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Tesla set to raise $1.8bn in bond offering

ByNathan BissittAugust 13, 2017

Tesla expects to raise nearly $1.8bn (£1.4bn) by selling “junk” bonds to private investors – even more than the electric car-maker aimed for when it announced the offering this month.The firm said the money will keep its balance sheet steady as it

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Start-ups giant Rocket Internet sells Glossybox

ByNathan BissittAugust 13, 2017

Rocket Internet and Kinnevik Online, two of Europe’s leading backers of internet start-ups, will this week announce the sale of Glossybox, a beauty products subscription service. Sky News has learnt that The Hut Group, the British-based health and beauty

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Philip Hammond and Liam Fox in post-Brexit deal call

ByNathan BissittAugust 13, 2017

The UK will need a transition period to help businesses adjust after Brexit, the chancellor and the international trade secretary have said. In a joint Sunday Telegraph article, Philip Hammond and Liam Fox stressed any deal would not be indefinite or a “back

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Hammond and Fox unite over Brexit transition

ByNathan BissittAugust 12, 2017

Britain will leave the European Union by the “back door” leaving the single market and customs union in March 2019, Philip Hammond and Liam Fox have jointly declared. In an attempt to provide a unified front after a summer of open conflict, the Chancellor

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Hut Group worth £2.5bn after Old Mutual backing

ByNathan BissittAugust 12, 2017

One of Britain’s fastest-growing technology start-ups has secured a new round of funding valuing it at £2.5bn – cementing its status among the country’s biggest privately owned companies. Sky News has learnt that The Hut Group, a health and beauty

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Wired weeding

ByNathan BissittAugust 11, 2017

Two centuries ago, when Victorian engineers were designing the latest in transport technology, Japanese knotweed sounded like a very clever idea.A plant that typically colonised volcanoes in Japan was imported to Britain to help hide, or possibly even stabilise,

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Generation wanderlust

ByNathan BissittAugust 11, 2017

Clint Johnston can’t speak on the phone when we first try because the service is patchy as he travels from Montenegro to Bosnia.The next week it’s hard to connect because he’s sailing in Croatia. It’s a pretty typical schedule for the

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Why is the US dollar falling?

ByNathan BissittAugust 11, 2017

The US dollar, long a symbol of American economic might, has fallen steadily this year. The value of the dollar index, which tracks the dollar against six major global currencies, has fallen about 10% since January. It pushed lower on Friday, even as demand for other

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Matchesfashion founders try on £600m suitors

ByNathan BissittAugust 11, 2017

Matchesfashion.com, the British online luxury retailer, is in talks with a clutch of investment funds about a takeover that would catapult its founders into the ranks of Britain’s super-rich. Sky News has learnt that Apax Partners, KKR and Permira are among the buyout

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Wilko opens redundancy talks with nearly 4,000 staff

ByNathan BissittAugust 11, 2017

High-street retailer Wilko has begun a redundancy consultation with nearly 4,000 staff members as it reorganises its business.Up to 1,000 senior supervisor roles and a “significant amount” of customer service posts will be created under the plans, the firm