Business

A “shoplifters’ charter” has seen thefts rise significantly – to about one offence every minute – but police are charging fewer people, according to Labour. The party said data showed a record 402,482 shoplifting offences in England and Wales in the year to September 2023. However, offences resulting in a police charge fell from 20%

Pension funds are braced for a hit worth tens of billions of pounds as Michael Gove, the levelling up secretary, tries to salvage his ambition of overhauling Britain’s centuries-old property leasehold system. Sky News has learnt that the insurance and pensions industries believe that Mr Gove’s now-favoured option of imposing a £250 cap on ground

Getir, the grocery delivery app once valued at nearly $12bn (£9.7bn), is close to pulling the plug on its operations in Britain in a move that would spark concerns for well over 1,000 jobs. Sky News has learnt that Getir is preparing to announce next week that it is withdrawing from the three remaining European

Ministers are to kick off a search for the inaugural chair of the new football watchdog, even as it faces growing hints of opposition to its establishment from the Premier League. Sky News has learnt that the Department for Culture, Media and Sport (DCMS) will launch the appointment process for the role at the Independent

Crisis-hit Boeing has rushed to defend itself from fresh whistleblower allegations of poor practice, as the airline continues to grapple its latest safety crisis. A Congressional investigation heard evidence on Wednesday on the safety culture and manufacturing standards at the company – rocked in January by a mid-air scare that saw an Alaska Airlines 737

Chancellor Jeremy Hunt has said that “better times are ahead” but that the fundamentals of the UK economy are “very strong”. Speaking to Sky News in Washington, Mr Hunt pointed to price rise data from today showing a drop in the rate of inflation as well as the latest jobs figures and IMF economic growth

The Post Office’s chief executive has been “exonerated of all misconduct allegations” following an investigation into bullying allegations. The organisation said Nick Read would continue to lead it following the independent review. Allegations about his behaviour emerged earlier this year when Henry Staunton, the former Post Office chairman, told a House of Commons select committee

In the circumstances, the numbers could hardly look much better. A year or two ago, the conventional wisdom was that America was facing a terrific recession. Instead, according to the latest data from the International Monetary Fund, the US has outperformed pretty much every other major economy in the world (including China). In its latest

The UK economy is going to grow less than expected this year – with the International Monetary Fund warning the country will remain the second worst performer in the G7. Newly revised forecasts indicate the UK’s gross domestic product will expand by just 0.5% in 2024 – a slight downgrade from previous estimates in January

Superdry’s landlords are to bear the brunt of a painful restructuring of the fashion retailer as it prepares to outline a survival blueprint with the backing of its founder. Sky News has learnt that Superdry is preparing to publish a formal restructuring plan as soon as Tuesday that will entail steep rent cuts at a

The future of Nick Read, the embattled Post Office chief executive, will be determined this week with the publication of a report triggered by whistleblowing allegations about the conduct of the state-owned company’s bosses. Sky News has learnt that an independent report compiled by Marianne Tutin, a barrister at Devereux Chambers, has been submitted to

An arm of Standard Chartered, the FTSE-100 bank, is taking a stake in a British company set up with the objective of providing ethical financial products to customers. Sky News understands that SC Ventures will announce on Monday that it is injecting an unspecified multimillion-dollar sum into Algbra, which counts a host of illustrious names

The former JD Sports Fashion boss who presided over its soaring stock market valuation is taking a stake in Applied Nutrition, the fast-growing sports supplement maker, as it steps up preparations for a bumper flotation. Sky News has learnt that Peter Cowgill, who left the high street giant just under two years ago, is acquiring

Getir, one of the world’s largest grocery delivery platforms, is in talks about a radical restructuring just two years after it was valued at nearly $12bn (£9.6bn). Sky News has learnt that Getir, which was founded in Turkey and now operates in five markets including the UK, is examining a number of options as part

Three of the “big four” boiler manufacturers for the UK cannot guarantee customers will be refunded the so-called “boiler tax” that companies added to new boilers earlier this year. In January boiler-makers hiked costs by up to an extra £120 per boiler to cover anticipated penalties for a green scheme – which has now been

Poor software and bias toward making only small, sequential changes is one of the reasons economic forecasters at the Bank of England failed to predict and prepare for the cost of living crisis, brought about by high inflation, according to a “once in a generation” review. The review announced last year was undertaken by the

A former Post Office boss has said he wanted “most strongly” to record his personal apology to branch managers impacted by the Horizon IT scandal. As managing director of the group from 2006 to 2010, Alan Cook was at the helm when about 200 prosecutions were brought against subpostmasters. Hundreds of people were wrongly convicted

A former Post Office executive who celebrated the conviction of a pregnant sub-postmaster has said sorry. Former managing director David Smith made the apology to the Post Office Horizon IT inquiry, which is investigating who knew what and when about the faulty accounting software that ruined lives and led to the conviction of hundreds of

Hundreds of steel workers are set to go on strike over the proposed closure of Port Talbot’s blast furnaces. Unite the Union announced the result of its strike ballot on Thursday but walkout dates are yet to be confirmed. Around 1,500 workers based in Port Talbot and Newport voted in favour of strikes. It will

Fake flights and caravans are the two most common items being sold by fraudsters in relation to travel, Lloyds Bank’s research has found. As Britons head online to book deals for the upcoming bank holidays and summer, they have been urged to “remain vigilant”, with the average holiday scam victim being conned out of £765.