City editor of Sky News, City AM columnist and Charlton Athletic fan. London Press Club Business Journalist of the Year 2011.

Alliance Trust Defends Chair's Share Purchase — The chairman of Alliance Trust acquired thousands of shares in the company weeks after an activist shareholder had privately indicated that it was preparing to call for a boardroom shake-up. Sky News can reveal that Karin Forseke, a former deputy chairman and senior independent director of the Financial Services Authority, bought the shares - worth approximately £25,000 - on 9 March, three days after Alliance Trust published its full-year results.

Former Ofcom Chief To Lead Bank Body Overhaul — The former head of the media regulator is to spearhead a plan to overhaul the myriad trade associations which represent Britain's beleaguered banking industry. Sky News has learnt that Ed Richards, who stepped down as chief executive of Ofcom at the end of last year, will be named on Friday to his first major post since leaving the regulator.

Co-op Bank Secures Chief Executive Until 2017 — The struggling Co-operative Bank will announce on Friday that it has struck a deal to keep its chief executive until at least 2017 as it attempts to return to profitability. Sky News understands that Niall Booker, a former HSBC executive, has agreed to remain in his post for around two more years amid pressure from regulators for continuity at the helm of the embattled lender.

Rio Tinto Cuts UK Jobs As 1500 Staff Face Axe — The mining giant Rio Tinto is taking the axe to at least 1500 jobs, including a substantial proportion of the roles at its London headquarters, as it braces for a sustained dip in global commodity prices.

Haversham Drives Off With £1.2bn Car Dealer — Britain's biggest seller of secondhand cars is to reverse onto the London stock market in a £1.2bn deal that could be announced within hours. Sky News has learnt that British Car Auctions (BCA) is in the final stages of talks about an agreement to be acquired by Haversham Holdings, a vehicle set up to buy companies in the automotive sector.

Ex-Centrica Chief To Hand Bonus To Charity — The former boss of Centrica, Britain's biggest energy supplier, is to hand "a substantial portion" of his annual bonus to charity for the second successive year. Sky News has learnt that Sam Laidlaw, who stepped down as chief executive of the parent company of British Gas at the end of December, has decided to donate part of an award of approximately £500,000 to voluntary causes.

Heathrow Snubs Runway Rival's Approach Path — The board of Britain's biggest airport has been holding secret talks about a multimillion pound swoop to acquire a rival runway expansion concept at Heathrow. Sky News has learnt that directors of Heathrow Airport Holdings (HAH) discussed in recent days a suggestion that it should acquire the intellectual property rights held by Runway Innovations, an independent group which wants to extend - and then divide in two - the airport's existing northern runway.

British Gas Boss Set For Energy Inquiry Talks — The owner of Britain's biggest energy supplier will attempt to persuade regulators on Wednesday that millions of its customers are not disadvantaged despite evidence showing that many of them have never switched to cheaper rivals.

Profits Crisis Sparks New Tesco Legal Battle — The challenge facing Tesco's new leadership team will be underlined on Tuesday with the emergence of another legal claim from shareholders over the retailer's £263m profit mis-statement. Sky News understands that a leading litigation specialist has been appointed to co-ordinate an action from a group of Tesco investors who will demand compensation following the slump in its share price last autumn.

Terra Firma Boss Beds Down With Malmaison Bid — The buyout tycoon Guy Hands is circling two of the UK's best-known hotel chains in what would represent a rare UK investment since his high-profile ownership of EMI came to an ignominious end.
More Articles →
Mar 27, 2015

Revealed: Alliance Trust chair (and ex-FSA director) bought shares after activist hinted at push for board changes.

Mar 26, 2015

Exclusive: Ex-Ofcom chief executive to lead overhaul of bodies representing UK's beleaguered banking industry.

Mar 26, 2015

Exclusive: Struggling Co-op Bank to announce alongside results tomorrow that CEO Niall Booker will stay until 2017.

Mar 26, 2015

Exclusive: Rio Tinto takes axe to UK workforce as 1500 jobs go at FTSE-100 mining giant.

Mar 25, 2015

Thousands of small financial sector firms to face first increase in regulatory fees since FCA was set up, City watchdog to say tomorrow.

Mar 25, 2015

Exclusive: Haversham Holdings to drive off with British Car Auctions in £1.2bn deal likely to be announced tomorrow.

Mar 25, 2015

Exclusive: Ex-Centrica CEO Sam Laidlaw to donate part of £500,000 bonus to charity; was paid approx £3m last year.

Mar 24, 2015

Revealed: Full detail of 'Access to Banking Protocol' agreed between Vince Cable and banks governing branch closures.

Mar 24, 2015

Exclusive: The AA, UK's biggest breakdown recovery service, to tap investors for £200m as part of £935m refinancing.

Mar 24, 2015

Exclusive: Board of Heathrow Airport's parent has held secret talks about deal to acquire rival's expansion plans.

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