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Doubts over GP as Silverstone triggers break clause

The future of the British Grand Prix has been thrown into doubt after Silverstone’s owners triggered a break clause in their contract with the sport’s bosses. The British Racing Drivers Club (BRDC), which owns the Northamptonshire track, says it has lost £7.6m over the last two years and “run …

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Apple-backed tech fund lures Goldman partner

A top Goldman Sachs banker is leaving to join the world’s biggest technology investment fund in a sign of the increasing allure of giant private capital pools to Wall Street’s leading dealmakers. Sky News has learnt that Michael Ronen, the co-chief operating officer of Goldman’s global technology, media and …

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Services Franchise Opportunites – Services Franchise Review

There are two main types of franchise: those that provide products and those that provide services. Product franchises include areas like retail and restaurants, where customers come in and pay money in exchange for goods. In the service franchise sector, customers exchange money for a particular activity or advice …

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Ofcom sets out limits for mobile auction

The UK’s communications watchdog has imposed a limit on the amount of mobile spectrum that companies can win in an upcoming auction.Ofcom will make available more mobile spectrum later this year to provide better support for 4G and 5G services.It said that in order to “safeguard competition”, it will …

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Pearson sells 22% stake in Penguin Random House

Shares in Pearson have risen after the company said it was selling a 22% stake in book publisher Penguin Random House.The sale, to its joint venture partner Bertelsmann, is expected to raise about $1bn (£776m) and Pearson said it would return £300m to shareholders.After the deal, Pearson will still …

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Taylor Review: UK should end cash-in-hand economy

The author of a government review into work practices is calling for an end to the “cash-in-hand economy”.Matthew Taylor, whose report is out on Tuesday, said cash jobs such as window cleaning and decorating were worth up to £6bn a year, much of it untaxed.The review also recommends that …

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Air India: No chicken in cattle class

Air India has stopped serving non-vegetarian meals to its economy class passengers on domestic flights.The cost-cutting measure comes as the government considers ways to privatise the debt-laden national carrier. Critics have suggested the move is discriminatory and will make very little difference to the airline’s bottom line. But Air …

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