Author: Nathan Bissitt

Tesco is aiming to tie-up a “strategic alliance” with Carrefour in France in a move aimed at cutting costs which can then be passed on to customers. The UK’s largest grocer announced the plan on Monday morning against a backdrop of consolidation in

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Tens of thousands of jobs have been lost on Britain’s high streets during the first half of this year. According to the Press Association, some 50,000 people have been made redundant or have had their jobs threatened, most of them in the big name chains.

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The billionaire entrepreneur Sir Charles Dunstone ‎has taken advantage of a slide in the share price of TalkTalk by topping up his stake to cement his status as the company’s biggest investor. Sky News has learnt that Sir Charles, who was reinstated to an

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The UK could remain in key elements of the EU beyond the end of 2020 through an extension of the planned Brexit transition period, a top minister has suggested. Business Secretary Greg Clark claimed the government would need to be “guided by the evidence”

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A top City fund manager is trying to broker an 11th-hour peace deal at the warring conglomerate Stobart Group that would involve installing the veteran businessman Allan Leighton as the company’s interim chairman. Sky News has learnt that M&G Investments,

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Tata Steel and German firm Thyssenkrupp have agreed a merger deal that will create the second biggest steelmaker in Europe. Thyssenkrupp’s executive board approved the plans for “a 50-50 joint venture” to combine the European steel businesses of

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The owners of Birmingham’s NEC exhibition centre are preparing to reap a massive windfall from its sale‎ four years after buying it from Birmingham City Council. Sky News has learnt that LDC, the private equity arm of Lloyds Banking Group, is in talks with

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Dame Inga Beale, one of the City’s most powerful women, is to step down as chief executive of Lloyd’s of London next year. She has been heading the global insurance and reinsurance market since January 2014. During her time in the role, she has driven

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A funds platform which counts hundreds of independent financial advisers among its shareholders will launch a London float next week that could value it at £150m. Sky News has learnt that Nucleus Financial, which is based in Edinburgh and has more than £13.5bn of

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The publisher of the Daily Mirror newspaper has set aside another £7.5m to settle phone-hacking claims. Reach, formerly known as Trinity Mirror, also said it expects revenue to rise 11% in the 26 weeks to 1 July, boosted by its £127m acquisition of the Daily Express

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