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NatWest retail banking chief Lindberg to step down next year
The boss of NatWest Group’s high street branch network is to step down early next year as the company prepares for a return to full private sector ownership.Sky News has learnt that David Lindberg, who joined NatWest just over four years ago, will leave in the first quarter of 2025. He is said to have …
Business
Sky News
‘Profound evil’ at the heart of Post Office – IT inquiry lawyer
“The evil the Post Office did was profound”, a lawyer has told the Horizon IT scandal inquiry while describing a “deliberate conspiracy” and “cover up”.Edward Henry KC, who is representing victims, delivered his closing submission to the hearings with a powerful and damning monologue. He accused the Post Office of “profound evil”, adding that it …
Business
Business Live
Johnson Matthey’s largest shareholder calls for ‘strategic review’ amid 55% stock slump
Johnson Matthey’s largest shareholder has urged for a comprehensive strategic review of the business, which may lead to the sale of “part or all” of the company. In a letter made public on Monday, New York-based Standard Investments called for a significant overhaul of the board and suggested either de-risking or disposing of the lossmaking …
Business
Sky News
Royal Mail takeover by Czech billionaire approved
The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved by the government. Mr Kretinsky‘s company EP Group will buy the postal service’s parent company International Distribution Services (IDS). The £5.3bn deal had been agreed in May but was subject to a government review under national security laws as Royal Mail is …
Business
Sky News
Five charts that explain why water bills are about to go up
This is a crucial week for the water industry.Regulator Ofwat will on Thursday give its “final determination” on how much bills will rise over the next five years. Before then, Britain’s largest company Thames Water hopes to win court approval for a £3bn bridging loan to stop it running out of cash in the spring.Together …
Business
Business Live
The mixed impact of the Help to Grow programme to boost SME management skills
As someone who has been an advocate for improving management skills within small and medium-sized enterprises (SMEs) since I began my academic career over thirty years ago, I have been disappointed that there has been little effort by the higher education sector in utilising its expertise within business schools to make a real difference to …
Business
Sky News
Grant Thornton partners back stake sale to buyout firm Cinven
UK-based partners at Grant Thornton, the accountancy firm, have voted to back the sale of a majority stake to Cinven, the private equity firm.Sky News has learnt that GTUK’s partnership voted unanimously to support the deal, in a move expected to be announced internally as early as Monday. Support for the deal had been widely …
Business
Business Live
National insurance hike compensation uncertainty for public bodies in Wales
Public bodies in Wales may not receive full compensation from the UK Government for the cost of employer national insurance increases, unlike in England, a committee heard. Finance Secretary Mark Drakeford told the Senedd’s finance committee the cost of workers within the Office for National Statistics definition of a public-sector employee will be covered by …
Business
Business Live
Subsea firms call on Government to build confidence through industrial strategy
North East-based suppliers of subsea engineering and equipment are among UK counterparts to report good market prospects but lack of confidence in project delivery. Research from industry body the Global Underwater Hub – which has a base on Tyneside – points to positivity among firms about market opportunities, particularly in offshore energy, but lower sentiment …
Business
Business Live
Somerset gigafactory will be ‘catalyst’ for attracting major overseas firms to Britain
A multi-billion-pound Somerset gigafactory could be a “catalyst” for attracting major international companies to Britain, according to the boss of the smart campus where it’s being built. Agratas, part of Indian conglomerate Tata, is currently building its £4bn electric vehicle battery plant near Bridgwater and has said around 4,000 jobs could be created in the …
Business
Sky News
NatWest to hike chief’s pay as bank returns to full private ownership
NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17 years in state hands.Sky News has learnt that the chair of the bank’s remuneration committee, Lena Wilson, is consulting leading institutional shareholders about an overhaul of its boardroom pay policy. The …
Business
Sky News
IT refurbisher Reconome lands £3m funding from Daily-Dose backer
A certified B Corporation company which repurposes electronic equipment to benefit schools and charities has landed more than £3m in funding from a leading start-up investment group.Sky News understands that Reconome, which partners with major companies including Netflix and O2, has secured the new money from IW Capital, which has backed a string of prominent …

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