Business

A consumer group has reported Tesco to the competition regulator as officials continue their inquiry into whether the grocery sector is ripping off shoppers. Which? said it had gone to the Competition and Markets Authority (CMA) to complain about a lack of clear pricing on the “vast majority” of the retailer’s food and drink promotions

A union is calling for the Driver and Vehicle Licensing Agency (DVLA) to provide free sanitary products for its staff, as some women struggle to afford sanitary towels amid the cost of living crisis. The Public and Commercial Services (PCS) union says it has been asked to provide a business case to the government agency

Rishi Sunak and Joe Biden have agreed a new partnership to bolster economic security in response to the growing threat of China. Brushing off his failure to deliver on the Tory manifesto promise to land a full-fat free trade deal with the US, the prime minister and US president announced the Atlantic Declaration during a

After 19 years of being owned by Sir Frederick Barclay, his late twin Sir David Barclay and their extended family, the Daily and Sunday Telegraph newspaper titles are up for sale. Also up for grabs is The Spectator, one of the UK’s most influential news magazines. The assets are for sale after Lloyds Banking Group

When John Barber developed the first gas turbine in 1791 he could have had no conception of the transformation his invention would trigger. By 1886, after almost a century of innovations, Karl Benz began the first commercial production of a car powered by an internal combustion engine. Ten years later one of his products ran

The largest US crypto asset trading platform has been accused of illegally operating without regulatory approval. The US Securities and Exchange Commission (SEC) said it had filed a lawsuit against Coinbase. The action also accuses its Prime and Wallet units of operating as unregistered brokers. News of the case prompted a 20% decline in the

The chairman of Revolut is expected to meet financial watchdogs this week in an effort to resolve an impasse over its application for a UK banking licence. Sky News understands that Martin Gilbert, the former boss of fund manager Standard Life Aberdeen, is due to hold talks with officials from the Prudential Regulation Authority (PRA)

The CBI faced ridicule hours before a vote on its future on Tuesday after a senior executive hailed its “transparent” handling of the misconduct crisis which has left it facing collapse – despite blocking the media and resigned members from watching a pivotal general meeting. Sky News has seen an email sent by Henry Aldridge,

The finance boss of Boots, Britain’s biggest high street pharmacy chain, has quit a year after its US parent abandoned plans to sell the business. Sky News has learnt that Michael Snape resigned last month after just under five years as chief financial officer at the Nottingham-based company. He is being replaced by Sam Hunter,

Energy producer SSE has been hit by a nearly £10m fine for charging the national grid – and bill payers as a result – too much money to power down during times when electricity infrastructure can’t take all the traffic on the system. Energy regulator Ofgem levied the £9.8m fine against SSE for breaching its

Apple has announced it will upgrade its autocorrect feature so it no longer changes one of the most common expletives to the word “ducking”. “In those moments where you just want to type a ducking word, well, the keyboard will learn it, too,” Apple‘s software chief Craig Federighi said. The autocorrect feature on the iPhone

The price of diesel fell by almost 12p last month – a record drop, according to new figures. The RAC said the average price per litre was now 147p, down from 158.9p at the start of May – making it the seventh consecutive month prices have fallen. It means the cost of a typical 55-litre

Rail strikes are set to cause further havoc today when train drivers walk out ahead of high-profile events including the FA Cup final, the Epsom Derby, and a Beyonce concert. Members of the Aslef union are taking industrial action in the long-running dispute over pay and working conditions. Read more: Everything you need to know

Two of the country’s biggest banking giants have announced they are closing a total of 63 branches. Barclays said on Friday it will shut another 10 branches, on top of more than 70 closures this year that have already been announced. Meanwhile Lloyds Banking Group will shut the doors on 21 Lloyds Bank sites, along

The leadership duo at the top of the CBI was involved in a bizarre exchange on a call with dozens of leading members on Friday as the business lobbying group fights for survival. Sky News understands that Rain Newton-Smith, the new CBI director-general, highlighted a dearth of female questioners during a briefing she jointly hosted

The growing financial strain on Britain’s army of fibre broadband infrastructure providers has claimed its first casualty in the form of a rural network builder in Scotland and Wales. Sky News has learnt that Broadway Partners, which launched in 2016, has called in administrators after its balance sheet was hit by soaring costs and rising