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Chelsea co-owner Boehly goes into bat with Lords cricket bid
The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team in English cricket’s Hundred competition.Sky News has learnt that Todd Boehly is backing a bid spearheaded by Jonathan Goldstein, a British property entrepreneur, in an offer for a large stake in …
Business
Evening Standard
FTSE 100 recovers ground after market jitters
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’s equity markets recovered significant ground after Thursday’s sell-off linked to higher yields on gilts.Gilts, UK government bonds, settled in value over …
Business
Sky News
Reynolds to hold talks with bosses amid business budget backlash
The business secretary will next week hold talks with dozens of private sector bosses as the government contends with a significant corporate backlash to Labour’s first fiscal event in nearly 15 years.Sky News has learnt that executives have been invited to join a conference call on Monday with Jonathan Reynolds, in what will represent his …
Business
Sky News
Investment giant KKR wades into Thames Water survival battle
One of the world’s largest investment firms has waded into the fight over the future of Thames Water, the water utility which is racing to stay afloat.Sky News has learnt that KKR is in talks with Thames Water and its advisers about participating in a £3bn share sale which forms part of a wider recapitalisation …
Business
Business Live
Somerset to press for alternative after A358 Taunton to A303 dualling plans cancelled
Somerset Council is planning to push the government for funding for road improvements following a decision to shelve a major dualling scheme. The local authority said the cancellation of National Highways’ £328m upgrade of the A358 between Ilminster and Junction 25 of the M5 at Taunton was “deeply disappointing”. The works were first paused in …
Business
Sky News
Markets react on second open after budget – as traders concerned over some announcements
The cost of government borrowing jumped on Friday morning, while UK stocks and the pound are up, as markets digest the news of billions in borrowing and tax rises announced in the budget.While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves‘s self-imposed borrowing rules. …
Business
Sky News
Markets react on second day after budget – as traders concerned over some announcements
The cost of government borrowing jumped on Friday morning, while UK stocks and the pound were up, as markets digested the news of billions in borrowing and tax rises announced in the budget.While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves‘s self-imposed borrowing rules. …
Business
Sky News
Hostile market response for budget as chancellor suffers Halloween nightmare
First things first: don’t panic.What you need to know is this. The budget has not gone down well in financial markets. Indeed, it’s gone down about as badly as any budget in recent years, save for Liz Truss’s mini-budget. The pound is weaker. Government bond yields (essentially, the interest rate the exchequer pays on its …
Business
Sky News
Football financier Harris spearheads £200m bid for Crystal Palace stake
The football financier Keith Harris is spearheading a bid to buy a 45% stake in the Premier League football club Crystal Palace in a deal that could be worth close to £200m.Sky News has learnt that Mr Harris is advising a group of businessmen including Zechariah Janjua and Navshir Jaffer on an offer to acquire …
Business
Sky News
Guardian chief pledges decision on controversial Observer deal by Christmas
A decision on whether to proceed with the controversial sale of The Observer, the world’s oldest Sunday newspaper, will be made by Christmas, its current owner’s boss has told disgruntled staff.Sky News has learnt that Anna Bateson, the Guardian Media Group (GMG) chief executive, notified staff on Thursday that a preliminary assessment of shareholders in …
Business
Business Live
Reeves defends inheritance tax changes as farmers slam ‘disastrous’ Budget
Rachel Reeves has defended her Budget following anger from farmers over changes to inheritance tax on agricultural land. From April 2026, the government will cap inheritance tax relief for farms at £1m, with a rate of 20% on anything above that. The chancellor told BBC Breakfast on Thursday the decision was “fair and proportionate”. But …
Business
Sky News
Disposable incomes to drop to lowest levels under Labour government since 1955 in wake of tax-raising budget
The next five years will hurt disposable income and wages will stagnate further following Chancellor Rachel Reeves’ budget, an influential thinktank has said.Household disposable income, or living standards, will be the worst under any Labour government since 1955 when inflation is factored in, the Resolution Foundation said. Politics latest: ‘Everything has to be paid for’: …

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