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New WH Smith owner Modella seeks to add Poundland to retail empire
The little-known investor cutting a swathe through the British high street has made it onto a shortlist of bidders vying to buy Poundland, the struggling discounter.Sky News has learnt that Modella is among a handful of bidders notified in recent days that they have made it through to a second stage of the auction of …
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Sky News
Hollywood is dying – but insiders fear Trump’s tariff threat may hasten demise
At Sony Production studios in Culver City, an area of Los Angeles steeped in the movie business, a steady stream of cars and lorries comes and goes through the security gate.It occupies the MGM lot which dates back to 1924. Gone With the Wind, The Wizard of Oz and Citizen Kane were shot here and, …
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Sky News
WH Smith buyer ‘faces 12-month ban’ on mass shop closures
The new owner of WH Smith’s high street chain has effectively been barred from launching a wave of mass store closures for at least 12 months amid plans for rapid restructurings at two other retailers it owns.Sky News has learnt that WH Smith would have the right to cancel a year-long transitional services agreement (TSA) …
Business
Sky News
Hovis and Kingsmill-owners in talks about historic bread merger
The owners of Hovis and Kingsmill, two of Britain’s leading bread producers, are in talks about a historic merger amid a decades-long decline in the sale of supermarket loaves.Sky News has learnt that Associated British Foods (ABF), the London-listed company which owns Kingsmill’s immediate parent, Allied Bakeries, and Hovis, which is owned by investment firm …
Business
Sky News
M&S tells agency workers to stay at home after cyberattack
Marks & Spencer (M&S) has ordered hundreds of agency workers at its main distribution centre to stay at home as it grapples with the unfolding impact of a cyberattack on Britain’s best-known retailer.Sky News has learnt that roughly 200 people who had been due to undertake shift work at M&S’s vast Castle Donington clothing and …
Business
Sky News
Nandy to sign off appointment of Kogan as top football referee
Lisa Nandy, the culture secretary, is to sign off the appointment of a chair of English football’s new referee within days.Sky News has learnt that David Kogan, a media industry veteran who has helped negotiate a string of television rights deals across the sport in recent decades, is to be formally approved as chair of …
Business
Sky News
Audio technology group Waves hello to £300m London float
An audio technology business used by many of the world’s leading musicians is plotting a £300m City flotation in a boost to London’s flagging stock market.Sky News has learnt that Waves Audio, which is headquartered in Israel, has hired bankers to oversee an initial public offering which could take place as soon as June. The …
Business
Sky News
UK car exporter’s shares slump to four-year low on trade war warning
A UK-based car distributor has seen its shares hit a four-year low after reporting a fall in sales and warning of hits ahead from Donald Trump’s trade war. Inchcape, which exports cars for manufacturers across more than 40 countries globally, saw its stock lose up to 16.9% in early trading on Wednesday after its first …
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Sky News
Chancellor outlines red lines for US trade deal
Britain will not lower its standards or water down regulation in exchange for a trade deal with the US, the chancellor has confirmed.Rachel Reeves was speaking ahead of a pivotal meeting with her American counterpart in Washington DC. In an interview with Sky News, Ms Reeves said she was “confident” that a deal would be …
Business
Sky News
Sports rights veteran Kogan in talks to chair Starmer’s football watchdog
A media industry veteran who has helped negotiate a string of broadcast rights deals across English football has emerged as the frontrunner to head Sir Keir Starmer’s new football watchdog.Sky News can exclusively reveal that David Kogan, whose boardroom roles have included a directorship at state-owned Channel 4, is now the leading contender to chair …
Business
Sky News
How market turmoil has affected mortgages, savings, holidays and fuel
Global financial markets have been on a rollercoaster ride over the past few days, but now, with President Donald Trump having paused his “retaliatory” tariffs, the situation should stabilise.Here, we outline how the pound in your pocket has been affected. Stock markets, bonds and currencies moved sharply after Mr Trump put a 90-day pause on …
Business
Sky News
Trump has finally blinked – but it’s not the stock markets that have forced him to act
Chalk this one up to the bond vigilantes. This is the term used periodically to describe investors who push back against what are perceived to be irresponsible fiscal or monetary policies by selling government bonds, in the process pushing up yields, or implied borrowing costs. Most of the focus on markets in the wake of …

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