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Motor Fuel Group-owner plots sale of stake in £7bn petrol retail empire
The private equity backer of Motor Fuel Group (MFG), one of Britain’s biggest petrol forecourt empires, is exploring the sale of a stake in a deal that could value it at about £7bn.Sky News has learnt that Clayton Dubilier & Rice (CDR), which has built MFG from a mid-sized industry player over the course of …
Business
Business Live
‘Real Housewife’ and fintech founder ditches UK – and she’s taking her castle with her
The owner of a £6m castle in Kent has revealed that plans for a credit fintech, which would have employed numerous UK workers, were scrapped due to the changes in non-dom status introduced by Chancellor Rachel Reeves, whom she dubbed “Reckless Reeves”. Ann Kaplan Mulholland, a reality TV personality and entrepreneur, has held non-dom status …
Business
Business Live
Bristol opticians relocates after nearly 30 years in old city
An independent Bristol opticians has relocated to new premises after nearly 30 years in the old city centre. Bramley Pope opened on St Stephens Street in 1997, catering for people working in central Bristol or in nearby offices. The company was established by Philippa Bramley and her friend Roger Pope, whose London-based optician was granted …
Business
Sky News
Cash-strapped Thames Water launches appeal over bill limits
Crisis-hit Thames Water has launched a bid to charge its customers more over the next five years than the industry regulator will allow, arguing it has been unfairly treated.Britain’s biggest household supplier, which is in a battle for survival as it grapples a £19bn debt pile, had sought a 53% hike to bills from 2025-30. …
Business
Sky News
NHS could have own non-brand baby formula: Watchdog advocates sweeping changes for struggling parents
Regulators have proposed sweeping changes for the baby formula industry, saying high prices and branding are leading to “poor outcomes” for parents.The Competition and Markets Authority (CMA) found many brands cost more than the weekly value of people’s benefits, leading some parents to forgo food to buy formula. The report was released nearly two years …
Business
Sky News
Is the Bank of England running out of gold?
Deep under the Bank of England, in a network of vaults into which cameras are rarely admitted, sits the world’s second biggest known trove of gold.Once upon a time the Bank’s vaults stored bullion owned by the Crown but these days they serve mostly as a repository for other central banks and private banks that …
Business
Sky News
First-time buyers up by a fifth, major bank says
The number of first-time buyers rose by almost a fifth last year, according to data from Halifax.The bank said 2024 saw 341,068 people buy their first properties, up by 19% from 2023. While the figures are a rebound from 2023’s 22% drop, they are not as high as they were in 2022.That year saw 367,870 …
Business
Sky News
Merlin Entertainments dives into sale of aquarium assets
The world’s biggest theme park operator has begun exploring a sale of some of its aquarium assets as it seeks to prioritise investment in its biggest international sites.Sky News has learnt that Merlin Entertainments, which is jointly owned by the private equity giant Blackstone and the investment vehicle of the family behind the Lego dynasty, …
Business
Sky News
Unilever delivers blow to chancellor with ice cream snub
Unilever, the London-based consumer goods giant, has revealed it is to demerge its sprawling ice cream business with a primary stock market listing in Amsterdam later this year.The announcement, alongside its 2024 results, will be seen as a blow for the chancellor who had reportedly lobbied the company to make the case for London, where …
Business
Business Live
Commuters say their area is ‘overlooked and disregarded’ by station rebuild plans
Commuters travelling from Southport to Manchester have raised concerns that the proposed expansion of Manchester’s Oxford Road station could leave their area “a desert”. According to campaigners, the Southport line has been “overlooked and disregarded” in Network Rail’s development plans. The ongoing consultation for the station’s remodelling includes reducing platform numbers from four to three …
Business
Sky News
Why Downing Street’s relief over economy may be temporary
Yes there are all sorts of provisos.The UK economy is still flatlining. A 0.1% expansion is about as close as you can get to zero. Gross domestic product per head – a better measure of our living standards – is shrinking (indeed, it’s been shrinking for two quarters). And the UK remains far weaker than …
Business
Sky News
Sub-postmasters still going through hell, says Sir Alan Bates
The government is continuing to put Post Office victims through “hell” in their fight for redress, Sir Alan Bates has told Sky News.More than 240 former sub-postmasters are still waiting for financial compensation years after they won their High Court battle. Sir Alan’s comments come after another former sub-postmaster, Terry Walters from Wilmslow in Cheshire, …

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