The retailers Claire’s and The Original Factory Shop (TOFS) are on the brink of collapse, putting more than 2,000 jobs at risk in a bleak start to the new year for the British high street. Sky News has learnt that the two chains are understood to be filing notices of intention to appoint administrators just
Business
The advisory firm which oversaw a controversial costs purge at Manchester United Football Club is being sold to the owner of Burger King’s British operations in a deal worth more than £800m. Sky News has learnt that Bridgepoint, the London-listed buyout firm, has agreed to buy a controlling stake in Interpath Advisory. A deal could
The travel experiences marketplace GetYourGuide is exploring a share sale at a multibillion Euro valuation that would underline the sector’s recovery from the depths of the COVID pandemic. Sky News has learnt that GetYourGuide, which is based in Berlin, is in talks with investment banks to advise on a secondary share offering that would take
Hundreds of British hospitality workers face losing their jobs in the coming days as the owner of TGI Fridays finalises plans to buy back a slimmed-down version of one of Britain’s best-known casual dining chains. Sky News has learnt that Sugarloaf TGIF Management, which only took control of TGI Fridays two months ago, is preparing
The private equity backers of London’s biggest estate agency chain are exploring a potential sale valuing it at more than £500m, despite the looming threat of Rachel Reeves’ new “mansion tax”. Sky News has learnt that Oakley Capital, which acquired a majority stake in Dexters in 2021, is close to hiring investment bankers to evaluate
Next, the FTSE-100 retail behemoth, is among a pack of suitors considering a new year swoop to buy LK Bennett, the struggling fashion retailer. Sky News has learnt that Next is weighing a cut-price offer to buy LK Bennett’s brand and other intellectual property assets as it prepares to call in administrators. Retail industry sources
Tesla has lost its crown as the world’s bestselling electric vehicle maker. The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition that pushed sales down for a second year in a row. Tesla said that it delivered 1.64 million vehicles in 2025, a decrease
Rachel Reeves is “quietly hammering” workers with stealth taxes as a result of her budget last year, a think tank has said. While the chancellor did not increase income tax, national insurance contributions for employees or VAT, avoiding a manifesto breach, her November statement did see her extend a freeze on the first two until
Britain’s biggest private hospital operator has handed prospective suitors a deadline to pursue a takeover of the company amid shareholder pressure on it to explore a sale. Sky News has learnt that advisers to Spire Healthcare have told parties including private equity firms to register their interest by 20 January. The date is not a
The London-listed company behind the Revolution bars chain has set a deadline for bids next week after warning shareholders that they face being wiped out as part of a deal. Sky News understands that The Revel Collective, which also owns 22 Peach Pubs and bars trading under the Revolucion de Cuba name, has told bidders
The UK’s flagship stock index has had its best year since 2009 after a series of record-breaking days. The Financial Times Stock Exchange (FTSE) 100 ended the year up 21.5% compared to the start. It means the share price of the publicly traded companies making up the FTSE 100 had the greatest annual increase in
Octopus Energy Group is on the brink of selling a big stake in its software arm, Kraken Technologies, at a valuation that will cement its status as one of Britain’s biggest private companies. Sky News has learnt that Octopus Energy has lined up a syndicate of investors to buy between 10% and 20% of Kraken.
Some of Britain’s biggest public sector pension schemes are in talks to take a stake in Center Parcs as its Canadian owner finalises a recapitalisation of the holiday parks giant. Sky News has learnt that bodies including the Greater Manchester Pension Fund (GMPF), the London-based Local Pension Partnership (LPPI) and the Edinburgh-based Lothian Pension Scheme
It wouldn’t be Christmas without at least one gift so misguided we question whether our loved ones know us at all. Now a survey by Which? has revealed the most disappointing Christmas presents received in the UK, with used pyjamas and rotten fruit among the underwhelming gifts reported. The consumer group surveyed more than 2,000
If you’ve spent the last few years binge-watching documentaries about human behavior, doom-scrolling think pieces about why society is unraveling or listening to podcasts that start with “what if everything we know is wrong…” — congratulations. You’re already halfway inside Howard Bloom’s brain. His latest book, The Case of the Sexual Cosmos: Everything You Wanted to Know About Nature Is
A millionaires’ playground, Poole in Dorset boasts some of the most expensive properties in the UK, and has been called Britain’s Palm Beach. Away from the yachts and the mansions of Sandbanks, however, Poole is also a beer drinkers’ paradise, with 58 pubs in the parliamentary constituency alone. But now many of Dorset’s pub landlords
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