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Evening Standard
Betting giant Entain says sales growing faster than hoped as NFL kicks off in US
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.Ladbrokes and Coral owner Entain said online gaming sales have risen faster than expected in recent months, after it cashed in on …
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Sky News
‘Bus revolution’ measures unveiled to ‘save vital routes’
A “bus revolution” will save vital routes and put passengers first, the government has said, as it unveiled new measures which include plans to further support franchising.The legislation, which will be laid out before parliament on Monday, will give all local transport authorities new powers to run their own bus services. Only metro mayors at …
Business
Sky News
Billions lost to tax evasion but HMRC has no targeted measures to stop it – report
Roughly £5.5bn of potential state revenue has been lost due to tax evasion, according to the government spending watchdog.The vast majority of evasion took place in small businesses which can “easily exploit” weaknesses in government systems, the National Audit Office (NAO) said. But the body that collects tax – HM Revenue and Customs (HMRC) – …
Business
Evening Standard
Councils facing £4 billion hole in finances for coming year, research suggests
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.Councils across England, Scotland and Wales have a collective hole in their finances amounting to more than £4 billion for the coming …
Business
Sky News
Telegraph bidders given new deadline as £100m Spectator sale looms
The remaining bidders for The Daily Telegraph have been given a deadline for revised bids for the right-leaning newspaper as its stablemate, The Spectator magazine, clinches a £100m sale to the hedge fund tycoon Sir Paul Marshall.Sky News understands that RedBird IMI, the Abu Dhabi-backed entity which was thwarted in its efforts to buy the …
Business
Business Live
88% of Investment Trusts Trading Below Asset Value Amid Market Challenges
City AM has disclosed that a significant 88% of all investment trusts are currently trading at a discount to their underlying assets. Dragon Capital’s analysis reveals that the disparity between the share price of investment trusts and the value of their underlying assets is so severe that 30% of all trusts now trade at a …
Business
Evening Standard
More than a million British workers not having a single day of paid time off, says TUC
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.Workers are being “cheated” out of holiday pay worth £2 billion as some employers deliberately deny holiday requests, according to a new report.The …
Business
Evening Standard
Remaining 113 Body Shop stores rescued by acquisition deal
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 Body Shop has been rescued from administration by a consortium led by British tycoon Mike Jatania, with remaining stores to continue …
Business
Sky News
Bank of London finalises capital-raising after HMRC winding-up petition
A clearing bank launched just three years ago is raising tens of millions of pounds of fresh funding just days after it was served with a winding-up petition by the UK tax authorities.Sky News understands that The Bank of London, which attempted to rescue Silicon Valley Bank UK last year, is progressing plans for the …
Business
Sky News
Body Shop’s remaining stores saved after rescue deal struck
More than 100 Body Shop stores have been saved from closure after a deal was struck to rescue one of Britain’s best known high street chains.The well-known retailer was bought out of administration by a consortium led by “Cosmetics King” Mike Jatania. The millionaire tycoon’s investment firm Aurea announced the completion of the acquisition on …
Business
Sky News
Aston Martin F1 team value soars as investors rev up stakes
The Aston Martin Formula One team is to set a new valuation benchmark by selling a large stake to two of the world’s most prominent investment funds.Sky News can exclusively reveal that HPS Investment Partners, a US-based firm which manages roughly $115bn (£87.6bn) in assets, and Accel, one of the giants of the Silicon Valley …
Business
Business Live
Government must fix ‘antiquated’ business rates, firms and CBI urge
The Confederation of British Industry (CBI) and firms have called on the government to overhaul the “antiquated” business rates system, which they argue is stifling productivity and growth. A panel comprising representatives from retail and manufacturing sectors convened to devise proposals aimed at enhancing the existing system, with the goal of stimulating investment and turbocharging …

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