Yorkshire Water agrees to pay £40m for sewage overflow failures
Yorkshire Water has agreed a £40m ‘enforcement package’ with the industry regulator after an investigation found sewage outflow and wastewater deficiencies at the company. Ofwat identified «serious failures» over how…
Intertek boosts CEO Lacroix’s pay by millions
Intertek Group, the testing and inspection specialist, is to become the latest in a string of FTSE-100 companies to hand their chief executives a sizeable pay boost. Sky News has…
UK ethical banking standards hinder defence firms, industry claims
British banks should abandon outdated ethical standards and increase lending to domestic defence manufacturers in a «patriotic» effort to ensure the UK can meet its security needs, defence suppliers have…
US central bank cuts growth outlook amid Trump trade war
The US central bank has reduced its projections for economic growth this year in light of various challenges posed by the escalating trade war initiated by Donald Trump. The Federal…
Burger King UK owner in talks for major refinancing
The owner of Burger King’s main UK operation is opening talks with lenders about a major refinancing nearly eight years after buying the business. Sky News has learnt that Burger…
Santander UK to Close Nearly 100 Branches, 750 Jobs at Risk
Up to 750 jobs are at risk at Santander bank under plans to close nearly a quarter of its high street branches. The high street lender has announced plans to…
UK steel industry leaders concerned about cancelled orders and impact of Trump tariffs
UK steel industry bosses have raised concerns about the impact of President Trump’s decision to impose 25% tariffs on steel and aluminium imports from all countries, including the UK. They…
Humanoid robot Apollo demonstrates autonomous assembly task in real-world setting
A humanoid machine called Apollo has just taken a tentative, slightly jerky, but significant step forward in the robot revolution. The 5’8″ tall robot performed the first public demonstration in…
Tesla investor calls for Elon Musk to step down as CEO amid concerns about focus and performance
One of Tesla’s earliest investors has told Sky News Elon Musk should step aside as its chief executive unless he gives up his new government job. Ross Gerber said in…
New TOFS owner considers store closures and rent negotiations with landlords
The new owner of The Original Factory Shop (TOFS) is drawing up plans for a radical restructuring of the discount retailer just weeks after taking control. Sky News has learnt…