An award-winning restaurant is to close amid increasing costs and overheads. The Ollerod in Beaminster, Dorset, will continue as a hotel and pub, which owner Silvana Bandini said was the “only feasible option”. She said increases in utilities, food prices and staff costs – including increases to the minimum wage …

Suranjana Tewari,Asia Business Correspondentand Lily Jamali,North America Technology Correspondent VCG via Getty Images TikTok announced on Thursday that it has finalised a deal that will allow the hugely popular short-video app to continue operating in the US. The deal comes after a years-long tussle between Washington and Beijing that began …

The US and China have signed off on a deal for TikTok’s Chinese owner to hand over the company’s American division to investors backed by Donald Trump. It means the US version of TikTok will become majority-owned by a group of investors that includes American tech giant Oracle, California-based private …

Some former state employees across the country have been left with no income this month after the company managing civil service pensions failed to pay them. The Civil Service Pension Scheme, which manages the pensions of 1.7 million public sector workers in the UK, has been unable to provide lump …

Zoe ConwayNews Correspondent BBC Thousands of homes, like this one in Swansea, were fitted with insulation that caused mould and damp Thousands of people are living in homes that pose a risk to their health and safety after the ”catastrophic failure” of two government insulation schemes, MPs have said. Major …

Donald Trump has filed a $5bn (£3.7bn) lawsuit against JPMorgan Chase (JPMC), accusing it of debanking him and his business empire after his first term in the White House ended. The US president claims America’s largest bank by assets and its chief executive Jamie Dimon closed a number of personal …

JP Morgan Chase, the US-based banking giant, has swooped to buy a British pensions technology company as it tries to augment its retirement planning services to personal investing clients. Sky News has learnt that JP Morgan has agreed to snap up WealthOS, which was founded in 2019. Chaired by former …

One of the UK’s biggest energy providers is to compensate more than 11,000 customers, most of them vulnerable, for failing to pay electricity bill discounts on time. Ovo, the country’s fourth largest gas and electricity supplier, was more than 19 months late making the warm home discount payments and so …

One of Britain’s leading financial technology companies will on Friday announce the acquisition of a mortgage sector tech platform as it further diversifies its revenue base ahead of a public share listing. Sky News has learnt that ClearScore Group has struck a deal to acquire Acre Platforms for an undisclosed …

Brenand Nelson, the new chairman of HSBC Holdings, will be among the business leaders who travel to China with Sir Keir Starmer next week as the prime minister tries to reset Britain’s relationship with Beijing. Sky News has learnt that Mr Nelson, who only took over as the bank’s permanent …

The brewery group behind brands such as Black Sheep and Fourpure is to be rescued from the brink of collapse by Saltaire Brewery, a Yorkshire-based rival. Sky News has learnt that the future of Keystone Brewing Group, which has filed a series of notices of its intention to appoint administrators …

John LaurensonBusiness reporter, Zilina, Slovakia Kia Slovakia Kia’s giant plant in Zilina, Slovakia, can produce 350,000 cars per year In a giant factory surrounded by mountains covered in snow, a lift lowers the steel bodies of cars onto the start of an assembly line. They’ve just been welded together by …

One of Britain’s leading home-grown manufacturers of probiotic supplements is to be taken over by an American peer amid booming demand for gut-health and wellbeing products. Sky News has learnt that Symprove, which was launched by Barry Smith from his Surrey farm in 2010, is being bought by Metagenics, a …

Katy AustinTransport correspondent Getty Images The rail regulator has admitted it “did not have all the facts” when it decided to not allow passengers on a peak-time train service between Manchester and London. The Office of Road and Rail (ORR) said it was missing “critical points” when it made a …

Six out of nine US Supreme Court justices have indicated support for keeping a central bank interest rate-setter in her job, in defiance of the Trump administration. The White House moved last year to remove Lisa Cook, a member of the Federal Reserve’s board, from her role claiming she had …

Natalie ShermanBusiness reporter Getty Images US President Donald Trump faced a setback at America’s top court on Wednesday over his unprecedented move to fire a central bank governor. Justices questioned why they should speed through a decision with potentially major implications for central bank independence and the wider economy. Trump …

High Street Fashion giant Next has snapped up luxury footwear business Russell & Bromley from administration in a rescue deal. Next announced it paid £2.5m to acquire the 145-year-old family-owned shoe retailer through an insolvency process. Under the deal, Next owns the Russell & Bromley brand and intellectual property. Money …

A workplace lender which counts the FTSE 100 companies Experian and Legal & General among its shareholders has secured a £460m financing war chest as it seeks to roll out its products to millions more British employees. Sky News understands that Salary Finance will announce on Thursday that it has …

A workplace lender which counts the FTSE 100 companies Experian and Legal & General among its shareholders has secured a £460m financing warchest as it seek to roll out its products to millions more British employees. Sky News understands that Salary Finance will announce on Thursday that it has lined …

Sarah JonesWest of England Getty Images The scheme is open to all primary and secondary school pupils across Wiltshire who receive free school meals Thousands of children will be able to swim for free again this year, during the school holidays. Wiltshire Council is offering swimming sessions to all primary …