Author: SKYNEWS

The Chinese fast fashion giant Shein appears to be moving towards London, rather than New York, for its planned stock market listing.On the face of it, this would be an enormous fillip for London, especially given the soul-searching last year over its attractiveness after a clutch of big UK and Irish companies moved their main stock market listing to New York. Money blog: Rolex increases prices – here’s how much one will set you backThere will doubtless be some degree of cynicism about Shein’s decision to list in London, rather than New York. It will be suggested, for example, that…

The stock market influencer behind the so-called meme stock frenzy of 2021 has triggered a fresh surge in shares of GameStop, the struggling US videogame retailer.Keith Gill, who goes by the name Roaring Kitty online, revealed a $116m (£90.8m) position in GameStop on Sunday. Gill told his followers he controlled 1.8% of GameStop’s available stock – a holding of five million shares – plus call options that gave him the right to buy more later this month.Money latest:HSBC announces mortgage rate increasesA return to his Reddit account last month, for the first time in three years, was credited then for…

What are your rights if you’ve returned an item by post and the company says they never received it? Or if your delivery never turned up in the first place?Money blog reader Lee asked: “I purchased two pairs of shorts from Nike a year ago. I shortly after returned them for a refund as they didn’t suit me. Nike are saying I can’t be refunded due to them not receiving the returned items. Even though I have supplied the Royal Mail proof of postage.” We asked consumer rights champion Scott Dixon, also known as The Complaints Resolver, to answer this…

Wholesale costs for natural gas have hit their highest levels across Europe since December last year after key Norwegian export operations were shut down due to a cracked pipe.The damage, discovered aboard the Sleipner Riser platform, prompted wider energy infrastructure to be halted including the Nyhamna processing plant which exports gas to the UK, pipeline operator Gassco said. Alfred Hansen, the company’s head of pipeline system operations, told the Reuters news agency: “This has big consequences from a supply perspective.”Money latest:First direct flight to Vegas from the North launchesHe added that while there were options for bypassing Sleipner, they were…

Virgin Atlantic has announced it will resume flights between London Heathrow and Israel after it suspended them after the beginning of the conflict with Hamas.From 5 September it will operate a daily flight in each direction. Many carriers suspended flights to Israel in October last year after Hamas militants rampaged across the border with Gaza, sparking the nearly eight-month war.Wizz Air resumed operations in March, with British Airways doing the same in April.But easyJet has extended its suspension of flights to Israel until at least late October. Virgin Atlantic also announced a new codeshare partnership with Israel’s El Al, aimed…

A contraceptive gel that men rub on their shoulders to lower their sperm count is safe, effective and starts working more quickly than other similar methods, new research shows. The gel lowered men’s sperm count to the threshold deemed effective for contraception within eight weeks on average – faster than the nine to 15 weeks seen with male contraceptive injections. This could make the birth control choice more attractive to men, according to researchers from the Contraceptive Development Programme at the US National Institutes of Health (NIH).The 222 men who took part in the trial rubbed 5ml – about a teaspoon…

Colin Gibb, a founding member of the novelty pop group Black Lace, has died aged 70.The band were best known for their hits Agadoo, Superman and Do The Conga, which were staple songs at summer discos across the UK throughout the mid-1980s.They also performed in the 1979 Eurovision Song Contest, finishing in seventh place.Gibb’s wife Sue Kelly announced his death on Facebook, writing: “It is with heartbreaking news that I am letting you all know my dearest husband Colin Gibb died this afternoon.”I love you Colin, spent 22 years living your Agadoo dream, we were due to retire to Spain…

An early backer of TransferWise, the London-listed foreign exchange app, is investing in an artificial intelligence start-up which aims to give rights-holders more control over how their work is used.Sky News understands Human Native AI will announce this week it has secured close to £3m from investors led by LocalGlobe and Mercuri. The new funding will be used to help the London-based company, which was launched in April, build its workforce and marketing capability.It was founded by James Smith and Jack Galilee.Human Native AI, which has already signed up customers including Mumsnet and Reach, the publisher of The Daily Mirror,…

A woman who was told she was simply drunk on the multiple occasions she showed up at hospital with slurred speech and extreme tiredness has been diagnosed with auto-brewery syndrome.The 50-year-old visited hospital seven times, only to be discharged with a diagnosis of being drunk – despite saying she had not been drinking – before she was correctly diagnosed with the condition. Auto-brewery syndrome is a condition which sees fungi in the gut create alcohol through fermentation.In April, a 40-year-old Belgian man was cleared of drink-driving after doctors diagnosed him with the extremely rare condition.Those with the condition can have…

Actor Toby Jones has hailed former sub-postmaster Alan Bates a “hero” after playing him in a drama which has been credited with raising awareness of the Post Office scandal.Bates tenaciously led the campaign for justice for the hundreds of sub-postmasters who were wrongly convicted of theft and false accounting because of a faulty IT system called Horizon. Many more lost their homes, livelihoods and good reputations to repay non-existent shortfalls. Image: Former sub-postmaster and lead campaigner Alan Bates. Pic: PA The four-part ITV drama Mr Bates Vs The Post Office brought the story – which has been called the largest…