Business

A community action group in Tunbridge Wells is demanding the “immediate” sacking of South East Water’s chief executive after weeks of outages which have left tens of thousands of customers without water. Sky News has seen a letter from Dry Wells Action, which was formed by residents and businesses in the Kent town, to Chris…

The London-listed trading and investing platform IG Group has broken ranks with industry rivals by backing Rachel Reeves’s plans to overhaul Britain’s most popular savings product. Sky News has seen a letter from Michael Healy, the UK managing director of IG Group, in which he argues that cash ISAs “have become too popular relative to…

One of Britain’s most prominent online beauty retailers is exploring options to raise new funding through a process that could lead to an outright sale. Sky News has learnt that Beauty Bay, which is based in Manchester, has appointed advisers to undertake a strategic review. Sources said a process to seek new investment was likely…

A wealthy US-Saudi investor who expressed an interest in buying Chelsea Football Club four years ago has been in talks with one of the founding members of the English Football League about a potential investment. Sky News has learnt that Amr Zedan, who has business interests spanning sectors from energy to horseracing, has held a…

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…