A workplace lender which counts the FTSE 100 companies Experian and Legal & General among its shareholders has secured a £460m financing war chest as it seeks to roll out its products to millions more British employees. Sky News understands that Salary Finance will announce on Thursday that it has lined up the expanded debt […]
L&G-backed Salary Finance banks on £460m debt war chest Read More »
High Street Fashion giant Next has snapped up luxury footwear business Russell & Bromley from administration in a rescue deal. Next announced it paid £2.5m to acquire the 145-year-old family-owned shoe retailer through an insolvency process. Under the deal, Next owns the Russell & Bromley brand and intellectual property. Money blog: Interest rates ‘will fall
Uncertain future for 33 Russell & Bromley shops after Next buys shoe chain Read More »
The London-listed private equity firm Bridgepoint has struck a deal to back a provider of data and intelligence to the global infrastructure and project finance industries. Sky News understands that Bridgepoint Growth has agreed to buy a minority stake in Exile Group, which was founded in 2013 in Deptford, south-east London. The deal, which will
Bridgepoint goes into Exile with £30m infrastructure finance data deal Read More »
Rachel Reeves says Britain will not be “buffeted around” by American threats to levy fresh tariffs as part of its pursuit of Greenland. Speaking to Sky News in Davos ahead of Donald Trump’s arrival at the World Economic Forum, the chancellor said her policies and approach in Davos would defend the British national interest. “Britain
Britain will not be ‘buffeted around’ by Trump tariffs, says Rachel Reeves Read More »
Elon Musk has said he could buy Ryanair amid an ongoing public spat with the budget airline’s boss Michael O’Leary. The two have clashed numerous times over the past few days, resulting in Mr Musk asking his X followers if he should buy Ryanair and “restore Ryan as their rightful ruler”. Ryanair responded by announcing
Why is Ryanair fighting with Elon Musk? Read More »
Microsoft, the $3.4trn computing behemoth, will this week unveil a partnership with the Mercedes Formula One team that will underline the sport’s resurgent appeal among the world’s biggest technology companies. Sky News understands that Microsoft will be announced as a major sponsor of the Brackley-based outfit when it unveils its 2026 car livery and design
Microsoft clicks on Formula One grid with new Mercedes deal Read More »
The rate of price increases rose again in December, official figures have confirmed, with inflation rising to 3.4%. It’s higher than anticipated – an increase to 3.3% was forecast by economists polled by the Reuters news agency. Data from the Office for National Statistics (ONS) showed the consumer price index (CPI) measure of inflation ticked
Inflation ticks up for first time in 5 months to 3.4%, ONS figures show Read More »
Elliott Wood has something you’re probably going to want. Like most of us, every month he gets a bill for his monthly energy use. Only his bill… is free. Elliott Wood Image: Elliott Wood He’s living in a new breed of “zero bills” homes, which comes with solar panels, heat pumps and batteries. Together, that
Inside the new breed of ‘zero bills’ homes where you pay nothing for your energy Read More »
Netflix has seen its shares fall sharply despite upbeat financial results revealed hours after it simplified an offer for Warner Bros in a bid to get the deal over the line. The world’s largest streaming service by subscriber numbers said paid households had swelled to a record 325 million over the final three months of
Netflix disappoints investors after bid for Warner Bros simplified Read More »
Next is closing in on a deal to add Russell & Bromley (R&B) to its stable of brands as another prominent retail name prepares to disappear from the high street. Sky News has learnt that the fashion chain and its bidding partner, the stock clearance specialist Retail Realisation, could strike a deal to buy R&B
Next steps forward with winning bid for Russell & Bromley Read More »