One of the largest manufacturers of luxury boats in Great Britain collapsed in the administration less than two months after its sale to new investors. Sky News learned that Fairline Yachts, based in Ondle, in Northampothire, had fallen into insolvency proceedings after DF Capital, the main lender of the company, triggered the appointment of Alvarez … Read more
The Chancellor said that the government was “absolutely happy” to consider joining a pan -European customs area after the EU declared himself open to British membership. Earlier this week, the European Commerce Commissioner, Maros Sefcovic, said that Brussels “could consider” authorizing the United Kingdom to join the Pan-Mediterranean Convention (PEM) as part of a “reset” … Read more
Women’s soccer has its first million-dollar player after American defender Naomi Girma left the San Diego Wave for Chelsea on Sunday. Chelsea announced the signing of Girma without disclosing the fee, but The Athletic and the BBC were among those who said the English champions had spent 900,000 pounds ($1.1 million) on the transfer. This … Read more
London’s fifth-largest airport will submit an application to aviation regulators this week that could allow it to capture a larger share of the leisure travel market. Sky News has learned that the City of London will present a bid on Monday to change the take-off and landing slopes used by planes entering and leaving the … Read more
There was an “unprecedented” increase in the number of companies on the verge of insolvency, according to a closely monitored report. The latest RED Flag Alert report by Begbies Traynor, an insolvency specialist, has shown that the number of people in critical financial difficulty increased by 50 % in the three months preceding December compared … Read more
Ed the driveway: Kia Niro EV 01:45 Kia Recalling more than 80,000 electric and hybrid vehicles in the United States due to improper airbag and seat belt deployment, the National Highway Traffic Safety Administration said Saturday. Affected vehicles are the 2023-2025 Kia Niro, 2023-2025 Niro EV and the 2023-2025 Niro Reging-In Hybrid. An all-electric Kia … Read more
The family behind Lakeland, one of Britain’s most prominent privately owned retailers, is exploring a sale after more than 60 years amid growing cost pressures sweeping the industry. Sky News has learned that Lakeland, controlled by founder Alan Rayner’s three sons, has appointed advisers to assess the appetite of potential buyers for a deal. Lakeland, … Read more
WH SMITH is in secret talks to sell all its street business in Great Britain over 230 years after opening its first store in the center of London. Sky News can exclusively reveal that the retail group listed, which has a market capitalization of nearly 1.5 billion pounds sterling, has been in negotiations with a … Read more
The Original Factory Outlet (TOFS), the independent discount retail chain, is set to be sold after more than 17 years under the ownership of private equity firm Duke Street. Sky News has learned that Baaj Capital, a family office which counts Style and Party Supplies Amscan International among its investments, has emerged as the favorite … Read more
For three days, Donald Trump dominated Davos from a distance. The fourth, he did it in person, albeit virtually, with a speech that took his threats of economic conflict with Europe directly to its political leaders. Stripped from the White House to the World Economic Forum, he delivered a message of complete confidence in American … Read more