Business

Naked Wines, the London-listed online wine retailer, has drafted in debt advisers to explore refinancing options amid tough trading conditions. Sky News understands that Naked Wines has hired Interpath Advisory to work with it after seeing investor confidence in the company drain away in recent months. Shares in Naked Wines have slumped by almost a
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Sainsbury’s has said it is suffering “technical issues affecting some stores” – impacting its ability to fulfil the “vast majority” of online deliveries today. The supermarket chain said it was “experiencing technical issues affecting some stores, our Groceries Online service and our ability to contact customers”. “Unfortunately, we will not be able to fulfil the
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A group of lenders to Thames Water’s parent company have engaged advisers weeks before a £190m debt held by Britain’s biggest water utility falls due. Sky News has learnt that a syndicate of financiers which is owed the sum by Kemble Water, under which Thames’s regulated operations sit, has drafted in the big four accountancy
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McDonald’s customers say they have been turned away from restaurants around the world, including in the UK, after the fast food chain was hit by major IT problems. British diners have complained about restaurants being shut, despite many being able to place orders through the company’s app. McDonald’s Japan has halted all operations at most
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The government is expected to commit to banning foreign governments from owning British newspapers and magazines, effectively blocking an Abu Dhabi-led takeover of the Daily and Sunday Telegraph and Spectator magazine. Sky News understands the commitment will see the government pledge to ban the foreign state ownership, influence or control of newspapers and news magazines
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Growth returned in the UK economy in January, according to official figures. The measure of everything produced in the UK – a metric called gross domestic product (GDP) – rose 0.2%, the Office for National Statistics (ONS) said. It’s the first official economic growth announcement since a recession was declared last month as there were
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A law aimed at quashing the wrongful convictions of sub-postmasters caught up in the Horizon IT scandal is being introduced by the government later. The proposed Post Office (Horizon System) Offences Bill “marks an important step forward in finally clearing” the names of hundreds of wronged branch managers who have had their lives “callously torn
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Premier League bosses are this weekend scrambling to finalise a landmark £836m financial settlement just days before the publication of legislation to establish English football’s first statutory regulator. Sky News has learnt that the 20 top-flight clubs, which include Aston Villa, Liverpool and Tottenham Hotspur, will on Monday be asked to approve a revised version
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Plans to impose targets for electric heat pump sales on gas boiler manufacturers could be confirmed as early as next week, after fierce debate within government and intense lobbying from industry to abandon the policy. Sky News understands energy secretary Claire Coutinho had intended to ditch the policy, known as the Clean Heat Market Mechanism
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A minister has admitted that the government’s desire to scrap national insurance could take “several parliaments” to achieve as confusion over the policy mounts. In his budget earlier this week, Jeremy Hunt slashed national insurance by 2p and said the government intended to scrap payments entirely, branding them “unfair” and a “double taxation” on work.
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