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Sky News
Tinkler in stock market comeback with nmcn rescue deal
Andrew Tinkler, the former Stobart Group chief, is preparing to mount a public company comeback with a deal to rescue nmcn, the London-listed infrastructure services provider.Sky News has learnt that Svella, a corporate vehicle set up by Mr Tinkler and his former Stobart colleague Ben Whawell, is in advanced talks to provide tens of millions …
Business
Sky News
Travel restrictions are a ‘trade-off’ and holidays as normal ‘was never going to be the case’
Foreign holidays as normal this summer “was never going to be the case”, Justice Secretary Robert Buckland has said as he defended the government’s COVID travel policy.Mr Buckland said “significant trade-offs” have had to be made to ensure COVID cases are kept down, with international travel restricted to “prevent inadvertent spread of new variants of …
Business
Business Live
North East company signals growth ambitions with £100m acquisition plan
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Business
Sky News
Refugees are more likely to be self-employed in the UK. This scheme gives them business training
A pilot scheme which helped 112 refugees with business start-up training has been extended. Funded by the Home Office and the National Lottery Community Fund, the scheme supports refugees for a year, taking them from the idea stage to business launch. After its success, three of the four bodies who delivered the workshops have secured a …
Business
Sky News
Morrisons rejects ‘significantly undervalued’ £5.5bn takeover bid
Morrisons has rejected a takeover bid from a private equity firm, saying the £5.5bn value “significantly undervalued” the supermarket chain.It came after Sky News earlier reported the approach from one of the world’s biggest buyout firms, Clayton Dubilier & Rice (CD&R). In a statement, the supermarket chain said: “The board of Morrisons evaluated the conditional …
Business
Sky News
Planning reforms are bulldozing Conservative support
Prime Minister Boris Johnson is under pressure to abandon planning reforms after Conservatives at national and local level blamed them for the party’s shock defeat in the Chesham and Amersham by-election.Liberal Democrat candidate Sarah Green overturned a 16,000 Conservative majority to win the seat by 8,000 votes in a contest triggered by the death of …
Business
Sky News
Buyout giant considers £5.5bn bid for supermarket chain Morrisons
One of the world’s biggest buyout firms is weighing a spectacular £5.5bn takeover bid for Wm Morrison, Britain’s fourth-largest supermarket chain by market share.Sky News has learnt that Clayton Dubilier & Rice (CD&R) is in the early stages of evaluating an offer for the grocer, a move that would send fresh shockwaves through the UK’s …
Business
Evening Standard
British Steel pension scandal adviser banned from being a director for 13 years
Darren Reynolds, boss of Active Wealth, the financial advice firm famed for its involvement in the British Steel pension transfer debacle, has been banned from acting as a director for 13 years after losing clients £24 million.Reynolds, 51, advised hundreds of clients on the best way to invest their pension funds and, following his advice, …
Business
Evening Standard
It’s both good and bad that activist investors are swarming into London
Talk to any M&A banker and they’ll tell you three things: private equity will keep buying up FTSE-250s, IPOs won’t be back till autumn and we ain’t seen nothing yet from activist investors.We’ve had ups and downs in the first two before, but the recent surge of activism in the UK is something new and …
Business
Business Live
100 jobs created at Howdens as post-lockdown home renovation drives demand
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Business
Business Live
C4DI collaboration is music to the ears of Hull’s tech hub
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Business
Business Live
Dragons’ Den star signs up for ambassador role with charity
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