Latest Stories All Stories

Business
Sky News
Chelsea bidders hit with demand for extra funds to secure £2.5bn charity windfall
The final three suitors for Chelsea Football Club have been handed an eleventh-hour demand to stump up £500m more to buy last season’s Champions League winners – just days before the potential anointment of a preferred bidder.Sky News has learnt that the trio of billionaire-studded consortia were informed in the last 48 hours that Roman …
Business
Evening Standard
Sainsbury profits to slump as it accuses rivals of ramping up prices
SAINSBURY’S today accused rivals of ramping up food prices, exacerbating the cost-of-living crisis as inflation bites hard on family finances.The grocer recorded profit for the year of £730 million, but said that could fall by up to £100 million next year as it keeps the cost of essentials such as bread, milk and potatoes as …
Business
Sky News
Nelly Furtado strikes right note with deal for her back catalogue
Nelly Furtado, the Grammy award-winning singer, is to become the latest international music star to reap rich rewards from her catalogue by striking a deal with a venture backed by Blackstone, the private equity giant.Sky News has learnt that Furtado, a Canadian whose hits include I’m Like a Bird, is on the brink of signing …
Business
Sky News
Barclays reports fall in profits as customers feel the impact of ‘harder conditions’
Banking giant Barclays has reported a 7% fall in quarterly profits, flagging the “impact higher prices are having” on its customers during the cost of living crisis.The lender posted pre-tax profits of £2.2bn for the first three months of this year, down from £2.4bn at the same time last year. CS Venkatakrishnan, chief executive of …
Business
Sky News
Sainsbury’s warns profits will be hit by cost of living crisis
Sainsbury’s has warned that its profits this year will be hit by soaring inflation and a fall in customers’ disposable incomes.Britain’s second-largest grocer behind Tesco said that its underlying profit before tax in 2022-23 was expected to be between £630m and £690m, compared to the £730m underlying profit it has reported for the year to …
Business
Sky News
Putin’s gas supply humiliation ritual is a warning shot towards Germany
Last week, the former German chancellor, Gerhard Schröder, gave a rare interview to the New York Times.Schröder has been elusive lately for a glaring reason: he, more than anyone else in recent decades, has been utterly and unashamedly associated with Germany’s reliance on Russian energy. Having left office, he worked for years on plans to …
Business
Euro News
Bitcoin ban: These are the countries where crypto is restricted or illegal
Business
Sky News
Former Parkdean owner joins race to say Hi-de-hi to Butlin’s
A former owner of Parkdean Resorts has joined the line-up of suitors for Butlin’s, the chain of holiday camps made famous by a 1980s BBC sitcom.Sky News understands that Epiris, the private equity firm which offloaded Parkdean in 2017, is among a handful of remaining bidders for Butlin’s. The leisure group’s other bidders include TDR …
Business
Sky News
Retail sales slump in April as shoppers stay cautious in the cost of living crisis
Retail sales slumped in Britain during April, reflecting the caution of shoppers as the cost of living crisis worsens.Figures from the Confederation of British Industry showed the first year-on-year fall in sales volumes in 13 months, with the balance falling to -35, well below the +9 seen in March. The survey deducts the number of …
Business
Sky News
What impact will Russia’s decision to cut off gas to Poland and Bulgaria have on Europe and the UK?
Russia has opened a new front in its war in Ukraine, cutting off gas supplies to two European Union nations that back Kyiv.It has been interpreted as the opening salvo in an intensified conflict across Europe as a whole, with gas supply being the main weapon. Both Poland and Bulgaria have been supplying Ukraine with …
Business
Business Live
Housebuilder Persimmon toasts robust forward order book worth £2.8bn
Housebuilder Persimmon says it has a robust order book worth £2.8bn as demand continues to outstrip supply. The York builder, founded by Northumberland businessman Duncan Davidson, issued a trading update for the period from January 1 to date, saying the firm is trading in line with expectations, on the back of strong demand. Ahead of …
Business
Business Live
London investor acquires third Birmingham building
A London-based property developer and investor has acquired its third building in Birmingham. Consortia Developments has acquired the Colmore Place apartment building in the city’s Jewellery Quarter. The freehold of the grade II listed building at 36-37 Cox Street has been bought in an undisclosed deal from Bricklane REIT. It was built in 1920 and …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources