Saturday, February 23, 2019
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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