m customers, is in detailed talks with a pack of blue-chip investment funds about a share sale expected to