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F1 simulator chain on pole position for £100m financing boost
An operator of Formula One driving simulators is raising £100m to fund its expansion in a financing round backed by the sport’s owner.Sky News has learnt that F1 Arcade is close to finalising the new debt facility with Liberty Media, the British challenger bank Oaknorth and Cheyne, an investment fund. City sources said on Wednesday …
Business
Euro News
German car giant VW to invest billions in Tesla rival Rivian
Business
Evening Standard
Deliveroo shares rise on reported takeover interest from US rival
Shares in Deliveroo have been given a boost after reports of takeover interest from US rival DoorDash.The takeaway delivery giant saw shares jump as much as 7% in morning trading on Wednesday amid speculation that the group is in the sights of the San Francisco-based competitor.Deliveroo was reportedly approached by DoorDash last month over a …
Business
Evening Standard
Avanti West Coast says fleet overhaul means ‘much-improved travel experience’
Britain’s biggest train fleet refurbishment will give passengers “a much-improved travel experience”, according to Avanti West Coast.The operator said the 56th and final modernised Pendolino train has returned to service.The £117 million refurbishment project was carried out by manufacturer Alstom at its plant in Widnes, Cheshire.This has involved the installation of 25,000 new seats, a …
Business
Sky News
Post Office Horizon expert admits seeing legal advice on trial obligations
A key figure behind the flawed IT system that led to hundreds of sub-postmasters being wrongly jailed has told the Post Office inquiry he had “not remembered” legal advice he was given about his obligations as an expert witness.Former senior Fujitsu engineer Gareth Jenkins was crucial in the prosecutions process because he was one of …
Business
Sky News
Post Office expert admits seeing trial obligation legal advice
A key figure behind the flawed IT system that led to hundreds of sub-postmasters being wrongly jailed has told the Post Office inquiry he had “not remembered” legal advice he was given about his obligations as an expert witness.Former senior Fujitsu engineer Gareth Jenkins was crucial in the prosecutions process because he was one of …
Business
Evening Standard
Revolution Beauty eyes makeover as it draws line under ‘challenging two years’
Cosmetics brand Revolution Beauty has revealed it returned to a yearly profit as it sets its sights on a makeover under new management following a turbulent two years.The company said it has drawn a line under the issues of the past, which included a dispute with its former boss and a spat with its shareholder …
Business
Evening Standard
AO World sets sights on sales growth after annual profits jump
Online electricals retailer AO World has revealed that annual profits almost trebled despite falling sales and said it plans to bounce back with double-digit revenue growth over the year ahead.The group cheered an “outstanding” performance as it reported a 186% surge in underlying pre-tax profits to £34.3 million for the year to March 31.The result …
Business
Euro News
Airbus shares tumble amid surprise outlook downgrade
Business
Euro News
Spain cuts sales tax on olive oil as shoppers baulk at rising prices
Business
Euro News
London Tunnels delivers blow to the City as it opts for Amsterdam IPO
Business
Sky News
Royal Mail takeover to land advisers £130m fee bonanza
Advisers working on the controversial takeover of Royal Mail’s parent company are in line for a fee bonanza worth more than £130m.Sky News has learnt that International Distribution Services (IDS) and its would-be owner, a vehicle owned by Czech billionaire Daniel Kretinsky, will fork out the lavish sum to bankers and other professional services firms. …

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