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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 …
Business
Sky News
Europe’s biggest airline profits nearly 10 times higher as airfare rise defies expectations
Profits at Europe’s biggest airline are nearly ten times higher than the same time last year as more passengers paid more expensive airfares.Ryanair‘s profit after tax rose to €149m (£125.36m) in the three months from October to December, up from €15m (£12.62m) the same time a year earlier. Money blog: Dentist reveals how you can …
Business
Sky News
Chancellor’s enthusiasm ‘has never burned brighter’ – but will her plans finally boost growth?
The chancellor spent most of her first six months issuing dire warnings about the calamitous state of the public finances she inherited.But now, in a dramatic change of tone, Rachel Reeves is celebrating the UK’s economic possibilities. Inspired by Donald Trump’s economic boosterism, and despite the UK’s flatlining growth figures, she told Trevor Phillips she’s …
Business
Sky News
Reeves to seek billions for growth from corporate pension surpluses
Rachel Reeves will this week announce plans to unlock tens of billions of pounds from corporate pension schemes as part of government plans to kickstart economic growth.Sky News has learnt that the chancellor will use a crucial speech on Wednesday to disclose that she wants to use so-called surplus release to boost investment in the …
Business
Business Live
Former South Tyneside waste site set to be turned into huge logistics hub
A former waste management site in South Tyneside is set to be transformed into a huge new logistics base. Planning approval has been granted for 100,000 sqft of new industrial space on the site of the former Biffa unit on the Simonside Industrial Estate – paving the way for the creation of a new base …
Business
Sky News
WH Smith in secret talks to sell historic high street arm
WH Smith is in secret talks to sell its entire high street business in Britain more than 230 years after it opened its first shop in central London.Sky News can exclusively reveal that the listed retail group, which has a market capitalisation of almost £1.5bn, has been in negotiations with a number of prospective buyers …
Business
Business Live
UK’s top 10 taxpayers revealed including hedge fund boss who paid staggering £339m
Sir Chris Hohn, founder of the Children’s Investment Fund Management and one of the UK’s wealthiest hedge fund managers, has topped the list of Britain’s highest taxpayers this year, contributing over £339m in just 12 months, as per the Sunday Times Tax list. The annual study by The Sunday Times revealed that the top 100 …
Business
Business Live
North East economy ‘under siege’ as number of firms in financial distress rockets by 75%
The North East economy is coming “under siege” as the number of firms in the region struggling with financial distress rocketed at the end of last year, new figures suggest. The research from business advisors Begbies Traynor shows that instances of firms experiencing distress jumped by 75.24% between September and December last year – way …

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