Financial markets have been spooked by the resumption of a dispute between its chairman and the Trump administration over the independence of the US central bank. It emerged overnight that the White House was threatening to indict Jerome Powell over comments he made in Congress regarding rising renovation costs at the Federal Reserve buildings in…
The owners of The Very Group, one of Britain’s largest online shopping platforms, are to launch a £2bn auction of the company just months after taking control. US private equity giant Carlyle is partnering with Barclays and JP Morgan to handle the sale of Very, which sells a wide range of fashion, toys and electrical…
A UAE-based steel company has moved to buy Britain’s third-largest steel producer, just months after it was declared “hopelessly insolvent” and fell into the hands of official receivers. Sky News has learnt that Arabian Gulf Steel Industries (AGSI), headquartered in Abu Dhabi, is one of a number of smaller parties that have lodged an offer…
The consulting firm that oversaw controversial cost-cutting at Manchester United Football Club is being sold to the owner of Burger King’s British operations in a deal worth more than £800m. London-listed buyout firm Bridgepoint has agreed to buy a controlling stake in Interpath Advisory, Sky News has learnt. According to banking sources, the deal can…
