Sunak accused of ‘dither’ on decision to sack deputy PM Raab over bullying report April 21, 2023 Dominic Raab is determined to battle on as Rishi Sunak ponders whether to sack the Deputy Prime Minister after receiving a report into whether he bullied officials. After being accused of “dither”, the Prime Minister was taking a second day to determine whether he will kick Mr Raab out of his Cabinet as he reviews [...]
SpaceX Starship: Elon Musk owned rocket – the biggest and most powerful ever – explodes minutes after take off April 20, 2023 SpaceX’s Starship – the biggest and most powerful space rocket ever developed – has exploded minutes after blasting off. The launch, which took place from SpaceX’s Starbase in the US state of Texas, came after a stuck valve forced a launch attempt on Monday to be aborted. While Thursday’s launch saw the rocket leave the [...]
Mark Kleinman: The CBI’s arrogance has been breathtaking April 20, 2023 The CBI has failed to manage a crisis of its own making, says Sky News' Mark Kleinman in his fortnightly column
Subway: ‘Club’ deal as Advent, Bain and TPG face off with Asda owners in £8bn race for sandwich giant April 19, 2023 A flock of the world’s biggest buyout firms are eyeing the possibility of a joint bid for Subway, joining the owners of Asda in the race to acquire the sandwich chain. Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal” as the second round of auctioning for the American [...]
Asset manager Liontrust in talks to buy Swiss rival GAM April 18, 2023 London-listed asset manager Liontrust is in talks to snap up its Swiss rival GAM Holding, the firms confirmed today.
IN PICTURES: See Manchester City’s plans for £300m upgrade to Etihad Stadium April 18, 2023 Premier League champions Manchester City have formally submitted a planning application for a £300m upgrade of their Etihad Stadium that would take capacity to more than 60,000. The improvements are centred on the North Stand, which is to get a new, enlarged upper tier and will connect to a new complex featuring a hotel, club [...]
FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
Supporting South Africa’s rarest wildlife on safari with Lepogo Lodges April 17, 2023 I’m admiring the rolling plains of the Lapalala Wilderness Reserve, but not with the naked eye – on a computer screen. Flashing red dots indicate roaming beasts, rhinos and leopards, which are being monitored, and tiny, moving shapes show the reserve’s trackers as they drive around this remote part of northern South Africa. We’re three [...]
Barclays follows Citi, Goldman and Morgan Stanley in cutting 100 investment bank jobs despite rate hike profits April 17, 2023 Barclays will follow Citi, Goldman Sachs and Morgan Stanley in cutting more than 100 investment banking jobs, according to Sky News’ Mark Kleinman. The London-based bank is set to axe the jobs following the industry slowdown in deals and IPOs. The layoffs will be spread across multiple countries and across divisions in the bank, it was [...]