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Sky News
Manchester United and Ratcliffe to confirm stake sale next week
Manchester United Football Club and Sir Jim Ratcliffe, the petrochemicals billionaire, aim to announce within days a £1.25bn deal that will see him take a 25% stake in the Red Devils.Sky News understands that the two sides have pencilled in early next week to confirm the long-awaited transaction, which will involve Sir Jim’s Ineos Sports …
Business
Sky News
Ofcom chief to stay out of Telegraph probe after Lloyds loan repayment
The chief executive of Ofcom will remain recused from a probe into the takeover of The Daily Telegraph even after Lloyds Banking Group – which employs her husband – is repaid a £1.16bn loan by the newspaper’s owners.Sky News has learnt that Dame Melanie Dawes, who has run the media regulator since 2020, will play …
Business
Business Live
Plant tyre specialist C&S Tyres (UK) acquired by national group Tyrefix
Heavy duty tyre specialist C&S Tyres (UK) has been acquired by national group Tyrefix – and its new owner has pledged to grow the combined business nationwide. Manchester-based C&S Tyres was founded in 1998 and offers specialist commercial and industrial tyres to customers across the UK, including to the waste sector. Meanwhile Leicestershire-based Tyrefix also …
Business
Sky News
Sir Keir Starmer to promise ‘better bargain’ for UK in major economic speech
Sir Keir Starmer will promise a “better bargain” for the British public in a major speech that will focus on the need for economic growth over spending.The Labour leader will warn that his government would not be able to “turn on the spending taps” and will instead have to be “ruthless” when it comes to …
Business
Evening Standard
Saudi wealth fund buys 49% stake in luxury hotel chain Rocco Forte
Business
Sky News
Spotify to cut nearly 20% of its workforce despite £55m profit
Popular music-streaming app Spotify will cut almost a fifth of its workforce despite turning a profit of €65m (£55.7m), according to its latest figures.The firm’s latest round of job cuts will affect around 1,500 people – which is 17% of its current total of 9,300 employees. It’s the third round of job losses at the …
Business
Sky News
BBC licence fee: Govt ‘concerned at very high level’ of planned rise – to make announcement ‘very soon’
The culture secretary has said she is concerned the planned 9% rise in the BBC licence fee is “very high” and that the BBC must remain “value for money”.Lucy Frazer said the government wanted to ensure the licence fee rises by an “appropriate amount” amid the ongoing cost of living crisis. The licence fee is …
Business
Euro News
Business of fashion: Here are 10 things shaping the industry
Business
Sky News
CBI faces autumn deadline to refinance rescue funding
The CBI faces a deadline next September to refinance millions of pounds of funding put in place to avert its collapse during the autumn.Sky News has learnt that a seven-figure facility put in place with banks will expire at the end of the third quarter next year. While the size of the facility is unclear, …
Business
Business Live
North East brewer returns to roots with Ouseburn taproom plans
A chemistry graduate who has grown a thriving brewing business over the last seven years has announced plans to launch an Ouseburn taproom. Reece Hugill, who runs lager label Donzoko along with a salesperson, has turned to customers and beer lovers more generally to help him find £10,000 to fit out and open a 6,000 …
Business
Evening Standard
More than 60% of Scottish bank branches shut since 2015, figures show
Business
Sky News
Abu Dhabi state-backed fund moves to take control of Daily Telegraph
An Abu Dhabi state-backed vehicle has moved closer to taking full control of The Daily Telegraph just hours after the launch of a regulatory probe that prevents it from removing key journalists from their posts.Sky News has learnt that RedBird IMI has given the newspaper’s board and the government notice of its intention to activate …

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