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Sky News
Mulberry rejects Mike Ashley’s takeover bid
Mulberry, the struggling UK luxury brand, has rejected a proposed takeover bid by Mike Ashley’s Frasers Group.Frasers, which is majority owned by the tycoon and best-known for its Sports Direct brand, made an offer on Monday that valued Mulberry at £83m. The company is the second largest shareholder in Mulberry, with a 37% holding.Money latest:Tipping …
Business
Sky News
Selling fees on eBay scrapped but buyers to face ‘small’ charge
Bosses at eBay have scrapped fees for private sellers across most categories.The online marketplace, which had already removed such fees for fashion earlier this year amid increasing competition from rival sites such as Depop and Vinted, said the move should boost reselling and the customer experience at the same time. It means sellers no longer …
Business
Sky News
BlackRock closes in on purchase of Thames Water contractor Lanes
An arm of BlackRock, the world’s biggest asset manager, is closing in on a takeover of a major contractor to Thames Water even as the utility teeters on the brink of collapse.Sky News has learnt that BlackRock’s private markets division could strike a deal to acquire Lanes Group, which is based in Leeds, within days. …
Business
Sky News
Calls for ‘speedy settlements’ as report into ‘second Post Office IT scandal’ compares Capture software to Horizon
A lawyer representing people affected by a “second Post Office IT scandal” has said they “must not” have “a long, hard battle ahead for exoneration and compensation”. A report today found it is “a reasonable likelihood” that Capture software “created shortfalls” for sub-postmasters prior to the Horizon scandal.The system, which was the predecessor to Horizon, …
Business
Sky News
Why are so many companies withdrawing vegan products?
The rise of veganism seems to have been unstoppable in recent years, with more and more people making the lifestyle switch due to animal welfare, environmental and health concerns.The “Veganuary” campaign – which started in 2014 and sees participants commit to being vegan for the entire month of January – has helped raise awareness of …
Business
Sky News
Murdoch-owned firm ends Rightmove takeover interest
An Australian property firm majority-owned by Rupert Murdoch’s News Corp has walked away from its takeover interest in Rightmove after a fourth bid was rejected.REA Group had offered a sweetened cash and share deal that valued the UK online property portal at £6.2bn – almost a month on from confirmation of its initial interest. Rightmove …
Business
Business Live
Admiral co-founder Henry Engelhardt and his wife Diana take stake in restaurant and hotels group Seren
Former chief executive and co-founder of Wales’ only FTSE 100 business Admiral, Henry Engelhardt and his wife Diane, have taken a minority ownership stake in restaurant and hotel group Seren. Seren is run by husband and wife team Neil and Zoe Kedward. Their first venue was the Grove of Narberth in Pembrokeshire. The group’s other …
Business
Evening Standard
Frasers Group makes £83m bid for struggling luxury brand Mulberry
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.Mike Ashley’s Frasers Group has made an £83 million takeover bid for struggling handbag maker Mulberry.The Somerset fashion brand has been hit …
Business
Evening Standard
UK economic growth weaker than first thought over spring, figures show
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.Growth across the UK economy was weaker than previously thought over the spring, according to revised official figures.The Office for National Statistics …
Business
Sky News
Telegraph ownership transfer completed as £500m sale looms
The ownership of The Daily Telegraph has been transferred to a new holding company as bidders and employees await news of the destiny of one of Britain’s most influential newspaper publishers.Sky News has learnt that a ‘hive-down’ to simplify the ownership structure of the title and its Sunday sister title has been completed in the …
Business
Sky News
Mike Ashley targets struggling Mulberry to avoid ‘another Debenhams situation’
Mike Ashley’s sprawling retail empire Frasers Group has revealed a takeover bid for Mulberry, the struggling luxury brand, claiming it wants to save the company from a potential Debenhams-style collapse.Frasers, which already owns 37% of Mulberry’s shares, said it had made a non-binding approach for the stock it does not already hold. Its 130p-per-share offer …
Business
Sky News
UK becomes first G7 nation to exit coal-fired power
The final coal-fired power station left in the UK will be shut down later on Monday amid the transition to renewable energy.The closure of Uniper-owned Ratcliffe-on-Soar power station in Nottinghamshire will bring to an end a 142-year history of burning fossil fuel to produce electricity in the country. The UK was the first, in 1882, …

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