Category: Bussiness

Donald Trump is in breach of a British High Court order to pay £300,000 in legal costs to the former spy who compiled a salacious dossier alleging Russian interference in the 2016 US election. Sky News can reveal Trump has failed to comply with the costs order with Christopher Steele, the former MI6 agent who...

If the polls are correct, Labour will be in government in less than a month from now, yet the party’s policies are already having an impact on business. Three oil and gas companies – Jersey Oil and Gas, Serica Energy and Neo Energy – said on Wednesday they had decided to delay by a year...

A member of Liechtenstein’s royal family is joining the ranks of backers of Octopus Energy, the £7.2bn utility which has become one of Britain’s most valuable companies. Sky News has learnt that Lightrock, which is chaired by Prince Max Von Liechtenstein but based in London, is acquiring an undisclosed stake in the UK’s second-largest domestic...

London CNN  —  When UK voters elect a new government on July 4, the health of the world’s sixth-biggest economy will likely be the main factor in deciding the outcome. The Conservative Party of Prime Minister Rishi Sunak has been in office since 2010, a period that has included the twin shocks of a pandemic...

Blackstone, the giant private equity investor, is in exclusive talks to buy one of Britain’s biggest mid-market hotel chains. Sky News has learnt that Blackstone has entered a period of exclusivity to acquire Village Hotels, which is being auctioned by bankers at Morgan Stanley. The chain was put up for sale earlier this year with...

7 days ago By Andy Verity, James Oliver, BBC News Reuters Standard Chartered Bank has its headquarters in the City of London A British bank that escaped prosecution for money laundering carried out billions of dollars of transactions for funders of terrorist groups, US court papers allege. Standard Chartered, one of the UK’s largest banks, avoided prosecution by...

Shein, the controversial fast fashion giant whose popularity soared during Covid, may soon tighten its ties with the UK with plans to sell shares in the business on the London Stock Exchange. The Chinese firm could file the relevant paperwork as soon as this week, potentially valuing the company at $66bn (£51.7bn). Shein’s formula of...

ENTREPRENEURS looking to grow and scale their businesses are being urged to apply to join one of the UK’s leading accelerators, as NatWest prepares to welcome a record number of new businesses on its accelerator programme in September. Up to 2500 places will be available for free to entrepreneurs. NatWest Group is the biggest bank...

Launching his plans for Great British Energy, a state-owned clean power company, Sir Keir Starmer promised the new entity would reduce bills, create jobs and deliver increased energy security. Specifically, Labour’s press release for an idea first announced in October 2022 said: “Great British Energy will cut energy bills for good, as families face the...

A company in East Sussex has been handed the title of Britain’s best small business name. Locksmiths Surelock Homes in Hastings has beaten the likes of Manchester’s Tikka Chance On Me and Fife’s Prints Charming to claim the title and £2,500 cash prize. More than 2,500 people voted for their favourite name in the competition, launched...

Life comes at you fast if you are the person responsible for maintaining the shareholder register at NatWest. Until last week, it was hoped that the bank would be at the centre of Jeremy Hunt‘s plans to get millions more Britons investing in the stock market. Money latest: Income growth ‘worst in generations’ The chancellor...