A UK pension scheme has been branded “deeply irresponsible” after investing in Bitcoin. The unnamed defined benefit scheme became the first in the UK to take the plunge, using 3% of its assets to buy cryptocurrencies last month. Pensions specialist Cartwright acted as an advisor to the program and said the allocation was “a strategic … Read more
One of the world’s biggest investment groups is in talks to help fund the owner of the New York Sun’s £550 million takeover of the Daily Telegraph. Sky News has learned that Apollo Global Management, which oversees assets worth $733 billion, has in recent days held initial discussions with Dovid Efune and his advisers about … Read more
Victims of the postal scandal will wait until the end of 2024 for improvements to the compensation system, otherwise the case “will be sent to court”, according to Sky News. A newsletter sent by Sir Alan Bates to members of the Group Litigation Order (GLO) scheme states that “if nothing has greatly improved” in terms … Read more
The breakup of one of Europe’s largest classifieds groups will be kicked off this week with the more than €500m (£414m) sale of Distilled, a major player in the Irish online advertising market . Sky News has learned that Adevinta, which was previously listed in Oslo and taken private by private equity firms Blackstone and … Read more
When Natalie Getreu was 31, single and focused on her career, she decided to freeze her eggs. She was able to save money on the process thanks to her work, but it still cost her £5,300. Natalie has joined the growing number of women spending thousands of pounds to delay pregnancy by freezing their eggs … Read more
Potential suitors have again begun circling ITV, Britain’s largest commercial terrestrial broadcaster, after a prolonged period of share price weakness and renewed questions over its long-term strategic fate. Sky News has learned that a number of potential bidders for part or all of the company, whose biggest shows include Love Island, have in recent weeks … Read more
Jaguar’s chief executive has slammed what he called “despicable hatred and intolerance” after the carmaker released a new advert. A 30-second clip posted Tuesday to the luxury car brand’s X account sparked backlash online after featuring a diverse group of models posing in bright clothing but without vehicles or the iconic leaping feline. The ad … Read more
The family that has owned Ann Summers, the lingerie and sex toy retailer, for more than half a century will explore options for the business, which could include a partial or majority sale. Sky News has learned that the Gold family is set to hire Interpath, the business consultancy, to work on a strategic review … Read more
Apax Partners is leading the race to buy the accounting arm of Evelyn Partners, a deal that is expected to revive one of the best-known names in the sector. Sky News has learned that Apax and Bridgepoint are the final two contenders to buy the company, with the deal expected to be signed as early … Read more
Bosch to cut up to 5,500 jobs due to slow sales of electric vehicles and competition from Chinese imports. It is the latest blow to Europe’s auto industry after Volkswagen and Ford announced thousands of job cuts last month. Cheaper electric cars made in China have made it harder for European manufacturers to remain competitive, … Read more