Ovo Energy, fourth energy supplier from British households, has entered into an agreement of 150 million pounds sterling to acquire its brand from the founder of the company as part of a reorganization which should lead to an increase or a sale of capital . Sky News understands that OVO has accepted a non -monetary … Read more
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
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
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