Donald Trump has announced fresh tariffs on Iran’s trading partners in an apparent response to the rising number of people killed during recent protests. The US president wrote in a post on Truth Social that any country “doing business with the Islamic Republic of Iran” will pay a 25% tariff “effective immediately”. He said the
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The investment vehicle set up to house a string of prominent sports assets is launching a €2.7bn (£2.3bn) debt-raising process aimed at funding its ambitions to become a global powerhouse. Sky News has learnt that Global Sport Group (GSG), which is owned by CVC Capital Partners and counts a stake in Six Nations Rugby among
Financial markets have taken fright amid a resumption of the row over US central bank independence between its chair and the Trump administration. It emerged overnight that the White House was threatening to indict Jerome Powell over comments he made to Congress in relation to renovation cost over-runs at the Federal Reserve buildings in Washington
WH Smith, the London-listed travel retail group, is drawing up plans to identify a new chairman amid a battle to restore investors’ faith in the company. Sky News has learnt that a search for two new non-executive directors is expected to lead to the recruitment of a candidate capable of replacing Annette Court within about
The company behind London’s Pride parade recorded a £120,726 loss in 2024, latest accounts show. The entity that runs the capital’s annual LGBT+ event had made £204,368 in profit the previous year. It comes as Pride organisations have been struggling with running costs. Major cities across the UK had either paused the running of full
A UAE-based steel company has made an approach to buy Britain’s third-biggest steel producer, months after it was declared “hopelessly insolvent” and fell into the hands of the Official Receiver. Sky News has learnt that Arabian Gulf Steel Industries (AGSI), which is headquartered in Abu Dhabi, is among a small number of parties which have
Next has teamed up with a stock clearance specialist as it pursues a takeover of the family-owned shoe retailer Russell & Bromley. Sky News has learnt that the FTSE-100 retailer is working with Retail Realisation, which badges itself as a specialist retail advisory firm, on its interest in the 145-year-old chain. Industry sources said the
If you’ve ever tried to understand why civilizations rise, why movements catch fire, or why humans keep repeating the same grand mistakes and breakthroughs, chances are you’ve already wandered into Howard Bloom territory—whether you knew it or not. Bloom isn’t interested in surface-level answers. He’s after the machinery underneath human behavior: evolution, power, ideas, cooperation, conflict. Long
The owners of the RAC will next week launch a process expected to culminate in a £5bn sale or stock market listing of the breakdown recovery service later in 2026. Sky News has learnt that the RAC’s shareholders have arranged a beauty parade of investment banks to take place in the coming days as they
Oil sits at the heart of Donald Trump’s Venezuelan gamble. Within a day of the US operation which ousted President Nicolas Maduro, Trump made his top priority clear: reviving the country’s oil industry. “We’re going to have our very large US oil companies – the biggest anywhere in the world – go in, spend billions
The owner of The Very Group, one of Britain’s biggest online shopping platforms, is to launch a £2bn auction of the company just months after taking control. Sky News has learnt that Carlyle, the American private equity giant, is lining up Barclays and JP Morgan to handle a sale of Very, which sells a wide
Criminals have used Grok, Elon Musk’s AI, to create child sexual abuse imagery, the Internet Watch Foundation (IWF) has reported. For days, the IWF has been receiving reports from internet users that Grok had created child abuse images, but that content hadn’t crossed the threshold into illegal content. Now, it has, says the IWF. It
The owner of Waterstones is close to hiring bankers to work on a multibillion-pound listing of the transatlantic bookseller. Sky News has learnt that Elliott Management is preparing to appoint Rothschild to act as an independent adviser on its flotation options, with a public market debut likely to take place as soon as the second
Donald Trump has announced Venezuela’s interim government will be “turning over” between 30 and 50 million barrels of “high quality” oil to the US. The oil – worth upwards of $2bn (£1.48bn) – will be taken by storage ships and brought directly to US unloading docks, the president said on Truth Social. It will be
The private equity firm Advent International is spearheading a multibillion-euro takeover bid for InPost, the owner of British parcel delivery firm Yodel. Sky News has learnt that Advent, which is a minority investor in InPost after taking it public in Amsterdam in 2021, is part of a consortium looking to acquire the company. Banking sources
Batches of baby formula are being recalled due to the risk of a toxin that causes nausea, vomiting, and abdominal cramps. Nestle is recalling specific batches of its SMA infant formula and follow-on formula due to the potential presence of cereulide. The toxin is highly heat-resistant, and unlikely to be destroyed by cooking, boiling water,