image copyrightGetty ImagesBP returned to profit in the third quarter, but the global coronavirus crisis continued to hit demand for oil.BP said underlying replacement cost profit, its definition of net income, was $86m (£66m) from July to September. That was down...
image copyrightGetty ImagesThe UK's mobile networks are to be forbidden from selling phones locked to their services from December 2021.Regulator Ofcom said unlocking handsets could often be a complicated process, and this was discouraging owners from switching...
HSBC has warned it could start charging for "basic banking services" after reporting a 35% fall in pre-tax profits for the three months to the end of September. With interest rates so low, Europe's biggest bank by assets is finding it difficult to charge more for...
BP has reported a profit of $100m (£77m) for the third financial quarter, helped by stronger oil prices. Analysts had expected a loss of $120m (£92m) for the quarter, which ended on 30 September, following a record $6.7bn (£5.1bn) loss in the previous quarter. The...
image copyrightGetty ImagesHSBC has said it will accelerate its restructuring plan, slashing costs further than previously suggested. The bank made the announcement as it reported a quarterly pre-tax profit of $3.1bn (£2.3bn) - down 35% from the same period last year....
image copyrightGetty ImagesDisabled workers could face a "jobs crisis" amid the coronavirus pandemic, a leading charity has warned.About 7 in 10 disabled people surveyed by Leonard Cheshire had seen a hit to their income, been furloughed or feared redundancy due to...
Hedge fund manager Sir Chris Hohn slams investment giants for acting 'like sheep' on climate changeBy Lucy White For The Daily Mail Published: 18:17 EDT, 26 October 2020 | Updated: 19:50 EDT, 26 October 2020 Hedge fund manager Sir Chris Hohn has slammed investment...
Former One Direction star and Dunkirk actor Harry Styles invests in new live music arena in ManchesterBy Daily Mail City & Finance Reporter Published: 18:18 EDT, 26 October 2020 | Updated: 18:32 EDT, 26 October 2020 Harry Styles says his new investment 'feels like...
St James's Place blasted by one of its shareholders over 'excessive pay' and its 'disappointing' share price performanceBy Lucy White For The Daily Mail Published: 18:18 EDT, 26 October 2020 | Updated: 18:30 EDT, 26 October 2020 St James's Place (SJP) has been blasted...
Bosses, bankers and advisers will enjoy massive £169m payday from Caesar Entertainment's takeover of William HillBy Daily Mail City & Finance Reporter Published: 18:18 EDT, 26 October 2020 | Updated: 18:23 EDT, 26 October 2020 Bosses, bankers and advisers will...
MAGGIE PAGANO: If Royal Mail is to compete with rival services, it should be allowed flexibility by government and unions to adapt as market changesBy Maggie Pagano For The Daily Mail Published: 18:18 EDT, 26 October 2020 | Updated: 18:20 EDT, 26 October 2020 When...
MARKET REPORT: Global markets plunge into turmoil as coronavirus cases surge in Europe and the USBy Francesca Washtell For The Daily Mail Published: 18:18 EDT, 26 October 2020 | Updated: 18:18 EDT, 26 October 2020 Global markets were plunged into turmoil as Covid...
The Hut Group's shares jump to record high on back of bumper sales update that boosted wealth of founder and his wife by close to £25m in a single dayBy Tom Witherow For The Daily Mail Published: 18:18 EDT, 26 October 2020 | Updated: 18:18 EDT, 26 October 2020 The Hut...
Diageo buys gin and vodka distillery Chase, expanding its UK gin businessBy Daily Mail City & Finance Reporter Published: 18:18 EDT, 26 October 2020 | Updated: 18:18 EDT, 26 October 2020 Diageo has bought gin and vodka distillery Chase, expanding its UK gin...
MGM insists new James Bond film will not be sold to Netflix or Apple TV amid reports that it has been holding talks with the two streaming giantsBy Daily Mail City & Finance Reporter Published: 18:18 EDT, 26 October 2020 | Updated: 18:18 EDT, 26 October 2020 MGM...
Chinese payments business poised to raise more than £26bn in world's biggest stock market floatBy Matt Oliver For The Daily Mail Published: 18:17 EDT, 26 October 2020 | Updated: 18:17 EDT, 26 October 2020 A Chinese payments business is poised to raise more than...
image copyrightGetty ImagesThe future of the UK's £34bn aerospace sector is at risk if ministers do not reach a deal with the European Union over the mutual recognition of parts, the aviation trade body ADS says. It said a deal would not form part of any post-Brexit...
image copyrightGetty ImagesFormer Uber drivers have accused the taxi app firm of using automated "robo-firing" algorithms to dismiss them.British drivers want courts in the Netherlands - where Uber's data is based - to overrule the algorithm that they say caused them...
Heavyweight political figures including the former prime minister David Cameron will this week throw their support behind an initiative aimed at ending the "chronic under-representation" of black people across major British industries. Sky News understands that a...
image copyrightGetty ImagesUS stock markets are set for their sharpest drop in weeks as concerns about the economic impact of surging coronavirus cases sent shares tumbling.The Dow Jones Industrial Average was down about 2.5% in mid afternoon trade in New York, while...
Young people are more than twice as likely to have lost their jobs and and just under six in 10 have seen their earnings fall since the coronavirus pandemic began, research has found. Employment and earnings losses are also more pronounced for women, the self-employed...
Tesco was "simply wrong" to tell a woman she could not buy period products during lockdown, Health Minister Vaughan Gething has said.The supermarket apologised after saying it could not sell sanitary towels and tampons from a store in Cardiff.The Welsh Government has...
Chinese online payments firm Ant Group - a spin-off of Alibaba - has revealed its plans for a stock market debut next month set to be the largest the world has ever seen. The Chinese financial technology firm, which counts China's richest man Jack Ma among its...
Online beauty retailer The Hut Group saw sales rise 39 per cent in its latest quarter as the pandemic helped to boost internet shopping. The group, which owns a collection of beauty brands and licences its technology platform to other companies, reported sales of...
The telecoms regulator has confirmed it is to ban mobile phone operators from selling locked handsets. Ofcom, which first floated the idea in December last year, said the move would be implemented from December 2021 to make switching providers easier for consumers. It...
Nick Candy-backed mining firm Metals Exploration climbs almost 170% on the stock market after relistingMetals Exploration owns the Runruno Gold Project in Nueva Viscaya, PhilippinesThe price of gold has soared this year because of the coronavirus pandemic By Harry...
SMALL CAP SHARE IDEAS: Electrical components supplier Discoverie stands to gain from shift towards automation accelerated by CovidBy Philip Whiterow, Proactive Investors, For Thisismoney.co.uk Published: 12:10 EDT, 26 October 2020 | Updated: 12:10 EDT, 26 October 2020...
image copyrightGetty ImagesChinese financial technology giant Ant Group looks set to make the world's largest stock market debut.Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, is to sell shares worth about $34.4bn (£26.5bn) on the Shanghai...
image copyrightGetty ImagesToymakers are expecting strong global sales during the critical end-of-year festive season, after a surge of pandemic-fuelled demand for items such as Barbies and board games.Hasbro, maker of Monopoly and Jenga, told investors on Monday it...
Harry Styles is investing in a new live music arena, set to become the biggest indoor venue in the UK. Co-op Live, which will be located in Manchester City Football Club's Etihad Campus, is set to open in 2023. The £350m venue, which got planning permission in...
British Airways has confirmed that it is ending its contract with Marks & Spencer to provide inflight food on short-haul flights in economy class.A spokesperson for BA said: “We proudly launched our buy-on-board catering in 2017 with high street favourite,...
A retired British Airways Boeing 747 plane is set to be converted into a cinema and educational facility in Gloucestershire. The jumbo jet will also be used as a conference venue, museum and visitor attraction when it goes on display at Cotswold Airport, near Kemble,...
The Post Office says it is to ditch almost a third of its free-to-use cash machines but invest £16m to protect and upgrade the rest of its network. The 2,000 ATMs it currently has are owned and operated by Bank of Ireland, which is withdrawing from the business. The...
The footwear retailer Clarks is kicking off talks with landlords about store closures and rent cuts, reviving tensions between high street shop-owners and tenants which have been thrust into sharp focus during the COVID-19 crisis. Sky News understands that Clarks and...
Investors lose faith in UK recovery as much-anticipated Buffettology investment trust pulls its planned float due to lack of interestBuffettology Smaller Companies Trust had announced plans to float last monthIt has pulled its IPO after failing to raise the £100m...
Finland's national carrier has started selling its business class meals in a supermarket to prevent jobs cuts at its catering unit - and the food has been a hit. Some 1,600 meals were sold in the first few days at the supermarket, which is near the airline's main hub...
image copyrightGetty ImagesGoogle, Facebook and Microsoft should be paying more corporation tax in developing nations, says ActionAid.The aid charity estimates that poorer countries are missing out on up to $2.8bn (£2.2bn) in tax revenue that could be used to tackle...
image copyrightPA MediaWorkers at two UK Rolls-Royce factories are to go on strike over plans to move some production to Singapore.The engineering giant announced plans to merge its plants in Barnoldswick, Lancashire, and cut 350 jobs in August.The Unite union said...
image copyrightGetty ImagesThe Post Office is to cut a third of its cash machines in the next 18 months with 600 ATMs to be shut by March 2022.The move has raised concerns that rural and deprived communities face being cut off from access to cash.ATMs set for closure...
The owner of the events company behind the London International Horse Show is riding to its support with a $100m (£80m) financing package to help it weather the impact of the coronavirus pandemic. Sky News has learnt that Blackstone, which acquired Clarion Events in...