Two of Britain's biggest food retailers will this week face pressure to publicly disclose whether they expect a fresh spike in prices next year as the industry grapples with huge tax hikes imposed in last week's budget. Sky News understands that Marks & Spencer (M&S), which will unveil half-year earnings on Wednesday, and J Sainsbury

The former Conservative chancellor Nadhim Zahawi is in talks to smooth the path to a takeover of The Daily Telegraph being led by the New York-based media investor Dovid Efune. Sky News has learnt that Mr Zahawi has been working for several weeks with LionTree, Mr Efune's investment banking adviser, on the deal, which is

Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have warned. These rate cuts typically reduce borrowing costs for consumers and businesses over time. The likelihood of back-to-back cuts slipped as the market digested last week's statement, with

There's fear in some quarters of another Donald Trump presidency but will the economics be that bad? Not a single vote has been counted but the policies of a possible second Trump presidency have already influenced financial markets. The cost of US and UK borrowing - measured through 10-year revenue-raising instruments called bonds - has

A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally

Navantia, the Spanish shipbuilder, is racing to finalise a takeover of the stricken shipyard-owner that built the Titanic amid urgent talks to reshape a major government contract. Sky News has learnt that Navantia is attempting to negotiate more favourable terms for a deal to build three Fleet Solid Support ships (FSS) for the Royal Navy

Restaurant chain TGI Fridays has filed for bankruptcy protection in the US. The bankruptcy protection filing was made by TGI Fridays Inc, a Dallas-based American arm of the casual dining brand, which operates 39 restaurants in the US. It comes after the company faced financial challenges due to the COVID-19 pandemic and after a deal

A staple of Disney's theme park's celebrations, the giant Mickey pumpkin statue towers over guests on Main Street. Disney It's time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney's domestic theme parks have already begun to transition from Halloween decorations to Christmas colors. The transformation starts to

The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team in English cricket's Hundred competition. Sky News has learnt that Todd Boehly is backing a bid spearheaded by Jonathan Goldstein, a British property entrepreneur, in an offer for a large stake

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more