Business News

Plans for a new British-owned battery gigaplant in Northumberland have been boosted by the commitment of around £100m of government funds to the £3.8bn scheme.

One of the only facilities in the world that uses carbon capture and storage technology to reduce the emissions of hydrogen production has the same carbon footprint as 1.2 million petrol cars, according to a new report seen exclusively by Sky News.

A cross-Channel power cable project has been rejected by the government despite pressure to bolster energy supplies in the face of an unprecedented surge in prices.

Shares in Peloton, the connected fitness firm, have fallen by more than 20% on a report the company is to cease production of its treadmills and bikes because of plunging demand.

Wetherspoons boss Tim Martin said he was "breakdancing round my living room" after COVID-19 restrictions were eased - amid signs of a return to normal trading for a number of businesses.

Primark has revealed plans to cut hundreds of jobs in a shake-up of store management - as it pledged not to raise prices.

Shares in consumer goods giant Unilever have risen after it effectively ended its pursuit of GlaxoSmithKline's consumer healthcare business saying it would not raise its £50bn offer.

A Singaporean state investment fund is backing one of the new breed of rapid grocery delivery apps which have devoured billions of dollars of funding in a race to grab market share.

Sky News analysis of new data shows that it is becoming increasingly difficult to buy a home, especially for people in the parts of the country on the lowest incomes.

The governor of the Bank of England has voiced "great concern" that inflationary pressures in the UK economy could prove more stubborn than it expected.