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Sky News
HMV owner seeks £50m backing for Wilko rescue bid
The owner of HMV has approached a number of debt providers to back a last-gasp rescue bid for Wilko, the ailing high street retailer.Sky News understands that Doug Putman has sounded out firms including Gordon Brothers and Hilco – from which he bought HMV in 2018 – about helping to finance an offer for hundreds …
Business
Sky News
Barclays line up Gulf firepower for fresh raid on Telegraph newspapers
The former owners of The Daily Telegraph have lined up hundreds of millions of pounds from Middle Eastern investors in a bid to wrest back control of the newspaper from Britain’s biggest high street bank.Sky News can exclusively reveal that the Barclay family lodged a proposal last week to buy back roughly £1bn of debt …
Business
Euro News
Business bankruptcy in EU surges to highest levels since 2015
Business
Evening Standard
London luxury gyms in crisis as Equinox plunges to £18 million loss
There are growing signs London’s luxury fitness market is in crisis after high-end gym club Equinox posted an £18 million loss and warned on its future in the UK.The firm, which has three sites in Kensington, Bishopsgate and St James’s and is popular with celebrities such as Lindsay Lohan, Paris Hilton and Khloe Kardashian, warned …
Business
Business Live
Company founded by childhood friends to close ‘with a heavy heart’
A mentorship software start-up is to close after its co-founder said the firm has been taken as far as it could be.. Manchester-based My2be was established in 2018 by childhood friends Adam Mitcheson and Damien Shiells. The business has previously raised £180,000 including securing its most recent investment from NorthInvest in May. READ MORE: Click …
Business
Sky News
Subway has just been sold for $9.6bn – and this is the extraordinary story of its humble beginnings
It was one of the most lucrative changes of career in business history.In 1964, Fred DeLuca was a 17-year-old medical student working in a hardware store to help pay his way through college. Realising he was not earning enough for his needs, he asked a family friend, Peter Buck, whether he had any bright money-making …
Business
Sky News
Heineken sells Russian business for just 86p – at a loss of £256m
Heineken has sold its Russian business for just 86p – with the brewing giant set to face a total loss of £256m as a result.The Dutch brewing giant, which also makes Amstel and Birra Moretti beers, has been criticised for the slow pace of its exit following the war in Ukraine. Executives admitted the process …
Business
Euro News
Meet the Spanish street and social media artist telling Europe to love itself
Business
Euro News
Dozens of reindeer have been killed for crossing into Russia, as Norway fixes Arctic fence
Business
Business Live
Young people in Wales ‘least optimistic’ about job prospects
Young people in Wales are the least optimistic about their job prospects compared to other parts of the UK. A new study, looking into the impact of the cost-of-living crisis on young people, found that those aged between 10 and 25-years old in Wales were almost twice as likely (40%) to worry about job opportunities, …
Business
Euro News
Dutch government nominates foreign minister Wopke Hoekstra as EU Commissioner
Business
Sky News
Octopus Energy is favourite to wrap tentacles around Shell customers
Octopus Energy is in detailed talks to buy Shell’s household energy customer base – a deal that would edge the company closer to challenging British Gas as the UK’s biggest domestic gas and electricity supplier.Sky News has learnt that Octopus Energy, run by Greg Jackson, has emerged as the frontrunner to acquire Shell Energy Retail …

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