Articles

A top official at the Bank of England has vowed it will “plug” any risk to banks from reckless lending through further measures, as it frets over soaring levels of consumer credit. Executive director of financial stability, Alex Brazier, told an audience in Liverpool the Bank would have to …

A vote on multi-million pound share awards at one of the UK’s biggest companies hangs in the balance just hours before a shareholder meeting that threatens to become a lightning rod for concerns over top City pay. Sky News understands that Safestore Holdings, the FTSE-250 self-storage company, is hopeful …

A former owner of Weightwatchers looks to have outmuscled a shareholder in Aston Martin in the final stages of a race to buy Rapha, the premium cycling gear manufacturer. Sky News understands that Invus Group, which made a stellar return from its investment in the dieting brand, is leading …

The Transport Secretary has come under fire for backing London’s Crossrail 2 scheme after cutting plans for rail electrification in Wales and northern England. Chris Grayling has pledged to work with London mayor Sadiq Khan to ensure Crossrail 2, the multibillion north-south rail line running across the capital between …

The Government has refused to rule out lifting the ban on chlorinated chicken as part of a future US-UK trade deal after Brexit. The American Farming Association is adamant that any deal must include agriculture, meaning chlorine washed chickens, hormone-fed beef and genetically modified crops could be exported to …

Retail is a notoriously up and down sector of the business world. When times are good products fly off the shelves, profits are huge and it’s a relatively easy way to make money. However, in times of more economic uncertainty, shoppers lose confidence and choose to hold onto their …

The first phase of a four-year £246m Government investment into battery technology is being launched to make batteries more accessible and affordable. Business and Energy Secretary Greg Clark will unveil details of the first phase, known as the Faraday Challenge, on Monday. This will include a £45m competition to …

Meat substitute firm Quorn Foods plans to create 300 jobs and invest £150m over the next five years to boost production at its plant in Billingham, Teesside. The global meat-free brand which is headquartered in Stokesley, North Yorkshire, and has capitalised on growing consumer demand for diets containing less …

The International Monetary Fund has lowered its growth forecast for the UK to 1.7% for 2017. The organisation said a weaker than expected performance meant it was revising expectations from the 2% it predicted in April. The US also had its economic forecast downgraded to 2.1% from 2.3%. It …

Guests at Center Parcs in Elveden were evacuated from communal areas and told not to leave their lodges over a “suspect device” on Sunday night. Suffolk Police tweeted: “Officers are investigating after someone overheard mention of a suspect device at #CenterParcs Elveden. Nothing has been found.” Officers are investigating …