Business

Sajid Javid, the former chancellor of the exchequer, has been approached about taking a role at Shein, the online fashion giant which is progressing plans for London’s biggest stock market float for years. Sky News has learnt that Mr Javid is among a number of senior City figures who have held talks with Donald Tang,

Getir, the grocery delivery app which this month confirmed plans to exit the UK, has an outstanding debt to Tottenham Hotspur Football Club running to millions of pounds. Sky News understands that Turkey-based Getir, whose three-year training kit sponsorship deal with Spurs expired at the end of the Premier League season on Sunday, owes close

Taylor Swift’s new album helped fuel the highest weekly vinyl sales in 30 years – but is our rediscovered love of owning records environmentally reckless? PVC (poly vinyl chloride), the plastic from which records have traditionally been made, isn’t great for the planet, and concerns have also been raised over packaging as vinyl sales have

Marks & Spencer’s website and app has not been working for several hours, with a message telling shoppers “you can’t shop with us right now”. “We’re working hard to be back online as soon as possible,” it adds. All the menus and images have disappeared apart from one showing a model in a green jacket.

Bosses at Revolut, Britain’s biggest fintech, are drawing up plans to allow employees to cash in with a sale of stock valued at hundreds of millions of pounds. Sky News has learnt that the banking and payments services provider is lining up investment bankers to coordinate a secondary share sale worth in the region of

The Post Office scandal inquiry has said it will “urgently” review dozens of new documents it has received from former chief executive Paula Vennells. The inquiry heard her legal team had conducted further searches ahead of her appearance next week and found 50 additional documents that had previously not been shared. A spokesperson for the

The Body Shop’s administrators are to launch an auction of the chain after concluding that an alternative restructuring of one of Britain’s best-known high street retailers was not viable. Sky News has learnt that FRP Advisory, which has been overseeing the collapsed business since January, is to begin formally sounding out potential buyers in the

A former Post Office executive has said she was forced to block ex-boss Paula Vennells’ phone number after the ex-CEO called multiple times asking for help to avoid an independent inquiry into the Horizon IT scandal. Lesley Sewell, previously the company’s head of IT, told the Post Office inquiry on Thursday that former CEO Ms

London City Airport will on Thursday name its first permanent female chief executive as it targets approval of an expansion plan that would create nearly 1,500 jobs. Sky News understands that the Docklands airport has told staff that Alison FitzGerald, who has been co-CEO since January alongside finance chief Wilma Allen, has landed the role.

The owner of Royal Mail has said it is “minded” to accept a revised takeover bid by Czech billionaire Daniel Kretinsky. The latest offer from Mr Kretinsky’s investment firm EP Group values the Royal Mail parent company International Distribution Services (IDS) at £3.5bn. An earlier offer had been rejected last month as being too low.

A new twist in the safety crisis engulfing Boeing could see the airline prosecuted over the 737 MAX 8 crashes in 2018 and 2019 that left 346 people dead. It was revealed late on Tuesday that the US Department of Justice (DOJ) had filed a case accusing the planemaker of breaching its obligations in a

A former Post Office communications director told fellow employees he was at “the heart of a corporate cover-up”, at the same time as sub-postmaster prosecutions were taking place and years before an apology was made to victims. The inquiry into faulty Horizon software, and the associated prosecution of 700 sub-postmasters for theft and false accounting,

You may like your smashed avocado on toast but a new report has revealed climate change is having a “terrible impact” on the popular fruit. The superfood, which is high in fibre and healthy fats, guzzles vast amounts of water as it grows, making it especially vulnerable in a hotter, drier world. The fruit boomed

The prospects for an interest rate cut next month have not been helped by the latest wage growth figures which have come in higher than expected. Data from the Office for National Statistics (ONS) showed regular wage growth, excluding the effects of bonuses, was 6% higher over the three months to March compared with a

Young homebuyers are being forced to gamble with their retirement prospects by taking on ultra-long mortgages, according to a former pensions minister. Sir Steve Webb described data – supplied by the Financial Conduct Authority to the Bank of England – as “shocking”. It suggests that more than one million new mortgages have been issued over

The major backer of Pinewood Studios is among the suitors vying to buy Village Hotels, one of Britain’s biggest mid-market hotel chains. Sky News understands that Aermont, which specialises in real estate-backed investments, submitted an offer last week for Village Hotels, which is owned by KSL Capital Partners. City sources said that KSL was seeking

Henry Birch, the former boss of Rank Group, is among the candidates vying to run Entain, the FTSE-100 owner of Ladbrokes. Sky News has learnt that Mr Birch is one of a small number of candidates being considered by Entain to replace Jette Nygaard-Andersen as its permanent chief executive. The recruitment process comes at a

The former head of accounting for the Post Office has been described as the “gatekeeper of the remote access secret”, the inquiry has heard. Rod Ismay authored the first report into faulty accounting system Horizon, in August 2010, which concluded the software was robust. Hundreds of sub-postmasters were wrongfully convicted between 1999 and 2015 as

A privately owned used-car platform is circling Cazoo Group, its stricken US-listed rival which is on the brink of administration. Sky News has learnt that Motors.co.uk is a leading contender to acquire Cazoo’s marketplace operation, which would include its brand and intellectual property assets. The process to auction the used-car platform’s constituent parts comes after

The owner of British Airways has reported a sharp rise in profits amid soaring demand for trips and a fall in the cost of fuel. International Airlines Group (IAG) said its operating profit for the first three months of the year was €68m (£58.5m) – above expectations and up from €9m (£7.7m) during the same