Twenty Conservative politicians have urged Boris Johnson to scrap energy taxes as bills continue to rocket. The MPs and peers have written a letter in the Sunday Telegraph to ask the prime minister and Chancellor Rishi Sunak to help consumers facing “fuel poverty”. Energy prices in the UK are being forced up faster than any
Business
Microsoft says it is aware of a programming flaw which saw some customers’ Exchange servers stop processing emails just as the clock struck midnight on New Year’s Eve. System administrators, who are sharing workarounds on social media, have dubbed the bug Y2K22 – in the style of the Y2K bug which affected some computers at
Guy Hands, the billionaire financier, is plotting the sale of the Ministry of Defence’s (MoD) biggest landlord in what could be one of Britain’s biggest private equity deals of 2022. Sky News has learnt that Mr Hands’ Terra Firma Capital Partners has begun talks with investment banks about overseeing an auction of Annington Homes. City
Tencent Holdings, the Chinese technology behemoth, is taking a stake in Monzo, the British-based digital bank which has confounded expectations by securing a $4.5bn (£3.3bn) valuation. Sky News has learnt that Tencent, which has become a prolific investor in Europe‘s burgeoning tech sector, has subscribed to shares as part of a $100m (£74m) top-up to
New rules banning a loyalty penalty for car and home insurance customers take effect from 1 January. The rules mean customers renewing their policy will have to be offered a price no higher than if they were a new customer. They are designed to tackle the practice of “price walking”, where firms offer below-cost deals
On the final day of the year, Alex Proud’s nightclubs are still not sold out for New Year celebrations. The founder of the Proud Group who runs a club on the Embankment in London told Sky News the situation is “disastrously bad”. “We’re not yet sold out but the whole of the UK is like
The owners of Shawbrook, one of Britain’s biggest challenger banks, are exploring plans to list it on the London Stock Exchange less than five years after taking it private. Sky News has learnt that BC Partners and Pollen Street Capital, the two private equity firms which each own 50% of Shawbrook, are holding talks with
Liquidators of the Thomas Cook travel empire which became one of Britain’s best-known companies during its 178-year history have launched a bid to offload its stake in the company behind the UK’s air traffic control operations. Sky News has learnt that AlixPartners, the professional services firm, launched a process shortly before Christmas to sell Thomas