Business

If you’ve ever spent your morning commute daydreaming about starting afresh with your career, this feature is for you. Each Monday, the Money blog speaks to someone from a different profession to discover what it’s really like. This week we chat to consultant child and adolescent psychiatrist at Berkshire Healthcare NHS Trust, Dr Guy Northover……

Thames Water’s largest group of creditors is to offer an additional £1bn-plus sweetener in a bid to persuade Ofwat and the government to pursue a rescue deal with them that would head off the nationalisation of Britain’s biggest water utility. Sky News has learnt that the senior creditors, which account for roughly £13bn of Thames…

The McLaren Formula One team is to be valued at over £3bn in a deal that will reap a stellar return for the investors which helped bail out its parent company during the pandemic. Sky News can exclusively reveal that McLaren Group’s owners – Mumtalakat, the Bahraini sovereign wealth fund, and Abu Dhabi-based automotive investment…

The vast majority of policymakers in Westminster, let alone elsewhere around the UK, have never heard of the Shanghai Cooperation Organisation, the geopolitical grouping currently holding its summit at Tianjin, but hear me out on why we should all be paying considerable attention to it. Because the more attention you pay to this grouping of…

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…