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Monthly Archives: June 2017

Blackstone lines up £6bn swoop on B&B loans

Blackstone, the New York-based private equity giant, is preparing to swallow another multibillion-pound portfolio of loans owned by bailed-out British banks with an offer...

Cleaning Franchise Celebrates 20th Maid in 20th Year!

One of East Yorkshire’s largest domestic cleaning franchise businesses is celebrating 20 years’ in business with the appointment of its 20th member of staff...

Bank misses deadline for HBOS scam pay-outs

Lloyds Banking Group has offered £35,000 each to cover expenses for victims of the HBOS fraud scandal after missing a self-imposed end of June...

How our thirst for spending has cut savings

There were lots of nuggets about the state of the economy that have emerged and just about none of them are very encouraging. GDP growth...

Ron Dennis cuts McLaren ties with stake sale

Ron Dennis, the former boss of the McLaren automotive group, is to sever ties with the Formula One company after 37 years. The announcement of...

Markets in a spin as end to stimulus nears

It hasn't felt as panicked as it was during the eurozone crisis, five years ago, but this has been a choppy week for the...

Spending power in longest decline since 1970s

Household spending power is in its longest decline since the 1970s and the rate at which consumers are saving has fallen to a record...

Dennis to sell McLaren shares in £275m deal

Ron Dennis, the former boss of the McLaren automotive group, is to sever his decades-long ties with the company with the sale of his...

Superdry owner rushes out results after 'theft'

The owner of the Superdry fashion chain has taken the rare step of releasing core figures from its annual results a week early, blaming...

Co-op Bank seeks top executive to aid revival

The US hedge funds preparing to assume near-full control of the Co-operative Bank have begun a search for a top executive to accelerate the...

Homebase-buyer Bunnings to create 1,000 jobs

Australian DIY chain Bunnings says it will create over 1,000 new jobs in the UK after its parent firm bought the Homebase brand last...

Prof Osborne! Former chancellor lands sixth job

George Osborne is to become honorary professor of economics at the University of Manchester - his sixth job since the former Chancellor left the...

Government 'minded to' refer Sky deal to CMA

Karen Bradley, the Secretary of State for Culture, Media and Sport, has said she is minded to refer the takeover bid by 21st Century...

Pound climbs boosted by consumer borrowing

The pound has climbed above $1.30 against the US dollar for the first time since before the election as figures showing a pick-up in...

iPhone celebrates its 10th anniversary

It's hard to imagine the world without smartphones as today marks the iPhone's 10th anniversary. Over a billion have been sold making it one of...

Payments app Revolut reaches £300m valuation

One of the UK's fastest growing financial technology companies is finalising a new round of funding that will value it at £300m. Sky News has...