Synthomer, the London-listed chemicals group, is exploring plans to raise tens of millions of pounds from a sale of new shares as it tries to fortify its balance sheet. Sky News has learnt that Synthomer, which has seen its stock crash by more than 60% over the last year, is working with bankers at JP […]
Chemicals group Synthomer eyes share sale to shore up finances Read More »
A digital savings and mortgage platform which counts Starling Bank’s biggest shareholder among its backers has secured more than £15m in funding to help more aspiring homeowners get onto the property ladder. Sky News understands that Tembo, which was founded just over five years ago, will announce on Thursday that it has secured the money
Mortgage platform Tembo puts stamp on £16m fundraising Read More »
Pimco, the giant asset management group, is backing a £3bn deal orchestrated by the sports investment vehicle which owns stakes in the women’s professional tennis tour and Premiership Rugby. Sky News has learnt that Pimco, which manages roughly $2trn in assets, has agreed to anchor a €2.35bn senior debt financing expected to be finalised by
Bond giant Pimco backs £3bn deal with Six Nations Rugby investor Read More »
Early official figures are doing nothing to dispel concerns the economy remains stuck in the doldrums. The Office for National Statistics (ONS) has reported growth of 0.1% for the final quarter of 2025 – mirroring the 0.1% figure covering July to September – worse than the 0.2% expected by many economists. Growth of 0.1% was
Economy grows by worse-than-expected 0.1% in final quarter of 2025 Read More »
Millions more workers could be indirectly affected by changes to the salary sacrifice scheme announced in the November budget, a former pensions minister has warned. Chancellor Rachel Reeves announced that from April 2029 only the first £2,000 of pension contributions made through salary sacrifice will be exempt from National Insurance. Contributions above £2,000 will, from
Salary sacrifice changes could hit millions more Britons, pensions expert says Read More »
The government has announced new legislation to tackle “perverse incentives that discourage work”, which will affect Universal Credit’s health element and standard allowance. Among the reforms are a slashing of the health element of Universal Credit from £429.80 to £217.26 a month for new claimants – a cut of £212.54. Subscribe to our Money newsletter
Jeffrey Epstein had power and influence because he had money. It attracted wealth and those who also sought it. His fortune enabled the crimes he committed. Its role cannot be underestimated. The frenzied fallout from his death leaves a trail of questions over how he came by his money. Epstein files: See the latest revelations
Epstein scandal: How the paedophile financier made his millions Read More »
Social media users have been warned they risk breaking the law by promoting weight-loss jabs, after posts by members of the public endorsing the injections were banned by the advertising regulator for the first time. The Instagram, TikTok, and Facebook posts used discount codes and referral links to advertise the drugs for the online pharmacies
The jewellery tycoon, alleged to have orchestrated a £170m scam which defrauded a legion of wealthy investors, will be declared bankrupt if a bid by his former company’s liquidators is successful. Sky News has learnt that insolvency practitioners in charge of probing the demise of Vashi, a luxury diamond jeweller which had shops in some
Liquidators bid to have Vashi jewellery boss made bankrupt Read More »
Source: https://news.sky.com/story/mark-kleinman-blog-see-the-latest-stories-from-sky-news-city-editor-13505671
Mark Kleinman blog | See the latest stories from Sky News’ City editor Read More »