Two of the world’s biggest buyout firms have joined forces to pursue a multibillion pound takeover of Boots, Britain’s largest high street chain of chemists. Sky News has learnt that Bain Capital and CVC Capital Partners are assembling a joint bid for the retail behemoth, which trades from more than 2000 stores and employs over
Business
SSE, one of Britain’s largest energy companies, has had to apologise after it advised customers to do star jumps, cuddle pets and eat porridge to stay warm in a blog post. OVO Energy owns SSE and said they are “embarrassed” by the blog, which was sent to customers “containing energy-saving tips”. The post has been
Bitcoin has fallen below $40,000 (£29,480) to hit its lowest level since August amid a wider sell off in risk assets – including some of the tech sector’s top names. The world’s biggest cryptocurrency briefly dipped to as low as $39,558 (£29,154) as it fell by more than 5% on Monday, adding to a slide
With lots of focus on the current cost of living crisis, new data for Sky News reveals which professions have been most affected. UK wage data from hiring website Indeed shows that only a few jobs have experienced wage increases far higher than inflation since the start of the pandemic. Those with the highest pay
WH Smith has kicked off a search for a new chairman as the high street and travel hub-focused retailer continues to grapple with the impact of the pandemic. Sky News understands that headhunters advising the chain have begun approaching prospective replacements for Henry Staunton, who has chaired the business since 2013. Mr Staunton, a former
The British company which has orchestrated a torrent of retail share placings for cash-strapped companies during the pandemic is in advanced talks to sell a big stake to the world’s largest technology investor. Sky News has learnt that PrimaryBid is close to finalising the details of a $150m (£110m) funding round that will be led
Thursday night usually marks the start of the weekend for workers in the United Arab Emirates – but not anymore. For years, the UAE has joined many Islamic countries in having Friday and Saturday as days off. But as a new year begins, the country has officially introduced a Western-style working week that will run
Eyewitness: Remembering a job done By James Matthews, Scotland correspondent Hunterston is a human story too. It showed in the gathering of around a dozen former employees who lined the approach road to watch this nuclear power station, their station, breathe its last. The 40-second rapid release of steam into the cold January air was
The US jobs recovery stalled at the end of last year even as official figures confirmed annual record growth in employment numbers. Closely-watched data from America’s bureau of labour statistics (BLS) showed the world’s biggest economy added 199,000 jobs in December – well short of the 400,000 figure pencilled in by forecasters. Experts said a
Oil and gas companies operating in the UK’s North Sea are expected to report “near record” income in 2021 and 2022 as the price of energy skyrockets. Wood Mackenzie analysis says that UK oil and gas operators are projected to record around $17bn in cash flow for last year, and approximately $18bn this year. Such
Unions and fair pay campaigners are demanding a recognition of UK workers’ contribution to the UK during the coronavirus pandemic as the annual ‘high pay day’ arrives – albeit a day later than usual. The High Pay Centre said 9am on Friday would mark the time when the median FTSE 100 chief executive (CEO) would
The scrapping of pre-departure coronavirus testing for people arriving in the UK has resulted in a leap in interest in international travel, companies have reported. The measure, which was introduced in the run-up to Christmas to combat the Omicron variant, will be withdrawn from 4am on Friday across the UK now Scotland has decided to
Boris Johnson’s government is set to announce new measures to help with rising energy bills within the next month. Ministers across government have now concluded that “something needs to be done” on energy bills ahead of a 1 April rise, although they have not yet determined what form this assistance will take. This means the
A local authority-backed energy supplier with 170,000 customers faces collapsing within weeks as a last-ditch search for new funding nears its end. Sky News has learnt that Together Energy, which is 50%-owned by Warrington Borough Council, is likely to run out of money later in January without an emergency capital injection. A source close to
Business Secretary Kwasi Kwarteng will hold further talks with energy suppliers on Wednesday as the government continues to explore ways of softening the blow of a forecast 50% increase to household energy bills. A third round of talks between industry and ministers in the week since the Christmas break comes after Boris Johnson said he
John Pasquale, long time real estate guru and legendary SoHo royalty, is the prestigious co-owner of PEP Real Estate, a full-service real estate management company with offices at 51 Wooster Street in SoHo, NYC. With a career challenging the longevity of the Queen of England, Pasquale offers services including sales and leasing of retail stores, offices,
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