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Sky News
Hipgnosis stock at record low as value of music portfolio sinks
Shares in the troubled UK music investor Hipgnosis Songs Fund hit a record low on Monday after the value of its portfolio was cut and said it had halted investor payouts “for the foreseeable future”.The FTSE 250 firm said that a review had estimated the fair value of its catalogue, including rights to work by …
Business
Business Live
Rolls-Royce Submarines confirms 100 job investment for Cardiff with hopes it will lead to thousands more
Rolls-Royce Submarines is creating more than 100 high-skilled jobs Cardiff in a first phase investment that has the potential to see thousands more. The investment, confirmed by the Ministry of Defence, is linked to a multi-billion contract to deliver a new fleet of attack nuclear submarines for the Australia Government. The AUKUS programme also involves …
Business
Sky News
Frazer rebukes Telegraph directors over removal of newspaper bosses
The independent directors appointed to oversee the sale of The Daily Telegraph have been warned that the removal of the newspaper’s two most senior executives breached a government order – and that any subsequent transgression could result in a multimillion pound fine.Sky News has learned that the Department for Culture, Media and Sport (DCMS) last …
Business
Evening Standard
Jeremy Hunt to unveil funding to make UK ‘a world leader’ in manufacturing
Business
Sky News
New business coalition aims to tackle poor UK productivity
British Land, Microsoft and Vodafone are among the backers of a new business coalition that will launch this week with the aim of tackling the UK’s perennially weak productivity.Sky News understands the trio, along with Churchill Retirement Living, NHBC and Pension Insurance Corporation, are among the founding members of the Building Back Britain Commission (BBBC). …
Business
Sky News
Hunt considering further public spending cut to boost tax giveaway in budget
Jeremy Hunt is considering a last minute further cut to public spending to boost the tax giveaway in Wednesday’s budget.The Politics At Jack And Sam’s podcast, out now, sets out how Number 10 and 11 have spent recent days finding as many different ways of raising future revenue as possible to increase the size of …
Business
Sky News
Banks placed on alert over ‘rogue’ Companies House filings
Britain’s biggest banks have been placed on alert over hundreds of ‘rogue’ filings which appear to have been lodged at Companies House, the UK’s central corporate register.Sky News has obtained a note issued by UK Finance, the banking trade association, which warned its members that approximately 800 forms relating to the discharging of financial liabilities …
Business
Sky News
Passengers ‘punished’ as rail fares hiked by 5%
Cash-strapped train travellers are being priced off the railways, campaigners have warned as fares in England and Wales are hiked by nearly 5% despite high levels of cancellations.Critics argue passengers are being “punished” and will be angry at Sunday’s rises given the “shocking state” of the network, against a backdrop of disruption caused by rail …
Business
Sky News
Chancellor tempers tax cut expectations as £800m tech package to free up public service workers’ time revealed
Chancellor Jeremy Hunt has tempered expectations of tax cuts in Wednesday’s budget as he announced an £800m package of technology reforms designed to free up time for frontline public sector workers.As part of Treasury reforms, police will use drones to assess incidents such as traffic collisions and artificial intelligence will be deployed to cut MRI …
Business
Sky News
Post Office should be handed over to postmasters, former boss says
The Post Office should be “handed over” to postmasters, its former chairman has said, accusing the government of using it as a “fig leaf” for stalling and evasion.In a letter seen exclusively by Sky News, Henry Staunton told the business and trade committee the government has “consistently hidden behind the Post Office’s skirts, spinning their …
Business
Sky News
Moto GP owner Bridgepoint eyes £3.5bn bonanza from motor racing sale
The long-standing owner of the Moto GP global motor-racing series is in advanced talks to sell the business for more than £3bn.Sky News has learnt that Bridgepoint, which is the biggest shareholder in Moto GP’s parent company, Dorna Sports, is seeking a valuation of up to €4bn (£3.4bn) in its negotiations with prospective buyers. Liberty …
Business
Evening Standard
Holidaymakers benefit from rising strength of sterling

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