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Sky News
Liverpool shareholder RedBird seeks €1bn extra-time winner with AC Milan bid
An investment vehicle which owns a stake in Liverpool Football Club’s parent company is trying to gatecrash a €1bn-plus takeover of AC Milan, one of the giants of Italian football.Sky News has learnt that RedBird Capital Partners has approached the Serie A team’s owner – the US-based hedge fund Elliott Management – about a deal. …
Business
Sky News
Interest rate raised to 1% by Bank of England despite predicting big hit to economy ahead
The Bank of England has raised the base rate of interest to 1% – the fourth consecutive increase as it continues to move against surging inflation – despite issuing a warning about a recession ahead.The Bank forecast that the UK economy will shrink later this year in the face of double-digit inflation and an unprecedented …
Business
Sky News
Chelsea FC sale: Clearlake stake in Blues to be reduced in restructured deal
The American private equity firm financing the preferred bid to buy Chelsea Football Club will take a reduced stake in the Blues under a restructured deal that it wants to finalise within days.Sky News has learnt that Clearlake Capital is expected to own approximately 60% of Chelsea’s shares if the consortium spearheaded by Todd Boehly, …
Business
Sky News
EU oil embargo on Russia will be painful for both – but will reduce Putin’s ability to wage war
The EU was notable by its absence when, in early March, the US and the UK announced they would no longer be importing oil from Russia.The reason was that the EU was worried its economies, particularly those with big energy intensive industrial users like Germany, would grind to a halt without access to Russian hydrocarbons. …
Press Release
Pressat
Fast growing VC fintech makes raft of hires
Following significant growth in client numbers and increasing demand for its Venture Capital focused services, London based fintech ‘Kin Group’ today announces 7 new hires. Kin’s primary focus of using its proprietary technology to help asset managers launch, operate and service Venture Capital funds has seen significant growth over the last 12 months. Six of …
Business
Euro News
The EU says Russia’s biggest bank Sberbank will be banned from SWIFT. Here’s what it means
Business
Sky News
EU’s planned Russian oil ban, soaring shop prices and Crossrail gets launch date
On today’s episode, Ian King has the latest from the European Commission president on plans for a “complete” ban on oil imports from Russia in the latest round of sanctions over the invasion of Ukraine.He’s also joined by the chief executive of the British Retail Consortium, Helen Dickinson, after figures reveal shop prices are at …
Business
Business Live
Architects named for £25m ‘reimagining’ project at Tate Liverpool
The architecture firm which will design a £25m “reimagining” project at Tate Liverpool has been named. London-based 6a architects has seen off competition from Asif Khan architects, Feilden Clegg Bradley Studios, Witherford Watson Mann architects for the contract. 6a architects was founded by Tom Emerson and Stephanie Macdonald in 2001 and its previous projects have …
Business
Business Live
South Wales psychology and leadership consultancy acquired in MBO deal
Newport-based psychology and leadership consultancy, Insight HRC, has been acquired in a management buyout. The deal, the value of which hasn’t been disclosed, sees the long-standing management team of Pip Gwynn, Jemma MacLean, Jessica Cooper and Laura Di Rienzo taking on ownership. The MBO has provided an exit for founders John Lazarus and Simon Wiltshire …
Business
Evening Standard
Music pubs bring cheer for Wetherspoon’s as costs bite
PUBS that do music have better sales since the end of lockdown than those that do not, says JD Wetherspoon.Its 47 “Lloyds” branded pubs have seen sales up 3.4% in the last quarter, compared to a 4% fall for the rest of the estate.Chairman Tim Martin said: “As many hospitality companies have indicated, there is …
Business
Evening Standard
Don’t bend City rules for the sake of a London float
A statement from the government: “We want to make the UK the most attractive place for innovative businesses to grow and raise capital.”Well, that’s easily said. And on the face of it no-one is going to disagree with the sentiment. Do we actually mean it?I don’t think we do. It is not for London to …
Business
Euro News
Musk says Twitter may charge ‘slight’ fee for businesses and governments after takeover

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