Business

Aberdeen is in exclusive talks to sell Finimize, the investment insights platform it bought just four years ago, as its new chief executive unwinds another chunk of his predecessor’s legacy. Sky News understands the FTSE-250 asset management group has narrowed its search for a buyer for Finimize to a single party. The exclusive talks with…

Up to 550 roles are to be cut across car maker Lotus’s UK operations, the company said. The losses will be made across the business, with no one portion in particular being pared back, a spokesperson said. A consultation process on the cuts is underway, and those who lose their job will have the opportunity…

The cost of Mounjaro, one of Britain’s biggest-selling weight loss drugs, will be heavily discounted across UK pharmacies when the official list price soars next week, Sky News has learned. We’ve seen a confidential document from the makers Eli Lilly to pharmacies setting out the scheme, with a saving of £83 on the cost of…

Naguib Kheraj, the City veteran, has been shortlisted to become the next chairman of HSBC Holdings, Europe’s biggest bank. Sky News can reveal that Mr Kheraj, a former Barclays finance chief, is among a small number of contenders currently being considered to replace Sir Mark Tucker. HSBC, which has a market capitalisation of £165.4bn, has…

A former boss of the consultancy firm BCG is being drafted in to chair one of Britain’s biggest auditors by its new private equity backers. Sky News has learnt that Stuart Quickenden, who is now a senior advisor to BCG in the UK, will be named chairman of Grant Thornton UK in an announcement expected…

Shares in UK banks have fallen sharply on the back of a report which urges the chancellor to place their profits in her sights in the coming budget. As Rachel Reeves stares down a growing deficit – estimated at between £20bn-£40bn heading into the autumn – the Institute for Public Policy Research (IPPR) said there…

The man dubbed “Britain’s most hated boss” for his controversial policy of sacking hundreds of seafarers and replacing them with cheaper agency staff is to quit. Sky News can exclusively reveal that Peter Hebblethwaite, the chief executive of P&O Ferries, is leaving the company. Sources said he had decided to resign for personal reasons. Money…

Donald Trump has cancelled a loophole from today that had allowed consumers and businesses to be spared duties for sending low-value goods to the United States. The so-called de minimis exemption had applied across the world before Trump 2.0 but the president has taken action – and the UK may soon follow suit – as…

The private equity firm founded by Guy Hands, the veteran financier, is exploring an offer to buy Hotel du Vin and Malmaison, two of Britain’s best-known hotel chains. Sky News has learnt that Terra Firma Capital Partners, which is now run by Mr Hands’ son, Richard, is among the suitors who have been in talks…