Business

The sports vehicle backed by CVC Capital Partners, the former owner of Formula One motor racing, is close to striking a $300m deal to buy a majority stake in Equine Network, a US-based equestrian sports league. Sky News has learnt that Global Sport Group (GSG), which owns stakes in assets such as women’s professional tennis…

Britain’s largest operator of private hospitals is in talks with a pack of buyout firms about a takeover that would result in it becoming the latest FTSE-250 company to disappear from the London stock market. Sky News has learnt that private equity firms including Bridgepoint and Triton Partners are exploring bids for Spire Healthcare Group,…

Switzerland has been neutral ground in the heart of Europe for more than 500 years. This week, Davos provided a safe space for a full-frontal assault on the continent’s economic and political model that will be felt long after the canapes are cleared. The World Economic Forum has always relied on a political presence to…

TalkTalk Group has kicked off talks with prospective bidders for divisions including one of Britain’s biggest consumer internet providers. Sky News has learnt that TalkTalk, which supplies landline and broadband services to about 1.7 million UK customers, has begun discussions with potential buyers in the last few days. The initiation of talks comes about four…

Retail sales in the UK bounced back in December with a better-than-expected performance over the Christmas season, according to new figures. The total volume of retail sales, which measures the quantity bought, increased by 0.4% last month, said the Office for National Statistics (ONS). While the rise is small, it’s well above the 0.1% drop…

Donald Trump has filed a $5bn (£3.7bn) lawsuit against JPMorgan Chase (JPMC), accusing it of debanking him and his business empire after his first term in the White House ended. The US president claims America’s largest bank by assets and its chief executive Jamie Dimon closed a number of personal and business accounts in February…

JP Morgan Chase, the US-based banking giant, has swooped to buy a British pensions technology company as it tries to augment its retirement planning services to personal investing clients. Sky News has learnt that JP Morgan has agreed to snap up WealthOS, which was founded in 2019. Chaired by former Google executive John Herlihy, WealthOS…

The brewery group behind brands such as Black Sheep and Fourpure is to be rescued from the brink of collapse by Saltaire Brewery, a Yorkshire-based rival. Sky News has learnt that the future of Keystone Brewing Group, which has filed a series of notices of its intention to appoint administrators in recent weeks, is close…

Six out of nine US Supreme Court justices have indicated support for keeping a central bank interest rate-setter in her job, in defiance of the Donald Trump administration. The White House moved last year to remove Lisa Cook, a member of the Federal Reserve’s board, from her role, claiming she had committed mortgage fraud –…

The London-listed private equity firm Bridgepoint has struck a deal to back a provider of data and intelligence to the global infrastructure and project finance industries. Sky News understands that Bridgepoint Growth has agreed to buy a minority stake in Exile Group, which was founded in 2013 in Deptford, south-east London. The deal, which will…