Business

Investors in Getir, the food delivery app which is abandoning its UK operations, have approved a break-up of the company that will trigger a fresh capital injection of up to $250m. Sky News has learnt that Getir, which is based in Turkey, held an extraordinary general meeting on Sunday at which shareholders backed plans to

A pack of trade and private equity suitors are circling Evri, one of Britain’s biggest parcel delivery companies. Sky News has learnt that Apollo Global Management and Platinum Equity are among the parties which have lodged initial offers for Evri, which is reportedly worth around £2bn. City sources said that a number of strategic bidders

Blackstone, one of the world’s biggest private equity firms, is in advanced talks to buy a stake in Ambassador Theatre Group (ATG), the owner of some of the most famous playhouses in London’s West End. Sky News has learnt that Blackstone, which manages more than $1trn (£790bn) in assets, is close to snapping up a

Four members of Britain’s richest family have received jail sentences after being found guilty of exploiting their vulnerable domestic workers and providing unauthorised employment. Indian-born tycoon Prakash Hinduja and his wife Kamal, along with their son Ajay and his wife Namrata, were, however, cleared by a Swiss court of more serious charges of human trafficking

Around 1,500 workers at Tata Steel are to hold an “all-out indefinite strike”, a union has announced. The industrial action at Port Talbot and Llanwern, Newport, will begin on 8 July and is expected to “severely impact” the company’s UK operations, Unite said. It comes in response to plans to close Tata Steel’s blast furnaces

The former head of a union for sub-postmasters has denied it became “too close” to the Post Office and was “flush with money”. George Thomson, formerly of the National Federation of SubPostmasters (NFSP), also denied lacking sympathy for those who were wrongfully convicted during the Post Office scandal, which occurred following faults in the organisation’s

Microsoft has regained the title of the world’s most valuable public company just days after it was overtaken by one of its rivals. Computer chip maker Nvidia lost its hold on the top spot after its shares slipped by 3.5% in the US on Thursday, leaving the company valued at $3.2trn (£2.5trn). Microsoft’s shares also

TikTok has launched a long-awaited legal fight to stop its Chinese owner being forced to sell the short video platform’s US operations, arguing it violates Americans’ rights to free speech. TikTok and Chinese parent ByteDance were told in April they had until January next year to divest TikTok in the US or face the prospect

More than £232m has been paid out in compensation to people affected by the now-scrapped northern leg of HS2, Sky News can reveal. Responses to our Freedom of Information requests show just shy of £550m has been spent so far on a range of government compensation schemes for both residents and businesses impacted by the

A care home operator which once ranked among the largest in Britain is being put up for sale in a move expected to fetch about £300m. Sky News has learnt that Four Seasons Health Care Group has appointed CBRE, the property agent, to oversee an auction in the coming months. The process will be launched

Wall Street’s biggest bank is lifting Brussels’ bonus cap for its London-based staff, weeks after rival Goldman Sachs fired the starting gun on a post-Brexit era in industry pay. Sky News can reveal that JP Morgan Chase was in the process of notifying staff on Wednesday that it would preserve some elements of the remuneration

UK inflation has eased to 2% – increasing the prospect of an interest rate cut this summer. The consumer prices index (CPI) rate for the year to May was confirmed by the Office for National Statistics (ONS) on Wednesday. The figure indicates that prices are still rising, but at the slowest pace since spring 2021.

There was “possibly a criminal conspiracy” at the Post Office, according to an independent forensic accountant drafted in to investigate the controversial Horizon accounting system. Ian Henderson, one of the two forensic accountants from Second Sight paid by Post Office (POL) to review sub-postmaster convictions involving Horizon in 2012, told the public inquiry into the

China may target the European Union’s pork producers in retaliation for EU tariffs on its electric cars. The world’s second largest economy revealed on Monday that it had launched an investigation into imports of pork for human consumption from the bloc. The Commerce ministry inquiry was in response to a complaint by Chinese pork producers

A party supplies retailer and distributor is teetering on the brink of administration after being hit by a downturn in consumer spending. Sky News understands that Wonder Group, which was previously known as Amscan, was on Monday preparing to file a notice of intention to appoint Interpath Advisory to handle an insolvency process. Sources said

One of London’s most prominent venture capital investors will this week change its name following the death and resignation of its two co-founders. Sky News understands that Hambro Perks, which counts a stake in What3Words, the location-mapping service, among its holdings, is to rebrand as Salica Investments. An announcement about the change of name will

The founders of Melrose Industries, one of Britain’s most prolific and lucrative investment groups, are preparing to list a new vehicle in London next month as they hunt a new wave of takeover targets. Sky News has learnt that Simon Peckham is spearheading the launch of Rosebank Industries, with talks under way to raise more

Alan Bates, the campaigner who highlighted the Post Office scandal, will be given a knighthood after being recognised in the King’s Birthday Honours list. Other famous faces on the list include artist Tracey Emin and cyclist Mark Cavendish, who will be given a damehood and knighthood, respectively. Former prime minister Gordon Brown has received the

Sandwich maker Greencore, a major supplier to UK supermarkets, has recalled some of its products because of the risk of E.coli, the Food Standards Agency said. The products were recalled as a precaution just a week after the UK Health Security Agency (UKHSA) announced there had been an outbreak of E.coli which left some people

Latitude Festival has dropped its sponsor, Barclays, after a number of musicians and comedians dropped out in protest over the bank’s ties to the Israel-Hamas war. Latitude Festival told Sky News: “Following discussion with artists, we have agreed with Barclays that they will step back from sponsorship of Latitude Festival”. Comedians Joanne McNally, Sophie Duker,