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Sky business news provides up to the minute reports on markets, share prices and the world economy, alongside expert business commentary.

Pound slips after Luxembourg PM's Brexit remarks

The pound has slipped further from last week's gains after remarks by Luxembourg Prime Minister Xavier Bettel directed at Boris Johnson.

Posted on 16 September 2019 | 6:06 pm

BT rival CityFibre takes Holliday as chairman

The former chief executive of National Grid will this week be named as the chairman of the ultrafast broadband network vying to become BT Group's biggest British rival.

Posted on 16 September 2019 | 2:29 pm

Aldi suffers 26% profit drop but promises growth

Discount supermarket chain Aldi has announced that its operating profits fell by 26% to £197.9m last year, as the company invested heavily in the face of fierce competition.

Posted on 16 September 2019 | 1:42 pm

Cobham agrees £4bn takeover by US equity firm Advent

US private equity firm Advent International has won its battle to buy defence and aerospace group Cobham for $5bn (£4bn), joining a growing list of overseas suitors taking advantage of the weak pound to pick up highly-rated British companies.

Posted on 16 September 2019 | 12:16 pm

Where does the world's oil come from?

The attack on Saudi Arabia's largest petroleum-processing facility over the weekend struck at the heart of one of the most important oil-producing regions in the world: the Middle East.

Posted on 16 September 2019 | 11:26 am

Purdue Pharma files for bankruptcy in face of 2,000 opioid lawsuits

Purdue Pharma, the embattled US drugmaker accused of helping to fuel the opioid drug crisis, has filed for bankruptcy in the face of more than 2,000 lawsuits across the country.

Posted on 16 September 2019 | 5:55 am

'Locked and loaded': Trump warns Iran as oil prices surge

Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants.

Posted on 16 September 2019 | 12:59 am

Funds power up stake in £6bn UK nuclear fleet

A consortium of infrastructure funds is in advanced talks to buy a stake in the UK's £6bn ageing fleet of nuclear power stations amid growing concerns about their reliability.

Posted on 14 September 2019 | 12:08 pm

'Boris Bus' maker Wrightbus in urgent rescue talks

The Ballymena-based 'Boris Bus' maker Wrightbus will this weekend hold last-ditch talks with a prominent Irish transport executive in a bid to stave off collapse.

Posted on 13 September 2019 | 5:17 pm

Stock exchange spurns £30bn Hong Kong takeover bid

The London Stock Exchange has firmly rejected an unsolicited takeover bid by its Hong Kong rival, citing "fundamental flaws" in the £30bn offer.

Posted on 13 September 2019 | 1:42 pm

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