AstraZeneca has cancelled plans for a £450m vaccine manufacturing plant in Liverpool, blaming a cut in funding from government. The investment, announced last year in the Tories' spring budget, was dependent on a "mutual agreement" with the Treasury and third parties, it was said at the time. It will no longer go ahead because Labour

In substance and timing, AstraZeneca's decision to cancel a planned expansion of its flu vaccine facility at Speke is a blow to the government's recent zeal for growth. Instead of injecting £450m into the plant on Merseyside, a dispute with the new administration over the amount of government support has seen the project pulled, accompanied

In substance and timing, AstraZeneca's decision to cancel a planned expansion of its flu vaccine facility at Speke is a blow to the government's recent zeal for growth. Instead of injecting £450m into the plant on Merseyside, a dispute with the new administration over the amount of government support has seen the project pulled, accompanied

The UK's benchmark stock index has reached another all-time high, in a month of record breaking. The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,666.65, breaking the record set on Thursday night after four consecutive days of rises. January has been the best month in more than two

A group of technology billionaires including the bosses of Google and Microsoft have triumphed in an auction of the Lords-based London Spirit cricket team in a deal which will set a record benchmark for the sale of a sporting franchise. Sky News can exclusively reveal that the consortium led by Nikesh Arora, the chief executive

A pack of bidders are circling Access Self Storage, a privately held network of sites which has been put up for sale for more than £1bn. Sky News understands that the private equity firms TPG and Aermont, the latter of which owns a controlling stake in Pinewood Studios, and Belgian-listed self-storage group Shurgard are among

An electric cargo bike logistics company that received backing from an arm of Barclays has crashed into administration after failing to land new funding, triggering the loss of more than 100 jobs. Sky News understands that Outspoken Logistics Limited, which trades as Zedify, has parachuted in Interpath to handle its insolvency. It comes after an

Primark's owners have reported a rare plunge in retail sales during the crucial Christmas quarter, underlining the challenges facing even discount retailers in the tough economy. Associated British Foods (ABF) reported a like-for-like sales decline of 6% for Primark in the UK and Ireland over the 16 weeks to 4 January. It said that while

Real Madrid have become the first football club to generate more than a billion euros (£845m) in revenue in a single year, topping a financial services company's league. Winning both LaLiga and the Champions League last season, Deloitte said the Spanish club had overtaken Manchester City to reclaim top spot in its Football Money League.

Real Madrid have become the first football club to generate more than a billion euros (£845m) in revenue in a single year, topping a financial services company's league. Winning both LaLiga and the Champions League last season, Deloitte said the Spanish club had overtaken Manchester City to reclaim top spot in its Football Money League.