City editor of Sky News, City AM columnist and Charlton Athletic fan. London Press Club Business Journalist of the Year 2011 and 2015.

Clark To Calm Japanese Car Giants Over Brexit

news.sky.com — Japan's biggest car manufacturers will demand clarity next week about the timing of the UK's departure from the European Union (EU) when they hold their first direct talks with Government ministers since the referendum. Sky News has learnt that Greg Clark, the new Business Secretary, will meet executives from companies including Nissan during a visit to Japan.

Johnson To Set Sail From Online Cruise Giant

news.sky.com — One of Britain's leading entrepreneurs is poised to cash in on the growth of the online cruise-booking market by selling an industry-leading website for about £50m. Sky News understands that Risk Capital Partners, the private equity firm founded by Luke Johnson, is in detailed talks to sell Cruise.co to Bridgepoint Development Capital.

VocaLink Boss Nets ÂŁ5m From Mastercard Deal

news.sky.com — The chief executive of VocaLink will be handed a multi-million pound windfall from Mastercard's takeover of the British payments firm. Sky News has learnt that David Yates, who will remain with the business following the deal, is in line to receive a payout of around £5m.

Swiss Re Unit In Talks Over ÂŁ1bn Stake Sale

news.sky.com — One of Europe's biggest consolidators of closed-life insurance policies is approaching investors about the sale of a £1bn stake that could bolster its firepower for further acquisitions. Sky News has learnt that Swiss Re, a huge reinsurance group, has held initial talks with pension funds and sovereign wealth funds about a deal to bring one or more of them in as a substantial minority shareholder.

First Utility Eyes Share Sale As IPO Spark Fades

stage.news.sky.com — The biggest challenger to Britain's big six energy suppliers is preparing for an ownership shake-up as the prospect of a stock market listing recedes amid continued uncertainty about the industry's regulation. Sky News has learnt that investors in Impello, the parent company of First Utility, approved at its annual meeting this month a resolution to conduct a secondary share sale in the coming months.

Suitor Crunches Numbers On ÂŁ200m Cadbury Deal

news.sky.com — The American food behemoth which swooped on Cadbury in a controversial takeover six years ago is in talks to buy the unit which makes biscuits bearing the British brand's name. Sky News has learnt that Mondelez recently approached Burton's Biscuits, the owner of Wagon Wheels, with an offer to buy its Cadbury licence.

Fidelity Chief Backs May's Pay Crackdown

news.sky.com — One of the City's top investors is to come out in support of Theresa May's plan for a crackdown on City pay that will give investors a binding annual vote on big boardroom reward packages.

Evans In Bank Talks As Cycle Market Turns

news.sky.com — A slowdown in bicycle sales has prompted one of the industry's biggest retailers to kick off talks with its lenders about an overhaul of its financing arrangements. Sky News understands that Evans Cycles, which is owned by the private equity firm ECI Partners, is in discussions with banks about a revamped financing structure.

Lad Bible Matures With Arrival Of First CFO

news.sky.com — A British youth media brand which is reaching 400 million consumers every month will take another step towards corporate maturity this week when it names its first chief financial officer. Sky News understands that TheLadBible Group, which publishes a digital magazine of the same name, will announce the appointment of Pete Wade, a former eBay executive.

Santander Eyes Restructured RBS Branch Deal

news.sky.com — Santander UK is examining a restructured deal to acquire millions of customers of rival Royal Bank of Scotland (RBS) as a five-year process to create a new high street lender remains mired in technology problems. Sky News understands that the Spanish-owned bank, which is already the fifth-biggest in Britain, has been looking at whether it can take on an entity due to be rebranded as Williams & Glyn (W&G) through a so-called asset transfer deal.
More Articles →
Jul 24, 2016

Exclusive: Post-EU referendum rise in pension deficits hampering BT agreement with Ofcom on future of Openreach arm.  http://bit.ly/29XRA5I 

Jul 23, 2016

Revealed: Remaining 114 #BHS stores to close by August 20 with loss of 5000 jobs, administrator to say on Monday.  http://goo.gl/j13UZ8 

Jul 22, 2016

Exclusive: Japanese carmakers including Nissan to demand clarity over Brexit terms during talks with Govt next week.  http://bit.ly/2a6hhUO 

Jul 22, 2016

Revealed: Entrepreneur Luke Johnson poised to disembark 'TripAdvisor of cruises' with £50m sale to Bridgepoint.  http://goo.gl/dzbGEJ 

Jul 21, 2016

Revealed: VocaLink chief exec David Yates to net £5m payout from takeover of British payments firm by Mastercard.  http://bit.ly/2ajJOYZ 

Jul 21, 2016

Exclusive: Swiss Re in talks with sovereign wealth, pension funds about sale of £1bn stake in Admin Re subsidiary.  http://goo.gl/ViOQIC 

Jul 21, 2016

2015-16 figures from PPF bound to reflect well on stewardship of CEO Alan Rubenstein and recently departed chairman Lady Barbara Judge.

Jul 21, 2016

PPF pensions lifeboat expected to publish performance figures showing robust surplus today despite BHS schemes entering assessment period.

Jul 20, 2016

Exclusive: First Utility, a challenger to the big six energy suppliers, prepares for share sale as IPO spark fades.  http://goo.gl/Soxxfg 

Jul 20, 2016

Exclusive: US food giant Mondelez to reprise controversial Cadbury raid with £200m swoop on Burton's-owned licence.  http://bit.ly/29Uj2Rx 


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