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Sky News
Gail’s backers hire Goldman Sachs to bake plan for new owners
The owners of Gail’s, the fast-growing chain of bakeries which found itself at the centre of a row about the gentrification of London suburbs earlier this year, have hired bankers to handle a sale that should yield a handsome windfall for them.Sky News has learnt that Gail’s shareholders have instructed Goldman Sachs to run an …
Business
Sky News
Fitness platform Magic AI gets into shape with $5m fundraising
A fitness platform which uses a hologram video-enabled training mirror to deliver bespoke workouts is getting into shape with a $5m fundraising led by a prolific investor in UK SMEs.Sky News understands that Magic AI, which claims to have developed the world’s leading artificial intelligence-led fitness mirror, will announce this week that it has secured …
Business
Business Live
UK job market sees pre-Christmas uplift with new vacancies in retail and construction
The job market is experiencing a pre-Christmas uplift, as per recent research from Adzuna. In October, there was a 0.64 per cent increase in vacancies compared to six months ago, marking the first positive six-monthly reading for 2024. This suggests that the job market has stabilised following the significant drop in new job openings during …
Business
Sky News
Barclays fined £40m over ‘reckless’ financial crisis capital raising
Barclays has been fined £40m over capital raising that averted its need for taxpayer aid during the 2008 financial crisis.The Financial Conduct Authority (FCA) found that the bank should have disclosed more details to the stock market about the £11.8bn in funding, from Qatari and other sovereign investors, that it had previously described as “reckless” …
Business
Sky News
‘When you hit profits, you hit growth’: Business criticises budget tax hike
Tax rises announced during the recent budget will hit businesses rather than encourage growth, the head of one of the UK’s most prominent business groups has warned.The Confederation of British Industry (CBI) director general Rain Newton-Smith joined a chorus of voices in criticising chancellor Rachel Reeves’s fiscal measures, which the Labour Party claims are needed …
Business
Business Live
Scale-up firms might be few in number but their impact is immense
This week we will hold the first-ever UK Fast Growth Awards in London, where we will be celebrating the fastest-growing firms in the UK. Drawing on detailed research and a business community of more than 50,000 entrepreneurs, the awards celebrate the 50 fastest-growing firms in each of the seven nations and regions of the UK. …
Business
Business Live
British Airways in major expansion at Cardiff Airport
British Airways has announced a multi-million-pound investment in its maintenance engineering facility at Cardiff Airport. The airline said it will expand one of three existing maintenance bays at the site to facilitate its larger long-haul Airbus A350 aircraft. This will create a second fully flexible bay, allowing more complex work to be completed. The base …
Business
Sky News
ITV back in spotlight as suitors screen potential bids
Potential suitors have again begun circling ITV, Britain’s biggest terrestrial commercial broadcaster, after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.Sky News has learnt that a number of possible bidders for parts or all of the company, whose biggest shows include Love Island, have in recent weeks held …
Business
Business Live
Peel Hunt: ‘Missing piece’ in Reeves’ City growth push
Peel Hunt has stated that the government has shown a “fundamental shift” in its growth strategy, but needs to address the crucial matter of driving investment into the UK stock market. In an investor note released this week, Charles Hall, Peel Hunt’s head of research, emphasised that while Rachel Reeves’s Mansion House speech last week …
Business
Sky News
Ann Summers’ family owners to explore options for lingerie chain
The family which has owned Ann Summers, the lingerie and sex toy retailer, for more than half a century is to explore options for the business which could include a partial or majority sale.Sky News has learnt that the Gold family is close to hiring Interpath, the corporate advisory firm, to work on a strategic …
Business
Evening Standard
Jaguar boss disappointed by ‘vile hatred and intolerance’ over new advert
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.The managing director of Jaguar has said he was disappointed by the “vile hatred and intolerance” in responses to a clip of …
Business
Evening Standard
Rate cut hopes drive UK stocks higher after weak economic data
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.Investors’ hopes of future interest rate cuts were buoyed on Friday by weak UK economic data, pushing the FTSE 100 upwards.London’s blue-chip …

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