Capitalism is not delivering on its promise to raise living standards, a former head of the business lobby, the CBI, has warned. Lord Adair Turner, who is also a former City regulator, made the comments ahead of the release of third quarter growth figures for the UK
More than a fifth of those approached by investment fraudsters fail to report it, according to a survey conducted for the Financial Conduct Authority.Amongst a group of over-55s surveyed, only 63% said they would tell the authorities if they thought they had been
A stake in TransferWise, the payments app which is one of Britain’s most valuable technology start-ups, will change hands this week as part of an £18m deal involving Draper Esprit, the listed venture capital firm. Sky News understands that Draper Esprit will
Kering, owner of luxury fashion labels Gucci and Yves Saint Laurent, expects a “record” year, amid strong sales growth, especially in China and western Europe.The French firm’s revenue hit €3.9bn (£3.5bn) in the three months to the end of September,
France is experiencing a butter shortage which, as well as pushing up the price of croissants, is causing a political problem for the President. Butter is in demand, milk production is in decline and President Emmanuel Macron is trying to make the food chain fairer
London’s airports will hit full capacity six years sooner than expected, new government figures say.Without expansion, the five airports will be full by 2034 because of higher demand for flights, according to the Department for Transport (DfT).It made the
McDonald’s has reported better than expected sales in the third quarter as it pushes back against competitors such as Chipotle and Burger King.The fast food giant’s revenues fell 10% to $5.75bn in the three months to September after selling Asian
Virgin Money is lining up a former HSBC executive as its next chairman in an appointment that will complete the only all-female leadership team among the UK’s 350 biggest public companies. Sky News has learnt that the bank backed by Sir Richard Branson is close
Saudi Arabia has unveiled plans to build a new city and business zone – a project that will be backed up by more than $500bn (£381bn) in investment.Crown Prince Mohammed bin Salman says the 26,500 sq km (10,232 sq mile) NEOM zone will be developed in the