Marks & Spencer (M&S) and owner B&Q have expressed interest in taking over dozens of stores operated by Homebase, the DIY chain which fell into administration this month. Sky News has learned that M&S and Kingfisher are among the retailers circling the remaining Homebase park of almost 50 outlets, ahead of deals closing on Friday. … Read more
British car production has slowed, industry figures show, the latest sign of a struggling sector. For the eighth month in a row, UK car manufacturing has fallen, according to data from the Society of Motor Manufacturers and Traders (SMMT). In October, 15.3% fewer cars rolled off factory lines compared to the same month last year, … Read more
The city’s watchdog is to give the companies it investigates an additional window to challenge the allegations, as it seeks to defuse the months-long row over its so-called “name and shame” proposals. Sky News has learned that the Financial Conduct Authority (FCA) plans to reveal on Thursday that it will give those under investigation 48 … Read more
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