Lord Sugar, the Amstrad founder and star of The Apprentice, is fuelling a landlord-led revolt against a rescue deal for Caffe Nero, the struggling chain of coffee shops. Sky News has learnt that Amsprop Investments, the peer’s private commercial property group, is among seven parties which have lodged a legal challenge aimed at blocking Caffe
The dismantling of Sir Philip Green’s high street empire is about to accelerate after the appointment of agents to oversee the sale of the tycoon’s former flagship Topshop store. Sky News has learnt that administrators to Redcastle (214 Oxford Street) Limited, which owns the central London property next to Oxford Circus station have appointed Eastdil
Business owners across the country are waiting to see what the first day outside the customs union and single market holds for them. While some are optimistic about the change in trading rules from New Year’s Day, others say it’s led them to regret their Brexit vote. At Birmingham Wholesale Market, hundreds of crates of
The FTSE 100 has clocked up its worst year since the 2008 financial crisis – underperforming against global rivals that have bounced back following a coronavirus sell-off earlier in the year. London’s leading share index closed at 6460.5 in a shortened closing session on New Year’s Eve, 14.3% down over the course of 2020. It
Tesco, Pizza Hut and Superdrug are among 139 companies that have been named and shamed by the government for failing to pay the minimum wage. The employers short-changed more than 95,000 workers by a total of £6.7m during the period investigated between 2016 and 2018, the Department for Business, Energy and Industrial Strategy (BEIS) said.
One of Britain’s most prominent technology entrepreneurs is to be reunited with the backers of her biggest corporate success when she takes the helm of a cash shell that will target a £100m software industry takeover. Sky News has learnt that Vin Murria, who made her investors a fortune when she sold Advanced Computer Software
A Boeing 737-8 MAX was forced to make an unscheduled landing and have one engine shut down after it ran into issues. The Air Canada service from Arizona to Montreal was diverted shortly after take-off on 22 December. In a statement, the airline said the only people on board were three crew members who received
Boeing 737 MAX aircraft have resumed passenger flights in the US for the first time since a 20-month safety ban was lifted last month. American Airlines flight 718, carrying around 100 passengers, landed at New York’s LaGuardia Airport on Tuesday after departing from Miami earlier in the day. The airline and plane manufacturer Boeing have
Islington in north London has seen the fastest house price growth in 2020, with the average property up by 13.4% to £727,922. The figures from Halifax also show that, at the other end of the table, the average house price in Paisley, west of Glasgow, fell by 1.7% to £138,036. Outside London, the biggest movers
The owner of Uswitch is close to unveiling a takeover of Confused.com in a deal that would unite two of Britain’s biggest online price comparison sites. Sky News has learnt that a division of ZPG – which also owns the property portal Zoopla – could announce the purchase of Confused.com from Admiral Group, the London-listed
Britons travelling to the European Union have been warned they face disruption and potential charges after the Brexit transition period ends on Thursday. Britons have previously been able to rely on free healthcare thanks to their European Health Insurance Card, and to escape roaming charges thanks to a ban on the fees throughout the bloc.
China is set to overtake the US to become the world’s biggest economy five years earlier than previously thought, thanks in part to its handling of the coronavirus pandemic, according to a think tank. The Centre for Economics and Business Research (CEBR) says China will become the world’s major economic force in 2028. In an
The group behind a think-tank that became a vocal advocate of a hard Brexit is in talks to buy a big stake in GB News, a new current affairs broadcaster that wants to challenge long-standing industry players. Sky News has learnt that Legatum, a Dubai-based group founded by Christopher Chandler, a New Zealand-born billionaire, is
Boxing Day sales are expected to fall by more than a quarter compared with last year, despite some shoppers queueing in the early hours in some areas under lighter restrictions. Footfall for the sales is already down 60% in the UK up to 12pm – largely due to non-essential shops being closed across swathes of
The owner of a think-tank that became one of the most vocal advocates of a hard Brexit is in talks to buy a big stake in GB News, a new current affairs broadcaster that wants to challenge long-standing industry players. Sky News has learnt that Legatum, a Dubai-based group founded by Christopher Chandler, a New
A special cargo flight chartered to supply UK supermarkets has landed in Yorkshire with 80 tonnes of fruit and vegetables on board. The delivery was a one-off organised as thousands of trucks remain stranded near Dover after France stopped them crossing over fears about the new coronavirus variant announced last week. The closure has stopped