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Sky News
BT Pension Scheme wins tussle over stake in asset manager Hermes
Britain’s biggest private sector retirement scheme has won a tussle over the value of its remaining stake in Hermes, the prominent City asset manager.Sky News has learnt that Federated Hermes, the Pittsburgh-based group which bought 60% of Hermes in 2018, has agreed to pay the BT Pensions Scheme about £115m for a further 29.5% shareholding. …
Business
Sky News
US government launches formal investigation into Tesla’s Autopilot
The US government has launched a formal investigation into Tesla’s Autopilot driving system over concerns it has difficulties identifying parked emergency vehicles.Almost every car Tesla has sold in the US since the start of the 2014 model years will be affected by the probe – an expected 765,000 vehicles. The US National Highway Traffic Safety …
Business
Sky News
Afghanistan is one of the poorest countries in the world – now things could get even worse
The Taliban, having taken over Afghanistan, will inherit an economy that is among the world’s most ramshackle.That may surprise many given the billions of dollars spent by the United States and its allies in the country during the last two decades.Afghanistan live updates: All the latest as the Taliban establish new government Image: Growth slowed …
Business
Sky News
Cobham eyes potential disposals after agreeing £2.57bn Ultra takeover deal
Military technology supplier Ultra Electronics faces a potential disposal of part of the business after agreeing to a £2.57bn takeover by US-owned defence group Cobham – a deal being closely scrutinised by the government.Cobham said it would seek to agree legally-binding commitments with the government to safeguard UK national security and jobs as part of …
Business
Business Live
Works starts on new Sandvik Coromant head office
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Business
Evening Standard
Future shares rise after £300 million deal to acquire The Week publisher
Acquisition-hungry media group Future saw shares rise by as much as 6% on Monday morning after it revealed it had inked a £300 million deal to snap up a host of titles including current affairs magazine, The Week.The deal to acquire Dennis Publishing will help Future, already behind 200 titles including Marie Claire, significantly increase …
Business
Evening Standard
Ultra Electronics board backs takeover after UK interests legal deal
Defence firm Ultra Electronics today formally backed a £2.6 billion takeover after its private equity-owned suitor Cobham agreed to make a series of legally binding commitments to protect UK interests.The agreement with Cobham, which itself was bought for £4 billion by Boston-based Advent International last year, covers undertakings on national security and safeguarding and creating …
Business
Business Live
Maurice Watkins CBE: Director who brought Sir Alex Ferguson to Manchester United dies
Business
Business Live
Funding instrument for seafood industry body under scrutiny in major strategic review
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Business
Business Live
SPONSORED: Last chance to enter the Western Morning News Business Awards
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Business
Business Live
Inside India Buildings as four-year renovation project completes and HMRC staff move in
Business
Sky News
Regulator asks for power to shut down ticket resale websites that break rules
Ticket re-sale sites such as viagogo and Stubhub should face a tough new licensing regime which could see companies that break the rules shut down, the UK competition watchdog has said.The Competition and Markets Authority (CMA) said it had taken strong action in recent years to protect customers but there was a limit to what …

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