BSB.F - Sky Limited

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  • Trade pact with Japan ruled out by Brexit deadline
    Sky News

    Trade pact with Japan ruled out by Brexit deadline

    The government has admitted it has run out of time to roll over existing trade pacts with Japan and Turkey in the event of a no-deal Brexit. A document released on Thursday by the Department for Trade showed it was seeking to continue deals with 40 trading partners currently covered by EU membership, accounting for 11% of all UK trade. The International Trade Secretary Liam Fox had earlier expressed confidence in completing the work ahead of 29 March - when the UK is due to leave the EU.

  • Reuters - UK Focus

    Flybe shares soar after possible alternative financing deal

    Shares (Berlin: DI6.BE - news) in Flybe Group Plc (LSE: FLYB.L - news) sky-rocketed after it said it had received an alternative financing proposal from a new consortium, challenging a Richard Branson-backed group that agreed to buy out the struggling British regional airliner. Flybe said the new preliminary financing proposal was from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler. Flybe said on Wednesday that the proposal was "highly conditional" and it does not believe it could be workable in the time-frame required to enable Flybe to continue to trade.

  • Put a penny tax on new clothes to cut waste and improve recycling, say MPs
    Sky News

    Put a penny tax on new clothes to cut waste and improve recycling, say MPs

    Retailers should pay a penny per garment to fund better recycling and try to end the era of throwaway fashion, according to an influential group of MPs. Every year £140m worth of clothes are sent to landfill in the UK. A report by the Environmental Audit Committee (ECA) into clothing waste and sustainability suggested consumption of new clothing in the UK is higher than any other European country.

  • From waste to resource: Is this the future for plastic?
    Sky News

    From waste to resource: Is this the future for plastic?

    Inspired by the Sky Ocean Rescue campaign, a region of the UK has created the country's first local circular economy. The traditional system of getting rid of waste is linear: packaging is made, used and disposed. The company behind the scheme, Charpak Ltd, has been working on the project for the past 18 months.

  • Reuters - UK Focus

    NBA, U.S. Tennis, Sky, urge U.S. action on alleged Saudi TV piracy

    A group of sports bodies and broadcasters including the U.S. National Basketball Association, U.S. Tennis Association and Sky (Frankfurt: 893517 - news) has called for the United States to add Saudi Arabia to its "priority watch list" over alleged TV piracy, filings show. The filings, made this week with the office of the United States Trade Representative, come as a growing number of global sports and television bodies look to shut down beoutQ, a TV station they claim is based in Saudi Arabia and broadcasting sports and entertainment they hold exclusive rights for. BeoutQ emerged in 2017 after Saudi Arabia and its Gulf allies launched a diplomatic and trade boycott of Qatar, which it accused of supporting terrorism, which Doha denies, saying the boycott seeks to curtail its sovereignty.

  • RBS warns of Brexit damage as profits more than double
    Sky News

    RBS warns of Brexit damage as profits more than double

    Royal Bank of Scotland (LSE: RBS.L - news) (RBS) says the Treasury will net almost £1bn in dividends after its annual profits more than doubled but warned Brexit risks hurting its financial recovery. While it did not raise its provision for Brexit-related costs above the £100m already announced last year, the bank's chief executive told Sky News it was starting to see a fall in demand for credit. RBS said its underlying performance allowed it to pay a special dividend on top of the ordinary award which, when measured against the Treasury's stake, meant £977m would return to the public purse.

  • Reuters - UK Focus

    No deal Brexit chances are rising, says CBI business lobby

    The chances of Britain leaving the European Union next month without a deal have increased and the country has now entered "the emergency zone", the head of business lobby group the Confederation ...

  • HMV rescued from administration - but 27 stores are going to close
    Sky News

    HMV rescued from administration - but 27 stores are going to close

    HMV has been bought out of administration by Canada's Sunrise Records but the deal will see 27 stores close including its flagship Oxford Street site. Sunrise (Shenzhen: 002256.SZ - news) will keep on 100 stores, saving 1,487 jobs - but the closures will spell redundancy for 455 people while a further 122 are being kept on by administrators to help wind down warehouse operations. HMV collapsed into administration in December for the second time in six years, after weak Christmas trading and a collapse in demand for CDs and DVDs amid the rise in streaming.

  • Reuters - UK Focus

    Nissan to cancel plans to make X-Trail SUV in UK - Sky News

    Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday (Shenzhen: 002291.SZ - news) . Nissan first said four months after Britain voted in June 2016 to leave the EU that it would manufacture a new model of the SUV in Britain, which was seen as a major vote of confidence in the country's manufacturing future. The main production plant for the current X-Trail is in Japan, while Nissan's plant in Sunderland, northeast England, makes the smaller Qashqai SUV and other models.

  • Reuters - UK Focus

    Nissan to cancel UK X-Trail manufacture plans - Sky News

    Japanese carmaker Nissan will announce on Monday that it is cancelling plans announced in 2016 to manufacture a new model of its X-Trail compact SUV in Britain, broadcaster Sky News said on Saturday. "Precise ...

  • Patisserie Valerie auditor sees accountancy fraud gap
    Sky News

    Patisserie Valerie auditor sees accountancy fraud gap

    The head of the accountancy firm facing a regulatory investigation over the quality of its work amid the collapse of Patisserie Valerie has told MPs (BSE: MPSLTD.BO - news) company audits are not structured to look for fraud. David Dunckley, the chief executive of Grant Thornton, was giving evidence to a parliamentary inquiry on the future of the audit market, set up in the wake of the demise of BHS and Carillion (Frankfurt: 924047 - news) . Patisserie Valerie's parent firm collapsed last week, forcing dozens of stores to close and hundreds of jobs to be lost.

  • Reuters - UK Focus

    Video advertising duo Taptica and RhythmOne plan 260 mln pound merger

    Video advertising company Taptica International is in talks over a takeover of rival RhythmOne in a potential 260 million pound all-share deal that could be announced as early as this week, Sky News reported ...

  • Reuters - UK Focus

    UK's Hammond to deliver Spring fiscal statement on March 11 -Sky

    British finance minister Philip Hammond will deliver his Spring fiscal statement on March 11, Sky News reported on Monday. The date could be brought forward to Febuary to free up time for parliament to ...

  • Reuters - UK Focus

    BT's Openreach to hire 3,000 trainees for fibre roll-out

    BT's networks unit Openreach is recruiting another 3,000 apprentice engineers to support the roll-out of ultra-fast fibre-to-the-home broadband to 3 million homes and businesses by the end of 2020. Openreach, which is wholly owned by BT, manages Britain's largest broadband network, with infrastructure used by broadband providers such as Sky (Frankfurt: 893517 - news) , TalkTalk and Vodafone as well as BT. Openreach also announced on Monday the 11 new cities and towns where it would build fibre networks this year, including Bury, Greater Glasgow region, and Salford, bringing the total number of locations to 25.

  • Philip Hammond: 'Ticking clock' will 'focus minds' on Brexit
    Sky News

    Philip Hammond: 'Ticking clock' will 'focus minds' on Brexit

    The chancellor has rejected suggestions Brexit should be delayed - saying the "ticking clock" will "focus minds" and ensure Theresa May gets a deal passed in time. Speaking to Sky News at the World Economic Forum in Davos, Philip Hammond dismissed calls from some MPs (BSE: MPSLTD.BO - news) for Article 50 - the legal mechanism a country triggers to leave the EU - to be extended. Mr Hammond told Sky (Frankfurt: 893517 - news) 's economics editor Ed Conway: "The problem with that suggestion is that it is pretty clear, if you look at the situation, the only thing that is pushing people at all towards pragmatic compromise is the ticking clock and the deadline.

  • Reuters - UK Focus

    Global FDI skids 19 pct on Trump tax reform, may rebound in 2019 - U.N.

    Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump's tax reforms, the United Nations trade and development agency UNCTAD said on Monday. FDI, comprising cross-border mergers and acquisitions (M&A), intra-company loans and investment in start-up projects abroad, is a bellwether of globalisation and a potential sign of growth of corporate supply chains and future trade ties. The lowest net global FDI since 2009 was the result of U.S. firms repatriating $300 billion or more in accumulated earnings to take advantage of Trump's tax break.

  • Reuters - UK Focus

    Sports Direct's Ashley in talks for music retailer HMV -Sky

    Sports Direct boss Mike Ashley is in talks to rescue music retailer HMV from administration, Sky News reported on Sunday, saying he had held talks with music and industry suppliers to the business. HMV ...

  • Reuters - UK Focus

    UK is likely to delay Brexit and a referendum is possible, Farage says

    The United Kingdom is likely to delay Brexit and another referendum is possible so opponents of European Union membership need to organise, prominent Brexit campaigner Nigel Farage said on Friday. "I think, I fear that the House of Commons is going to effectively overturn that Brexit. To me, the most likely outcome of all of this is an extension of Article 50," Farage told Sky (Frankfurt: 893517 - news) .

  • Marks & Spencer drops plastic wrapping in loose fruit and veg trial
    Sky News

    Marks & Spencer drops plastic wrapping in loose fruit and veg trial

    Marks & Spencer (Frankfurt: 534418 - news) is trialling plastic-free produce at one of its stores as it tries to reduce its reliance on packaging. The retailer says 90 lines of loose fruit and vegetables are being sold over two aisles at its Tolworth store in southwest London. Hard fruit and vegetables like potatoes and bananas will be for sale along with more perishable items such as soft fruits and berries, which will be sold in compostable punnets.

  • Growing anger, frustration and impatience from businesses over Brexit
    Sky News

    Growing anger, frustration and impatience from businesses over Brexit

    Business leaders have expressed their "frustration" over the political turmoil and lack of a Brexit deal after Prime Minister Theresa May's defeat in the Commons. Sky (Frankfurt: 893517 - news) 's City editor Mark Kleinman reported executives from some of the biggest companies rounded on cabinet ministers after they refused to rule out a no-deal Brexit.

  • Reuters - UK Focus

    UK's May to make statement on Brexit deal assurances at 1530 GMT-Sky

    British Prime Minister Theresa May will make a statement to parliament at 1530 GMT before lawmakers continue their debate on her Brexit deal, Sky News reported on Monday. Parliament is due to vote on Tuesday ...

  • Reuters - UK Focus

    Stobart's former CEO buys 10 pct stake in Flybe - Sky News

    Andrew Tinkler, the former chief executive officer of Stobart Group Ltd, has acquired a stake of about 10 percent in British regional carrier Flybe Group Ltd, Sky (Frankfurt: 893517 - news) news reported on Friday. Tinkler bought the stake in Flybe during Friday's trading session, and the purchase is expected to be disclosed to the London Stock Exchange (Other OTC: LDNXF - news) on Monday, according to the report It was unclear how much Tinkler paid for the stake, who he had acquired it from and whether he planned to make any further purchases, the report said.

  • Reuters - UK Focus

    Virgin Atlantic nears takeover of Flybe - Sky News

    British regional airline Flybe Group Plc (LSE: FLYB.L - news) is close to being taken over by a consortium led by Richard Branson's Virgin Atlantic, Sky News reported on Thursday. An offer for Flybe worth significantly less than the company's closing share price on Thursday of 16.38 pence will be announced to the London Stock Exchange (Other OTC: LDNXF - news) on Friday, Sky (Frankfurt: 893517 - news) said, citing sources close to the deal. The consortium's offer for Flybe is likely to value its shares at around 20 million pounds ($25.49 million), the report said.

  • Reuters - UK Focus

    Honda to shut UK production for six days due to Brexit logistics -Sky

    Japanese carmaker Honda has told its British workforce it will shut down production for six days in April due to Brexit logistics and border disruption, Sky News reported on Thursday. "To ensure Honda ...

  • Reuters - UK Focus

    UK ex-defence chiefs warn May's Brexit deal threatens national security

    Two former British defence chiefs have said that Prime Minister Theresa May's Brexit withdrawal agreement will threaten national security if it is passed by lawmakers next week, Sky News reported on Thursday. ...

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