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Sky News
Metro Bank focuses on standalone future as takeover talks fall through
Metro Bank shares have fallen back sharply after a US private equity firm said it had ended its interest in a takeover.Carlyle’s talks over a possible offer were revealed by the bank earlier this month – sending Metro’s shares up by almost a third. Its market value plunged by 16% on confirmation negotiations had ended, …
Business
Business Live
Goldman Sachs buys The Belfry
Famous golf course and hotel resort The Belfry has been sold. Goldman Sachs Asset Management and Cedar Capital Partners have teamed up to buy the site near Sutton Coldfield from KSL Capital Partners in an undisclosed deal. The Belfry has three 18-hole golf courses and has hosted the Ryder Cup four times – more than …
Business
Evening Standard
Royal Mail posts £6bn of sales thanks to online shopping boom
Royal Mail revenues raced past £6 billion in the last six months as the online shopping boom continued to transform the formerly struggling business.Lockdown was good for the Royal Mail, as posties became one of the heroes of the pandemic.While the letters arm remains in structural decline – it is down 60% since 2004 – …
Business
Sky News
Royal Mail rewards investors with £400m payday after COVID boost to parcels
Royal Mail is to hand shareholders a £400m reward after its parcels business benefited from a surge of online orders during the coronavirus crisis.The company announced a share buyback of £200m and £200m special dividend while revealing a leap in half-year group profits on the back of a 7% rise in revenue to just above …
Business
Euro News
Beaujolais Nouveau: Banana-flavoured bargain or blight on a serious winemaking region?
Business
Euro News
Bitcoin and other cryptos have slumped after record highs. Is market manipulation the reason why?
Business
Evening Standard
Pret USA reveals brand facelift playing up chain’s ‘London touch’ to Americans
Pret has unveiled a rebranding for its US coffee shops that emphasises the chain’s London “touch” in a bid to appeal to American consumers’ love of the capital. Pret’s American cafes will soon be fitted out with the new “Pret: London 1986” logo. Bosses said the new logo aims to “champion” the brand’s London heritage.The …
Business
Sky News
Greggs vegan sausage roll hit by supply chain disruption
Greggs has admitted that its vegan sausage rolls are being hit by supply chain disruption.The bakery chain had already acknowledged that it was not immune to the economy-wide problems getting goods to shelves, but boss Roger Whiteside declared last month that “the sausage roll is safe”. But now, in response to a query from the …
Business
Evening Standard
UK inflation: Cost of living blow as prices surge
Millions of families were today warned of a “painful” cost of living squeeze over the winter after the rate of inflation surged to its highest level for a decade.The Consumer Prices Index — the headline measure of inflation — jumped from 3.1 per cent to 4.2 per cent in October, more than twice the Bank …
Business
Euro News
Staples Center is changing its name to Crypto.com Arena in the biggest naming rights deal in history
Business
Sky News
Early Revolut investor Balderton plots stake sale after value hits $33bn
One of the earliest investors in Revolut is plotting the sale of a stake that could net it a windfall running into hundreds of millions of dollars.Sky News has learnt that Balderton Capital, one of Europe’s leading venture capital investors, has hired bankers to offload at least part of its holding in the digital bank. …
Business
Evening Standard
Amazon to ban Visa credit cards in the UK from January
A row broke out between Amazon and Visa today over the use of credit cards on the internet giant’s website.Amazon today said it would stop taking payments from Visa credit cards issued in the UK, citing the high cost imposed by the card company.An email to customers said: “Starting 19 January, 2022, we will unfortunately …

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