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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 …
Business
Euro News
Intel gives Nvidia run for money with new Gaudi chip
Business
Sky News
Profits up more than £300m at UK’s largest supermarket
Profits at Tesco reached £2.83bn – up more than £300m from a year earlier – as the UK’s largest supermarket group said it had brought down prices.More people are shopping at Tesco, due to improved product value and quality, the company said. Profits topped £2.83bn last year, up from £2.5bn a year earlier, while the …
Business
Euro News
TotalEnergies return to Africa would rock CSDDD, claim NGOs
Business
Sky News
More than seven million still struggling with bills, says watchdog
More than seven million people in the UK were struggling with bills and credit repayments in January, according to a financial watchdog.The number is down significantly on the 10.9 million people in the same position in January 2023. However, it’s still above the 5.8 million recorded in February 2020, before the pandemic and the cost …
Business
Sky News
Separate offence to be created for assaulting shopworkers in government U-turn
Assaulting a shopworker is to be made a separate criminal offence after a government U-turn following pressure from campaigners.The government previously said “more legislative change” was not needed to tackle the “intolerable violence and abuse” faced by shopworkers, arguing it did not think it was “required or will be most effective”. But Rishi Sunak is …

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