Category : Business News

BUSINESS / Business News - 3 days ago

LSE professor to join Bank's rate committee

A professor at the London School of Economics (LSE) has been appointed to the Bank of England's monetary policy committee - currently split on the path for interest rates. The Treasury announced on Monday that Silvana Tenreyro would replace Kristin...

BUSINESS / Business News - 3 days ago

Trustees seek clarity over Co-op Bank rescue

The guardians of the Co-op Group's £10bn retirement scheme have demanded fresh details of a plan hatched by US hedge funds to rescue the mutual's former banking arm. Sky News has learnt that the pension trustees to the scheme - known as Pace - have...

BUSINESS / Business News - 3 days ago

Blackstone taking control of The Office Group

Flexible office provider, The Office Group (TOG), is set to be controlled by the world's biggest property investor in a deal valuing it at £500m. It was confirmed on Monday, following a report by Sky News, that Travelex founder Lloyd Dorman had sold...

BUSINESS / Business News - 3 days ago

Jaguar Land Rover creating 5,000 jobs

Jaguar Land Rover (JLR) says it is hunting 5,000 recruits as it bids to bolster its UK workforce despite concerns about the implications of the Brexit vote. The carmaker said it was hunting "the next generation of world-class electronics and softwar...

BUSINESS / Business News - 3 days ago

Noel Edmonds in suicide bid after HBOS scam

Noel Edmonds has described how paramedics saved his life after he attempted suicide when his business fell victim to financial fraudsters. The former Deal or No Deal and Noel's House Party host revealed in an interview that he tried to kill himself...

BUSINESS / Business News - 3 days ago

Blackstone to buy The Office Group for £500m

The world's biggest property investor is buying a British flexible office provider in a deal that will be interpreted as a vote of confidence in the UK economy as Brexit talks get underway. Sky News has learnt that Blackstone, the private equity gia...