A New York-listed car dealer is plotting a bid for the UK operations of Inchcape. Sky News has learned that AutoNation, which has a market capitalisation of nearly $7bn (£5.5bn), is among the suitors circling the business since Inchcape confirmed in January it was conducting a strategic review. AutoNation is said to be at the
Business
With the window for April Fool’s Day pranks now closed, we round up some of the more creative and canny jokes. Search and rescue sheep deployed on Dartmoor Anyone getting into trouble while hiking on the Bank Holiday could be aided by a rescue sheep, Dartmoor Search and Rescue Team announced. They are equipped with
The owner of Formula One (F1) motor racing will unveil a £3.5bn takeover of MotoGP’s parent company early this week. Sky News has learnt that Greg Maffei, the president and chief executive of Liberty Media Corporation, is expected to announce the motorsport industry’s most significant corporate deal for years during a trip to Madrid as
This Easter, chocolate lovers will no doubt have noticed they had to pay more for their eggs. Now, the cost of chocolate could soar after changing climate patterns hit cocoa supplies in west Africa. Seasonal dusty winds from the Sahara have been severe in recent months, blocking out the sunlight needed for cocoa bean pods
Adnams, one of the most historic names in British brewing, is to explore an outright sale amid a funding squeeze across the industry which has triggered a growing wave of insolvencies. Sky News has learnt that Adnams has begun contacting prospective investors and buyers after hiring advisers earlier this year to shore up its finances.
The CBI, the business lobbying group, has negotiated an extension of its overdraft in a fresh move to shore up its balance sheet after a year in which it came close to collapse. Sky News has learnt that in recent weeks the CBI and a syndicate of high street lenders have agreed an increase in
More than £1m of unexplained transactions were transferred in to Post Office profit at the height of the Horizon scandal, leaked documents have showed. The papers seen by Sky News show a snapshot of transfers from a Post Office “miscellaneous client” suspense account over a four year period, up to 2014. A suspense account is
The chief executive of Thames Water has refused to rule out bill increases of up to 40% for customers as the troubled company tries to secure its future. It comes as the business, which serves nearly a quarter of the UK’s population, struggles with more than £15bn of debt and the huge interest payments required
Sam Bankman-Fried was breathlessly described as a wunderkind – a boy wonder transforming the world of finance. Renowned for his messy hair and unkempt appearance, he graced the covers of Forbes and Fortune, who pondered whether he could become the next Warren Buffett. The 32-year-old was the founder of FTX, which had quickly become the
The board of Thames Water was locked in crunch talks on Wednesday as shareholders prepare to dilute a pledge to inject funds into the company that would secure its survival. Sky News has learnt that the directors of Britain’s biggest water company met to discuss its financial future after months of talks involving debt and
The first City trader to be jailed for rigging Libor interest rates has lost his appeal against his 2015 conviction. Tom Hayes, 44, a former Citigroup and UBS trader, was handed a 14-year jail sentence – cut to 11 years on appeal – in 2015, which was one of the toughest ever to be imposed
“The Welsh government need to realise that what they’re doing is damaging the industry.” That’s according to Sam Regan, owner and managing director of the Lemon Tree – a hotel and restaurant in Wrexham. The city has gained international attention in recent years as the home of the football club with the Hollywood star owners.
The collapse of the Baltimore bridge has trade implications, with the cost of rebuilding estimated to surpass $600m (£474.12m), experts have told Sky News. Local officials have said Baltimore port in Maryland, the United States – which sees more than a million shipping containers enter and exit every year – is closed for all maritime
Chocolate is among the products placing upwards pressure on grocery inflation in the run-up to Easter, according to closely-watched supermarket data. Kantar Worldpanel, which tracks pricing and market share, reported a further slowing in the pace of price growth across the sector over the four weeks to 17 March. It said the annual rate for
The London-listed leisure group Revolution Bars is plotting the closure of a quarter of its venues as it holds talks with investors about an emergency fundraising and puts itself up for sale. Sky News has learnt that Revolution, which owns Peach Pubs and the Revolucion de Cuba chain, is drawing up plans to axe roughly
Ofgem has launched a discussion on the energy price cap, floating options such as a cap based on things such as vulnerability and when energy is used. The price cap was introduced in January 2019 to prevent people on variable tariffs being ripped off. Initially it was changed a couple of times a year but
- « Previous Page
- 1
- …
- 40
- 41
- 42
- 43
- 44
- …
- 210
- Next Page »