Business News

Chancellor Rishi Sunak is expected to bow to pressure to impose a windfall tax on energy companies when he sets out the government's latest plan to tackle the cost of living crisis later.

Volkswagen has reached a £193m settlement with UK drivers involved in a class action lawsuit over the so-called dieselgate scandal in 2015.

Peter Cowgill, arguably the most successful British retailer of the last two decades, sensationally stepped down this evening as executive chairman of JD Sports amid speculation he had been ousted.

The acquisition of the UK's biggest microchip factory, Newport Wafer Fab, by a Chinese-owned technology company is to undergo a national security assessment.

The sale of Chelsea FC has been given approval by the UK government following the proposed takeover by the Todd Boehly / Clearlake Consortium.

The chief executive of SSE has defended the energy company's 23% rise in annual profits, which were bolstered by higher energy prices.

Average petrol prices have reached a new record high of 170.4p a litre, new figures show.

A Loughborough-based software company is close to becoming more valuable than Sage Group, the FTSE-100 technology champion, as it finalises a deal to sell a stake to a Singaporean state investment fund.

Rishi Sunak is on course to announce a multibillion-pound financial package to help with the cost of living on Thursday, just a day after the anticipated Sue Gray report, Sky News understands. 

Marks & Spencer has said it is exiting Russia and warned of slowing sales due to the cost of living crisis.