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

Chinese state fund lures Hermes into ÂŁ11bn National Grid bid — The City asset manager owned by BT's pension fund has joined a Chinese government-led bid for the UK's biggest gas pipeline network amid ministerial warnings that foreign takeovers of British assets will attract closer scrutiny. Sky News has learnt that Hermes Investment Management signed up on Thursday to a consortium vying to buy a controlling stake in National Grid's gas distribution division.

Software tycoons eye ÂŁ300m payday even as IPO market stalls — A group of software entrepreneurs are drawing up plans for a £300m flotation or sale next year even as London's market for new share offerings continues to stall. Sky News understands that CHP Consulting, which provides end-to-end software across industries including automotive finance‎, has appointed bankers at Rothschild to review options for the future of the company.

RBS sets aside more funds as investor lawsuits near settlement — The ghost of Fred Goodwin will return to haunt Royal Bank of Scotland (RBS) again this week when his former employer is forced to set aside millions of pounds more to settle legal action brought by major City shareholders.

Vodafone hit by multimillion pound fine over litany of failures — Vodafone is to be hit with a multimillion pound fine for a litany of failures in its UK business, including the way it handled complaints and its delivery of services to pay-as-you-go customers. Sky News has learnt that Ofcom, the telecoms industry regulator, will announce on Wednesday the outcome of two probes into the communications giant, both of which have lasted nearly 18 months.

Whisky chief Frost jumps ship to Whitehall for key foreign affairs role — The boss of the Scotch Whisky industry's trade body is jumping ship to a new role in Whitehall just weeks after claiming that the UK's exit from the European Union (EU) would deliver major opportunities to the sector.

US hints at delay to huge bank fines for mortgage mis-selling — A series of huge fines from US regulators for mis-selling mortgage securities could be delayed until after next month's presidential election, dealing a blow to Royal Bank of Scotland's (RBS's) hopes of finalising a settlement by the end of the year.

UK virtual world start-up seeks funds at Improbable valuation — A British technology company which last year attracted money from one of the hottest investors in Silicon Valley is in talks with prospective backers about a new funding round that could value it at more than £400m.

Axa in talks to offload broking arm Bluefin to US giant Marsh — The French insurance giant Axa is in detailed talks to offload another chunk of its British operations following a string of asset sales in recent years totalling billions of pounds. Sky News has learnt that Axa is in advanced discussions to sell Bluefin, one of the UK's biggest insurance broking networks, to Marsh, the US-headquartered giant.

Gatwick fires last-ditch warning over Heathrow expansion 'risks' — Gatwick Airport will fire a last-ditch warning about the "risks" of expanding rival Heathrow just hours before a committee chaired by Theresa May approves the first new runway in the south-east for decades. Sky News understands that Gatwick executives will write to the Cabinet sub-committee on airport expansion on Monday in an eleventh-hour attempt to persuade ministers that it should be permitted to build a new runway.

City giants lure top Treasury official to aid Brexit plan — A senior Treasury official has been drafted in to help Britain's financial services sector respond to the potential loss of seamless access to Europe's single market. Sky News has learnt that Emil Levendoglu, who was involved in drafting key legislation affecting the UK banking industry, joined the European Financial Services Chairmen's Advisory Committee (EFSCAC) earlier this week.
More Articles →
Oct 27, 2016

Exclusive: UK's Hermes joins Chinese state-led bid for National Grid unit as foregin ownership scrutiny grows. 

Oct 27, 2016

Revealed: Software tycoons at CHP eye £300m windfall from sale or float even as IPO market continues to stall. 

Oct 27, 2016

Sounds like Nissan will announce decision today to build new Qashqai at Sunderland; follows recent meetings between carmaker and ministers.

Oct 26, 2016

Exclusive: RBS to set aside more funds this week for settling shareholder lawsuits over ill-fated 2008 rights issue. 

Oct 25, 2016

Exclusive: Vodafone's UK arm to be hit by multimillion pound Ofcom fine tomorrow over complaints-handling failings. 

Oct 25, 2016

Exclusive: Scotch Whisky sector drowns sorrows as trade body chief David Frost quits for Foreign Office Brexit role. 

Oct 24, 2016

Exclusive: US officials hint at delay to bank mega-fines for mortgage mis-selling until after next month's election. 

Oct 24, 2016

Revealed: Fresh clue that Heathrow will get nod tomorrow for third runway in memo sent by the airport to airlines.

Oct 24, 2016

Exclusive: UK technology start-up Improbable seeks funds at bumper $500m valuation in bid to expand more quickly. 

Oct 23, 2016

Exclusive: Axa in advanced talks to offload UK insurance broking network Bluefin to industry giant Marsh. 

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