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  • Comcast drops bid for 21st Century Fox assets to focus on Sky takeover

    July 19, 2018 12:42 PM 7

    There is a further twist in the Sky takeover saga as Comcast signals its war chest in now firmly parked in London. Comcast launched a $65bn (£50bn) offer for Fox's entertainment assets at the end of June, which include Hollywood's fourth-largest movie studio, US cable networks including FX and National Geographic, as well as international pay television

  • Britain's economy grew by 0.3% in May driven by services

    July 10, 2018 8:35 AM 11

    Gross domestic product grew by 0.3% month-on-month and 0.2% in the three months to May, the Office for National Statistics said. The figures were in line with economist estimates. ONS head of national accounts Rob Kent-Smith said: "The first of our new rolling estimates of GDP shows a mixed picture of the UK economy with modest growth driven by the services

  • BP 'back to normal service' after glitch hits card payments for petrol

    July 8, 2018 7:56 PM 12

    For three hours some of the oil company's sites were forced to close, while card payments were unavailable at others. The glitch brought chaos to its 1,280 sites across the UK, and the company says a "full investigation" has been launched to determine the cause of the outage. In a statement, they added: "We will continue to monitor the situation overnight

  • Rolls Royce to sell marine unit for £500m

    July 6, 2018 5:17 AM 28

    Engine maker is in the process of restructuring its business to improve its profitability. The Derby-based engineer said the sale of the business, which employs about 3,600 people mostly in the Nordic region, will generate net proceeds of around £350m to £400m. Warren East, chief executive of Rolls-Royce, said: "This transaction builds on the actions

  • Dunstone rings up bigger TalkTalk stake after shares slump

    July 1, 2018 6:36 PM 11

    Sir Charles Dunstone has used Friday's fall in TalkTalk shares to add to his holding in the company, Sky News learns. Sky News has learnt that Sir Charles, who was reinstated to an executive role last year, used an 11% slump in TalkTalk shares on Friday to mop up another £750,000-worth of stock, according to a person close to the company. The move, which

  • Renters gain extra powers to stamp out 'revenge evictions' as ministers vow to bring in longer tenancy terms

    June 30, 2018 11:14 PM 10

    Action to curb 'revenge evictions' against renters who make complaints about the state of their homes will be unveiled tomorrow. Ministers will vow to introduce longer tenancy terms to give renters more security. The move comes amid concerns that some people do not complain about the standard of their property for fear of their tenancies being cut short

  • UK first quarter economic growth revised higher from 0.1% to 0.2%

    June 29, 2018 8:36 AM 10

    The slightly better growth figure for the UK economy is likely to raise the prospect of an interest rate hike later this year. Gross Domestic Product (GDP) has been revised up from 0.1% in an earlier estimate to 0.2%, according to the Office for National Statistics (ONS). During the first quarter of 2018, unusually cold weather hit Britain and the ONS also blamed

  • Amigo Loans bosses to pocket £327m in flotation

    June 29, 2018 7:27 AM 13

    Founder James Benamor and executives stand to scoop £327m from the company's initial public offering. The valuation is based on the share offer price of 275p and will be listed on the London Stock Exchange on 4 July. Founder James Benamor, 41, directors and employees stand to make £326.8m from the company set up two decades ago. Borrowers with a bad credit

  • Heathrow-owner to move holding company to the Netherlands

    June 26, 2018 8:27 AM 12

    Spain's Ferrovial froze investment into the UK as it sought more clarification on the Brexit process. Ferrovial, which currently has its international base in Oxford, said the decision would address the negative effects of Brexit and allow its businesses to be taxed in Spain. The Spanish construction company, which wants to remain under European commercial

  • US approves UK-grown marijuana-based epilepsy drug

    June 26, 2018 5:25 AM 12

    The drug uses cannabidiol which unlike THC does not produce a high and will be used to treat rare forms of childhood epilepsy. Nasdaq-listed GW Pharmaceuticals, which grows its own marijuana plants in glass houses in Britain, hopes the drug will be approved in the UK next year. The company's chief executive Justin Gover told Ian King Live last week: "This