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Former Tesco chief takes stake in ‘Spotify for textbooks’ platform Perlego
An education technology company dubbed the “Spotify for textbooks” will this week announce a $20m fundraising led by Sir Terry Leahy, the former Tesco boss.Sky News has learnt that Perlego, a subscription-based digital library providing unlimited access to academic titles, will unveil its latest capital injection on Tuesday. New funding is also being committed to …
Business
Evening Standard
Grainger sees rents rise and forecasts more growth over year ahead
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.Residential landlord Grainger has reported a jump in rents and predicted further growth over the year ahead as demand shows no sign …
Business
Sky News
Very Group owners pick banks to spearhead £2.5bn sale
The family which relinquished control of The Daily Telegraph last year is to hire a trio of banks to oversee a review of ownership options for Very Group, their online shopping empire.Sky News has learnt that the board of Very Group – now chaired by Nadhim Zahawi, the former chancellor – is lining up Barclays, …
Business
Sky News
US Air Force reservist raises $5M for UK quantum start-up TreQ
A US Air Force Reserve brigadier-general will this week unveil a $5m funding boost for her British-based quantum computing start-up.Sky News understands that Mandy Birch, who is also an adviser to the UK’s National Quantum Computing Centre, has secured the capital for TreQ, a manufacturing company focused on building and operating open-architecture quantum computers. Based …
Business
Evening Standard
Shell’s refining margins tumble amid faltering demand
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.Shell has revealed a steep fall in quarterly profit margins in its oil refining business amid a slowdown in demand globally.The energy …
Business
Evening Standard
Sunday nights attracting more diners amid work-from-home shift, pizzeria says
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.More people are shaking off back-to-work blues and dining out on a Sunday evening, while Fridays have become “tougher” for hospitality firms …
Business
Evening Standard
Sainsbury’s to hire 20,000 staff for Christmas season
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.Sainsbury’s will be hiring 20,000 more shop workers, warehouse staff and drivers for the Christmas period as the retailer prepares for festive …
Business
Sky News
TGI Fridays close to rescue deal with Breal and Calveton
A rescue deal for the British operations of TGI Fridays which will salvage more than 2,000 jobs is on the verge of being finalised this weekend.Sky News has learnt that Breal Capital and Calveton, which jointly own the upmarket restaurants business D&D London, could agree a deal to acquire the majority of TGI Fridays as …
Business
Sky News
TGI Fridays close to rescue deal
A rescue deal for the British operations of TGI Fridays which will salvage more than 2,000 jobs is on the verge of being finalised this weekend.Sky News has learnt that Breal Capital and Calveton, which jointly own the upmarket restaurants business D&D London, could agree a deal to acquire the majority of TGI Fridays as …
Business
Business Live
Market revamp postponed so traders can have uninterrupted festive season
A multi-million pound refurbishment of Ellesmere Port Market is set to commence in early 2025, Cheshire West and Chester Council has confirmed. The revamp of the market hall has been postponed until the new year to ensure uninterrupted trading for stallholders and customers during the festive season. Despite the ongoing project, the market will stay …
Business
Sky News
How fiscal rules are impeding long-term investments – and what Rachel Reeves can do about it
Before we get onto the budget and what Rachel Reeves might do to fiddle her fiscal rules and give herself a little more room to spend, I want you to ponder, for a moment, a recent report from the Office for Budget Responsibility (OBR).This wasn’t one of those big OBR reports that get lots of …
Business
Sky News
Compare the Market investor plots sale of stake in £4.5bn price comparison site
An investor in one of Britain’s most popular price comparison sites is exploring the sale of its stake in a deal that could value it at more than £4bn.Sky News has learnt that the Canada Pension Plan Investment Board (CPPIB) is lining up advisers to assess whether to sell its 30% holding in Compare the …

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