A community action group in Tunbridge Wells is demanding the “immediate” sacking of South East Water’s chief executive after weeks of outages which have left tens of thousands of customers without water. Sky News has seen a letter from Dry Wells Action, which was formed by residents and businesses in the Kent town, to Chris […]
South East Water action group demands boss’s immediate removal Read More »
The price of gold has surged past the record $5,000 per ounce level and shows little sign of easing back as investors continue to seek shelter from uncertainties connected to Donald Trump. The commodity – a traditional safe haven for investors in troubled times – has been in high demand during the US president’s second
Gold rushes past record $5k in hedge against Trump Read More »
One of Britain’s most prominent online beauty retailers is exploring options to raise new funding through a process that could lead to an outright sale. Sky News has learnt that Beauty Bay, which is based in Manchester, has appointed advisers to undertake a strategic review. Sources said a process to seek new investment was likely
Online retailer Beauty Bay hires advisers to explore sale Read More »
Donald Trump has threatened to impose a 100% tariff on goods imported from Canada over its proposed trade deal with China. Canada negotiated an agreement to lower tariffs on Chinese electric vehicles in return for lower import taxes on Canadian farm products earlier this month. The US president initially said it was what Canadian prime
Trump threatens Canada with 100% tariff over China trade deal Read More »
The sports vehicle backed by CVC Capital Partners, the former owner of Formula One motor racing, is close to striking a $300m deal to buy a majority stake in Equine Network, a US-based equestrian sports league. Sky News has learnt that Global Sport Group (GSG), which owns stakes in assets such as women’s professional tennis
CVC-backed Global Sport Group adds to stable with $300m Equine Network deal Read More »
A wealthy US-Saudi investor who expressed an interest in buying Chelsea Football Club four years ago has been in talks with one of the founding members of the English Football League about a potential investment. Sky News has learnt that Amr Zedan, who has business interests spanning sectors from energy to horseracing, has held a
Championship club Preston North End FC holds talks with Chelsea suitor Read More »
Britain’s largest operator of private hospitals is in talks with a pack of buyout firms about a takeover that would result in it becoming the latest FTSE-250 company to disappear from the London stock market. Sky News has learnt that private equity firms including Bridgepoint and Triton Partners are exploring bids for Spire Healthcare Group,
Buyout firms plot £1.5bn takeover of private hospitals giant Spire Read More »
TalkTalk Group has kicked off talks with prospective bidders for divisions including one of Britain’s biggest consumer internet providers. Sky News has learnt that TalkTalk, which supplies landline and broadband services to about 1.7 million UK customers, has begun discussions with potential buyers in the last few days. The initiation of talks comes about four
TalkTalk dials up effort to sell consumer and wholesale arms Read More »
Switzerland has been neutral ground in the heart of Europe for more than 500 years. This week, Davos provided a safe space for a full-frontal assault on the continent’s economic and political model that will be felt long after the canapes are cleared. The World Economic Forum has always relied on a political presence to
Never before has Davos been so comprehensively hijacked by one man Read More »
The London-listed trading and investing platform IG Group has broken ranks with industry rivals by backing Rachel Reeves’s plans to overhaul Britain’s most popular savings product. Sky News has seen a letter from Michael Healy, the UK managing director of IG Group, in which he argues that cash ISAs “have become too popular relative to
Trading platform IG Group backs Reeves on cash ISA curbs Read More »