A music streaming service, whose shareholders include U2 bassist Adam Clayton and financier Guy Hands, is set to undergo a solvent restructuring that will pave the way for it to launch a series of new interactive TV channels in the UNITED STATES. Sky News has learned that the assets of MagicWorks, which trades as ROXi, … Read more
Across Europe, carmakers are cutting jobs and closing factories – to the point where some are questioning their very existence. So it’s worth asking the question: what’s wrong with the European (and for that matter American) auto industry? While some will draw their own conclusions (Brexit! Electric vehicle time limit ! Government regulations!) in practice, … Read more
Battery electric vehicles (BEVs) accounted for 25% of new car registrations in November, an increase of almost 60% year-on-year – and well beyond the government’s target, manufacturers have called on ministers to relax. BEVs were the only sector of the auto market to see an increase in sales in November, with new registrations falling almost … Read more
Thames Water’s largest group of creditors has failed to secure a veto over whether a £3bn emergency cash injection would be used to settle regulatory fines imposed over a series of breaches in terms of environment and performance. Sky News can reveal a clause stipulating the company’s A lenders – who account for well over … Read more
Fraser’s Group, the retail giant controlled by Mike Ashley, and discounter B&M are to be relegated from the UK’s blue chip share index. FTSE Russell, which operates the FTSE 100 and FTSE 250 indices, confirmed on Wednesday evening that its latest quarterly review would see the Sports Direct-led Frasers drop to the bottom tier for … Read more
False information spread on social media is blamed for soaring teenage abortion rates, experts have warned. Abortions among girls aged 15 to 17 have increased by a record 12 percent in just one year, following a dramatic drop in the number of girls using contraception, according to a new study. Experts attribute the shocking increase … Read more
A video was released moments before the killing of a top health care executive on a New York street in what police say was a targeted hit. Brian Thompson is shown walking in Manhattan when the killer appears behind a car and raises a gun – reportedly fitted with a silencer – about 15 feet … Read more
West Ham welcome Arsenal to the London Stadium in what promises to be a thrilling London derby. West Ham host the Gunners after a morale-boosting 2-0 win over Newcastle. Goals from Soucek and Aaron Wan-Bissaka secured their first victory since their 2-1 triumph over Manchester United at the end of October. Lopetegui hasn’t had the … Read more
A shortage of planes and engine-building difficulties could mean consumers face two more years of record flight prices. For decades, two large companies held a firm grip on the aircraft manufacturing market: Boeing with a 40.6% share and Airbus with the remaining 60.4%. But significant disruptions in the first sector are wreaking havoc around the … Read more
An investment vehicle founded by one of Britain’s biggest venture capitalists is in advanced talks to buy a portfolio of stakes in some of the country’s most promising technology companies. Sky News has learned that Lexham Partners, set up this year by Dominic Perks, is close to a deal to acquire stakes in companies including … Read more