The owner of Loveholidays, one of Britain’s biggest online travel agents (OTAs), has added to the syndicate of banks preparing to help it launch a spring stock market listing in London. Sky News has learnt that Investec is working alongside Barclays and JP Morgan on the initial public offering, which could be unveiled as early […]
Loveholidays targets March launch for £1bn London float Read More »
A U-turn by the Treasury will see pubs and music venues across England and Wales handed temporary relief from the worst of planned rises to business rates. The government has been under pressure to act after changes made in the budget in November, alongside the end of support from the pandemic, meant businesses – and
Pubs and music venues to be handed business rates relief after government U-turn Read More »
Ground rents for leaseholders will be capped at £250 a year before dropping to a peppercorn rent after 40 years, Steve Reed has announced. The housing secretary confirmed the move on Tuesday morning, hitting out at ground rents as a “a bit of a scam”, “a racket” and “paying money for nothing”. Ground rents are
Millions to benefit as minister announces cap on ‘scam’ ground rents Read More »
Energy bills for households and businesses are facing upwards pressure from a surge in wholesale natural gas costs, according to market experts. Both day-ahead and month-ahead contracts rose further on Monday as high demand and supply disruption in the storm-hit United States take their toll on prices across Europe, crucial not just for gas supply
Energy price cap facing upwards pressure from US storm Read More »
The number of people living in “very deep poverty” in the UK is at the highest level in more than 30 years, a charity has warned. In its latest report, the Joseph Rowntree Foundation (JRF) said data up to the end of the 2023/24 financial year shows more than one in five people in the
The British operations of Claire’s, the accessories retailer, have collapsed into administration just four months after their last brush with insolvency, putting more than 1,000 high street jobs at risk. Sky News understands that insolvency practitioners from Kroll were formally appointed as administrators to Claire’s UK and Ireland earlier on Monday. It comes three weeks
Claire’s collapse into administration renews high street fears Read More »
A consumer tech rental service which has struck partnerships with Apple, Dyson and Sony’s PlayStation brand has landed £30m in new financial backing and an alliance with LG, the Korean electronics giant. Sky News has learnt that Raylo, which was founded in 2018, will announce on Tuesday that the American financial services giant Citibank has
Tech rental subscription service Raylo clicks on £30m fundraising Read More »
An NHS-licensed digital healthcare platform which says it serves more than two million patients will this week announce a $25m funding boost. Sky News has learnt that Evaro, which offers next-day prescription services for contraceptive and sexual health products as well as scores of minor conditions, has landed an injection of capital from investors led
NHS-licensed digital platform Evaro lands $25m funding boost Read More »
Bank of Scotland (BoS) has been fined by a regulator for breaking sanctions related to Russia’s war in Ukraine. The Office of Financial Sanctions Implementation (OFSI) said a penalty of £160,000 had been imposed over financial transactions dating back to 2023. The body said the bank processed 24 payments in February that year totalling £77,383
UK bank fined for breaking Russia sanctions Read More »
If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, we speak to someone from a different profession to discover what it’s really like. This week we chat to barrister Benjamin Knight, from Central Chambers, Manchester, and Liberal Chambers, London. Take-home pay can be