Business

The cryptocurrency firm chaired by Lord Hammond, the former chancellor, is in talks to recruit a new finance chief amid heightened scrutiny of the industry’s financial controls. Sky News understands that Copper is targeting the appointment of Sam Goh, an executive at Onfido, the digital identity company, as its chief financial officer. Industry insiders said

Shares in Manchester United have fallen by more than 12% following a report that the club’s owners want bidders to raise their offers if the team is to be sold. A source had told the Financial Times on Saturday that the Glazer family was not happy with the sums on the table following the conclusion

Let’s get the policy stuff out of the way first. Labour has an economic growth target. They want to achieve the highest sustainable growth per head rate of the seven major industrialised economies. They say that unless we do something to change the path of British economic growth we will end up poorer than Poland

Ian King speaks to our business correspondent about the new energy price cap and what it means for households. Plus hear from EY’s UK chief economist about how cost of living pressures are expected to intensify regional divisions. And the CEO of bodycam maker Reveal Media joins the show to discuss why the technology is

Ofgem has lowered its cap on the amount energy companies can charge for gas and electricity but it’s not all good news. Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis

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

The boss of one of the UK’s largest fish and chips chains has told Sky News that industry prices are stabilising but yet to reach their peak. James Lipscombe, chief executive of The Chesterford Group which runs 38 takeaways and restaurants under several brands, spoke of a mammoth effort to maintain sales volumes as the

Microsoft is limiting how many questions people can ask its new Bing chatbot after reports of it becoming somewhat unhinged, including threatening users and comparing them to Adolf Hitler. The upgraded search engine with new AI functionality, powered by the same kind of technology as ChatGPT, was announced earlier this month. Since then, it has

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

An estimated 91.2% of card payments last year were contactless, according to data covering spending when the technology was available. Analysis of habits by debit and credit card users at Barclays showed face-to-face or in-store spending using contactless was up from 82.6% achieved the previous year. The bank credited much of the “tap and go”

Britain’s biggest luxury yacht-builder is being sold to new private equity backers 15 years after it last changed hands. Sky News has learnt that Princess Yachts, which is based in Plymouth, is being sold to KPS Capital Partners, a US-headquartered investor which specialises in owning manufacturing businesses. Sources said a deal could be struck as

The UK communications regulator has launched an investigation into broadband and phone bill price rises as research suggested many customers are unaware providers can increase costs. The review, to be carried out by Ofcom (the Office of Communications), will focus on mid-contract price increases as the watchdog said it was worried about uncertainty faced by

Qatar’s sovereign wealth fund is exploring buying a minority stake in a Premier League club – with interest in Manchester United. A full takeover of an English club is not planned at this stage but the Qatar Investment Authority (QIA) is exploring acquiring a stake that could be around 10%, Sky News understands. The emir

Google published an online advert for its new AI chatbot Bard in which it delivered an inaccurate answer. The company unveiled its much-anticipated rival to ChatGPT this week, and has launched a marketing blitz to prepare the public for its full rollout in the coming weeks. A promotional tweet with a short GIF describes Bard