Lawyers representing British motorists who had to pay inflated prices to deliver vehicles to the UK have agreed settlements worth £38 million after a years-long battle alleging they were defrauded by a cartel of shipping companies. Sky News understands that Mark McLaren, the representative of the group which filed the complaint, and Scott+Scott, the US … Read more
With Leicester sitting just one point above the relegation zone and manager Steve Cooper losing the confidence of his players, chairman Aiyawatt Srivaddhanaprabha made the bold decision to sack the former Nottingham Forest boss on November 24. Ruud Van Nistelrooy is expected to become the next manager. of the Foxes, while interim head coach Ben … Read more
The Observer staff joining Tortoise Media, the world’s oldest Sunday newspaper, will be offered continued access to Guardian job vacancies in a last-ditch compromise offered before the company’s first strike for decades. Sky News has obtained a memo sent to Guardian Media Group employees on Monday from Anna Bateson, the company’s chief executive, which outlines … Read more
The Treasury is set to finalize Rachel Reeves’ first visit to China as chancellor just days before Donald Trump is sworn in for the second time as US president. Sky News understands that Whitehall officials have planned a mid-January resumption of economic and financial dialogue between the UK and China after a six-year hiatus. Sources … Read more
A mining group whose financier Nick Candy is the largest shareholder is set to snap up a London-listed gold explorer to create an enlarged group worth more than £150 million. Sky News has learned that Metals Exploration, also listed on the AIM junior market, is close to completing a cash and stock deal to acquire … Read more
It’s one of the most popular times of year to propose: according to Bridebook, a popular wedding planning app, more than 100,000 engagements take place during the holiday season. But as Brits feel the effects of years of high inflation, how much are people spending, what cuts are they planning and what happens to the … Read more
People from all parts of the UK, representing all age groups, including a significant majority of Labor voters, believe the rate of inflation will rise next year across a range of categories, since invoices and purchases until exits. Nearly three-quarters (71%) of those surveyed between November 22 and 25 expect the inflation rate to increase. … Read more
The owner of the UK’s largest natural gas storage site has warned of a depletion of stocks by the end of winter due to early cold weather and a lack of wind power. Centrica, which operates the North Sea crude plant, said stocks could be lower than in previous years due to higher demand. It … Read more
The owner of Britain’s best-known spa hotel has called on bankers to help explore strategic options on the eve of its centenary. Sky News has learned that Champneys has appointed Cavendish to advise on possible transaction opportunities, including the acquisition of a new site as well as the sale of the business. The company’s locations … Read more
HSBC Holdings, one of Britain’s biggest banks and Europe’s biggest lender by market value, is preparing to launch the hunt for its next chairman. Sky News has learned that HSBC’s board has appointed headhunters to orchestrate the recruitment of the successor to Mark Tucker, who has held the role since 2017. City sources said this … Read more