Phillips 66 plans to not restart fuel production at Lindsey oil refinery
The winning bidder for one of the country’s last remaining oil refineries has stated that it does not intend to resume fuel production at the site and cannot assure how…
Can Trump boost Venezuela’s oil production decline?
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Bridgepoint acquires Interpath Advisory for over £800m
The advisory firm overseeing a cost purge at Manchester United Football Club is set to be sold to the owner of Burger King’s British operations for over £800m. Bridgepoint, a…
Oakley Capital acquires finance specialist GLAS in £1bn deal
The private equity firm which has backed Time Out and Britain’s next tilt at the Americas Cup has landed a £1bn-plus deal to buy a fast-growing player in the global…
GetYourGuide considers share sale post-profitability
The travel experiences marketplace GetYourGuide is considering a share sale at a multibillion Euro valuation, showcasing the sector’s recovery from the impact of the COVID pandemic. Sky News has discovered…
FTSE 100 Milestone Reflects Company Diversity and Optimism
Passing the 10,000-point barrier is a significant milestone for the FTSE 100, symbolizing an upward trend for the index of the UK’s largest companies and providing cautious optimism for the…
Dexters to seek £500m sale amid housing market slowdown
The private equity backers of London’s biggest estate agency chain are exploring a potential sale valuing it at more than £500m, despite the looming threat of Rachel Reeves’ new «mansion…
TGI Fridays insolvency plan to result in hundreds of job losses
British hospitality workers are facing job losses as the owner of TGI Fridays works on a deal to purchase a scaled-down version of the popular casual dining chain. Sugarloaf TGIF…
Next mulls cut-price bid for struggling fashion brand LK Bennett
Next, the FTSE-100 retail behemoth, is among a pack of suitors considering a new year swoop to buy LK Bennett, the struggling fashion retailer. Sky News has learnt that Next…
Chinese rival BYD surpasses Tesla as world’s top electric vehicle maker
Tesla has lost its crown as the world’s bestselling electric vehicle maker. The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff…