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  • Bidding war for Sky to be settled by rare auction

    September 19, 2018 2:27 PM 82

    All sides involved in the takeover battle agree to a formula to end the process by Saturday night. The Takeover Panel said the two American companies bidding for control of Sky - film and TV group 21st Century Fox and cable giant Comcast - would be invited to take part in a three-round auction on Saturday if a competitive situation between the pair continued

  • Watchdog Ofgem announces price cap that will save 11 million UK households £75 a year

    September 6, 2018 7:25 AM 77

    New energy price cap will save 11 million households £75 a year by limiting rip-off tariffs to £1,136 says watchdog Ofgem More than 11 million households across the UK will benefit from an energy cap that will save them an average of £75 a year. Industry watchdog Ofgem is bringing in a price cap that will limit energy companies to charging no more than £1,136 a year. This will force

  • Couple who earned 2million airline travel points by signing up for 42 credit cards travel the world

    September 5, 2018 5:48 PM 78

    Couple who earned two million airline travel points by signing up for 26 credit cards quit their Wall Street jobs and travel the world for 'free' saving $84,000 (and of they're flying business class) A couple who earned two million airline points by signing up to dozens of credit cards are now traveling the world 'for free'. Chad and Hannah Janis, 25, who met while

  • Swiss family office snaps up £2bn British schools giant Cognita

    August 31, 2018 7:43 AM 85

    The Swiss family office will become one of the UK's biggest school-owners following its takeover of Cognita, Sky News learns. Sky News has learnt that Jacobs Holding, which owns a big stake in the chocolate and cocoa producer Barry Callebaut, is to buy Cognita, which operates scores of schools in the UK and abroad. Jacobs Holding's sole economic beneficiary

  • Theresa May to lay out plans for Africa investment as tour begins in Cape Town

    August 27, 2018 8:00 PM 91

    The PM is visiting South Africa, Nigeria and Kenya as part of a bid to re-orientate post-Brexit Britain to fast-growing economies. She will make the announcement at a speech in South Africa, as part of a three-day tour that will also take her to Nigeria and Kenya. It is Mrs May's first visit to the continent since becoming prime minister in July 2016, and form part of her "global

  • Goldman Sachs to launch UK online retail bank in coming weeks

    August 23, 2018 11:57 AM 119

    The Wall Street giant will launch its Marcus savings accounts to retail customers as it seeks to broaden its appeal. Marcus, named after Goldman Sachs' founder, will be open to the investment bank's UK employees from Thursday before its official launch. "Marcus by Goldman Sachs, which first launched in 2016 in the US, will now extend its product offering

  • Ryanair reaches deal with pilots' union after strikes caused disruption to thousands of passengers

    August 23, 2018 7:50 AM 86

    The long-running dispute over conditions, base transfers and annual leave has resulted in cancelled flights across Europe. Negotiations had been continuing to try to resolve the long-running dispute over conditions, base transfers and annual leave that has resulted in cancelled flights across Europe. In a statement the Forsa union said: "Following a 22-hour

  • Saudi Aramco £1.5tn stock market listing halted

    August 22, 2018 8:09 PM 72

    Plans initially stalled after investment bankers failed to reach Crown Prince Mohammed bin Salman's £1.5tn valuation.  Finacial advisors, who had been working on the $2tn (£1.5tn) stock market listing, have been disbanded, Reuters said, citing four industry sources. Saudi Aramco was considering floating 5% of its shares, possibly in London, Hong Kong or New York, in addition

  • Laura Ashley profits fall by 98% to just £100k

    August 22, 2018 7:56 AM 88

    The fashion and homeware retailer's profits are all but wiped out - falling from £6.3m to £100,000 in the year to 30 June. In the year to 30 June, annual pre-tax profits fell to £100,000 from £6.3m the previous year. The retailer's bottom line was hit by an accounting write-off on the sale of a property in Singapore. Total like-for-like retail sales

  • Indian family thrown off British Airways flight over 'crying child'

    August 9, 2018 9:11 AM 90

    A father claims BA subjected him to "humiliation and racist behaviour", triggering calls for Indians to boycott the airline. The father, an Indian civil servant called AP Pathak, has accused the airline of racism as he claimed a crew member threatened to throw his three-year-old son out of the window if he did not stop crying. Mr Pathak said his family