Business

Potential suitors have again begun circling ITV, Britain’s biggest terrestrial commercial broadcaster, after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny. Sky News has learnt that a number of possible bidders for parts or all of the company, whose biggest shows include Love Island, have in recent weeks
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Bosch will cut up to 5,500 jobs as it struggles with slow electric vehicle sales and competition from Chinese imports. It is the latest blow to the European car industry after Volkswagen and Ford announced thousands of job cuts in the last month. Cheaper Chinese-made electric cars have made it trickier for European manufacturers to
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Cambridge University’s wealthiest college is putting the long-term lease of London’s O2 arena up for sale. Sky News has learnt that Trinity College has instructed property advisers to begin sounding out prospective investors about a deal. Trinity, which ranks among Britain’s biggest landowners, acquired the site in 2009 for a reported £24m. The O2, which
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Pizza Hut’s biggest UK franchisee has begun approaching potential bidders as it scrambles to mitigate the looming impact of tax hikes announced in last month’s Budget. Sky News has learnt that Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions
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Typhoo Tea is preparing to enter administration after 120 years in business, amid declining sales and mounting debts. Typhoo, one of Britain’s oldest tea companies, has filed a court notice to explore potential solutions, with plans to appoint EY as administrators. In a statement to Sky News, chief executive Dave McNulty said: “This action has
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Chancellor Rachel Reeves has criticised post-financial crash regulation, saying it has “gone too far” – setting a course for cutting red tape in her first speech to Britain’s most important gathering of financiers and business leaders. Increased rules on lenders that followed the 2008 crisis have had “unintended consequences”, Ms Reeves will say in her
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