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Thames Water lines up court dates to push through huge debt restructuring
Britain’s biggest water utility is lining up court dates to push through a massive debt restructuring that could keep it out of government hands.Sky News has learnt that advisers to Thames Water have approached a broad group of investors including Apollo Global Management and Goldentree to gauge their appetite to participate in a multibillion pound …
Business
Evening Standard
Reynolds: Crackdown on late payments to small businesses is Government priority
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.Cracking down on late payments to small businesses is a “priority” for the Government, Jonathan Reynolds has said.The Business Secretary said ministers …
Business
Evening Standard
There is no link between CEO pay and share price performance
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.Executive pay is one of the most debated topics in corporate governance, especially when set against the backdrop of stock market performance. …
Business
Evening Standard
Top CEO pay ‘not linked’ to shareholder returns
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.Some of the best paid CEOs in Britain have dramatically underperformed the stock market in the last three years, undermining the case …
Business
Sky News
4,500 jobs at risk as restaurant chain owners enter administration
The owner of the UK arm of the restaurant chain TGI Fridays (TGIF) has gone into administration, putting 4,500 jobs and 87 outlets at risk.Hostmore, which runs the UK franchise for TGIF, has appointed administrators and delisted its ordinary shares after struggling to find a “lasting solution” to save the business amid heavy losses and …
Business
Sky News
Bumper US interest rate cut aims to boost flagging economy
US interest rates have been slashed for the first time in more than four years – by more than many expected – amid fears the world’s largest economy is flagging.The US central bank, the Federal Reserve, brought interest rates down by 0.5 percentage points to 4.75% to 5%. Unlike the UK, the US interest rate …
Business
Sky News
Former TSB boss Pester to chair wealth start-up Firenze
Paul Pester, the former boss of TSB, is to chair a recently launched fintech which offers customers loans secured against their investment pots.Sky News has learnt that Mr Pester, who has backed a string of financial services companies since leaving TSB in 2018, is to become chairman of Firenze, a so-called embedded finance platform. Firenze …
Business
Evening Standard
Tesco ‘could use Clubcard data to nudge customers towards healthier choices’
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.Tesco could use shoppers’ Clubcard data to warn them when their baskets are becoming unhealthy, the grocer’s chief executive has said.Ken Murphy …
Business
Evening Standard
Historic food container brand Tupperware files for bankruptcy 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.Tupperware, the food container company founded 78 years ago, has filed for bankruptcy in the US.The historic brand, reportedly once used by …
Business
Evening Standard
Nick Read to step down as chief executive of Post Office next year
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.Post Office boss Nick Read is set to step down from the role next year, the company has said.Mr Read described it …
Business
Business Live
Public consultation on Tata plans for £1.25bn electric arc furnace at Port Talbot
A public consultation exercise ahead of a planning application for Tata Steel’s £1.25bn electric arc furnace investment at Port Talbot has begun. The 3.2 million tonne capacity arc furnace, which will make steel from scrap, is being backed with £500m in funding from the UK Government. The rest is being financed by Tata itself. The …
Business
Evening Standard
Examples of how inflation has accelerated or eased for everyday items
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.While the overall level of inflation in August remained at 2.2%, there was a wide variation in the rate across everyday goods …

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