Next mulls bid for Sir Philip Green’s collapsed retail empire Arcadia December 18, 2020 Next is reportedly weighing up a bid for Sir Philip Green’s collapsed retail empire Arcadia with US investment firm Davidson Kempner Capital Management. The high street retailer is holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of Topshop, Dorothy Perkins and Miss Selfridge, after it fell into administration last [...]
How Cyberpunk, the generation’s most hyped game, turned into its biggest disaster December 18, 2020 The Witcher 3, released in 2015, is rarely far from the upper echelons of “Best Game Ever” lists. Developed by Polish studio CD Projekt Red, it was a sprawling, hugely ambitious RPG that refused to offer players a neat solution to its deftly written quests. In its squalid, low-fantasy world, sparing the life of some [...]
FCA cancels £205,000 of bonuses after LCF scandal report December 17, 2020 The Financial Conduct Authority (FCA) has cancelled £205,000 worth of executive bonuses after a damning report found the watchdog had failed to properly regulate a collapsed firm. But FCA employees implicated in the report are now facing calls to pay back bonuses for previous years after an investigation found “significant gaps and weaknesses” in the [...]
Talktalk to go private after £1.1bn Toscafund deal December 17, 2020 Talktalk has this morning announced that it will be taken private in a £1.1bn deal with shareholder Toscafund and private equity firm Penta. Under the offer, shareholders of the broadband supplier will receive 97p per share, a 16 per cent premium on shares as of 7 October, when the offer was first made. The deal [...]
Cricket stars Michael Holding and Ebony Rainford-Brent given Freedom of the City of London December 15, 2020 Cricket stars Michael Holding and Ebony Rainford-Brent have been awarded the Freedom of the City of London. Former West Indies fast bowler Holding, 66, and Rainford-Brent, 36, the first black woman to play for England, are being recognised for their anti-racism advocacy as well as their sporting achievements. Due to Covid-19 restrictions, the pair will [...]
Government enters funding talks with EDF over Sizewell C nuclear plant December 14, 2020 The government has today confirmed that it has entered talks with EDF over funding options for the Sizewell C nuclear power station in Suffolk. The announcement, which came as ministers unveiled the long-awaited energy white paper, could see the government take a financial stake in the project. It comes after months of uncertainty regarding the [...]
Amazon to launch Prime Video on Sky ‘in time for Christmas’ December 14, 2020 The Amazon Prime Video app will launch on Sky Q, Sky Ticket and NOW TV devices from 14 December – just in time for Christmas. The news follows a new multi-year partnership agreement between the two companies, which brings Sky services to Amazon devices and vice versa. The move is the latest example of aggregation from [...]
Brexit: UK draws up bailout package for farmers and fishermen in case of no-deal exit December 13, 2020 The government is mapping out a multi-billion pound bailout package for British farmers and industry in case of a no-deal Brexit next month. The plans reportedly include emergency assistance for sheep farmers, fishermen, car manufacturers and chemical suppliers who would be hit by disruption and/or increased EU tariffs in the event of a no-deal Brexit. The [...]
Brexit trade talks to continue in Brussels as EU and UK vow to ‘go extra mile’ December 13, 2020 Post-Brexit trade talks will continue in Brussels next week after both sides vowed to “go the extra mile” to close a last minute deal, however Boris Johnson has also said the two sides are “very far apart” and that no-deal is now the most likely option. European Commission President Ursula von der Leyen said she [...]
Anthony Joshua vs Kubrat Pulev: How pay-per-view numbers tell the story of British boxer’s success December 11, 2020 British boxer Anthony Joshua defends his world titles against Bulgarian challenger Kubrat Pulev this weekend in a contest most will watch on pay-per-view television. A maximum 1,000 fans will be allowed to attend the SSE Arena in London on Saturday, but the rest must fork out £24.95 to watch on Sky Sports Box Office. All [...]