Business

UK car manufacturing fell again in November, the ninth month of decline in a row, according to industry data. A total of 64,216 cars were produced in UK factories last month, 27,711 fewer than in November last year – a 30% drop, according to data from the Society of Motor Manufacturers and Traders (SMMT). The

Every week in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what they have to do if they are overpaid. Debbie asked: “I work as a chef for a high-profile hotel. In August I was overpaid by £560. I’ve spoken to a colleague who said

A food supply chain technology start-up which aims to drive reductions in waste has landed millions of pounds in funding from a syndicate of investors. Sky News understands that Cerve, which was effectively founded earlier this year, has secured £3.5m in a round led by business-to-business software specialist SuperSeed. Venture capital investors Zenith, Ponderosa and

The world’s biggest cryptocurrency, Bitcoin, has been valued at more than $100,000 for the first time, spurred on by Donald Trump’s latest nomination for his presidential team. The cryptocurrency was valued at $103,280 (£81,160) as of 4.10am UK time, leaping in value by 7.9% in the previous 24 hours, according to currency converter XE.com. It’s

Ford’s UK boss has called on the government to provide consumer incentives of up to £5,000 per car to boost demand for electric vehicles and help the industry hit challenging climate targets. Lisa Brankin, chair of Ford UK & Ireland, told Sky News that direct support for consumers to purchase zero-emission vehicles is crucial if

House prices are now growing far higher than expected and at the fastest annual rate in nearly two years, the UK’s largest building society has said. In the year up to November, houses became 3.7% more valuable, according to Nationwide. Not since November 2022 have prices been rising as fast. Prices are now just 1%

The chief executive of Vauxhall’s parent company has abruptly resigned, just days after the car brand’s factory in Luton was slated for closure. Previously regarded as one of the most respected figures in the auto industry, Carlos Tavares came under scrutiny after Stellantis issued a profit warning in September. The firm – which also makes

Elon Musk has again been prevented from becoming even richer by a US court which blocked his $56bn (£44bn) pay package despite company shareholders approving the sum. Shareholders of the world’s most valuable carmaker Tesla, had approved the package in June, which if paid would have been the biggest ever for the head of a

Just Eat has revealed plans to abandon its London stock market listing by the end of the year, dealing a fresh blow to the City. The Netherlands-based food delivery firm said the decision would allow it to cut costs and complexity. It would maintain a single listing in its home market, Just Eat’s statement said,

A UK-based business which uses thermal imaging to detect heat loss from buildings anywhere on Earth will announce this week that it has raised another £10m from prominent backers. Sky News understands that SatVu has secured the funding ahead of two satellite launches scheduled to take place next year. The fundraising is being led by

The closure of Vauxhall’s Luton van plant is a car crash for the 1,100 workers who could lose their jobs and threatens to trigger a pile-up for a government facing acute pressure from manufacturers over its plans to transition to an electric-only future. Stellantis, Vauxhall’s parent company which also owns Citroen, Fiat and Peugeot, has

The managing director of Jaguar has hit out at what he called “vile hatred and intolerance” after the car company released a new advert. A 30-second clip posted on the luxury car brand’s X account on Tuesday prompted online backlash after it featured a diverse group of models posing in bright clothes but no vehicles

Gas and electricity bills will become even more expensive in January, as the energy regulator Ofgem ups the price cap. A typical yearly bill will be £1,738 from January, an increase of 1.2%. For billpayers, it means an extra £21 a year or around £1.75 a month. It’s another blow as falls in prices had

At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned. The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software. The computer accounting system was used in the early

A US federal court has issued an arrest warrant for one of India’s richest men. Billionaire Gautam Adani has been charged by the US Securities and Exchange Commission (SEC) with allegedly defrauding investors and bribing officials. The 62-year-old Adani Group boss, worth $116bn (£91.77bn) faces the allegations along with his nephew Sagar Adani and six

Inflation jumped to 2.3% in October – a six-month high. A rise in household energy bills contributed to the higher-than-expected reading. Economists had forecast a figure to 2.2% after a three-year low of 1.7% in September. But how does all of this affect the cost of groceries, clothing and leisure activities? Use our calculator to

Energy bills are to rise again next year, according to a respected forecaster. Costs from January to March are projected to rise another 1% to £1,736 a year for the average user, according to research firm Cornwall Insight. The energy price cap, which sets a limit on how much companies can charge per unit of

An AI software company which counts Britain’s largest gas distribution network among its clients will this week announce that it has secured $15m (£11.6m) in new backing from a syndicate of leading venture investors. Sky News understands that Cogna, which launched last year, has landed the funding from Notion Capital, with backing from Hoxton Ventures

Australia’s government has pledged to introduce what it described as “world-leading” legislation to ban children under the age of 16 from social media. “Social media is doing harm to our kids and I’m calling time on it,” Australian Prime Minister Anthony Albanese said. “I’ve spoken to thousands of parents, grandparents, aunties and uncles. They, like

Every Monday in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what rights they had after a bad haircut. Reader Tim asked: “I’ve just moved to Norwich for work and went to a new barber. The barber didn’t listen and cut way too much at