Business

The pub trade has reacted angrily to the prospect of a “triple whammy” of new coronavirus restrictions when sites reopen in England, warning they risk further damage to businesses after a year of disruption. Hospitality industry representatives have written to the prime minister to express their outrage at new guidance governing the start of outside-only

Liberty Steel tycoon Sanjeev Gupta has promised thousands of UK workers facing uncertainty after the collapse of lender Greensill that he will not close any of its plants. In an interview with Sky News, Mr Gupta gave a bullish assessment of prospects for the business – while admitting the collapse was a “shock to the

The crash in shares of Deliveroo this morning is an event with massive implications for both investors and for future investment. This was the biggest flotation on the London Stock Exchange since the IPO of Glencore, the mining and commodity trading firm, in May 2011. There are an eerie number of similarities between the two

Ever wanted some words of support from your football hero? How about help with a marriage proposal from a famous musician? The coronavirus pandemic has hit the entertainment industry hard – and it’s seen a growing number of celebrities selling personalised video messages online. Websites such as Cameo and Memmo give members of the public

Shares in Deliveroo have slumped by as much as 30% as the takeaway delivery company made its highly-anticipated stock market debut. The flop wiped more than £2bn off the company’s initial £7.6bn valuation – just over a week after it was estimated at up to £8.8bn. Some of the City’s biggest institutional investors had shunned

Sir Keir Starmer has revealed one of his top team has apologised after describing business as “the enemy”. Shadow tourism minister, Alex Sobel, was “wrong” in his comments, according to the Labour leader, who added that under him, the party was “very clearly pro-business”. Image: Sir Keir Starmer stressed Labour was ‘pro-business’ under his leadership

Over-65s are leading the way back to the supermarket aisles as the largely-vaccinated generation grows more confident about shopping in physical stores again, new figures show. Monthly data from market research firm Kantar showed there were 13 million more trips to grocery shops in the four weeks to 21 March than in the previous month.

Liberty Steel UK says it is to restart production next week as its parent firm continues to seek new funding to fill the hole left by the collapse of Greensill Capital earlier this month. Sky News reported on Friday how GFG Alliance, owned by Sanjeev Gupta, had gone cap in hand to the government for

Deliveroo has blamed “volatile” market conditions as it knocked nearly £1bn off the top end of its expected stock market valuation. The takeaway delivery firm is lining up a much-anticipated initial public offering (IPO) in London, which it had said would see it valued at between £7.6bn and £8.8bn. But it disclosed on Monday that

Tough new rules aimed at regulating the CBD food supplement market in the UK will come into force nationwide this week. Applications for “novel food” status must be submitted to the Food Standards Agency (FSA) by Wednesday 31 March in a bid to crack down on mislabelling and deal with concerns about the contents of

Spain is planning to use €50m (£43m) in EU funds to cut its working week to four days in a bid to prevent further coronavirus outbreaks. The experiment is set to last for three years and will be funded by money from the European Union’s massive COVID-19 recovery fund. The money will compensate some 200

Britain’s two fastest-growing online used-car marketplaces are racing to raise staggering sums of capital as they seek to reshape an industry boasting €400bn (£343bn) in annual sales across Europe. Sky News can reveal that Cinch, which is part of the private equity-backed Constellation Automotive Group, is in talks with a syndicate of global blue-chip institutions

Britain’s third-biggest steel producer has asked ministers to approve an emergency bailout of as much as £170m as it teeters on the brink of collapse. Sky News has learnt that GFG Alliance, the conglomerate headed by Sanjeev Gupta, wrote to the government late this week to request the emergency funding with thousands of jobs hanging

The proportion of online retail sales hit a record 36.1% in February as business bounced back despite stores deemed ‘non-essential’ remaining shut under coronavirus restrictions, according to official figures. The Office for National Statistics (ONS) charted a limited bounce back for total sales growth following a slump of 8.2% in January as a new wave

More than 44,000 Asda workers have won the latest leg of their equal pay claim with bosses through a Supreme Court ruling, paving the way for a legal battle that could last years. The UK’s highest court backed a Court of Appeal judgment that store staff are entitled to compare themselves to distribution staff for

Thousands of firms are to be refused business rates discounts claimed due to the pandemic in what has been described as a “catastrophic blow”. The Treasury said that it would legislate to throw out the claims – which it has been estimated could have cost it £5bn – and will instead set up a £1.5bn