Guy Hands, the billionaire financier, is plotting the sale of the Ministry of Defence’s (MoD) biggest landlord in what could be one of Britain’s biggest private equity deals of 2022. Sky News has learnt that Mr Hands’ Terra Firma Capital Partners has begun talks with investment banks about overseeing an auction of Annington Homes. City
Business
Tencent Holdings, the Chinese technology behemoth, is taking a stake in Monzo, the British-based digital bank which has confounded expectations by securing a $4.5bn (£3.3bn) valuation. Sky News has learnt that Tencent, which has become a prolific investor in Europe‘s burgeoning tech sector, has subscribed to shares as part of a $100m (£74m) top-up to
New rules banning a loyalty penalty for car and home insurance customers take effect from 1 January. The rules mean customers renewing their policy will have to be offered a price no higher than if they were a new customer. They are designed to tackle the practice of “price walking”, where firms offer below-cost deals
The owners of Shawbrook, one of Britain’s biggest challenger banks, are exploring plans to list it on the London Stock Exchange less than five years after taking it private. Sky News has learnt that BC Partners and Pollen Street Capital, the two private equity firms which each own 50% of Shawbrook, are holding talks with
Taunton has been named as the house price hotspot of 2021, with average values rising 21.8% this year – three times the UK average of 6.2%. Prices in the Somerset county town increased by £56,546 to £315,759, according to Halifax. Newark in the East Midlands had the second-largest growth as values rose 20% in a
Liquidators of the Thomas Cook travel empire which became one of Britain’s best-known companies during its 178-year history have launched a bid to offload its stake in the company behind the UK’s air traffic control operations. Sky News has learnt that AlixPartners, the professional services firm, launched a process shortly before Christmas to sell Thomas
Households face an average hit of £1,200 to their incomes from the double whammy of rising energy bills and taxes, a think tank has said. The Resolution Foundation (RF) says families are facing a “cost-of-living catastrophe” when the energy price cap goes up and National Insurance contributions (NICs) rise by 1.25 percentage points in April.
A health minister has defended the government’s decision not to offer the hospitality sector more financial support, saying venues remain “pretty full”. Business leaders have issued a fresh call for more economic help for the hospitality sector after fears around the new Omicron variant led to a steep decline in trade in the usually busy
Footfall at shopping sites across the UK on Boxing Day fell to almost half of levels seen pre-pandemic, figures show. Shopping centres, usually filled with Boxing Day sale bargain hunters, saw footfall plunge by almost 50% compared to the same day in 2019, while high streets and retail parks saw falls of 38% and 40%.
New Year’s Eve plans in England have been given the green light, as Sajid Javid confirmed the government will not be imposing any further restrictions before the New Year. The health secretary said people should “remain cautious” when taking part in New Year’s celebrations – and take a lateral flow test before attending events. Mr
Business Secretary Kwasi Kwarteng is to hold meetings with energy bosses today to address rapidly rising gas and electricity prices. Mr Kwarteng will meet with the bosses of major energy suppliers who are likely to ask the government for tax cuts and the relaxation of green levies. Last week, the industry’s trade body Energy UK
The Premier League is facing a fresh bout of boardroom upheaval with the resignation of its longest-serving independent director amid the COVID-induced chaos that has hit the top flight of English football. Sky News has learnt that Kevin Beeston, who joined the Premier League board in 2015, has informed colleagues that he plans to step
People are expected to do more post-Christmas sales shopping online but spend more in previous years, a survey has found. Shoppers plan to spend on average of £247 each in the end-of-year sales, an increase of £85 on last year and £61 more than in 2019, in a reassuring sign for online retailers, according to
Central London saw the biggest drop in footfall of anywhere in the country as concerns about the spread of the Omicron variant kept shoppers at home. The number of shoppers in the capital was 30.3% lower on the morning of Christmas Eve than it was on the previous Friday, new data from Springboard has shown.
By Howard Bloom Wednesday December 15th, the National Archives released close to 500 new documents on the Kennedy assassination. Within hours of that release, CNN yawned that “JFK researchers [are] underwhelmed by [the] latest release of assassination documents.” The New York Post disagreed. It pointed to new evidence that Lee Harvey Oswald, the man who
By Howard Bloom Covid is making people depressed, lonely, drug-addicted, and suicidal. According to a new ABC-Washington Post poll, covid has had a dramatic impact on the way you and I lead our lives. Says the Post, “Roughly 9 in 10 say they are staying home ‘as much as possible’ and are practicing social distancing
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