Tag: City editor
TransferWise share sale to value UK fintech champion at £3bn
Sky News has learnt that TransferWise has appointed Goldman Sachs to advise on the sale of approximately $200m (£153m) of shares by existing investors
Interserve lenders to sweeten terms of £500m rescue
Sky News has learnt that the lenders, which include hedge funds such as Angelo Gordon and Davidson Kempner, are in talks about doubling the proportion of Interserve's equity that would be owned by its existing shareholders
Pearson strikes £500m pension insurance deal with L&G
Sky News has learnt that Pearson will unveil the deal encompassing a significant proportion of its retirement scheme alongside its annual results
HSBC veteran Phillips to leave months after scathing memo
Sky News has learnt that Robin Phillips, HSBC's co-head of global banking, is to leave the role in the coming months
May met Ineos chair for off-roader talks as tax row loomed
Sky News has learnt that Sir Jim met the prime minister and Greg Clark, the business secretary, late last week to discuss the 4x4 project, which Ineos has said will be constructed either in the UK or in Continental Europe
Arizona airline Mesa swoops with bid to ground Flybe deal
Sky News can exclusively reveal that Mesa Air Group, which is headquartered in Phoenix, is part of a consortium which has tabled an offer to inject £65m of new equity into Flybe
Mobile phone designer Bullitt fires up change of owner
Sky News understands that Exponent Private Equity, which has successfully backed companies including Quorn and Trainline, is expected to agree to a restructuring of Bullitt's finances in the coming weeks
Honda to stun ministers with closure of Swindon factory
Sky News has learnt that the Japanese car manufacturer could disclose the plan as soon as Tuesday morning
Gove bows to food industry pressure on reform agenda
Sky News has obtained a letter sent by Mr Gove to dozens of trade associations in which he agrees to delay the timing of several consultations relating to the government's resources and waste strategy, as well as changes to the way chemicals and pesticides are regulated
Branson hunts Galactic cash after grounding $1bn Saudi deal
Sky News has learnt that the Virgin Group founder has hired LionTree Advisors, a corporate finance firm, to help raise hundreds of millions of pounds to inject into Virgin Galactic and Virgin Orbit
