Metals magnate Sanjeev Gupta has opened a new front in the battle to save his crumbling business empire with a legal action asserting his ownership of a $3 billion Australian steel producer. Sky News understands Mr Gupta’s holding company GFG Alliance has filed a claim with the High Court challenging a claim over its shares … Read more
Longtime private equity investors in The Alchemist, the popular downtown cocktail bar chain, are ending their ownership of the company. Sky News has learned that Palatine, who has owned The Alchemist since 2015, was working with advisers on an auction of the company. The Alchemist, which has weathered a difficult economic environment exacerbated by tax … Read more
The Post Office’s IT scandal compensation systems need to be improved and legal advice for victims funded, according to the government, which could create an independent body to deal with similar miscarriages of justice in the future. These announcements were made as part of the official response to the damning conclusions of the first volume … Read more
Britain is at the lowest risk of winter blackouts it has been at any time in the past six years, the national power grid operator has said. Not since the pre-pandemic winter of 2019-20 has the risk been this low, the National Energy System Operator (NESO) said. This is thanks to increased battery capacity to … Read more
Cristiano Ronaldo has become the first billionaire footballer, according to a report. The Al Nassr and Portugal striker’s net worth has been estimated at $1.4 billion (£1.04 billion) by the latest Bloomberg Billionaires Index. The valuation puts Ronaldo among a small group of billionaire athletes, including basketball greats Michael Jordan, Magic Johnson and LeBron James, … Read more
Less than 20% of all businesses operating in the UK are run by women and the rate of business start-ups is slowing. This is according to analysis of Companies House data by Prowess, which also reveals that women-led businesses receive just 5.8% of all investment. In our Women in Business series, we speak with women … Read more
The Bank of England sees future problems for the global financial markets if investors are turning to the prospects for artificial intelligence (AI) to come. THE BankThe financial policy committee declared in its last update on the state of the financial system that there was also a risk of market correction by intensifying concerns about … Read more
The gap of wealth in Britain is widening and it is now practically impossible for an average worker to save enough to become rich, according to a report. An analysis carried out by The Resolution Foundation, a left -wing reflection group, revealed that it would take average employees 52 years to accumulate savings which would … Read more
Sir Keir Starmer launched the first full-fledged trade mission to India since Theresa May was Prime Minister, bringing 125 British CEOs, entrepreneurs and academic leaders to Mumbai. The Prime Minister flew with dozens of Britain’s most prominent businessmen, including bosses from BA, Barclays, Standard Chartered, BT and Rolls-Royce, for a two-day trip aimed at strengthening … Read more
British steel manufacturers must be affected by another series of prices, even higher and more impactful than those collected by the United States, representing “an existential threat” for industry. The European Union (EU) increases the steel tax it is important, the price being 50%, double the 25% currently deducted by the Trump administration in the … Read more