News (Sky News Business)
Bidding war for Sky to be settled by rare auction The takeover battle for Sky plc, the owner of Sky News, will be decided in a three-round auction to conclude on Saturday evening, it was announced today. Aston Martin sets £5.07bn float valuation Luxury carmaker Aston Martin is looking to raise up to £1.3bn when it floats on the London Stock Exchange next month, seeking a market valuation of up to £5.07bn. Rothesay leads race for £900m UKAR loans One of Britain's biggest specialist life insurers has emerged as the frontrunner to buy a £900m mortgage portfolio from a Government agency, a decade after the state-backed bailout of Britain's banking sector. Barclays blames 'technical hitch' for banking woes Barclays' customers have complained about late payments and problems accessing accounts after it blamed a "technical hitch" for internet and telephone banking outages. Wheel turns as Evans Cycles seeks rescue deal Evans Cycles, the century-old retailer, is trying to find a buyer within days as a toxic high street trading environment threatens to claim another prominent victim.
August retail sales rose 0.3% despite food and clothes drop Retail sales were up 0.3% overall in August despite a slowdown in food and clothing, after a strong showing for both sectors in the previous month. Equifax fined £500k over data breach A credit reference agency that failed to protect the details of 15 million people in the UK during a cyber attack has been fined £500,000. McDonald's, Wetherspoons and TGI Fridays workers plan strike Workers from three popular hospitality chains are set to take part in a coordinated UK strike next month to highlight low pay and poor working conditions across the industry. Guinness owner warns of £45m hit to profits Drinks giant Diageo has warned that its annual operating profits are expected to fall short by £45m due to currency fluctuations in some markets. Railways 'bursting at the seams', Grayling admits The transport secretary has admitted that Britain's railways are "bursting at the seams" but said renationalisation is not the answer.