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Sky News
Montgomery-backed Local TV swoops on Lebedev’s London Live licence
A television network majority-owned by David Montgomery, the media entrepreneur, is to snap up the licence to operate a London-focused TV station from Lord Lebedev, owner of the capital’s weekly Standard newspaper.Sky News has learnt that Local TV Ltd, which was acquired by Mr Montgomery in 2017, is close to announcing a deal to buy …
Business
Business Live
North East entrepreneurs join forces to launch new business venture
Two North East entrepreneurs have joined forces to create a new networking business that aims to bring business owners and leaders together. Paul Lancaster, founder of UK Startup Week and the monthly Platform events, has teamed up with well known tech investor Neil Stephenson to launch Stellar Business Events, a Sunderland based networking and events …
Business
Sky News
Inside Europe’s biggest vertical farm which could dramatically increase food production
Outside it is the bleak midwinter. We are smack bang in the middle of some of the country’s best agricultural land.But inside the cavernous warehouse where we’ve come, you wouldn’t have a clue about any of that: there is no daylight; it feels like it could be any time of the day, any season of …
Business
Sky News
Shawbrook aims to kickstart London IPO market with £2bn float
The owners of Shawbrook Group, the mid-sized British lender, are drawing up plans to kickstart London’s moribund listings arena with a stock market flotation, valuing it at more than £2bn.Sky News has learnt that BC Partners and Pollen Street Capital, which took Shawbrook private in 2017, are close to appointing Goldman Sachs to oversee work …
Business
Business Live
People on the move: key North East appointments and promotions
Durham law firm Swinburne Maddison has made seven new appointments to its growing team. New appointments include Rebecca Logue who joins as associate solicitor from another regional law firm, and Carole Gwynn who joins in a newly created role as legal director. Alex Siddle, who joined Swinburne Maddison in October 2021 as a paralegal in …
Business
Sky News
SME lender Tide rises to challenge with new fundraising
Tide, the business banking services platform, has hired advisers to orchestrate a fresh share sale as it pursues rapid growth in the UK and overseas.Sky News understands that Tide has been holding talks with investment banks including Morgan Stanley about launching a primary fundraising worth in excess of £50m in the coming months. The share …
Business
Business Live
Peel Ports sees profit drop but Whittaker family dividends rise amid challenging market conditions
The billionaire Whittaker family and fellow shareholders at Peel Ports have seen an increase in their dividends despite a significant reduction in profit at Britain’s second-largest operator. The Liverpool-based group distributed a dividend pot of £153.9m in the year to 31 March, 2024, up from £138.9m in the previous year. Companies House filings also reveal …
Business
Sky News
Trump tells UK to ‘get rid of windmills’ as he warns of ‘very big mistake’
Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”.In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North Sea, a major oil-producing …
Business
Sky News
Hammond-backed outsourcer Amey among bidders for £300m Telent
An outsourcing group backed by Lord Hammond, the former chancellor of the exchequer, is among the suitors circling Telent, a major provider of digital infrastructure services.Sky News has learnt that Amey, which endured years of financial difficulties before being taken over by two private equity firms in 2022, has tabled an indicative offer to buy …
Business
Evening Standard
Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.British factory output contracted at the fastest rate in 11 months in December, amid concerns about rising taxes on business from last …
Business
Business Live
Apprenticeships created through Swansea Bay City Region City Deal lower than expected
The number of apprenticeships being created as part of the City Deal for the Swansea Bay City Region is lower than anticipated, but leaders still aim to meet a target of 3,000. The £1.3bn deal (which includes leveraged private sector finance) consists of nine projects, eight of which focus on the digital sector, construction, energy, …
Business
Business Live
Shipyard operator A&P Group toasts strong order book despite dip in turnover
Shipyard operator A&P Group has highlighted a strong order book for its Tyneside and Falmouth bases, after seeing profits and turnover fall in latest accounts. The ship repair, building and marine engineering specialist saw sales drop in the year ended March 31 2024 from £100.2m to £86.95m, while pre-exceptional operating profit was £4.73m, up from …

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