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Sky News
Thames Water bondholders split amid fight to avert nationalisation 
A collection of bondholders in Thames Water are mobilising to protect their interests amid an intensifying battle to avert the company’s nationalisation.Sky News has learnt that Class B bondholders were notified on Thursday they would no longer be part of the same group as the Class A noteholders represented by Jefferies, the investment bank, and …
Business
Sky News
Wagamama-owner seeks to lock in lower interest rates with refinancing
The owner of Wagamama has begun exploring a £300m refinancing as it seeks to reduce its borrowing costs by locking in lower interest rates.Sky News has learnt that The Restaurant Group (TRG), which delisted from the London Stock Exchange last year after being bought by Apollo Global Management, is in talks with banks about securing …
Business
Sky News
Mothercare strikes £30m deal with Indian giant Reliance
Mothercare is closing in on a £30m deal with one of India’s biggest retail groups that will provide the London-listed company with a long-awaited solution to its financial travails.Sky News has learnt that Mothercare, shares in which have been suspended since the beginning of the month, is on the verge of an agreement with Reliance …
Business
Sky News
Energy retailer Ovo poaches Monzo finance chief amid talk of sale
Britain’s fourth-biggest household energy supplier has poached a senior executive from Monzo, the digital bank, as it explores options that could lead to a change of ownership.Sky News understands that OVO has recruited James Davies, who has worked for companies including William Hill and Purplebricks, the online estate agent, to become its new chief financial …
Business
Business Live
GB Group shares soar after interim trading results beat estimates
Shares of GB Group, the London-listed tech firm, soared 11 percent on Thursday morning following the announcement that its interim trading figures had surpassed expectations. The identity verification and location intelligence service provider reported first-half revenues of approximately £137m, a modest increase from the previous year’s £132.4m and slightly above Peel Hunt analysts’ projection of …
Business
Evening Standard
UK stocks boosted as below-target inflation builds rate cut expectations
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.UK stocks enjoyed a boost while the pound weakened to a nearly two-month low against the US dollar after official figures showed …
Business
Sky News
New National Wealth Fund to unveil £1bn social housing deal
Britain’s new National Wealth Fund has struck a £1bn deal with two of Britain’s biggest high street lenders to retrofit thousands of homes to upgrade their energy-efficiency.Sky News has learnt that the government-backed vehicle has agreed with Barclays and Lloyds Banking Group to provide partial guarantees on loans to housing associations across Britain. An industry …
Business
Evening Standard
High street firms could axe jobs over potential business rate rise, say bosses
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.High street businesses may have to cut hours or axe staff in the face of a potential jump in business rates, industry …
Business
Evening Standard
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
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.Rachel Reeves is looking to raise up to £40 billion in tax hikes and spending cuts in this month’s Budget as the …
Business
Sky News
PizzaExpress prepares to serve up new slice of debt to investors
The parent company of PizzaExpress is hiring bankers to help it refinance a £335m bond ahead of its maturity, amid tough trading conditions for casual dining operators.Sky News has learnt that Wheel Topco is close to appointing PJT Partners, the investment bank, to advise it on talks with its debtholders. PizzaExpress trades from 359 sites …
Business
Evening Standard
London Underground workers to stage strikes amid pay dispute
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.London Underground workers including drivers are to stage a series of strikes next month in a dispute over pay.Members of Aslef, working …
Business
Business Live
Procook reports fifth consecutive quarter of growth, driven by strong ecommerce and retail performance
Analysts have reported that Gloucester-based kitchenware brand Procook has delivered a “pleasing” set of quarterly results, marking the fifth consecutive quarter of retail growth for the company. The group’s revenue soared to £17m in the quarter, representing an 8.8 per cent increase from the previous year, largely driven by a 12 per cent surge in …

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