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Tortoise thwarts eco-tycoon Vince with deal to buy The Observer
The Observer is to fall under the ownership of Tortoise Media, a fledgling digital start-up, in a binding deal signed after weeks of controversy about the fate of the world’s oldest Sunday newspaper.Guardian Media Group (GMG) and the Scott Trust announced on Wednesday morning that the title will be acquired by Tortoise, even as the …
Business
Sky News
Rent prices reach record high in England
English rent prices have reached another record high, growing by close to 10% in the past year, official figures show. The typical private rental price in England rose 9.3% in the year up to November, costing £116 more than 12 months earlier, according to the Office for National Statistics (ONS). English renters paid an average …
Business
Sky News
Is Rachel Reeves playing fast and loose with inflation?
Rachel Reeves has repeatedly told us that Labour will not play “fast and loose” with the public finances but is the government playing fast and loose with inflation?At 2.6%, the inflation rate is nowhere near the double-digit highs we saw in 2022 but it is still above target and is likely to stay above target …
Business
Business Live
Angry residents told their objections to controversial office-to-residential plans are ‘not applicable’
Residents living near the Sale Point office block in Sale have been told that their objections to its conversion into 80 apartments ‘are not applicable’. The locals, who live adjacent to the six-storey building on the A56 Washway Road – a key route from Altrincham into Manchester – argue that the development will exacerbate existing …
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Sky News
Inflation rises for second month in a row
Inflation has risen for the second month in a row, according to official figures. The overall rate of price rises – as measured by the consumer price index (CPI) – grew by 2.6% in November, a significant rise. It’s a further move away from the Bank of England‘s target 2% inflation rate after the rate …
Business
Sky News
Avanti West Coast staff to strike on New Year’s Eve
Avanti West Coast staff are set to strike after rejecting a deal aimed at resolving a dispute over rest day working. Train managers will strike on New Year’s Eve, 2 January and Sundays between 12 January and 25 May, the Rail, Maritime and Transport union (RMT) said. An RMT spokesperson said: “Our members have resoundingly …
Business
Business Live
B&M hires chief executive of Iron Bru maker as it battles slumping share price
B&M has enlisted the CEO of Iron Bru manufacturer AG Barr, Euan Sutherland, as it grapples with a dip in its share price. Subject to shareholder approval, Sutherland is set to become a non-executive director at the Liverpool-based firm from 20 January, 2025, as reported by City AM. If confirmed, he will also join the …
Business
Sky News
Victims of second Post Office accounting software scandal ‘to be offered compensation’
The government will offer compensation to Post Office Capture victims – while refusing to rule out blanket exoneration for those convicted.In an exclusive interview with Sky News, Post Office minister Gareth Thomas said his department is “working at pace” and is committed to providing redress as quickly as possible. Capture accounting software, which predates the …
Business
Sky News
Navantia close to £70m purchase of stricken Titanic builder Harland & Wolff
Harland & Wolff (H&W), the stricken Titanic shipbuilder, is on the brink of a £70m government-backed rescue deal that will include guarantees of job security for the company’s workforce.Sky News has learnt that ministers hope to announce as soon as Thursday that H&W and its four UK shipyards are being acquired by Navantia, the Spanish …
Business
Sky News
Wages rising sharply and faster than expected
Wages are rising far faster than expected after a year of slowing, official figures show.Average pay rose sharply, by 5.2%, in the three months to October, according to data from the Office for National Statistics (ONS). A month earlier wages had been growing by 4.4% including bonuses and 4.9% excluding bonuses.The increase comes as a …
Business
Sky News
Thames Water seeks court approval for emergency bailout
Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for the company and the industry.At a hearing at the Royal Courts of Justice before Mr Justice Trower on Tuesday, Thames will present the loan as the first stage of a restructuring …
Business
Sky News
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 …

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