Business

Border Force, rail and driving test staff are resuming strike action today – but strikes by waste collection workers in Wirral have been called off after a pay offer was accepted. Those striking on Wednesday include: Members of the Transport Salaried Staffs’ Association (TSSA) at Great Western Railway will walk out from noon to 11.59am
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The prominent investment management firm GAM Holding is intensifying discussions over a potential sale months after it was forced to issue a profit warning. Sky News has learnt that GAM, which has assets under management of approximately CHF74.5bn (£66.38bn), is working with bankers at UBS to field interest from prospective bidders. The process is said
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Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the Bank of England has warned. Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky
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Regulated rail fares in England will increase by up to 5.9% from 5 March next year, the Department for Transport (DfT) has announced. The increase is being imposed to support “crucial investment and the financial stability” of the railway, the department said. Transport Secretary Mark Harper said: “This is the biggest-ever government intervention in rail
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Government borrowing reached the highest amount for November since records began in 1993, official data shows. Last month, net public sector borrowing – excluding public sector banks – totalled £22bn, according to figures from the Office for National Statistics (ONS). The figure was up by £13.9bn compared to November 2021 and nearly £9bn higher than
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The London-listed advertising technology company whose directors include Rebekah Brooks, the boss of The Sun newspaper’s publisher, has kicked off talks that could lead to it being sold. Sky News has learnt that Tremor International, whose shares have halved in the last 12 months, is working with bankers at Goldman Sachs to solicit takeover interest.
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The business secretary has ordered an investment firm backed by sanctioned Russian oligarchs to sell regional broadband provider Upp, citing national security concerns. Grant Shapps ruled that the ownership of LetterOne, known as L1, was a national security risk. Its investors include the sanctioned Russian businessman Mikhail Fridman. The decision was made under the provisions
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