Business

A plan to boost the security of critical imports has been revealed by the government following a host of disruptions to global supply chains. The Department for Business and Trade said it had been working with key industry groups for several weeks to identify products the country could not do without and should be “safeguarded”.

Dr Reddy’s Laboratories, an Indian pharmaceutical group, is in talks to buy Nicotinell, the anti-smoking aid, from its FTSE-100 parent company. Sky News has learnt that Hyderabad-based Dr Reddy’s has emerged as the frontrunner to acquire the brand from Haleon, the consumer healthcare giant spun out of GlaxoSmithKline two years ago. Sources described the talks

A supplier of heat pumps and other domestic energy technology to European consumers has secured more than £100m of new funding, weeks after pledging to create thousands of jobs in Britain. Sky News understands that Aira Group, which was established by the founder of prominent battery start-up Northvolt, will say on Tuesday that it has

The world’s five richest men have more than doubled their fortunes to £688bn in three years – while the wealth of the poorest 60% has fallen, according to Oxfam. It says the first trillionaire could emerge within a decade but that poverty won’t be eradicated for 229 years. The charity’s report, Inequality Inc, comes as

In 2007, Apple was credited with revolutionising the landscape for communications when it launched the first iPhone – a mobile phone that could play music and access the internet. The product laid the foundation for 17 years of smartphones and propelled Apple to become the world’s first company to reach a valuation of more than

The City regulator is reviewing whether people could be owed compensation for being charged too much for car loans, following a high number of complaints on historic agreements. The Financial Conduct Authority (FCA) said it was a reaction to rising tensions between consumers and lenders over so-called discretionary commission arrangements across the motor finance market

A sports marketing group which works with Formula One motor racing and the International Olympic Committee is in advanced talks to be sold to a British buyout firm for £250m. Sky News has learnt that Two Circles, which was founded by Gareth Balch, a former international athlete, could announce a deal to be acquired by

Ian King is joined by Mark Shepherd, from the Association of British Insurers, to discuss the impact of the widespread flooding disruption. Mike Hawes, from the Society of Motor Manufacturers and Traders, talks to Ian about car sales. And Randall Atkins, from Ramaco Resources, discusses a new discovery at a coal mine in Wyoming. ::

Ian King talks to Patrick Farrell from Charles Stanley about business confidence. Rightmove’s property expert, Tim Bannister, discusses house prices. Paddy Power, from Paddy Power, and Matt Hobbs, director of research at Prostate Cancer UK join Ian to discuss the real winner of last night’s World Darts Championship. :: Listen and subscribe to The Ian

Two of the world’s largest container ship operators have extended diversions from the Red Sea following an attack on a vessel at the weekend that has been blamed for a renewed oil price volatility. Maersk had suspended, on Sunday, sailings near or via the Suez Canal after one of its giant carriers, the Maersk Hangzou,

Sir Jim Ratcliffe’s acquisition of a 25% stake in Manchester United Football Club will be announced today, 13 months after the launch of a review initiated by the Glazer family. Sir Jim Ratcliffe’s Ineos Sport will take control of the football side of the club. This breaking news story is being updated and more details

The chancellor has signed a deal aimed at boosting financial services ties with Switzerland, describing the arrangements as a “global first”. It is aimed at boosting access to each other’s markets and is based on mutual recognition of laws and market regulations in both countries. The Treasury said the Berne Financial Services Agreement marked a

The website and phone app for Elon Musk’s X (formerly Twitter) appear to have been restored after going down. Earlier, users were still able to open the service but were faced with a message reading “welcome to your timeline”, instead of the usual feed of posts. Spaces, where people can take part in voice chat

There’s been a surprise and significant drop in inflation, the Financial Conduct Authority lays out plans to shake up the UK’s listing rules to make it more attractive for international businesses to list here, and one of the UK’s leading alternative investment managers Gresham House has been delisted. :: Listen and subscribe to The Ian

A second successive chunky fall in the rate of inflation is unarguably good news, all the better for being unexpected, that may yet change the economic and political path for the year ahead. While prices are emphatically not falling, they are rising less fast than they were, offering some hope that better times, if not

Spring energy bills are projected to ease as energy markets stabilise, according to a closely-watched forecast. Energy bills in the three months from April to June are projected to fall 16% to £1,660 a year for the average user, according to research firm Cornwall Insight. It’s a £268 drop from the energy cap from next

Bahrain’s sovereign wealth fund is gaining full ownership of McLaren Group, one of the most revered names in British premium manufacturing, as part of long-term plans to secure a partnership with a global industry giant. Sky News has learnt that Mumtalakat, the Gulf state’s investment fund, is on the brink of a deal with McLaren’s

Fast-fashion giant Shein has been accused of “Mafia-style intimidation” of suppliers in a lawsuit filed by rival online retailer Temu. The campaign of threats formed part of a “desperate plan” by the company to fight off its competitor in the US, according to the lawsuit filed in Washington DC on Wednesday. Among the claims is

The Federal Reserve has again held interest rates – ahead of a Bank of England announcement on Thursday in which it is widely expected to do the same. The US central bank said there was no immediate need for a hike because inflation had “eased over the past year,” as it also suggested borrowing costs

The online dentistry firm Smile Direct Club has shut down its global operations months after filing for bankruptcy in the US, leaving customers in the middle of treatment in limbo. The company founded in 2014 had been providing its customers with affordable clear aligners remotely, without the need to see a dentist. But its winding