Sky Business News Articles

The chairman of Tesco is to spearhead a committee of business leaders tasked with generating policy ideas for rejuvenating Britain's post-coronavirus economy.

The chairman of Airbus in the UK says he cannot rule out further job losses, a day after the company announced 1,700 jobs would be cut from its UK operation.

Specialist turnaround funds are vying to take control of some of Britain’s best-known restaurant chains, including Café Rouge and Las Iguanas, even as the coronavirus pandemic leaves the sector’s revival prospects highly uncertain.

Sir Philip Green's Dorothy Perkins-to-Topshop empire is to cut 500 jobs in a bid to slash costs, blaming damage inflicted on the business by the coronavirus crisis.

Luxury department store Harrods will axe 672 jobs, following similar cuts by Sir Philip Green's Arcadia Group and the owner of Upper Crust and Caffe Ritazza.

Wigan Athletic have gone into administration after the coronavirus pandemic had a "significant impact" on the football club's finances.

The Treasury has ditched plans to introduce another emergency coronavirus funding scheme that would have targeted billions of pounds of public money at providers of supply chain finance.

Police and prosecutors have raided the headquarters of beleaguered payments firm Wirecard as part of a fraud investigation relating to its £1.7bn accounting black hole.

The annual rate of house price growth has turned negative for the first time since 2012, according to a closely-watched measure.

The US has officially designated Huawei and ZTE as threats to national security, blocking American companies from spending federal subsidies on their equipment.