Business

People have actually passed away as a result of Black Friday.   It’s true: Early morning bargain customers have been shot in car park outside big-box shops over vehicle parking places and also inside shopping centers over mistaken appearances, crushed by their fellow Americans as they stampede toward bargains at Walmart and also even eliminated

To hear Portland, Oregon, City Commissioner Amanda Fritz tell it, there’s no factor various other cities shouldn’t do what Portland did back in 2016. Any type of companies with existences in Rose city that have actually highly paid CEOs are strained more.   That year, the Rose city Common council passed a regional legislation imposing

Farmers have been left struggling to cover costs as wool prices have plummeted during the coronavirus pandemic.  Shepherd Stuart Fletcher was forced to throw his harvest onto compost after the price of wool fell by 50%. Mr Fletcher, who runs a farm in East Sussex, said it would cost more in fuel to transport the

Even 10 years ago it was impossible to think that Sir Philip Green’s retailing career would be ending in the way it appears to be. The tycoon was the undisputed king of the high street, owner of a vast and profitable retail empire that straddled the BHS department store chain and Arcadia, owner of storied

Sir Philip Green’s retail empire is facing collapse within days, putting 15,000 jobs at risk and bringing the curtain down on the high street career of one of Britain’s most controversial businessmen. Sky News has learnt that Arcadia Group – which owns TopShop, Burton and Dorothy Perkins – is preparing to appoint administrators from Deloitte

Boris Johnson must commit to weekly reviews of the coronavirus tiers dictating the ability of pubs, restaurants and nightclubs to trade during the remaining months of the coronavirus pandemic, scores of hospitality chefs will warn on Thursday. Sky News has seen an open letter to the prime minister from dozens of bosses – including executives

Pub and bar operator Mitchells & Butlers has revealed that 1,300 staff have been made redundant as the COVID-19 crisis bites. The group behind chains including Harvester, All Bar One and Toby Carvery made the announcement as it slumped to a pre-tax loss of £123m for the year to 26 September, compared to a profit

Government secrecy over its new border operating system is hindering the country’s Brexit preparations, according to haulage industry bosses who labelled the process a “complete shambles”. In a letter seen exclusively by Sky News, the Road Haulage Association (RHA) has warned Cabinet Office minister Michael Gove that delays in sharing the new IT software with

Rishi Sunak set the tone for the spending review with his opening sentence: “Our economic emergency has only just begun”. It sounded admirably frank. No chancellor in peacetime has faced such a sea of red ink, and even Mr Sunak’s slim-fit slickness couldn’t obscure the hole the UK is in. The economy will have shrunk

Rishi Sunak must not try to raise taxes in this parliament, the leader of the group of northern Tory MPs has told Sky News. When the chancellor delivers his spending review later, he will also unveil a set of dire forecasts, These are likely to show the lowest growth for 300 years, with a long-term

The EU’s aviation regulator has revealed plans to approve the return of 737 MAX to Europe’s skies within weeks. EASA (the European Union Aviation Safety Agency) has published a proposed airworthiness directive for the aircraft, which has been grounded since March last year after two fatal crashes. The agency is launching a 28-day consultation and

The government has been accused of “killing Christmas” for hospitality businesses and their staff through tough new restrictions after England’s second coronavirus lockdown ends next week. The sector argues it will be among the hardest hit through Boris Johnson’s revised three-tier system, which is due to come in to force from Wednesday 2 December as

Britain is set for a “double dip” downturn after the latest lockdown resulted in business activity shrinking this month, according to a closely-watched business survey. The closure of leisure and hospitality firms saw the services sector – four-fifths of the economy – record its worst decline since May, according to IHS Markit’s purchasing managers’ index

Almost half of the UK’s manufacturers are unhappy with the government’s efforts to “level-up” the country. “Levelling up” is the phrase used by Prime Minister Boris Johnson to describe the government’s efforts to reverse regional inequalities. But some 42% of manufacturers say that these efforts are not enough and that regional industrial strategies need to

A former chairman of Centrica is being lined up to lead the AA by the consortium which hopes to agree a £3bn takeover of Britain’s biggest roadside recovery service this week. Sky News has learnt that Rick Haythornthwaite has been approached by Towerbrook Capital Partners and Warburg Pincus about chairing the AA if their joint

Crossrail, London’s long-delayed £19bn east-to-west rail link, faces being “mothballed” without the release of urgent new government funding, the capital’s transport chief has warned ministers. Sky News has learnt that Andy Byford, the London transport commissioner, wrote to the permanent secretary at the Department for Transport (DfT) this week, seeking £80m of immediate support to