Latest Stories All Stories

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 …
Business
Sky News
P&O ferry detained over safety concerns after ‘failures’ training new crew
A P&O ferry has been detained in Northern Ireland on safety grounds – just days after 800 workers were sacked without notice and replaced with cheaper workers.The Maritime and Coastguard Agency (MCA) said the ship, The European Causeway, was held in Larne “due to failures on crew familiarisation, vessel documentation and crew training”. Its statement …
Business
Sky News
Petrol stations pass on just 2.71p of Sunak’s 5p fuel duty price drop to drivers, data shows
Petrol stations have failed to pass on the fuel duty savings announced by the chancellor in his spring statement, new data has shown.According to the AA, petrol prices have fallen just 2.71p, and diesel was down 1.59p, despite Rishi Sunak saying on Wednesday a 5p fuel cut would come into force immediately. Research from the …
Business
Euro News
Doing business with Russia: For big international brands it’s not always black and white
Business
Sky News
Chicago Cubs owners draft in bankers to help salvage Chelsea takeover dream
The owners of the Chicago Cubs are drafting in a heavyweight investment bank as they attempt to salvage their bid to buy Chelsea Football Club.Sky News has learnt that the Ricketts family and Ken Griffin, the Citadel hedge fund billionaire, are in talks to appoint Lazard to advise on their offer for the Stamford Bridge …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources