Author: Nathan Bissitt

Poundworld has started a closing down sale across its entire estate of shops – but says it still hopes to survive. The retailer, which went into administration earlier this month, sent a memo to staff saying that “trading has been difficult for a

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The former chief executive of Anglo Irish Bank has been jailed for six years for inflating the failing bank’s balance sheet. David Drumm, 51, was earlier this month convicted of conspiracy to defraud and false accounting by a Dublin court. Ahead of the

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The parent company of the teachers’ bible, the Times Education Supplement, is to be broken up and sold off by its private equity backers. Sky News has learnt that TPG Capital, the American private equity firm, has hired investment bankers ‎from Macquarie Capital

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Back before he was Labour’s shadow chancellor, John McDonnell liked to say that if Labour got into power the first thing it would do is to strip the Bank of England of its power to set interest rates. It is quite something, then, that today Mr McDonnell

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The battle for control of some of the entertainment world’s most prized properties has hotted up, with Disney dramatically increasing its offer for the entertainment assets of 21st Century Fox. Disney raised its offer for the assets from $52.4bn to $71.3bn and

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People living in urban areas have bigger debts than those in the countryside, according to a study by the City watchdog. It found unsecured debts in rural areas are generally lower with the average amount owed by a town or city resident over a £1,000 more (£3,600)

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A White House advisor said Beijing has underestimated President Donald Trump in its trade dispute, raising the spectre of an escalating trade war.  Beijing has accused the United States of “extreme pressure and blackmailing” and vowed to retaliate after

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A Tesla employee has been carrying out “extensive and damaging sabotage”, according to the company’s chief executive. Elon Musk alleged in an email to staff that the employee sent sensitive data to unnamed third parties and made code changes to its

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Sky News has received a 15-year funding commitment from entertainment giant Disney in the latest twist in the takeover battle for parent company Sky. Disney committed to funding Sky News to the tune of at least £100m a year, for the next 15 years, as well as agreeing

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German automaker Audi has named Abraham Schot as interim chief executive following the arrest of Rupert Stadler as part of a probe into emissions cheating. In a statement, Audi said it had “accepted the request” of Mr Stadler “to release him from his

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