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Sky News
GoCardless employees in line for £100m windfall
GoCardless, the digital payments platform, is to become the third British fintech in as many months to orchestrate a share sale that will result in a £100m-plus windfall for its employees.Sky News understands that GoCardless, which was founded in 2011, is in the advanced stages of co-ordinating a secondary share sale. Banking sources said that …
Business
Sky News
UK economic forecast boosted by IMF
The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1% – the largest upward revision for any advanced economy.In a boost to Chancellor Rachel Reeves as she prepares to travel to Washington for the IMF’s annual meeting this week, its latest world economic outlook predicts strengthening growth …
Business
Sky News
Barclays in talks with Brookfield about deal for UK payments division
Barclays has re-entered talks about a heavily structured deal to offload a stake in a major division of its British operations to Brookfield, the asset management giant.Sky News has learnt that the high street bank is in detailed discussions with Brookfield about it becoming a shareholder in its UK merchant acquiring arm. The talks with …
Business
Business Live
Student block that will become Bristol’s tallest building acquired
A new student accommodation block in Bristol that is set to become the city’s tallest building has been acquired. At 28 storeys high, St James House will break the 2020 record achieved by Castle Park View, which stands at a height of 98.37 metres. The property, next to the Bearpit roundabout, was sold for an …
Business
Evening Standard
Water companies ask to hike bills by even more than first planned
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.Water companies have asked to hike consumer bills by even more than they originally requested, according to figures released by watchdog Ofwat …
Business
Sky News
New review into polluting water industry launched – and scrapping Ofwat could be considered
A new commission is to investigate Britain’s troubled water industry in a bid to tackle sewage pollution, “broken” infrastructure, and toughen up weak regulators.The new Independent Water Commission will deliver the “largest review of the sector since privatisation”, the UK and Welsh governments said as they unveiled the plans. Campaigners have warned against trade-offs between …
Business
Sky News
Water companies seek even higher bill increases than first indicated – with rises up to 84%
Water companies across England and Wales are asking for bills to be made even higher than they first requested, with one company seeking an 84% hike.The biggest water company in the UK, Thames Water, is now looking for bills to rise 53% and cost £667 a year by 2029/30, according to figures published by water …
Business
Sky News
Government borrowing remains at highest since pandemic
Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show.Last month had the third-highest September borrowing on record, coming only behind 2020 and 2021, according to data from the Office for National Statistics (ONS). While more money came in from tax, …
Business
Evening Standard
UK’s £2.26bn loan for Ukraine ‘can help turn the tables on Putin’s war machine’
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.The UK has announced a £2.26 billion loan to help Ukraine fight Vladimir Putin’s forces, funded by profits on frozen Russian assets.The …
Business
Evening Standard
Meta starts testing facial recognition tools to combat ‘celeb-bait’ adverts
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.Meta is testing the use of facial recognition technology to help protect people from so-called “celebrity bait” adverts and to help users …
Business
Business Live
The huge financial crisis facing Welsh universities requires a national conversation to ensure they survive
Can Wales afford four professional rugby regions or sustain 22 local authorities serving a population of just over three million in the face of significant budgetary cuts? These are well-worn questions, but whether there are three regions or four, the prospect of again dusting off previous Welsh Government maps and proposals for local government reorganisation …
Business
Sky News
Ocado Group lines up ex-Microsoft exec as next chairman
A former Microsoft executive is being lined up as the next chairman of Ocado Group, the online grocery technology provider.Sky News has learnt that Adam Warby, who chairs the board of executive search firm Heidrick & Struggles and serves as a senior advisor to KKR, the US-based investment powerhouse, has emerged as the leading candidate …

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