Business

Britain's biggest banks are to halt billions of pounds in dividends to shareholders to free up more cash for the economy in the wake of the coronavirus crisis.

The coronavirus pandemic has resulted in the FTSE 100 marking its worst quarter since 1987.

UK shoppers spent an extra £1.9bn stockpiling groceries in the run-up to the coronavirus lockdown, according to figures for the industry.

The world's biggest pharmaceutical company is confident it has a COVID-19 vaccine and has told Sky News it wants to make it available on a not-for-profit basis.

It has been the worst quarter for world stock markets since the final three months of 2008.

Global stock markets are making further tentative gains on hopes the economic disruption from the coronavirus pandemic will be weaker than some estimates fear.

RateSetter, one of Britain's biggest peer-to-peer (P2P) lenders, is exploring a sale or merger amid a funding squeeze exacerbated by the coronavirus pandemic.

More than 90% of passenger airliners in the UK have been grounded as demand for air travel has plummeted, Sky News can reveal.

Several cabinet ministers are overhauling their departments' boards of directors under a programme authorised by Boris Johnson that may also see the government appointing an independent lead non-executive for the first time.

Ministers have flown in a leading accountancy firm to advise them on rescue requests from airlines and airport-owners that could cost taxpayers billions of pounds.