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Sky News
Hundreds of workers made redundant at window seller Safestyle – as customers told orders won’t be fulfilled
Around 680 staff have been made redundant at window and door manufacturer and seller Safestyle. The business has gone into administration and the GMB union had expected up to 600 job losses. But on Monday, administrators Interpath Advisory said the number of redundancies was about 680.Only 70 of the roughly 750 staff have been retained.Customers …
Business
Euro News
European gas prices soar after Egypt reports zero imports
Business
Euro News
HSBC announces $3 billion buyback despite missing profit expectations
Business
Sky News
PizzaExpress hires Goldman after proposal to take slice of Wagamama-owner
PizzaExpress tabled a secret proposal to reverse into Wagamama’s London-listed parent earlier this year, setting the scene for it to gatecrash an agreed private-equity takeover of the company.Sky News has learnt that Wheel Topco, which owns PizzaExpress Group, lodged the idea of a combination with The Restaurant Group’s (TRG) board several months ago. As part …
Business
Business Live
Airbus awarded MOD satellite communications contract
Airbus has been awarded a military satellite communications systems contract by the Ministry of Defence. The aerospace giant will provide post-design services to allow for an upgrade to the UK’s SKYNET military satellite communications systems. Like this story? Why not sign up to get the latest South West business news straight to your inbox. The …
Business
Sky News
Blackstone chief Schwarzman to headline UK investment summit
The boss of Blackstone, one of the world’s biggest private equity investors, is to headline the government’s flagship investment conference after courting some of the world’s leading businesspeople to attend.Sky News understands that Stephen Schwarzman, the billionaire chairman, CEO and co-founder of New York-listed Blackstone, is to give a keynote address at the Global Investment …
Business
Evening Standard
RAC calls for major retailers to cut petrol by 5p a litre
Business
Sky News
Elon Musk and ChatGPT boss jet in for UK’s AI summit – as PM warned of ‘here and now’ threats
Rishi Sunak has been warned not to ignore the “here and now” threats to people’s jobs posed by artificial intelligence, as Elon Musk and the creator of ChatGPT jet in for a landmark UK summit.Bletchley Park is set to welcome more than 100 figures from politics and business from today, including the likes of OpenAI’s …
Business
Sky News
Mortgage approvals fall to lowest level since January
Lenders last month approved the lowest number of mortgages since January, according to figures from the Bank of England.Just 43,328 home loans for house purchases were signed off in September – a third consecutive monthly decline. Net approvals for remortgaging fell to 20,600 – the lowest total since January 1999.The figures reflect the impact of …
Business
Euro News
Israel-Hamas war: How the financial markets see the outcome of the crisis
Business
Sky News
HSBC sees 240% rise in profits
Europe’s biggest bank has credited rising interest rates for a 240% lift to its latest quarterly profits but expressed worries about the UK’s economic outlook.HSBC, which is London based and listed but largely Asia-focused, said that pre-tax profits for its July to September third quarter came in at $7.7bn (£6.4bn). Higher interest rates, on the …
Business
Sky News
Aurelius in exclusive talks to buy The Body Shop
The private equity investor that owns Footasylum is in pole position to buy The Body Shop, the ethical cosmetics chain founded by Dame Anita Roddick and her husband Gordon nearly 50 years ago.Sky News has learnt that Aurelius Group is in exclusive negotiations to buy the British-based chain, which was put up for sale by …

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