The founder of Argentex Group, the foreign exchange group that collapsed this year due to market turmoil triggered by President Trump’s tariff regime, has won the backing of Australia’s most powerful financial group for his latest venture. Sky News has learned that Macquarie’s Commodities and Global Markets group has taken a minority stake in Tenora, … Read more
One of the world’s biggest property investors is in advanced talks with a London-listed group over a £1bn logistics deal – weeks after the duo were embroiled in a takeover bid war for another industrial property group. Sky News has learned that Blackstone, the US private equity giant, is close to agreeing a deal to … Read more
An Irish start-up hopes the UK’s first drone food delivery pilot will be operational in 2026, subject to regulatory approval. With a fleet of specially designed 23kg quadcopters, Manna Aero has carried out more than 200,000 food delivery flights in the west of the country. DublinEspoo in Finland and Texas. As the company aims to … Read more
Customers of five water companies are facing higher-than-expected bill rises to combat inflation after the companies challenged limits imposed by the sector regulator. The Competition and Markets Authority (CMA) has been called in to review Ofwat’s determinations on what Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water could charge customers from … Read more
Donald Trump announced that the United States would impose additional 100% tariffs on Chinese imports, accusing it of taking an “extraordinarily aggressive stance” on trade. In a message published Friday on his Truth Social platform, the American president said Beijing had sent an “extremely hostile letter to the world” and imposed “large-scale export controls on … Read more
Legal & General (L&G) is planning an attack on the workplace pensions provider owned by FTSE-100 lender NatWest Group as its chief executive seeks to increase its share of the UK pensions market. Sky News has learned that L&G is one of a handful of suitors who have expressed interest in acquiring Cushon from NatWest. … Read more
Former Prime Minister Rishi Sunak has been hired by tech giant Microsoft. The former Conservative leader, who remains a Member of Parliament, has joined the Seattle-based tech company as a part-time paid senior advisor and will give the company “high-level strategic perspectives on macroeconomic and geopolitical trends” as well as how these “intersect with innovation, … Read more
Private equity firm Exponent is among a group of suitors considering a takeover of the UK arm of ADT, one of Britain’s largest providers of home security systems. Sky News has learned that Exponent, which owns companies including Ambassador Theater Group, Big Bus Tours and newspaper publisher Racing Post, is considering buying the business from … Read more
Google has warned the UK against imposing “onerous” and costly regulations after the competition watchdog ruled it had “strategic market status” for its search services. The Competition and Markets Authority (CMA) said the legal criteria had been met to appoint Google with status as a general search service and search advertising due to its “substantial … Read more
Messaging platform Discord said the official ID photos of around 70,000 users had been stolen by hackers. The app, popular with gamers and teenagers, claims that hackers targeted a company responsible for verifying the age of its users. Discord said its own platform was not breached. The stolen data could include personal information, partial credit … Read more