Business

Four members of Britain’s richest family have received jail sentences after being found guilty of exploiting their vulnerable domestic workers and providing unauthorised employment. Indian-born tycoon Prakash Hinduja and his wife Kamal, along with their son Ajay and his wife Namrata, were, however, cleared by a Swiss court of more serious charges of human trafficking

The former head of a union for sub-postmasters has denied it became “too close” to the Post Office and was “flush with money”. George Thomson, formerly of the National Federation of SubPostmasters (NFSP), also denied lacking sympathy for those who were wrongfully convicted during the Post Office scandal, which occurred following faults in the organisation’s

Around 1,500 workers at Tata Steel are to hold an “all-out indefinite strike”, a union has announced. The industrial action at Port Talbot and Llanwern, Newport, will begin on 8 July and is expected to “severely impact” the company’s UK operations, Unite said. It comes in response to plans to close Tata Steel’s blast furnaces

Microsoft has regained the title of the world’s most valuable public company just days after it was overtaken by one of its rivals. Computer chip maker Nvidia lost its hold on the top spot after its shares slipped by 3.5% in the US on Thursday, leaving the company valued at $3.2trn (£2.5trn). Microsoft’s shares also

TikTok has launched a long-awaited legal fight to stop its Chinese owner being forced to sell the short video platform’s US operations, arguing it violates Americans’ rights to free speech. TikTok and Chinese parent ByteDance were told in April they had until January next year to divest TikTok in the US or face the prospect

More than £232m has been paid out in compensation to people affected by the now-scrapped northern leg of HS2, Sky News can reveal. Responses to our Freedom of Information requests show just shy of £550m has been spent so far on a range of government compensation schemes for both residents and businesses impacted by the

A care home operator which once ranked among the largest in Britain is being put up for sale in a move expected to fetch about £300m. Sky News has learnt that Four Seasons Health Care Group has appointed CBRE, the property agent, to oversee an auction in the coming months. The process will be launched

Wall Street’s biggest bank is lifting Brussels’ bonus cap for its London-based staff, weeks after rival Goldman Sachs fired the starting gun on a post-Brexit era in industry pay. Sky News can reveal that JP Morgan Chase was in the process of notifying staff on Wednesday that it would preserve some elements of the remuneration

UK inflation has eased to 2% – increasing the prospect of an interest rate cut this summer. The consumer prices index (CPI) rate for the year to May was confirmed by the Office for National Statistics (ONS) on Wednesday. The figure indicates that prices are still rising, but at the slowest pace since spring 2021.

There was “possibly a criminal conspiracy” at the Post Office, according to an independent forensic accountant drafted in to investigate the controversial Horizon accounting system. Ian Henderson, one of the two forensic accountants from Second Sight paid by Post Office (POL) to review sub-postmaster convictions involving Horizon in 2012, told the public inquiry into the

China may target the European Union’s pork producers in retaliation for EU tariffs on its electric cars. The world’s second largest economy revealed on Monday that it had launched an investigation into imports of pork for human consumption from the bloc. The Commerce ministry inquiry was in response to a complaint by Chinese pork producers

A party supplies retailer and distributor is teetering on the brink of administration after being hit by a downturn in consumer spending. Sky News understands that Wonder Group, which was previously known as Amscan, was on Monday preparing to file a notice of intention to appoint Interpath Advisory to handle an insolvency process. Sources said

One of London’s most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders. Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments. An announcement about the change of name will

The founders of Melrose Industries, one of Britain’s most prolific and lucrative investment groups, are preparing to list a new vehicle in London next month as they hunt a new wave of takeover targets. Sky News has learnt that Simon Peckham is spearheading the launch of Rosebank Industries, with talks under way to raise more

Alan Bates, the campaigner who highlighted the Post Office scandal, will be given a knighthood after being recognised in the King’s Birthday Honours list. Other famous faces on the list include artist Tracey Emin and cyclist Mark Cavendish, who will be given a damehood and knighthood, respectively. Former prime minister Gordon Brown has received the

Sandwich maker Greencore, a major supplier to UK supermarkets, has recalled some of its products because of the risk of E.coli, the Food Standards Agency said. The products were recalled as a precaution just a week after the UK Health Security Agency (UKHSA) announced there had been an outbreak of E.coli which left some people

Latitude Festival has dropped its sponsor, Barclays, after a number of musicians and comedians dropped out in protest over the bank’s ties to the Israel-Hamas war. Latitude Festival told Sky News: “Following discussion with artists, we have agreed with Barclays that they will step back from sponsorship of Latitude Festival”. Comedians Joanne McNally, Sophie Duker,

Tariffs are rarely a good idea. The imposition – or raising of tariffs – invariably invites retaliation from the country or countries whose goods or services you are targeting. They also, invariably, hurt consumers. Donald Trump‘s trade wars with China made for populist politics but ultimately pushed up prices for ordinary Americans. Worse still, they

Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning. A monthly study by the Royal Institution of Chartered Surveyors’ (RICS) pointed to a drop in prices during May. At

Labour has promised its manifesto will have “wealth creation” at its heart, ahead of the document’s launch. Sir Keir Starmer will take to the stage in Manchester on Thursday in an effort to convince the public he has the right policies to earn the keys to Number 10. The Labour leader is expected to say