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

New Look Chairman Mason Quits After £2bn Deal

news.sky.com — Paul Mason, the retail veteran who chairs New Look, is to step down from his role at the fashion retailer following its £2bn takeover by a South African investment vehicle. Sky News understands that Mr Mason, a former chief executive of Asda and the current chairman of Cath Kidston, the upmarket lifestyle brand, will leave New Look in the coming days.

Buyout Firms Circle Fresh Food Giant Bakkavor

news.sky.com — Some of Europe's biggest private equity firms are circling a supplier of ready-meals to Marks & Spencer and Tesco even as price deflation hampers food producers' profitability. Sky News understands that PAI Partners and Pamplona Capital are two of the buyout groups which have tabled offers to buy a large stake in Bakkavor.

Worldpay Hunts New Chair As Allan Steps Down

news.sky.com — John Allan, the new chairman of Tesco, is to step down from his role at Worldpay as the payments processing giant heads towards one of London's biggest stock market flotations in years. Sky News has learnt that Worldpay will announce on Friday that Mr Allan will vacate the role of chairman, which he has held since 2011.

Phones 4U Debtor EE Targeted By Administrator

news.sky.com — Administrators to Phones 4U, the high street retailer which collapsed last year, are inching towards launching legal action against third party debtors including the UK's biggest mobile phone group. Sky News has learnt that PricewaterhouseCoopers (PwC) has issued a series of so-called "letters before action', setting out the obligations of debtors to repay money owed to a company prior to its collapse.

Kuoni Travel Auction Draws Bid From Endless

news.sky.com — A British turnaround investor has entered the fray to buy Jules Verne and some of Britain's best-known specialist travel brands. Sky News understands that Endless, a private equity group, was among a clutch of preliminary bidders for the tour operating arm of Kuoni, the Swiss-based company.

Airbus UK Chief Warns Over 'Brexit' Threat

news.sky.com — One of the largest foreign manufacturing employers‎ in the UK has warned that future investment could be jeopardised by a British withdrawal from the European Union. Paul Kahn, the ‎UK president of Airbus Group, said on Wednesday that a so-called "Brexit" risked damaging the UK as a destination for future projects and could undermine the career prospects of young British engineers.

Booker To Buy Londis and Budgens Chains

news.sky.com — The food wholesale‎r Booker is to buy the Londis and Budgens chains in England, Scotland and Wales in a deal that will strengthen its status as an independent grocery retailer. Sky News has learnt that Booker will announce a £40m deal on Thursday to buy the two so-called symbol groups from Musgrave Group, an Irish company.

Airbus Chief Warns On Brexit Threat

news.sky.com — One of the largest foreign manufacturing employers‎ in the UK has warned that future investment could be jeopardised by a British withdrawal from the European Union. Paul Kahn, the ‎UK president of Airbus Group, said on Wednesday that a so-called 'Brexit' risked damaging the UK as a destination for future projects and could undermine the career prospects of young British engineers.

Hg To Buy Effects Firm The Foundry For £200m

news.sky.com — The British visual effects firm which has worked on Hollywood blockbusters such as Gravity and Interstellar will be sold on Thursday in a deal valuing it at £200m. Sky News has learnt that The Foundry, which offers post-production and other services to film and television studios, is being bought by Hg Capital, a London-based private equity firm.

CVC Wins Battle For Euro Theatre Giant Stage

news.sky.com — The private equity firm which is the largest shareholder in Formula One motor racing is close to striking a deal to invest in Stage Entertainment, the theatre company behind Made in Dagenham.
More Articles →
May 22, 2015

Exclusive: Retail veteran Paul Mason to step down as New Look chair following £2bn takeover by South Africa's Brait. goo.gl/cBweZW

May 22, 2015

Exclusive: Buyout firms including PAI, Pamplona circle UK's biggest fresh food group despite deflationary pressures. goo.gl/ueXGGr

May 21, 2015

Exclusive: Tesco chairman John Allan to resign from same role at Worldpay as payment processor prepares £6bn float. goo.gl/1xR76R

May 21, 2015

Exclusive: Phones 4U debtors including EE face threat of legal action from administrator to mobile phone retailer. goo.gl/o3cpwz

May 21, 2015

Exclusive: Kuoni tour operator brands including Jules Verne draw bid interest from private equity group Endless. goo.gl/AgQtXq

May 20, 2015

Deal for Booker to buy British arm of Budgens and Londis from Musgrave to be announced tomorrow morning. goo.gl/gChmO6

May 20, 2015

Exclusive: Booker to announce takeover of Budgens and Londis chains tomorrow in £40m deal. Full story on @SkyNews website shortly.

May 20, 2015

Airbus Group UK boss Paul Kahn tells me future UK investment would be jeopardised by British exit from the EU. goo.gl/LtQZYE

May 20, 2015

Exclusive: Leading British visual effects firm The Foundry to be bought by Hg Capital tomorrow in deal worth £200m. goo.gl/Bhxu36

May 20, 2015

Exclusive: Buyout firm CVC Capital close to deal to buy 60% stake in Made in Dagenham producer Stage Entertainment. goo.gl/1Vl7Bb

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