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Evening Standard
Cinven snaps up True Potential in £2.5 billion deal
PRIVATE equity giant Cinven is close to a £2.5 billion deal to buy True Potential, a wealth manager that is seen as a serious rival to Hargreaves Lansdown and AJ Bell.Founded and run by a father and son team, True Potential sells its investment platform to financial advisors across the UK and direct to the …
Business
Evening Standard
Monzo taps ex-Purplebricks CFO James Davies to lead finances as recovery continues
Digital bank Monzo has poached its new finance boss from outside the banking industry, tapping up the former chief finance officer of Purplebricks.Staff were told on Tuesday that James Davies will join as CFO later this month. Davies is currently the finance chief of household repairs and insurance group Domestic & General. Prior to that …
Business
Business Live
Home Group secures £125m funding linked to sustainability targets
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Business
Business Live
Hull Kraken helps pull in 2.4m visitors to city as £30m maritime project progresses
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Business
Sky News
Revealed: Ministers bowed to pressure to drop key climate commitments for UK trade deal with Australia
Ministers agreed to bow to pressure from Australia to drop binding commitments to the Paris climate change agreement from the UK-Australian trade deal, a leaked government email obtained by Sky News has revealed.Liz Truss, the trade secretary, and Kwasi Kwarteng, the business secretary, decided the government could “drop both of the climate asks” from the …
Business
Business Live
Bath organisation ships hand-cranked washing machines to refugee camps in Iraq
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Business
Business Live
Anglesey’s Huws Gray group announce latest builders’ merchants acquisition
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Business
Sky News
Boeing board to face investor lawsuit over 737 MAX oversight ‘lies’ before crashes
Boeing has revealed it is “disappointed” after a US judge granted shareholders a lawsuit over the two fatal 737 MAX crashes that led to the fleet being grounded globally for almost two years.Vice Chancellor Morgan Zurn, sitting in the Court of Chancery, ruled the directors could face claims related to the oversight of the plane’s …
Business
Sky News
Morrisons takeover battle heads for auction ahead of October investor vote
The takeover battle for Morrisons is on course to go to auction in the coming weeks after a bidding war failed to settle its future ownership.The UK’s fourth-largest supermarket chain said on Wednesday that it was in talks with the two US private equity suitors and the Takeover Panel, which governs takeover deals, regarding an …
Business
Sky News
Halfords reports uphill climb for cycling sales as supply chain disruption bites
Halfords has become the latest big name company to report a hit to sales from supply chain disruption, warning its struggles may take time to overcome.The bikes-to-car parts and servicing retailer said like-for-like cycling sales were down by almost 23% in the 20 weeks to 20 August compared to the same period last year. It …
Business
Sky News
Amazon moves to defend UK tax contribution after bonanza COVID crisis sales
Amazon has defended its contribution to the UK economy as 2020 accounts show its UK support arm paid £18.3m in corporation tax as coronavirus crisis demand meant total group revenues passed £20bn in the country.The online retail giant said it handed £492m directly to the UK taxman last year – up from £293m in 2019 …
Business
Euro News
First space, now immortality: Jeff Bezos reportedly invests in an eternal life start-up

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