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One of Britain’s richest self-made men is taking steps towards a London flotation of his discount retail chain that could value it at close to £2bn. Sky News has learnt that Chris Dawson, who founded The Range nearly 30 years ago, has opened talks with investment banks about working …
Read More »May to end 'abuse' by bosses who risk pensions
Company bosses who put workers’ pensions at risk to “line their own pockets” will face huge fines under plans unveiled by Theresa May. The Prime Minister said tough new rules would be introduced to end the “unacceptable abuse” by irresponsible business chiefs following the collapse of Carillion. The construction …
Read More »CBI tells PM: Customs union must be Brexit priority
British business leaders have lambasted Theresa May’s cabinet for infighting over the UK’s trade position, accusing ministers of putting ideology before jobs and investment. Carolyn Fairbairn, director general of the Confederation of British Industry (CBI), will warn the Government that time is running out to make progress on Brexit …
Read More »Revealed: Carillion link to ministers' board reforms
Ministers want the chairman of one of Britain’s biggest construction groups to spearhead a new corporate governance code for private companies – even as the sector draws intense scrutiny in the wake of Carillion’s liquidation. Sky News has learnt that Greg Clark, the Business Secretary, has been asked to …
Read More »Carillion: The signals that the company was going bust
Carillion’s collapse was for many people a bolt from the blue – a large UK company that had no obvious problems went bust in a little more than a year.Even the company’s directors seemed to have no idea what was about to happen. In the annual report published in …
Read More »Donald Trump and the US economy in six charts
Donald Trump took his place in the White House exactly one year ago. Since then he has repeatedly claimed to be behind a new rise in the American economy. Here, six charts explore his relationship with US growth, the labour market and trade.1. The American economy is growingDonald Trump …
Read More »Hyperloop: A visit to the test site of Virgin's train of the future
A California start-up chaired by British entrepreneur Sir Richard Branson is trying to turn the dream of a high-speed pod-and-tube transport system into a reality.The BBC’s Rory Cellan-Jones travelled to Virgin Hyperloop One’s test site in Nevada, US, to see how much progress it is making. Source: BBC News
Read More »Dixons Carphone boss leaves for Boots
The chief executive of Currys PC World and Carphone Warehouse is leaving to join High Street chemist Boots.Dixons Carphone confirmed the departure of its boss Sebastian James, just days before it reports its results for the Christmas period.Last month, the firm warned of a sharp fall in profits because …
Read More »Dixons Carphone chief in shock exit to Boots
The chief executive of Britain’s biggest specialist electrical goods and mobile phone retailer is quitting days before it updates the City on its Christmas trading performance. Sky News can reveal that Sebastian James, who has run Dixons Carphone since the company was created in 2014, is to leave to …
Read More »US shutdown: Senate bill on verge of collapse amid rancour
The Republican-controlled Senate’s bid to avert a US government shutdown is teetering on the brink of collapse as it races against a midnight deadline.The House of Representatives voted 230-197 on Thursday night for a budget bill to extend funding until next month.But the upper chamber is set for a …
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