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Arms firms across Europe worth billions more
Weapons companies’ share prices surged across Europe and the UK’s benchmark stock index reached a record high amid talk of increased defence spending.The FTSE 100 index of the most valuable companies on the London Stock Exchange hit a level never seen before as arms maker BAE Systems saw its share price rise as much as …
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Business Live
Co-op Live turns around after rocky start, earning millions in its first operational year
After a tumultuous beginning, Co-op Live, the UK’s largest indoor arena, turned its fortunes around to earn millions in its inaugural year. The £365 million venue in Manchester gained significant attention early on in 2024 when delays hindered its grand opening multiple times, as reported by City AM. The resulting turmoil led to the resignation …
Business
Sky News
CVC serves up $1bn bid for IMG-owned tennis tournaments
CVC Capital Partners, the buyout giant, is serving up a $1bn (£790m) bid to buy a portfolio of tennis assets which includes two of the sport’s most prestigious annual tournaments.Sky News has learnt that CVC is among the remaining bidders for the Miami Open and Madrid Open, both of which feature the world’s leading male …
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Sky News
Crypto prices rally after Trump names Bitcoin and others for US strategic reserve
Cryptocurrency prices have jumped after Donald Trump revealed he would like Bitcoin and other lesser-traded tokens to be in a new US strategic crypto reserve.He said his January executive order on digital assets would create a stockpile of currencies including Bitcoin, Ethereum, XRP, Solana and Cardano (ADA). The names had not previously been announced.The American …
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Sky News
Owner of UKFast cloud hosting firm plots £400m sale
The private equity backer of the technology company previously known as UKFast is exploring a sale that it hopes will fetch a £400m price tag.Sky News has learnt that Inflexion, the buyout firm, has hired investment bankers to orchestrate a sale of ANS, which provides cloud hosting services to corporate customers. UKFast was rebranded as …
Business
Sky News
TikTok and Reddit investigated over use of children’s data
TikTok, Reddit and Imgur are to be investigated by the UK’s data protection watchdog over how they use teenage users’ personal information. The Information Commissioner’s Office (ICO) said it wants to look into how video-sharing app TikTok uses information from users aged 13 to 17 to deliver content recommendations to them. The investigations into online …
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Business Live
Siemens Energy boss tells MPs we must ‘stick with the plan’ on UK’s transition to clean energy
The boss of Siemens Energy UK&I has told MPs to “stick with the plan” when it comes to creating a clean energy system in the UK, urging the Government to foster more certainty on pipeline projects. Darren Davidson, the Newcastle-born and raised head of the 6,500-strong business with sites across the UK, gave evidence to …
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Business Live
HS2 ‘beyond saving’ and now poses risk to UK’s reputation, say MPs
The HS2 project has been deemed irredeemable and should serve as a “cautionary tale” for future governments on how “not to run a major project,” according to a cross-party group of MPs. The Public Accounts Committee (PAC) delivered one of its most damning reports to date, stating that it is “long past the point” where …
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Sky News
Ex-Villa chief Purslow among contenders to chair football watchdog
A former chief executive of Aston Villa and Liverpool is a surprise contender to become the inaugural chairman of the government’s controversial football watchdog.Sky News can exclusively reveal that Christian Purslow, who left Villa Park in 2023, is on a three-person shortlist being considered by Whitehall officials to chair the Independent Football Regulator (IFR). Mr …
Business
Sky News
CityFibre shareholders to inject £500m in refinancing deal
Shareholders in CityFibre Holdings are in talks to inject hundreds of millions of pounds into the UK’s largest independent broadband infrastructure network as part of a refinancing that would provide it with a fresh war chest for acquisitions.Sky News has learnt that equity investors in the company, which include the Abu Dhabi sovereign wealth fund …
Business
Sky News
Kick It Out chair Bhandari shortlisted to head new football regulator
The chairman of Kick It Out, the football anti-racism charity, has been shortlisted to become the first head of Britain’s proposed new Independent Football Regulator (IFR).Sky News has learnt that Sanjay Bhandari is among three remaining candidates being considered by the government to chair the watchdog. A decision is expected in the coming weeks, and …
Business
Business Live
Company to fund £1.3m new pitch at Cinderford Rugby Club
A historic Gloucestershire rugby club has secured planning permission to install a new £1.35m state-of-the-art pitch. The work at Cinderford Rugby Club is being fully funded by construction company KW Bell Group, which is headquartered in the town. The so-called ‘3G pitch’ is an artificial rugby field built to World Rugby regulation 22 standard, with …

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