Author: SKYNEWS

A UK-based car distributor has seen its shares hit a four-year low after reporting a fall in sales and warning of hits ahead from Donald Trump’s trade war. Inchcape, which exports cars for manufacturers across more than 40 countries globally, saw its stock lose up to 16.9% in early trading on Wednesday after its first quarter trading update. It told investors that while it was not currently experiencing damage from the Trump administration’s 25% tariffs on all US car imports, revenue fell by 5% over the three months to March to £2.1bn.Money latest: Octopus Energy responds after being forced to…

Social media firms could be hit with heavy fines – or even banned from the UK – under new measures to protect children from online harm.Watchdog Ofcom has published the final version of its children’s codes, part of the Online Safety Act, to set out what sites must do to protect young people. It says they are a “reset for children online” and will mean “safer social media feeds”. However, some campaigners believe they don’t go far enough.Ofcom says the codes set out an obligation to protect children from content that is misogynistic, violent, hateful or abusive – as well…

US country music star Jelly Roll is seeking a pardon to wipe his criminal convictions from the record, after spending time behind bars as a teenager.He told the Tennessee Board of Parole that while in detention, he fell in love with songwriting which he says changed his life in ways he “never dreamed imaginable”. Now aged 40, the rapper-turned-country singer, real name Jason DeFord, wants to be able to travel internationally to perform, but his criminal past currently makes that difficult.”I want to be an inspiration for people who are now where I used to be – to let them…

Entain, the FTSE 100 gambling group which owns Ladbrokes, has kicked off a secret search for a new chairman, deepening the protracted uncertainty over the company’s leadership.Sky News has learnt that Entain, which has a market value of about £3.65bn, has instructed headhunters to identify a successor to chair Stella David, who is currently in her second stint as its interim chief executive. City sources said a number of candidates had been approached about replacing Ms David in recent weeks.Money latest: Are Treasury-backed savings now the best place for your cash?The search implies either Ms David will herself become CEO…

Ed Miliband has accused Nigel Farage of peddling “nonsense and lies” about the government’s commitment to net zero, as the Reform UK leader said the issue could become the “new Brexit”.The energy secretary said both Mr Farage’s party and the Conservatives were prepared to “make up any old nonsense and lies to pursue their ideological agenda” ahead of next month’s local elections. The former Labour leader also warned if an anti-net zero agenda was followed, it would not only risk “climate breakdown” but also “forfeit the clean energy jobs of the future” in Britain.In an article for The Observer referring…

Clodagh Rodgers, a singer best known for representing the UK at the 16th Eurovision Song Contest, has died aged 78.The Northern Irish singer was described as “the rock of this family” by her son Sam, who said she died on Friday 18 April. Sam Sorbie wrote: “With a heavy heart, my dear beautiful mum Clodagh has sadly passed away after battling an illness for the last three years. She passed away peacefully yesterday, surrounded by her family in Cobham.”Mum has lived an incredible life, full of love and happiness. Her fantastic career performing, travelling the world, devoting her life to…

Every Tuesday in our Money blog, we answer questions about your financial problems or consumer disputes. This week, a reader asked what her rights were after Ryanair refused to pay her expenses after cancelling her flight.Elaine asked: “My flight from Cork to La Rochelle was cancelled due to a storm. I had to book a hotel and fly to a different destination, and Ryanair is refusing to pay for all my expenses. Are you able to help me?” Our Money live reporter Jess Sharp says…When Elaine got in touch with Money, she also told us that there wasn’t another flight…

Crime syndicates behind a multibillion-pound cyber scam industry are expanding globally as governments in South East Asia struggle to contain them, a UN report has warned.As they expand business, countries in South America, Africa and Eastern Europe are now being targeted, the United Nations Office on Drugs and Crime (UNODC) said. The networks and gangs have emerged in South East Asia in recent years, in sprawling compounds housing tens of thousands of people, many trafficked and forced into work, scamming victims abroad.Sky News previously reported on one of these compounds, and the workers who were tricked, trafficked and forced into…

Forty years on from the film that made them immortal, there are just 303 DeLorean cars left on Britain’s roads.To mark the anniversary of Back To The Future, released in 1985, online auction platform Collecting Cars nabbed the latest figures on their use from the Driver and Vehicle Licensing Agency. In addition to the 303 taxed for use on Britain’s roads, another 114 have statutory off-road notification – meaning they are likely gathering dust in garages.Just four years before the film’s release, 9,000 DeLorean DMC-12s rolled off the company’s assembly line in Dunmurry, Northern Ireland.But the company collapsed into insolvency…

DHL Express is suspending some shipments to the US as Donald Trump’s new tariff regime takes effect.From 21 April, shipments worth more than $800 (£603) to US consumers from “any origin” will be temporarily suspended. New rules that came into effect at the start of April made such shipments subject to increased customs checks.”This change has caused a surge in formal customs clearances, which we are handling around the clock,” said the parcel delivery service.Shipments going from business to business worth more than $800 aren’t affected by the suspension, but DHL warned they may also face delays. Shipments under $800…