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Reborn British Steel seals £90m funding deal

The reborn British Steel has secured almost £100m of new financing to spur its turnaround, delivering a shot in the arm to an industry shaken by uncertainty over Brexit and transatlantic trade conflict. Sky News has learnt that the company, which owns the giant Scunthorpe steelworks in the north …

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Debenhams shares slide on credit insurer woes

Shares in Debenhams fell up to 7% on Monday as the retailer battled suggestions it was facing a crisis of confidence among credit insurers. The Sunday Times reported at the weekend that one provider had reduced cover to the struggling department store chain’s suppliers while two others had withdrawn …

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Rolls-Royce develops 'flying taxi' technology

A prototype system for vertical take-off and landing could pave the way for “flying taxis” by 2020. A new electric vertical take-off and landing (EVTOL) system, unveiled by Rolls Royce, uses gas turbine technology to propel the vehicle with minimal noise and without the need for recharging. The engine …

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Unilever grandees weigh Dutch headquarters shift

The consumer goods giant behind Dove and Marmite‎ has opened talks with the trust established by one of the group’s founders as part of a shareholder charm offensive aimed at abolishing its UK headquarters. Sky News has learnt that ‎Unilever and the Leverhulme Trust – set up in 1925 …

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