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Playtech chair Mattingley to step down
The chairman of Playtech, the London-listed gambling technology group, is to step down, triggering a search for a successor with a taste for stringent corporate governance challenges.Sky News has learnt that Playtech will announce this week that Brian Mattingley, who has held the role since 2021, is to retire from its board this year. Egon …
Business
Sky News
Theft and violence in UK shops reaches record levels
Retailers have suffered unprecedented annual levels of shoplifting losses and incidents of violence and abuse against staff, according to industry data, although one major chain has told Sky News there are now signs of a fightback.The British Retail Association (BRC) used the publication of its annual retail crime survey, covering the 12 months to April …
Business
Sky News
Fashion retailer Quiz on brink of administration
Quiz Clothing, the troubled fashion business, is close to collapsing into administration days after its shares were delisted from the London stock market.Sky News has learnt that Quiz, which is chaired by the former JD Sports chief Peter Cowgill, is lining up Teneo as administrator in a move expected to take place before the end …
Business
Business Live
British drinkers warned to prepare for higher alcohol prices from next week
From February 1, new duty rates on wine and spirits will be implemented, leading to a price hike for most alcoholic beverages. The introduction of a new sliding scale of duties means that wines with higher alcohol content will see the most significant increases; for instance, the duty on a wine with 14.5% ABV (alcohol …
Business
Sky News
Trump warns Chinese DeepSeek should be ‘wakeup call’ for US AI tech firms
Donald Trump thinks the Chinese startup DeepSeek, which claims it has a technical advantage over US rivals, should be “a wakeup call” for American AI firms.DeepSeek says its artificial intelligence models are comparable with those from US giants, like OpenAI which is behind ChatGPT and Google’s Gemini, but potentially a fraction of the cost. That has …
Business
Sky News
‘First drop’ in house rent prices since before pandemic – but not for London
The average asking price to rent a home outside London has fallen for the first time since before the COVID pandemic, according to a property website.Rightmove credited improved levels of rental properties for the welcome shift, but declared that advertised private rents in the capital continued to tick up, for a 13th consecutive quarter, between …
Business
Sky News
US tech stocks hammered on fears of cheap Chinese AI competition
US tech firms exposed to big artificial intelligence (AI) investments are seeing their shares take a hammering over the emergence of a low-cost Chinese competitor.The likes of Nvidia, Meta Platforms, Microsoft, and Alphabet all saw their stocks come under pressure as investors questioned whether their share prices, already widely viewed as overblown following an AI-led …
Business
Sky News
Luxury yacht-builder Fairline collapses just weeks after sale
One of Britain’s biggest luxury boat manufacturers has collapsed into administration less than two months after it was sold to new investors.Sky News has learnt that Fairline Yachts, which is based in Oundle, Northamptonshire, had fallen into insolvency proceedings after DF Capital, the company’s main lender, triggered the appointment of Alvarez & Marsal (A&M) as …
Business
Sky News
Hobbycraft-owner Modella circles WH Smith high street chain
The owner of Hobbycraft is among a pack of suitors circling WH Smith, the 233-year-old high street chain which has been put up for sale.Sky News has learnt that Modella Capital, whose executives have previously been involved in retailers including Paperchase and Tie Rack, is one of a handful of parties to have held discussions …
Business
Sky News
Robotics firm BOW lands £4m from Northern Gritstone-led group
A producer of robotics software spun out of the University of Sheffield will this week unveil a multimillion-pound fundraising led by the investment vehicle chaired by the former Treasury minister Lord O’Neill.Sky News understands that BOW – which stands for Bettering Our Worlds – will announce on Tuesday a £4m seed round led by Northern …
Business
Business Live
Popeyes and Wingstop announce plans to open dozens of new UK restaurants
Fast-expanding chains Wingstop and Popeyes have both unveiled ambitious plans to broaden their reach across the UK, generating thousands of job opportunities. Popeyes has detailed plans to nearly double its UK presence by launching over 45 new restaurants, as reported by City AM. This expansion will bolster its footprint in cities such as Birmingham, Leeds, …
Business
Sky News
Dentist reveals how you can earn up to £150k – and what he’s really thinking when he’s looking in your mouth
Each Monday, our Money team speaks to someone from a different profession to discover what it’s really like. This week we chat to James Davies, a specialist orthodontist at Quayside Orthodontics in Carmarthenshire and Pembrokeshire…People think my job is… something they would not want to do. Looking in people’s mouths all day! What I’d say to …

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