Business

Ryanair has raised its passenger forecast following a recovery in summer bookings but reported a sharper first quarter loss, saying the coronavirus crisis “wreaked havoc” on Easter demand. Europe’s largest airline by passenger numbers said it now expected to fly between 90 and 100 million people in its current financial year to the end of

Senior ministers are set to discuss extending the rollout of daily COVD testing sites to ease the concerns of industry and frontline services by allowing further exemptions from isolation for critical workers. The COVID operations sub-committee of Cabinet will meet later to discuss if the number of jobs eligible for the testing regime should be

Marks & Spencer’s chairman Archie Norman has warned of a political “running sore of symbolic proportions” if UK chilled products are banned in Northern Ireland. Mr Norman also said consumers in Northern Ireland faced higher prices and empty shelves as a result of the “pointless and byzantine” way post-Brexit rules are being enforced. The retail

A haulage industry body has rounded on the latest government plans to help ease the shortage of drivers – still estimated at 100,000 and delivering disruption across the economy as a result. Ministers including Transport Secretary Grant Shapps wrote an open letter, published via their Twitter accounts, to insist they understood the severity of the

Boris Johnson and Rishi Sunak have, it is reported, agreed to pay for long term reform of social care by raising national insurance by a penny in the pound for both employers and employees. The move would raise an estimated £10bn annually. The government is braced for unease among its backbenchers because the Conservatives promised

Boris Johnson is looking at raising National Insurance in order to fund long-promised reforms of social care, but any proposals won’t be set out until after the summer. The prime minister‘s plans have been delayed in part because he is isolating along with Chancellor Rishi Sunak and Health Secretary Sajid Javid, after the latter tested

Easyjet has revealed that fewer than half of UK flights for this summer have been booked as customers leave it late to arrange trips. The budget airline said capacity for the usually lucrative July-September period was just 44% sold, down from 69% in the same period in 2019 before the pandemic. It said customers “are

Half of managers (50%) think the government is lifting coronavirus restrictions too quickly, according to a Chartered Management Institute poll. Shared exclusively with Trevor Phillips on Sunday, it reveals 39% believe the changes are happening at the right pace, while 8% think they are occurring too slowly. Public sector managers were slightly more concerned than

One of the great puzzles emerging from the last year has been why, in spite of COVID, repeated lockdown, and surging self-isolation, recruitment agencies have seldom been busier. Employment levels are still rising and unemployment has – so far – not become the scourge many anticipated. In theory, such a tight labour market should generate

Shortages of building supplies are causing delays in construction work and putting businesses under pressure, an industry expert has told Sky News. Brian Berry, chief executive of the Federation of Master Builders, said that a lack of supplies is having “a big impact” on the industry. “Particularly the smaller builders, they’re the ones struggling to

Saudi Arabia’s sovereign wealth fund is in advanced talks to acquire a stake in McLaren Group as part of a fresh shake-up at the British supercar manufacturer and Formula One (F1) team-owner. Sky News has learnt that the Saudi Public Investment Fund (PIF) is to participate in a £550m equity-raise which could be unveiled by

Factories across the country are on the verge of shutting down due to isolation warnings from the test and trace app, the UK’s manufacturing union Unite has claimed. The union says it has been warned by a number of companies, particularly in the automotive sector, that swathes of staff are being advised to self-isolate by

Two pharmaceutical companies have been fined more than £260m by the UK’s competition watchdog after the pair colluded to overcharge the NHS for almost a decade. Drugmakers Auden McKenzie and Accord UK, formerly called Actavis UK, charged the NHS excessively high prices for hydrocortisone tablets, costing the taxpayer hundreds of millions of pounds, according to

Revolut, the British-based banking and payments app, will on Thursday become the most valuable fintech company in British history when it unveils a fundraising that makes it worth $33bn. Sky News has learnt that Revolut will announce that it has raised $800m (£577m) in a funding round led by SoftBank’s Vision Fund and Tiger Global

The world’s first Salt and Sugar Reformulation tax could be added to food sold in shops, cafes and canteens in England as part of a new National Food Strategy. A review commissioned by the government says a £3 per kg tax on sugar and a £6 per kg tax on salt sold for use in

Shoppers at Sainsbury’s will be encouraged to keep wearing masks in stores next week even though it will no longer be legally required. The company became the first major supermarket to reveal its stance hours after the government published guidance saying it “expects and recommends that people continue to wear a face covering in crowded,

Musicians and songwriters receive “pitiful returns” from streaming and the entire model is in need of a “complete reset”, an inquiry has concluded. Following several hearings involving stars including Chic’s Nile Rodgers, Elbow’s Guy Garvey, Radiohead‘s Ed O’Brien and solo singer Nadine Shah, as well as bosses from major record labels and streaming platforms, the

The Daily Mail’s founding family is plotting an offer to take the company behind Britain’s biggest-selling national newspaper private – move that would end 90 years of stock market history. Daily Mail & General Trust (DMGT) confirmed Sky News’ exclusive revelation on Monday that Rothermere Continuation Limited (RCL) is considering an £810m bid for the

Uber will this week name a former Tesco executive as the head of its European delivery arm amid a frenzy of competition in the rapid grocery sector. Sky News understands that Eve Henrikson, who spent years working for Britain’s biggest online grocer, is joining the owner of the world’s best-known ride-hailing app as regional general

Tony Hayward, the former BP chief executive, is plotting the flotation of a new ‘blank cheque’ company that will seek to capitalise on booming investor appetite for companies exposed to the world’s multi-trillion dollar shift to cleaner energy. Sky News has learnt that Mr Hayward is in advanced talks to list Energy Transition Partners, a