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
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
Every Thursday our Money Blog team interviews chefs from across the UK, to find out their cheap food tips and much more. This week we chat with award-winning TV chef Andi Oliver. It’s very difficult to make money in the hotel industry… People think you’re doing like a bandit if you have a busy restaurant … Read more
A £9bn contract for a nuclear submarine has been awarded to Rolls-Royce – hailed by the government as a victory for the UK’s economy and nuclear deterrent. The Ministry of Defense confirmed overnight that the British company – not to be confused with the luxury car maker – had won an eight-year contract to design, … Read more
Barclays is proposing to cut its chief executive’s fixed salary each year as part of an overhaul of its pay package that will cap his maximum salary at just over £14 million. Sky News has learned that Barclays has written to its major shareholders this week to inform them of detailed proposals that would change … Read more
Klarna investors have been asked to indicate their interest in selling their shares by the start of next month, which also indicates that the Buy Now Pay Later (BNPL) giant is set to launch a listing on the United States, valuing it at around $20 billion. Sky News has learned that shareholders in one of … Read more
HARARE, ZIMBABWE — When Tanya moved to Ireland to work in the healthcare sector in 2022, she was sure of three things: Her family would soon join her. Her husband would find work. And his children would go to a good school. At first, his movement went smoothly. Visas and permits were no problem. But … Read more