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Sushi group YO! to change name ahead of float
The owner of the sushi restaurant chain YO! is changing its name to reflect the rapid growth of its US operations as it weighs plans for a stock market listing.Sky News understands that the group best-known in Britain for its sushi conveyor belts has appointed bankers at Numis to advise on its strategic options. The …
Business
Sky News
Serco sees profit boosted by more demand for Test and Trace services
Outsourcing giant Serco has upgraded its profit guidance as it sees more demand than it previously expected from its contract to run some of the government’s Test and Trace services.Shares rose 5% after the group said it now saw these services continuing for longer in the second half of the year than it had anticipated. …
Business
Sky News
Why Shell could be making $10bn exit from US shale operations
Life moves fast at Royal Dutch Shell these days.Just three weeks ago, the oil and gas giant was ordered by a Dutch court to cut its carbon emissions more rapidly than the company itself had been planning to. Shell’s chief executive, Ben van Beurden, responded last week with a promise that, although the company is …
Business
Sky News
Stobart Air-owner to raise £120m from airport stake sale to Carlyle
The struggling parent company of Stobart Air, which collapsed at the weekend, is in advanced talks to raise £120m from the sale of a stake in London Southend Airport.Sky News has learnt that Esken Group has agreed a deal to sell a 30% interest in the Essex airport to Carlyle, the private equity giant. City …
Business
Sky News
COVID roadmap delay, online car auctions and the rise in restaurant meal kits
Ian King discusses the effect of the expected delay in the final easing of coronavirus restrictions. Plus, hear from a company that’s raised almost £50m to fund the expansion of its used car online marketplace, while we also look at the rise of restaurant meal kits.:: Listen and subscribe to The Ian King Business Podcast …
Business
Sky News
Businesses pleas for COVID taxpayer aid to be extended set to be rejected
Chancellor Rishi Sunak is set to reject calls to bolster taxpayer support for businesses in line with a delay to coronavirus Freedom Day, according to a Treasury source.PM Boris Johnson is tipped to confirm on Monday evening that the timing for an end to all COVID-19 restrictions will slip beyond the 21 June date originally …
Business
Sky News
Ted Baker puts brave face on pandemic sales slump
Ted Baker, the formal and occasion wear retailer, has reported a slump in annual sales during the coronavirus pandemic but argued it is now better placed to navigate continuing disruption.The fashion chain reported a deepening pre-tax loss of £107.7m for the year to the end of January on the back of a £77.6m sum in …
Business
Sky News
Carlos Ghosn escape: Special forces veteran and son admit role in Japan flight
A US special forces veteran and his son have admitted illegally helping ex-Nissan boss Carlos Ghosn flee Japan ahead of his trial on financial misconduct charges.Michael and Peter Taylor, who were extradited to Japan in March at the request of the Japanese authorities, admitted roles at their first appearance in court during which prosecutors outlined …
Business
Sky News
Air passenger numbers collapse – but which airports saw the biggest decline?
Passenger numbers plummeted by 223 million last year, as a result of the COVID-19 outbreak, new figures show.Only around 74 million people travelled through UK airports in 2020 – less than a quarter of the 297 million from the year before, data from the Civil Aviation Authority reveals. The airport which saw the largest drop …
Business
Sky News
Johnson expected to approve ‘inevitable’ delay in lockdown lifting
Boris Johnson is expected to agree to the delay of lockdown easing in England and, according to a new poll, just over half of the UK public is backing the move.The lifting of the last remaining coronavirus restrictions had been planned for 21 June under the government’s road map.But, due to concerns about the rapidly-spreading …
Business
Sky News
Ireland’s flag carrier airline cancels several regional flights
Aer Lingus has announced a number of regional flights have been cancelled after one of its operators ceased trading. The Irish airline was forced to cancel several flights from Dublin and Belfast City airports to UK cities after Stobart Air collapsed on Friday night. Those who have booked flights are advised not to go to …
Business
Sky News
Branson plots $3bn merger to take Virgin Orbit on to US stock market
Sir Richard Branson is in advanced talks about a multibillion dollar merger to take Virgin Orbit, his satellite launch company, on to the US public markets.Sky News can reveal that Virgin Orbit is close to finalising a deal to combine with NextGen Acquisition II, a special purpose acquisition company (SPAC) set up by George Mattson, …

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