Poundstretcher, one of Britain’s biggest discount retail chains, is being sold to the owner of Majestic Wine and Punch Pubs. Sky News has learnt that Fortress Investment Group has struck a deal to acquire Poundstretcher, which trades from more than 320 stores across the country. Based in Leicester, Poundstretcher employs …

Elon Musk has announced on his social media platform X, formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date. The Tesla boss is expected to announce major investment plans in the country soon. Last month, India cut import taxes on electric vehicles …

China ramped up coal power capacity last year, according to new analysis, despite a pledge to “strictly control” the dirtiest fossil fuel. The country added 47.4 Gigawatts (GW) of new coal power in 2023, more than double the amount added by the rest of the world combined. It raises concerns …

Fake flights and caravans are the two most common items being sold by fraudsters in relation to travel, Lloyds Bank’s research has found. As Britons head online to book deals for the upcoming bank holidays and summer, they have been urged to “remain vigilant”, with the average holiday scam victim …

“Since the storm we built over five gigawatts of battery storage capacity in Texas in three years, which is really an incredible pace,” says Dr Michael Webber, professor of energy resources at the University of Texas at Austin. That much energy, he says, is about “four large nuclear power plants”. …

Senior executives at the Post Office suggested that “lots and lots of cash lying around in unexpected places” might have meant sub-postmasters were led “into temptation”, rather than accept IT failings, an official inquiry has heard. The inquiry into faulty Horizon IT software at the Post Office, and the associated …

The investor trying to take control of Everton Football Club has pushed back its target date for completing the deal as it scrambles to raise hundreds of millions of pounds to fund it. Sky News has learnt that 777 Partners has told stakeholders, including the Premier League and prospective lenders, …

Nicholas Marks, 56, from Beaconsfield, is accused of fraud by not paying workers’ wages and pensions. Source link

On today’s show, Tesco has reported a sharp rise in annual profits. It posted an adjusted operating profit of £2.83bn for the year to the end of February – up 11% on the previous year. Ian King speaks to Andrew Gossage, chief executive of homewares supplier Ultimate Products, about shipping …

Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed. Source link

For the last four months, one of the biggest talking points in the betting and gaming industry has been who will become the next chief executive of Entain, the FTSE-100 combine whose businesses include Ladbrokes, Coral, Gala Bingo, Bwin and BetMGM. The post was vacated when, 11 days before Christmas, …

Post Office inquiry live updates: Lord Arbuthnot giving evidence – BBC News BreakingBreaking news Close breaking news Summary The Post Office inquiry hears from Lord Arbuthnot, a leading supporter of the campaign for justice for hundreds of wrongly convicted sub-postmasters He says he was not satisfied with a “brush off” …

Post Office inquiry live updates: Lord Arbuthnot giving evidence – BBC News BreakingBreaking news Close breaking news Summary The Post Office inquiry hears from Lord Arbuthnot, a leading supporter of the campaign for justice for hundreds of wrongly convicted sub-postmasters He says he was not satisfied with a “brush-off” reply …

The founders of a business telecoms and IT services provider are on the brink of toasting a nine-figure windfall after entering advanced talks to sell it to one of Britain’s leading private equity firms. Sky News has learnt that Focus Group is close to signing a deal to sell a …

The cost of applying for a new passport, as well as renewing one, goes up from midnight on Thursday. Source link

Ted Baker’s American licensing partner is a leading contender to take control of the fashion brand’s British operation weeks after it collapsed into administration. Sky News has learnt that OSL, which was appointed to run Ted Baker’s US retail business just over a year ago, is a frontrunner to take …

Post Office inquiry live updates: Lord Arbuthnot giving evidence – BBC News BreakingBreaking news Close breaking news Summary The Post Office inquiry is hearing from Lord Arbuthnot, a leading supporter of the campaign for justice for hundreds of wrongly convicted sub-postmasters He was the MP for one of the accused, …

Profits at Tesco reached £2.83bn – up more than £300m from a year earlier – as the UK’s largest supermarket group said it had brought down prices. More people are shopping at Tesco, due to improved product value and quality, the company said. Profits topped £2.83bn last year, up from …

The UK’s biggest supermarket chain made annual pre-tax profits of nearly £2.3bn up from £882m. Source link

More than seven million people in the UK were struggling with bills and credit repayments in January, according to a financial watchdog. The number is down significantly on the 10.9 million people in the same position in January 2023. However, it’s still above the 5.8 million recorded in February 2020, …