Reaction Engines, the British leader in hypersonic aviation, has moved to reassure staff that they will be paid this month as talks to save the company continue. Staff at Reaction Engines were told this week that it would meet its October payroll obligations amid growing doubts about its survival, Sky News has learned. The company … Read more
Boeing employees have rejected a recent 35% pay rise, committing to more strikes as the company faces huge losses and delivery delays. As many as 33,000 workers at Boeing plants in Washington state, Oregon and California rejected a proposal to raise wages by just over a third over four years, with their union saying “after … Read more
A group of private equity groups is preparing bids for the accounting firm formerly known as Smith & Williamson. Sky News has learned that Bain Capital and Switzerland-based Partners Group are among the buyout firms considering whether to make initial offers for the Evelyn Partners division before this week’s deadline. They will join Apax Partners, … Read more
The energy supplier that bailed out rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the deal, delivering what it will say this week represents a £1.5bn windfall for taxpayers. Octopus Energy will announce on Thursday that it has paid more than £3bn to the government, … Read more
The Treasury is on track to complete the sale of the taxpayer’s stake in NatWest Group as early as spring next year, as officials consider whether to launch another share offering in the rescued bank. Sky News can reveal that, based on the current pace of share disposals by UK Government Investments (UKGI), the final … Read more
The US Centers for Disease Control and Prevention (CDC) said one person died and 10 were hospitalized after an E. coli outbreak linked to McDonald’s Quarter Pounder sandwiches. Infections were reported between September 27 and October 11 in 10 US states; Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, Oregon, Utah, Wisconsin and Wyoming. Colorado has had … Read more
Trade union Unite has told Sky News that the Serious Fraud Office (SFO) will investigate a controversial hotel and conference center in Birmingham that cost the union nearly £112 million. The union, which was previously Labour’s biggest donor, says it believes there was “serious financial irregularities” when it was run by leader Jeremy Corbyn. Lynn … Read more
GoCardless, the digital payments platform, is set to become the third British fintech company in as many months to organize a share sale that will result in a windfall of more than £100m for its employees. Sky News understands that GoCardless, which was founded in 2011, is in the advanced stages of coordinating a secondary … Read more
While the odd bet on your football team to win at the weekend sounds like a harmless bit of fun, it could actually be ruining your chances of getting a mortgage. Lenders have always been cautious when it comes to approving mortgages, but some brokers have noted that even individual gambling transactions are now seen … Read more
A former Microsoft executive has been appointed as the next chairman of Ocado Group, the online grocery technology provider. Adam Warby, who chairs executive search firm Heidrick & Struggles and serves as a senior adviser to KKR, the powerhouse US-based investment firm, has emerged as a leading candidate to succeed Rick Haythornthwaite in the role, … Read more