The police are investigating “dozens of people” at the Post Office and Fujitsu, announced the head of a national operation. A team of 100 agents nationwide is investigating potential suspects and their involvement in the Post Office scandal. Hundreds of deputy postmasters were wrongly prosecuted for stealing from their branches between 1999 and 2015 after … Read more
Thames Water has revealed a 40% increase in sewage spills while warning that a looming decision on what it can charge its customers is “fundamental to our future”. The UK’s biggest supplier, which is struggling to avoid the prospect of a special administration amid massive debt, has always maintained that the regulator’s decision on its … Read more
A $10 billion-plus takeover bid for one of America’s largest drugstore chains is set to trigger a new Boots the Chemist auction after a series of failed attempts to sell the British retail giant detail. Sky News understands that Sycamore Partners, the private equity firm, is expected to seek separate ownership for Boots if it … Read more
One of Britain’s leading financial mutuals is in talks to buy Dalmore Capital, the infrastructure investor with a stake in the Thames “super sewer”. Sky News has learned that Royal London is among the suitors surrounding Dalmore, which began considering a sale earlier this autumn. Royal London’s interest is serious but has not yet resulted … Read more
Eliminating all incidents of pollution in the Thames Water network will be “nearly impossible” and a public debate is needed on the true cost of stopping all wastewater discharges, chief executive Chris Weston has said. Speaking on the occasion of the revelation of the company’s interim results pollution incidents increased by 40%Mr Weston said customers’ … Read more
Every Monday, on our Money blog, we welcome an expert to answer your money problems. Today’s question is from Ellie, who asks… “My outstanding student loan balance is around £5,000 and I’m paying it off with an interest rate of 4.3%. I can’t decide whether it would be better to pay it all off at … Read more
Demand for new staff at businesses has fallen to levels seen in 2020 following last month’s budget, according to a survey of major recruitment consultants. A monthly report from the Recruitment and Employment Confederation (REC) and accountants KPMG suggests the chancellor’s corporate tax raid Rachel Reeves on October 30, employers were forced to “reassess their … Read more
A London-listed marketer backed by Lord Ashcroft, the former Conservative Party treasurer, will this week announce the purchase of a key digital partner for sports properties including the men’s T20 Cricket World Cup. Sky News has learned that Brave Bison, which trades on junior exchange AIM and has a market capitalization of just under £30 … Read more
The Guardian’s owner is pushing ahead with the sale of the world’s oldest Sunday newspaper to a fledgling digital media company, just hours after scores of journalists went on strike to protest the deal. Guardian Media Group (GMG) and its parent company, Scott Trust, confirmed on Friday that the sale of The Observer to Tortoise … Read more
The UK’s biggest water supplier has received another offer, despite declaring itself ‘non-investable’. The latest bid for Thames Water came from infrastructure investor Covalis Capital, which would use French utility Suez, the company confirmed on Friday morning. If agreed, the supplier could be split into smaller companies, the Financial Times reported, and Suez would be … Read more