Business

Citymapper, the urban transport app which ranks among Britain’s most prominent consumer technology companies, is in talks to be bought by a multibillion dollar New York-based rival. Sky News has learnt that Citymapper, which launched in 2010, is in advanced discussions about a takeover by Via Transportation. City sources said a deal could be struck

Moonpig will no longer sell cards featuring images of pugs and French bulldogs after campaigners claimed it “normalises their suffering from respiratory ailments”. Animal rights lobby group Peta had raised concerns the major online retailer was “promoting” the “breathing-impaired” dog breeds. In response, Moonpig said it has removed or is in the process of pulling

Members of the Transport Salaried Staffs Association (TSSA) have voted to accept offers by train companies in the long-running dispute over pay, job security and conditions, the union has announced. “Given this result, TSSA will notify employers that the ballot for Industrial Action has also been withdrawn,” the union said in a statement. “Accepting the

As Ukrainians mark a year since Russia’s invasion, Ian is joined by Ukraine’s deputy economy minister, and the chief executive of the Ukrainian steelmaker Metinvest – owners of the Azovstal steel mill in Mariupol, which was besieged by Russian soldiers last May. He also speaks to the chief executive at Allbright and the chair of

A financial services giant backed by an Abu Dhabi state investment fund is the latest suitor to emerge as a contender to swoop on parts of the stricken London-listed company MJ Hudson. Sky News has learnt that Apex Group, which is based in Bermuda and has around 12,000 employees, plans to table an offer next

The UK’s biggest retailers will next week warn Rishi Sunak that the government’s waste strategy risks forcing prices up for consumers even as continued inflationary pressures exacerbate the cost-of-living crisis. Sky News has obtained the draft of a letter from the British Retail Consortium (BRC) – expected to be sent to the prime minister next

In the aftermath of Russia’s invasion of Ukraine, Western leaders heralded a sanctions regime that would cripple the country’s war machine. Joe Biden claimed Russia’s economy would be “cut in half”, while Boris Johnson spoke of squeezing it “piece by piece.” A year has passed, but that great promise has been slow to deliver. Please

British tomatoes will likely remain scarce until the end of April or even early May, the UK’s largest grower has warned. It comes after Tesco and Aldi became the latest supermarkets to place limits on some fruit and vegetables customers can buy due to supply shortages. The soaring cost of energy, and fertiliser also derived

Theft by employees has jumped by 19% amid warnings that the rising cost of living is triggering a wave of workplace crime, new data suggests. Almost 6,000 people were caught stealing from their employer in 2022 – up from 5,000 the year before. Incidents range from the petty pilfering of office supplies to theft of

Lloyds Banking Group has revealed a 12% increase in its bonus pool for 2022 despite pre-tax profits remaining flat on the previous year. The bank – Britain’s biggest mortgage lender – revealed earnings of £6.9bn for the 12 months, matching the sum achieved in 2021. The earnings were largely damaged by a £1.5bn provision for

Asda and Morrisons are imposing limits on some of the fruit and vegetables customers can buy due to supply shortages. Asda is temporarily limiting the purchase of tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries to three of each item per customer. “Like other supermarkets, we are experiencing sourcing challenges on some products

The world’s biggest trial of a four-day working week has been hailed a success – with most of the companies involved saying they would continue offering a shorter week. A total of 61 companies across several sectors in the UK were involved in the pilot, which ran for six months from June last year. Employers

The global payment giants Mastercard and Visa are facing the latest in a string of multibillion pound competition lawsuits with the launch of a potentially vast class action claim on behalf of British companies. Sky News has learnt that Harcus Parker, a London-based commercial litigation law firm, is close to filing what it believes will

Planet Organic, the organic supermarket chain, has drafted in City advisers to explore a possible sale. Sky News has learnt that Planet Organic, which was founded in 1995 by Renee Elliot, is working with Interpath on a review of its strategic options. A source close to the process said this weekend that the company was

Railway engineering workers are set to take part in a series of 48-hour strikes next month due to a pay dispute. The action comes after the workers at infrastructure group Balfour Beatty overwhelmingly rejected the company’s offer of a 5.5% increase in pay. Members of the Rail, Maritime and Transport (RMT) union will take strike

Tesco, Britain’s biggest supermarket chain, is to kick off a review of its presence in the UK banking sector – a move that could lead to a sale of the business. Sky News has learnt that the grocery giant is lining up Goldman Sachs to advise on the future of Tesco Bank, which launched in

Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit. While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a

Profits at NatWest have risen to their highest since the global financial crash. The bank recorded profits of £5.1bn before tax in its 2022 full-year results, a high not seen since 2007 and an increase from the £3.8bn booked a year earlier. The payment of a bonus to its chief executive, Dame Alison Rose, was

Ambulance and Border Force staff are back on strike today as their bitter disputes over pay and working conditions continue. GMB and Unite members will mount picket lines outside hospitals in the West Midlands. At the same time, members of the Public and Commercial Services union (PCS) at Dover and several French ports, including Calais,

Retail sales rose in January, surprising economists after a two month fall, according to official figures. Sales were expected to fall 0.3% according to a Reuters poll of economist forecasts, but data from the Office of National Statistics (ONS) showed the numbers were better than the loss in December. But there was an overall fall