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Sky News
Hundreds of thousands of small businesses ‘may fold this year’ – wiping ‘£12bn’ from economy
Hundreds of thousands of the UK’s smallest businesses risk going under this year as costs keep rising, a report has revealed.The owners of nearly one in eight microbusinesses, defined as employing fewer than 10 people, fear they will have to fold, equating to 630,000 businesses. Catherine Sweet sells art for a living – both her …
Business
Sky News
Meal-kit delivery firm Gousto sparks investors’ fury after slashing valuation
Gousto, the food delivery service backed by Joe Wicks, the celebrity fitness instructor, has become embroiled in a bitter corporate governance row after excluding long-standing investors from a deeply discounted share sale.Sky News can exclusively reveal that Gousto slashed its valuation from $1.7bn (£1.4bn) just over a year ago to less than $300m (£250m) last …
Business
Business Live
Data platform firm DiffusionData to open Newcastle office after securing £1m funding
A data platform provider is to set up in Newcastle after receiving a £1m funding package from a North East jobs fund. The North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and managed by Maven Capital Partners, has backed data platform provider DiffusionData to enable the business to continue with …
Business
Business Live
Private equity deals present mixed picture across the North East and Yorkshire and Humber
Yorkshire and Humber outperformed the North East in mid-market private equity deals, new analysis suggests. A study by accountancy firm KPMG found that while the North East saw the number and value of deals in 2022 fall on the previous year, its regional neighbour increased values and market share. Last year Yorkshire and Humber increased …
Business
Sky News
Manchester United bidders to meet officials within weeks to review club accounts
Manchester United bidders are due to meet with the club in the next two weeks and gain access to accounts – enabling offers to end the ownership of the Glazers.Sky News understands the two declared bids are now progressing two weeks after the deadline to declare interest – from Qatari hopeful Sheikh Jassim bin Hamad …
Business
Sky News
Goldman Sachs arm has appetite for $10bn Subway takeover
An arm of the Wall Street behemoth Goldman Sachs is among the suitors hoping to take a mouthful of Subway, the global sandwich chain which has been put up for sale with an estimated $10bn price tag.Sky News has learnt that Goldman Sachs Asset Management (GSAM) is one of at least a handful of parties …
Business
Sky News
Big data company WANdisco clicks on US listing amid fears of City exodus
A London-listed company with a valuation of close to £1bn is preparing to list its shares in the US amid an intensifying debate about the waning attractiveness of the City to public companies.Sky News has learnt that WANdisco, a ‘big data’ business, has hired bankers from Evercore Partners to prepare for a listing in New …
Business
Evening Standard
Teaching union accuses ministers of using misleading figures on strikes’ impact
A union has accused the Government of using “unreliable” figures to claim the latest round of teachers’ strikes in England had less impact than earlier industrial action.Department for Education (DfE) figures suggest regional strikes by National Education Union (NEU) members between February 28 and March 2 led to fewer school closures than a nationwide walkout …
Business
Evening Standard
Scotland should have equity stake in new ScotWind round, says Yousaf
Scotland should have an equity stake in the next ScotWind leasing round, SNP leadership contender Humza Yousaf has said.The Scottish Government leased portions of the seabed to energy companies for the installation of floating wind farms, netting £700 million in fees for the projects.But SNP hopeful Mr Yousaf has said any future round of the …
Business
Business Live
Welcome return to commercial use of Aire and Calder Navigation to link Hull and Leeds
A historic Yorkshire waterway is once again welcoming regular commercial traffic. The 500-tonne capacity barge MMS Off-Roader has started using the historic Aire and Calder Navigation to transport marine aggregate from the city’s Albert Dock to Leeds. It follows significant investment from Hull maritime firm MMS Workboats, AC Marine Aggregates and the Canal and River …
Business
Business Live
Take a tour of MMS Off-Roader
Business
Business Live
Regional rewards as FSB celebrates Yorkshire and Humber businesses
From voiceover production to hair regrowth, providing fizz to flowers, a dozen companies have been celebrated at the Yorkshire and Humber Celebrating Small Business Awards. The UK FSB regional heat was held at the Queens Hotel in Leeds, ahead of a national celebration in May. Also successful was a family run micro-brewer, an expanding high …

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