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Sky News
PM to pledge to scrap regulation that ‘holds back investment’ at business summit
The prime minister will pledge to get rid of regulation that “needlessly holds back investment” at a major business conference in London today.The International Investment Summit will comprise more than £50bn of deal announcements – or roughly twice the £28bn unveiled at the previous comparable gathering held under the former Conservative administration, Sky News’ City …
Business
Sky News
Starmer to hail more than £50bn in investment at key summit
The government will on Monday welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration after a first hundred days marked by scandal and infighting.Sky News has learnt that the International Investment Summit in the City of London will comprise more than £50bn of deal announcements …
Business
Sky News
Employer national insurance could rise in budget, minister suggests
The business secretary has suggested the government could put up national insurance for employers in the budget without breaking its election pledges.Jonathan Reynolds told Sunday Morning with Trevor Phillips that Labour’s promise not to increase national insurance “was specifically in the manifesto, a reference to employees”. National insurance is paid by both employees and employers …
Business
Sky News
Tide-backer Augmentum to name Lovefilm founder as new chair
A backer of leading British fintechs including Tide and Zopa will this week name one of the founders of Lovefilm as its new chairman.Sky News understands that Augmentum Fintech, which is listed in London, has lined up William Reeve, one of Britain’s most experienced start-up entrepreneurs, to take the role. A source said his appointment …
Business
Sky News
‘We had conversation’ with P&O Ferries owner, says minister, after criticism ‘put £1bn investment under review’
The government had to “have a conversation” in order to secure the landmark DP World investment announcement that was reportedly derailed by comments from the transport secretary.Appearing on Sunday Morning With Trevor Phillips, Business and Trade Secretary Jonathan Reynolds was asked how close the government came to losing the £1bn commitment in the London Gateway …
Business
Business Live
Consolidation looms for UK fintechs as IPO prospects dim and funding tightens
The UK’s fintech sector is preparing for further consolidation amid a lack of IPO activity, as successful start-ups grow and established companies aim to ward off future competitors. Industry leaders have informed City AM that firms facing financial difficulties will be under increasing pressure to consider buyout offers, with venture capital investment subdued and public …
Business
Evening Standard
DP World to attend Government investment summit despite call to boycott P&O
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.DP World will attend the Government’s international investment summit on Monday despite reports that a row over calls to boycott its subsidiary …
Business
Sky News
P&O Ferries owner’s £1bn investment in UK will go ahead despite minister calling for shipping firm boycott
A £1bn investment in Britain by port operator DP World will go ahead as planned, after a frantic effort by ministers and diplomats to repair relations following a row with the Dubai-owned multinational that threatened to overshadow a crucial investment summit.On Friday, Sky News revealed that the planned investment was under review and that DP …
Business
Business Live
Popular youth centre to be bulldozed as council reveals future plans for site
A youth centre affectionately dubbed ‘The Boyzee’ that was on the brink of its 60th anniversary has closed and is now facing demolition to pave the way for new ‘low-carbon homes’. The OASIS Centre for Young People in Ellesmere Port shut over the summer and Cheshire West and Chester Council has now lodged a planning …
Business
Evening Standard
Labour seeks to balance P&O criticism after Starmer slaps down call for boycott
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.A Labour MP has sought to balance criticism of P&O Ferries after reports the Transport Secretary’s call for a boycott of the …
Business
Sky News
Tortoise Media lines up backers to deliver takeover of The Observer
One of the world’s most successful private equity chiefs is being lined up to help fund a takeover of The Observer, the world’s oldest Sunday newspaper.Sky News has learnt that Patrick Healy, the chief executive of Hellman & Friedman (H&F), a US-based buyout firm, is among the Tortoise Media shareholders who are in talks to …
Business
Sky News
Boeing to cut 17,000 jobs
Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business. Chief executive Kelly Ortberg told staff in an email on Friday that the cuts will include executives, managers and employees. He said the downsizing is necessary to “align with our financial reality” after …

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