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Sky News
Private equity suitors aim to wrap up £2bn parcel delivery group Evri
A pack of trade and private equity suitors are circling Evri, one of Britain’s biggest parcel delivery companies.Sky News has learnt that Apollo Global Management and Platinum Equity are among the parties which have lodged initial offers for Evri, which is reportedly worth around £2bn. City sources said that a number of strategic bidders were …
Business
Business Live
Associated British Ports’ Humber chief to step down
The regional director of Humber port operator ABP is to step down in the autumn, the company has announced. Simon Bird has been in post for nine years leading the ABP Humber Ports complex which is said to be the UK’s busiest trading gateway with four ports of Immingham, Grimsby, Goole and Hull handling more …
Business
Sky News
Blackstone swoops for stake in Theatreland giant ATG
Blackstone, one of the world’s biggest private equity firms, is in advanced talks to buy a stake in Ambassador Theatre Group (ATG), the owner of some of the most famous playhouses in London’s West End.Sky News has learnt that Blackstone, which manages more than $1trn (£790bn) in assets, is close to snapping up a minority …
Business
Evening Standard
Tourists urged to avoid car hire company over ‘serious issues’
Holidaymakers are being urged to avoid a car hire company ranked last in a customer satisfaction survey.Goldcar, which operates in countries such as Spain, Portugal, France and the US, achieved an overall score of 52% in the annual report by consumer group Which?It was awarded just two stars out of a possible five for value …
Business
Evening Standard
Workers at steel giant Tata to strike in protest against job losses
Workers at steel giant Tata are to strike in protest at the company’s plans to close blast furnaces with the loss of jobs.Unite said around 1,500 of its members based in Port Talbot and Llanwern, south Wales, will begin an indefinite strike on July 8.Unite members are already working to rule and banning overtime but …
Business
Evening Standard
FTSE 100 loses ground as UK public debt rises to 63-year high
The FTSE 100 slipped on Friday after official figures showed UK state debt rose to levels not witnessed for more than 60 years in May.The blue-chip index fell 35 points to 8,238 on Friday, a 0.4% fall.Earlier, the Office for National Statistics (ONS) found that public sector net debt as a proportion of UK GDP …
Business
Evening Standard
Three big brands fail Which? sunscreen tests
Three popular sunscreen products have failed an annual safety test by consumer group Which?.Asda Protect Moisturising Sun Lotion SPF30 High, Calypso Press & Protect Sun Lotion SPF30 and Bondi Sands SPF 50+ Fragrance Free Face Sunscreen Lotion all failed the watchdog’s tests to assess their SPF and UVA protection.Asda said it did not recognise the …
Business
Business Live
Revenue falls and losses widen at Leeds’ Getech Group amid restructuring
The chairman of underground resources finder Getech says the business is at a “point of inflection” having undergone a restructuring. Mike Covington said the Leeds-based business has shown significant progress against a challenging backdrop, in newly published 2023 accounts. The oil and gas and minerals exploration company told the London Stock Exchange that revenues had …
Business
Sky News
Steelworkers to hold first UK strike in 40 years
Around 1,500 workers at Tata Steel will hold an “all-out indefinite strike” next month, a union has announced.The industrial action at the company’s sites in Port Talbot and Llanwern, Newport, will begin on 8 July, Unite said. The union said the walkout would “severely impact” the company’s UK operations.It comes in response to plans to …
Business
Sky News
Former union boss denies being ‘too close’ to Post Office
The former head of a union for sub-postmasters has denied it became “too close” to the Post Office and was “flush with money”.George Thomson, formerly of the National Federation of SubPostmasters (NFSP), also denied lacking sympathy for those who were wrongfully convicted during the Post Office scandal, which occurred following faults in the organisation’s Horizon …
Business
Evening Standard
What is the state of the UK economy as the election looms?
Official data has revealed higher Government debt levels and increased retail sales amid a focus on the UK economy in the run up to the General Election.On Friday, the Office for National Statistics (ONS) delivered its final monthly updates for key economic measures before polling day on July 4.Labour and the Conservatives have vowed to …
Business
Euro News
Cashing in? Revolut in talks to sell close to €500 million of existing shares

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