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Sky News
CBI in talks to sub-let parts of London headquarters
The CBI, the struggling business lobbying group, is in talks to sub-let parts of its vast London headquarters as it continues to seek cost-cutting opportunities in the wake of last year’s near-collapse.Sky News has learnt that the CBI has approached some of its trade association members to gauge their appetite to lease parts of the …
Business
Sky News
Ofwat to name LEK Consulting as Thames Water ‘policeman’
Scrutiny of Thames Water, the crisis-hit utility, will intensify this week when the industry regulator appoints LEK Consulting as an independent monitor of the company.Scrutiny of Thames Water, the crisis-hit utility, will intensify this week when the industry regulator appoints LEK Consulting as an independent monitor of the company. Sky News has learnt that Ofwat …
Business
Sky News
Bank of England currency printer De La Rue in £300m sale
An American predator is close to sealing a £300m swoop on a division of De La Rue, the Bank of England’s banknote printer, in a move that will herald a break-up of the historic company.Sky News can exclusively reveal that Crane NXT, a New York-listed industrial technology group, was on Monday night close to finalising …
Business
Sky News
Chancellor ‘wouldn’t have any problems’ getting on P&O ferry – after previously criticising firm’s ‘disgraceful behaviour’
Rachel Reeves has said she “wouldn’t have any problems” getting on a P&O ferry following the fire-and-rehire scandal.The chancellor was asked to clarify her position after criticism by her colleagues almost derailed a planned investment announcement from the travel operator’s owner ahead of a crucial summit. Politics latest: Ex-Google boss tells PM what’s blocking investmentP&O …
Business
Sky News
Ex-Google boss warns Starmer UK will fail to meet 2030 clean energy goal without fixing regulation
Google’s former boss has warned Sir Keir Starmer he will fail to meet his 2030 clean energy goal unless he fixes UK regulations.Eric Schmidt, Google’s former chief executive officer, said he believes Sir Keir can speed up regulation bureaucracy to ensure the government reaches its goal of decarbonising electricity by 2030. But he said regulation …
Business
Business Live
Wren Kitchens owner sheds 1,000 staff as profit slumps year after Ebuyer sale
The group behind Wren Kitchens, West Retail Group, has seen its profits plunge to the lowest level since 2017, with sales dropping from a record high and 1,000 jobs being cut. Headquartered in Yorkshire, the company reported a pre-tax profit of £35.1m for 2023, as per the latest accounts filed with Companies House, as reported …
Business
Evening Standard
Starmer pledges to ‘rip up the bureaucracy that blocks investment’
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.Prime Minister Sir Keir Starmer has said it is “time to upgrade the regulatory regime” as he pledged to “rip up” bureaucracy.He …
Business
Sky News
InPost to take full control of UK distribution group Menzies
InPost, the operator of tens of thousands of parcel delivery lockers across Europe, is closing in on a deal to take full ownership of Menzies Distribution Group, the British logistics company.Sky News has learnt that InPost is in very advanced talks to acquire the 70% shareholding in Menzies that it does not already own. Sources …
Business
Evening Standard
Minister denies slashing red tape will lower standards at UK investment summit
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.A Cabinet minister has denied that Sir Keir Starmer’s plans to slash red tape will lower standards as the Government seeks to …
Business
Sky News
P&O Ferries owner has ‘turned a corner’ since 800 staff sacked, minister says as £1bn investment to go ahead
The owner of P&O Ferries has “turned a corner” since 800 staff were sacked without notice and its £1bn investment is going ahead, a minister has told Sky News.Dubai-based company DP World, which owns P&O, had considered pulling its announcement of a £1bn investment in its London Gateway container port after strong criticism of it …
Business
Evening Standard
PageGroup sees profits tumble as September trading disappoints
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.Recruiter PageGroup has revealed ongoing trading woes after the global jobs market failed to rebound as hoped in September following the quieter …
Business
Evening Standard
‘People hate my guts’, says ex-MP Steve Baker on private sector comeback
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.Former minister Steve Baker has ruled out returning to frontline politics except in the most “extraordinary circumstances” as he makes his comeback …

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