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Sky News
Discount chain Poundstretcher makes new home a Fortress
Poundstretcher, one of Britain’s biggest discount retail chains, is being sold to the owner of Majestic Wine and Punch Pubs.Sky News has learnt that Fortress Investment Group has struck a deal to acquire Poundstretcher, which trades from more than 320 stores across the country. Based in Leicester, Poundstretcher employs approximately 4,000 people, making it one …
Business
Euro News
UK oil firm aims to dig deep in search of biggest North Sea oil find in decades
Business
Sky News
Everton FC bidder 777 seeks extra time amid race for funding
The investor trying to take control of Everton Football Club has pushed back its target date for completing the deal as it scrambles to raise hundreds of millions of pounds to fund it.Sky News has learnt that 777 Partners has told stakeholders, including the Premier League and prospective lenders, that it now expects its takeover …
Business
Euro News
It’s a scam! How deepfakes and voice cloning taps into your cash
Business
Euro News
Boeing falls behind with plane supplies as Airbus picks up speed
Business
Sky News
Focus Group founders dial up £800m sale to private equity firm Hg
The founders of a business telecoms and IT services provider are on the brink of toasting a nine-figure windfall after entering advanced talks to sell it to one of Britain’s leading private equity firms.Sky News has learnt that Focus Group is close to signing a deal to sell a majority stake to Hg Capital, the …
Business
Sky News
US licence partner OSL eyes Ted Baker’s UK arm
Ted Baker’s American licensing partner is a leading contender to take control of the fashion brand’s British operation weeks after it collapsed into administration.Sky News has learnt that OSL, which was appointed to run Ted Baker’s US retail business just over a year ago, is a frontrunner to take over the European business, which includes …
Business
Business Live
The Lakes Distillery to be acquired by wine company Nyetimber in £46m deal
Spirits maker and visitor attraction The Lakes Distillery is set to be acquired by sparkling wine producer Nyetimber in a £46m deal. The single malt whisky specialist, which set up 13 years ago and has offices in Newcastle, has ambitions to become an internationally leading spirits brand – and Nyetimber says it wants to accelerate …
Business
Evening Standard
Price pressures easing ‘substantially’ as profits jump, says Tesco
Business
Euro News
Web Summit CEO Paddy Cosgrave confirms his return after Israel criticism
Business
Sky News
China, a global coal boom and its ‘unacceptable’ climate consequences
China ramped up coal power capacity last year, according to new analysis, despite a pledge to “strictly control” the dirtiest fossil fuel.The country added 47.4 Gigawatts (GW) of new coal power in 2023, more than double the amount added by the rest of the world combined. It raises concerns that gains in clean power, including …
Business
Sky News
‘Cash lying around’ might have led sub-postmasters ‘into temptation’, ex-Post Office bosses argued
Senior executives at the Post Office suggested that “lots and lots of cash lying around in unexpected places” might have meant sub-postmasters were led “into temptation”, rather than accept IT failings, an official inquiry has heard. The inquiry into faulty Horizon IT software at the Post Office, and the associated prosecution of hundreds of sub-postmasters …

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