Business

Surprise bounceback in December sales as people bought silver and gold at record prices

Retail sales in the UK bounced back in December with a better-than-expected performance over the Christmas season, according to new figures. The total volume of retail sales, which measures the quantity bought, increased by 0.4% last month, said the Office for National Statistics (ONS). While the rise is small, it’s well above the 0.1% drop […]

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US and China finalise deal to sell TikTok’s American business

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 equity fund Silver Lake, and

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Banking behemoth JP Morgan Nutmegs rivals with purchase of WealthOS

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 Google executive John Herlihy, WealthOS

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US group Metagenics has healthy appetite for probiotics maker Symprove

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 New Jersey-based provider of nutritional

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