The Business Secretary is due next week to hold talks with dozens of private sector bosses as the government faces a corporate backlash to Labour’s first financial event in nearly 15 years. Sky News has learned that executives have been invited to join a conference call on Monday with Jonathan Reynolds, in what will mark … Read more
Starting a trucking company is not like opening a store or restaurant. Before your trucking business can start, you must meet certain requirements set by the government. It’s about more than just figuring out how to attract customers and retain employees. Here’s everything you need to do before starting your trucking business. Purchase the appropriate … Read more
Boeing employees have rejected a recent 35% pay rise, committing to more strikes as the company faces huge losses and delivery delays. As many as 33,000 workers at Boeing plants in Washington state, Oregon and California rejected a proposal to raise wages by just over a third over four years, with their union saying “after … Read more
A group of private equity groups is preparing bids for the accounting firm formerly known as Smith & Williamson. Sky News has learned that Bain Capital and Switzerland-based Partners Group are among the buyout firms considering whether to make initial offers for the Evelyn Partners division before this week’s deadline. They will join Apax Partners, … Read more
The energy supplier that bailed out rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the deal, delivering what it will say this week represents a £1.5bn windfall for taxpayers. Octopus Energy will announce on Thursday that it has paid more than £3bn to the government, … Read more
The Treasury is on track to complete the sale of the taxpayer’s stake in NatWest Group as early as spring next year, as officials consider whether to launch another share offering in the rescued bank. Sky News can reveal that, based on the current pace of share disposals by UK Government Investments (UKGI), the final … Read more
GoCardless, the digital payments platform, is set to become the third British fintech company in as many months to organize a share sale that will result in a windfall of more than £100m for its employees. Sky News understands that GoCardless, which was founded in 2011, is in the advanced stages of coordinating a secondary … Read more
While the odd bet on your football team to win at the weekend sounds like a harmless bit of fun, it could actually be ruining your chances of getting a mortgage. Lenders have always been cautious when it comes to approving mortgages, but some brokers have noted that even individual gambling transactions are now seen … Read more
A former Microsoft executive has been appointed as the next chairman of Ocado Group, the online grocery technology provider. Adam Warby, who chairs executive search firm Heidrick & Struggles and serves as a senior adviser to KKR, the powerhouse US-based investment firm, has emerged as a leading candidate to succeed Rick Haythornthwaite in the role, … Read more
The prospects of a rescue deal for Britain’s hypersonic aviation pioneer appeared to have dimmed this weekend when it emerged that talks with a Gulf-based government fund had stalled. Sky News has learned that negotiations between Reaction Engines and the UAE Strategic Development Fund, the investment arm of the Emirati Tawazun Council, about consolidating the … Read more