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Sky News
Government ends 14 years of majority ownership over NatWest
NatWest has returned to majority private ownership, more than 14 years after it received a massive bailout by taxpayers following the financial crisis. On Monday, the government sold a further £1.2bn worth of shares back the bank, diluting its stake in NatWest below 50%. In 2008, NatWest – previously called Royal Bank of Scotland (RBS) …
Business
Evening Standard
Government stake in NatWest falls below 50% — 14 years after bailout
Business
Evening Standard
JP Morgan’s digital bank Chase launches 1.5% saver as rate rise sparks battle for cash
Business
Sky News
Shapps threatens to block P&O’s ‘brazen’ sackings and tells company its reputation ‘is in tatters’
P&O will have “little choice” but to reverse its decision to sack 800 staff under new measures due to be put before MPs this week, the company has been told by the transport secretary.In a letter to company boss Peter Hebblethwaite, Grant Shapps said proposals being brought to parliament would “ensure that seafarers are protected …
Business
Sky News
US buyout firm Sycamore plants £250m bid for fashion chain Ted Baker
Sycamore Partners, the US- based private equity group, has tabled a £250m offer for the London-listed fashion chain Ted Baker.Sky News has learnt that a proposal valuing Ted Baker at 130p-a-share was submitted in writing in the last few days. It was unclear this weekend whether it had been formally rejected, although City sources indicated …
Business
Sky News
Government to take 20% stake in next-generation nuclear power plant
The government plans to take a 20% stake in a new nuclear plant in Suffolk in a move to bolster the country’s energy security against a backdrop of global instability and a cost of living crisis.The French power giant EDF is also to take a 20% share in the delayed £20bn Sizewell C project. Ministers …
Business
Sky News
Chelsea FC sale: Bidders given April 11 deadline for final shootout
The four contenders vying to buy Chelsea Football Club will submit final bids on April 11, paving the way for a prospective new owner to seek government permission to take over from Roman Abramovich by the end of next month.Sky News has learnt that the remaining contenders have been notified by Raine Group, the merchant …
Business
Business Live
Major change coming to Manchester’s biggest hotel as group reveals multi-million golf and spa investment
Major change is coming to the biggest hotel in Manchester after it was acquired by a private equity firm, which owns part of Typhoo Tea, towards the end of last year. The prominent Macdonald Hotel, which boasts 338 bedrooms, is preparing to pull out of the city after the pandemic hit its finances and forced …
Business
Business Live
Wallsend building services firm John N Dunn impacted by Covid as losses widen
Building contractor John N Dunn Group says the pandemic had a significant impact on its trading as operating losses widened to £769,422 last year. The latest accounts for the Wallsend-based firm – which operates across northern England and Scotland – show turnover fell by 30% from £32.2m to £22.4m in the year to the end …
Business
Business Live
North East tourism sector hoping for post-pandemic recovery
Hopes that the North East’s crucial tourism sector is recovering after a disastrous two years caused by the pandemic have been outlined by senior figures in the industry. Hotel occupancy rates on Tyneside are rising and it is hoped that a number of major events happening in the region this year will add to the …
Business
Sky News
‘P&O, shame on you’: Protests across UK against sackings as ship remains grounded
Hundreds of people have demonstrated against P&O Ferries’ sacking of 800 staff at ports across the UK, with some chanting: “P&O, shame on you.”Protesters carrying banners and placards gathered in Dover, Liverpool, and Hull as part of what they called the “fight for justice” for the seafarers dismissed without notice earlier this month. The demonstrations …
Business
Sky News
Bidders told to commit £1bn to future of Chelsea in four-way shootout
The remaining contenders to buy Chelsea FC have been told they must commit at least £1bn to future investment in the club if they are to succeed in the battle to end Roman Abramovich’s two-decade tenure as owner of last season’s Champions League-winners.Sky News can exclusively reveal that the quartet of bidders which were this …

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