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Business

The Range strikes £5m deal to buy collapsed Wilko’s brand

The Range, the value retail chain, has struck a deal to buy the Wilko brand from its collapsed rival’s administrators. Sky News has learnt...

by admin September 13, 2023
The Range strikes £5m deal to buy collapsed Wilko's brand
Business

Patisserie Valerie: Four people face fraud charges over bakery chain’s collapse

Four people have been charged in connection with the collapse of Patisserie Valerie – a bakery chain that once had almost 200 stores. The...

by admin September 13, 2023
Patisserie Valerie: Four people face fraud charges over bakery chain's collapse
Business

Economy contracts by worse than expected 0.5% in July, official figures show

The UK economy contracted by 0.5% in July, according to early official figures showing a hit from strikes and wet summer weather. The Office...

by admin September 13, 2023
Economy contracts by worse than expected 0.5% in July, official figures show
Business

BP chief executive Bernard Looney quits £10m-a-year job over ‘past relationships with colleagues’

The head of BP has suddenly resigned following allegations over “personal relationships with colleagues”. Bernard Looney’s departure as chief executive of the British energy...

by admin September 12, 2023
BP chief executive Bernard Looney quits £10m-a-year job over 'past relationships with colleagues'
Business

Poundland snaps up 71 Wilko stores

A deal has been struck for the owners of Poundland to take over the leases of up to 71 Wilko stores. The Pepco Group...

by admin September 12, 2023
Poundland snaps up 71 Wilko stores
Business

Pace of wage growth outstrips rate of inflation while unemployment rate ticks up

A boost in household spending power has been revealed as basic wage growth in July outstripped the rate of inflation for the first time...

by admin September 12, 2023
Pace of wage growth outstrips rate of inflation while unemployment rate ticks up
Business

Potentially misleading boiler marketing over the use of hydrogen removed after Sky News investigation

A Sky News investigation into potentially misleading and confusing boiler marketing involving the use of hydrogen in home heating has prompted several companies to...

by admin September 12, 2023
Potentially misleading boiler marketing over the use of hydrogen removed after Sky News investigation
Business

Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say

A further 9,100 Wilko employees will be made redundant by early October, administrators have said. PricewaterhouseCoopers (PwC) failed to reach a deal to save...

by admin September 11, 2023
Further 9,100 Wilko employees to be made redundant after rescue deal collapses, administrators say
Business

BMW to make new electric Mini in Oxford after securing millions in taxpayer funding

BMW is to build its next generation of electric Minis in Oxford after securing £75m in taxpayer support from the government. It comes as...

by admin September 11, 2023
BMW to make new electric Mini in Oxford after securing millions in taxpayer funding
Business

Electric vehicle leasing group Onto collapses after L&G pulls plug

An electric car leasing company which raised tens of millions of pounds from backers such as Legal & General (L&G) has crashed into administration....

by admin September 11, 2023
Electric vehicle leasing group Onto collapses after L&G pulls plug
Business

‘Death knell’: All Wilko stores to close with the loss of 12,500 jobs – union

All 400 branches of collapsed retailer Wilko will close by early October with the “likely” loss of all 12,500 jobs at the chain, according...

by admin September 11, 2023
'Death knell': All Wilko stores to close with the loss of 12,500 jobs - union
Business

BMW ‘optimistic’ UK-EU vehicle export tariff rules will be eased

BMW says it is confident the European Commission will ease regulations that would leave a new generation of electric Minis made at its Cowley...

by admin September 11, 2023
BMW 'optimistic' UK-EU vehicle export tariff rules will be eased
Business

More Wilko job losses loom as Putman rescue deal collapses

Fears intensified on Monday morning over thousands of high street job losses at Wilko, the stricken value retailer, when a rescue deal involving the...

by admin September 11, 2023
More Wilko job losses loom as Putman rescue deal collapses
Business

BMW to make new electric Mini in Oxford after securing millions in taxpayer funding

BMW is to build its next-generation electric Mini in Oxford after securing millions of pounds in taxpayer support from the government. The German-headquartered car...

by admin September 11, 2023
BMW to make new electric Mini in Oxford after securing millions in taxpayer funding
Business

Sleep technology provider tries to awaken interest from buyers

A British-based sleep technology business is being put up for sale by its London-listed owner in a deal that could fetch tens of millions...

by admin September 10, 2023
Sleep technology provider tries to awaken interest from buyers
Business

Insolvency firms face crackdown in government shake-up

Insolvency firms face being formally regulated for the first time under reforms to be announced next week that will nevertheless fall short of a...

by admin September 9, 2023
Insolvency firms face crackdown in government shake-up
Business

Cafe Rouge owner needs bigger table for swoop on Chiquito’s and Frankie & Benny’s

The owner of Cafe Rouge is in talks to buy Chiquito’s and Frankie and Benny’s, two of Britain’s best-known restaurant chains. Sky News has...

by admin September 9, 2023
Cafe Rouge owner needs bigger table for swoop on Chiquito's and Frankie & Benny's
Business

Morrisons and Motor Fuel Group in talks about £2bn petrol forecourts deal

The supermarket chain Wm Morrison is in talks about a £2bn deal to offload one of Britain’s biggest petrol forecourts empires. Sky News has learnt...

by admin September 8, 2023
Morrisons and Motor Fuel Group in talks about £2bn petrol forecourts deal
Business

Crisis-hit CBI business group faces new cash crunch amid talks with rival

The CBI, once Britain’s most influential business organisation, is facing an urgent cash crunch as it races to cut costs and seal a potential...

by admin September 8, 2023
Crisis-hit CBI business group faces new cash crunch amid talks with rival
Business

Blow for green energy plans as no firms bid for offshore wind contracts

The government’s green energy plans have been dealt a blow after firms snubbed an auction for contracts to run new offshore wind sites, sparking...

by admin September 8, 2023
Blow for green energy plans as no firms bid for offshore wind contracts
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