Qatar’s leading state fund will confirm the purchase of a significant minority stake in the Audi Formula One (F1) team on Friday, marking the latest major global sports investment by a sovereign investor. Sky News has learned that the Qatar Investment Authority (QIA) has reached an agreement to acquire around 30% of the F1 team, … Read more
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
married to fellow television journalist Tony Berlin, with whom she shares two daughters. As a self-described woman of faith whose book “Faith Still Moves Mountains” was a #1 New York Times bestseller, she became an ascendant star on the Fox News network, even interviewing former ( and future) President Donald Trump during his first administration. … 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
The daughter of a post office victim who was investigated while battling terminal cancer says it’s time for Fujitsu to “take responsibility” for compensation. Katie Watson’s mother Fiona died in 2004, less than a year after she was forced to admit stealing from her branch. During the investigation, he was diagnosed with lymphoma. Ms Watson … Read more
London’s Smithfield meat market is set to close after more than 800 years, with trading expected to cease permanently after 2028. The City of London Corporation, which manages the site, said on Tuesday its council had voted to shut down the Smithfield and Billingsgate fish market. The original plan had been to relocate the markets … 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
Donald Trump threatened to impose new tariffs on Mexico, Canada and China on his first day in office. The president-elect, who takes office on January 20 next year, announced that he would introduce a 25% tax on all products entering the country from Canada and Mexico. Posting on his Truth Social platform, he also threatened … Read more