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Channel 4 privatisation ‘ends restriction on producing and selling own content’
The privatisation of Channel 4 will remove a restriction on the broadcaster which “effectively prohibits” it from producing and selling its own content, according to the Government. As part of its newly published plans to reform British broadcasting, the Department for Digital, Culture, Media and Sport (DCMS) said it would pursue the sale of the …
Business
Business Live
Harrogate Odeon Cinema put up for sale in £7m-plus investment opportunity
A landmark North Yorkshire cinema has been launched on the market as a leisure investment opportunity for potential landlords. The opportunity to acquire the freehold interest in the Grade II listed 1930s Picture Palace in Harrogate, has been brought to market by CBRE’s operational real estate team. The prominent building is leased on a 25-year …
Business
Business Live
Landlord strikes £100m deal to help deliver 11,000 affordable homes by 2030
A Manchester landlord has agreed a £100m deal that will help is deliver 11,000 affordable homes by 2030. Great Places Housing Group has worked with Savills Financial Consultants to agree the revolving credit facility with NatWest. The deal consists of £85m refinancing of existing debt and £15m new debt. The deal consolidates existing loan funding …
Press Release
Pressat
How Pay Wink Leverages the Potential of Decentralised Exchanges
Integrating the latest blockchain innovations, Pay Wink Ltd. explores the latest DeFi use cases with the objective to revolutionise the traditional finance landscape. So far, three critical use cases have been assessed by Pay Wink: Token deployment on ERC-20 / BEP-20 / Polygon – Scrutinising the dynamics of stablecoins in global payment networks and the …
Press Release
Pressat
MyCoolClass Challenges Online Learning Sector with Global Teaching Talent Serving Students
LONDON – April 28, 2022 – MyCoolClass, a start-up cooperative of independent teachers and tutors, as well as workers and investor members, announced its new funding endeavor called community shares. MyCoolClass is a democratized learning platform that helps teachers with fair payment for their teaching and tutoring services. MyCoolClass is dedicated to fairness and equity …
Business
Business Live
Admiral and Principality among the best large employee workplaces in the UK
Two of Wales’ biggest employers have made the top ten of the best super large firms in the UK to work for. Motor insurance to loans venture Admiral, which employs more than 7,000 at its offices in Cardiff, Newport and Swansea, has been ranked fourth in the UK’s Best Workplaces 2022 initiative’s super large employer …
Business
Evening Standard
Barclays delivers £1 billion blow to investors after US trading debacle
NEW Barclays chief executive CS Venkatakrishnan had a shaky start to his tenure today, ditching a share buy back plan while he deals with a $15 billion trading blunder.He took over from Jes Staley in November, after Staley resigned over a probe into his relationship with Jeffrey Epstein, the convicted sex offender.Since then, things have …
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 …

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