THE team at Appetite for Business is celebrating after being named in the prestigious Sunday Times Best Places to Work 2024 list alongside household names such as David Lloyds Clubs, Octopus Energy and EasyJet Holidays. Appetite is the only Scottish Business named as a winner in the small business top ten category and only one...
Category: Bussiness
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Pinewood-owner Aermont among suitors for £850m Village Hotels
The major backer of Pinewood Studios is among the suitors vying to buy Village Hotels, one of Britain’s biggest mid-market hotel chains. Sky News understands Aermont, which specialises in real estate-backed investments, submitted an offer last week for Village Hotels, which is owned by KSL Capital Partners. City sources said KSL was seeking offers worth...
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Russia finds vast oil and gas reserves in British Antarctic territory
The EAC decided to challenge the Foreign Office’s management of the UK’s Antarctic interests following reports in the Daily Maverick, a South African online journal, which discovered Moscow’s activities after its survey ship docked in Cape Town. Such issues will likely come to a head in India later this month at the annual meeting for...
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Chinese Uber rival revives UK launch plans
Uber’s Chinese rival is laying the groundwork to enter the UK, three years after it was forced to suspend plans to launch in British cities. Didi Global has acquired operating licences in cities including Rotherham, Rochdale and Salford in recent months in a move that would allow it to offer rides in Britain. The company...
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UK has moved out of recession, official figures show
The UK is officially out of recession after figures showed the economy grew by 0.6% in the first three months of the year. The Office for National Statistics (ONS) said the period from January to the end of March marked a return to growth after a mild recession in the second half of 2023. It...
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Motors.co.uk among suitors raiding stricken Cazoo’s garage sale
A privately owned used-car platform is circling Cazoo Group, its stricken US-listed rival which is on the brink of administration. Sky News has learnt that Motors.co.uk is a leading contender to acquire Cazoo’s marketplace operation, which would include its brand and intellectual property assets. The process to auction the used-car platform’s constituent parts comes after...
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British Airways owner International Airlines Group sees profits soar
The owner of British Airways has reported a sharp rise in profits amid soaring demand for trips and a fall in the cost of fuel. International Airlines Group (IAG) said its operating profit for the first three months of the year was €68m (£58.5m) – above expectations and up from €9m (£7.7m) during the same...
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Vote of confidence in UK economy as British AI company Wayve secures over $1 billion to develop AI for self-driving vehicles
UK AI company Wayve secures over $1 billion investment to develop next generation of AI-powered self-driving vehicles Wayve co-founder hails “UK’s AI ecosystem” which has supported them in securing the largest ever investment in a UK AI company Investment cements UK’s position as a world leader in AI and self-driving vehicle technology Comes as industry-backed...
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British business excellence celebrated in second year of The King’s Awards for Enterprise
252 recipients announced in The King’s Awards for Enterprise – the UK’s most prestigious business awards. Five businesses have received awards in two categories this year. The recipients of The King’s Awards for Enterprise have been announced today [Monday 6 May], celebrating the achievements of UK businesses. This year, 252 businesses representing every part of...
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King’s Award proves British businesses are seizing Brexit boost
Three burgeoning businesses capitalising on a Brexit boost have won a royal seal of approval as the very best of British. The trio will today be handed The King’s Awards for Enterprise – the highest official UK honour for firms – for their part as international trade, innovation, and sustainable development trailblazers. It comes just...
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Steel giant ArcelorMittal warns Gove over Kent planning verdict
The world’s second-largest steel company has warned the government that a planning verdict due this week could lead to a key division quitting the UK. Sky News has seen a letter sent by ArcelorMittal to Michael Gove, the levelling-up secretary, in which it says that a decision to allow the closure and redevelopment of part...
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Goldman Sachs scraps bonus cap for top London-based staff
Goldman Sachs is removing a cap on bonuses for London-based staff, paving the way for it to resume making multimillion pound payouts to its best-performing traders and dealmakers. Sky News can exclusively reveal that the Wall Street banking giant notified its UK employees on Thursday that it had decided to abolish the existing pay ratio...