Category: Business


  • US Federal Reserve defies calls from Donald Trump to cut interest rate | US News

    The Federal Reserve has defied calls from US President Donald Trump for a cut to the interest rate by leaving it unchanged. The decision means it stays in the range of 4.3%, where it has remained after the bank reduced it three times last year. “We’re keeping the rates high, and it’s hurting people from…

  • Apollo charges in for stake in £7bn petrol retailer Motor Fuel Group | Money News

    The investment giant Apollo Global Management is close to snapping up a stake in Motor Fuel Group (MFG), one of Britain’s biggest petrol forecourt empires, in a deal valuing it about £7bn. Sky News has learnt that Apollo could announce as soon as Thursday that it has agreed to buy a large minority stake in…

  • Over-50s savings account launched – should you go there? | Money News

    For this week’s Savings Guide, Anna Bowes, personal finance expert from The Private Office, takes a look at a product specifically for over-50s… Insurance firm Saga recently announced that it is preparing to launch a range of over-50s savings products with NatWest. The company, which specialises in holidays, insurance and personal finance products for that…

  • Gary Neville, YouTube and online protections | Money News

    In today’s episode of the Sky News Business Podcast, Darren McCaffrey speaks to former Manchester United and England footballer-turned-business-owner Gary Neville about the government’s national insurance rise. Darren also discusses YouTube becoming the second most-watched TV service in the UK. And he chats to the chief executive of EE about what the mobile network’s doing…

  • Official receiver may step in as council care provider NRS Healthcare nears collapse | Money News

    A private equity-backed provider of care services to vulnerable patients across England is on the brink of insolvency, prompting Whitehall officials to draw up contingency plans for its collapse. Sky News has learnt that NRS Healthcare, also known as Nottingham Rehab, is close to falling into compulsory liquidation after efforts to find a buyer were…

  • Trade war: Aston Martin outlines plan to beat US tariff hit as profits sink | Money News

    Aston Martin Lagonda has revealed a plan to bring forward production at the beginning of next year as it looks to swerve a worse hit from US trade tariffs. The UK luxury carmaker said it was lobbying the UK government to improve the terms of its trade deal with Donald Trump. The company explained that,…

  • Hedge fund tycoon Hosking says rival Telegraph bid “ready to go” | Money News

    The hedge fund founder enlisted to back a bid for The Daily Telegraph says the offer is “ready to go” if a takeover of the broadsheet title involving sovereign Gulf money runs into further regulatory problems. Sky News has learnt that Jeremy Hosking, the prominent City figure who co-founded Marathon Asset Management, is pledging to…

  • Money Problem: ‘My brother-in-law has to go – but I don’t want to be his guarantor’ | Money News

    Every week, we answer your financial problems or consumer disputes – you can email moneyblog@sky.uk with yours. Our latest problem, available to newsletter subscribers first, is from DeJb, who asks… Is there an alternative to guarantors for someone wanting to rent? I don’t want to be my brother-in-law’s because my mortgage is due for renewal,…

  • English cricket goes into bat with bulk of £520m Hundred windfall | Money News

    English cricket’s governing body will on Wednesday hail a landmark moment for the sport when it announces that three-quarters of the deals to bring in new investors to The Hundred have been completed. Sky News understands that the England and Wales Cricket Board (ECB) plans to issue a statement confirming that it has received proceeds…

  • BlackRock plots sale of pensions specialist Heywood | Money News

    A private equity fund managed by the world’s biggest institutional investor is plotting the sale of a pensions software provider it bought four years ago. Sky News has learnt that BlackRock’s Long Term Private Capital (LTPC) vehicle is working with bankers on the sale of Heywood, for which it paid about £350m in 2021. City…