Category : Business News

BUSINESS / Business News - 20 hours ago

Tesco: Big investors against £3.7bn takeover

Two of Tesco's biggest shareholders have called on the supermarket to scrap its planned £3.7bn takeover of wholesaler Booker. Schroders Investment Management and Artisan Partners are the retailer's third and fourth largest investors, each with stake...

BUSINESS / Business News - 23 hours ago

Sports Direct agency Transline eyes new funds

The controversial employment agency which staffs Sports Direct's largest warehouse is hunting new financial backers as it faces fresh pressure from MPs to overhaul the working practices it imposes across its operations. Sky News has learnt that Tran...

BUSINESS / Business News - 1 day ago

Tesco supplier P&H hires top trouble-shooter

Palmer and Harvey (P&H), the troubled cash-and-carry group, has parachuted in one of Britain's top corporate restructuring veterans amid crunch talks about a deal to shore up its finances. Sky News has learnt that Andy Leeser, who has worked on...

BUSINESS / Business News - 1 day ago

Taxpayers face £100m bill over botched deal

Taxpayers face a £100m bill after the Government agreed a pay-out to two US firms over the botched handling of a nuclear decommissioning contract. Energy Secretary Greg Clark also ordered an independent inquiry led by former National Grid boss Steve...

BUSINESS / Business News - 1 day ago

All change as rail franchise switches track

Chris Grayling, the Secretary of State for Transport, is in no doubt. Changing the operator on the South West Trains rail franchise, which includes some of the UK's busiest commuter routes, will be "great news for rail passengers". The change of ope...

BUSINESS / Business News - 1 day ago

Bank stress tests to probe investment plunge

UK banks will have to show they can withstand a drop-off in foreign investment under an expanded annual stress test in the wake of the Brexit vote. The Bank of England published the scenarios the sector will face - aimed at testing each lender's res...

BUSINESS / Business News - 1 day ago

BoE to review lending as household debt soars

The Bank of England has revealed plans to review banks' lending standards amid soaring household debt as it sets out its latest overview of the UK's financial stability. Officials also indicated that they would oversee lenders' readiness for a disor...