Business

The president of the CBI has admitted he does not know if it can win back trust while setting out how it plans to bolster its culture amid the sexual misconduct scandal engulfing the business lobby group. Brian McBride made his remark in an open letter to members that set out its response to the

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

The senior independent director of Britain’s biggest tobacco company is to take the same role at THG, the online retailer behind Cult Beauty, as it holds talks about a bid to take it private. Sky News understands that THG will announce on Monday that Sue Farr, a former advertising executive, is joining its board. Ms

Some of Britain’s biggest companies are this weekend scrambling to fill the void left by the crisis at the CBI as they consider backing a new body being set up after talks with Conservative and Labour officials. Sky News has learnt that businesses from across a range of sectors including banking, insurance, retail and telecoms

A British company believes sewage could provide the solution to the UK’s salad supply shortages as a huge rise in wholesale gas prises has impacted growers. Oasthouse Ventures has huge greenhouses in Bury St Edmunds and Norwich which extract heat from the sewage at local treatment works, transferring it to heat pumps at their sites.

A flood of companies announced they were either leaving the CBI or suspending their membership after a series of allegations of sexual misconduct against staff. The rush for the exit door came after the Guardian newspaper reported that a second woman had made a rape allegation – against two male CBI co-workers. Here are some

If one were to compile a list of some of the most prestigious blue-chip UK employers, it would probably include NatWest, BP, Shell, Aviva, the John Lewis Partnership, Virgin Media O2, WPP, Phoenix Group, BT, PwC, EY, Schroders and AstraZeneca. Were that list to be enhanced with prestigious foreign-owned businesses that are major employers in

A dip in retail sales last month could be mainly explained by a hit of poor weather, according to experts. The Office for National Statistics (ONS) said retail sales volumes fell by 0.9% in March – the first month on month decline of the year to date and worse than the 0.5% decline forecast by

The scandal-hit CBI, Britain’s biggest employers’ group, says it has passed fresh information to the police relating to a report of a “serious criminal offence”. The body said it was “liaising closely” with officers as it remains mired by allegations of historic workplace misconduct. They culminated in chief executive Tony Danker being sacked earlier this

Interest in new electric vehicles may be declining, data from the UK’s largest car sales website suggests. The volume of new electric car searches, ad views and messages to retailers on the Auto Trader platform was down nearly two thirds (65%) from the beginning of last year to March this year. Auto Trader has attributed

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

Strong progress has been made on raising wages for the lowest paid, but the UK still remains a “laggard” on employment standards, a new report has said. The Resolution Foundation’s latest figures show the minimum wage has driven salaries up in the UK, with the number of people on the lowest wages falling below 10%,

The number of companies entering insolvency hit its highest level for more than three years in March, according to official figures. Commentators blamed a combination of higher interest rates and wider inflation for the 16% increase recorded last month across England and Wales. The Insolvency Service reported 2,457 corporate insolvencies – up from 1,784 in

Energy firms installing prepayment meters will be required to try to contact a customer at least ten times and conduct a “site welfare visit” before forcibly conducting the installation, new guidelines will say. Energy company workers will also be required to wear body cameras or sound recorders to make sure new energy regulator rules that

Air France and Airbus have been found not guilty of involuntary manslaughter over the crash of Flight 447 in 2009 that killed 228 people. The Airbus A330 was travelling from Rio de Janeiro to Paris when it crashed into the Atlantic Ocean during a thunderstorm in June 2009, killing people from 33 countries. Both Air

Barclays is joining the ranks of global investment banks taking the axe to jobs amid a slowdown in dealmaking and stock market flotations. Sky News has learnt that the British lender will this week cut more than 100 roles in its investment bank, with sources saying the layoffs would not be confined to a single

A former executive at Funding Circle, the London-listed finance group, has raised millions of pounds to launch a digital platform that promises to give small businesses instant credit decisions. Sky News understands that Jerome Le Luel, who spent nearly seven years as Funding Circle’s chief risk officer and head of lending strategy, is close to

Royal Mail and the Communication Workers Union (CWU) have reached an agreement in principle amid a long-running dispute over pay and employment terms. In a joint statement with Royal Mail, CWU confirmed the agreement will now be considered by the executive of the union before it goes before the membership. The details of the proposed

The giant American financial investor Carlyle is in talks about a major investment in Manchester United Football Club as the auction of the Premier League side nears its concluding stages. Sky News has learnt that Carlyle is among a handful of parties which have pitched proposals to acquire a minority stake in the Old Trafford

Montana has passed a bill banning TikTok in the state. The state House voted 54-43 to pass the bill – which goes further than prohibitions in place in nearly half the states and the US federal government that prohibit the video-sharing app on government devices. The measure now goes to Republican Governor Greg Gianforte for