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Mortgages withdrawn from sale as market reels after mini-budget

The market turmoil caused by Friday’s seismic mini-budget has hit mortgage offerings as providers withdrew partial and entire lending ranges. Virgin Money and Skipton Building Society have temporarily withdrawn their…

Boots executive Gourlay in talks to join Holland & Barrett owner LetterOne

A former executive at the owner of Boots is in discussions about joining the board of the Russia-linked vehicle which owns Holland & Barrett. Sky News has learnt that Alex…

‘Doom loop’ as pound is pounded: Five reasons why the currency slump matters to you

The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in 1971, matters because of what it says about global market…

Drivers paying extra £5 per tank of petrol due to falling value of the pound

Drivers are paying an extra £5 per tank of petrol due to the fall in the value of the pound, according to new analysis. Pump price savings from the cost…

Car dealer Pendragon gears up for £400m bid from top investor

Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from its largest shareholder. Sky News has learnt that Hedin Group,…

GSK poaches Burberry’s Brown to create all-female top team

GSK, the FTSE-100 pharmaceuticals giant, has poached Burberry Group’s finance chief to create a rare all-female executive leadership team in London’s blue-chip share index. Sky News has learnt that GSK…

Hoseasons owner Awaze picks banks to oversee £2bn sale

The owner of Hoseasons and some of Europe’s biggest holiday rental operations has hired banks to oversee a sale that could value it at up to £2bn. Sky News has…

Pound pummelled as investors take fright over mini-budget borrowing spree

The growth plan outlined by the chancellor to lift the UK from the depths of the cost of living crisis and back to prosperity has been met with horror on…

Raft of tax cuts ‘for a new era’ include stamp duty cut for homebuyers

Income tax will be cut by one penny Chancellor Kwasi Kwarteng has announced, as part of a raft of measures aimed at boosting economic growth. The reduction in the basic…

Top Morrisons executive feels Strain with exit after 10 years

A top executive at Morrisons is in talks to leave, days after it emerged that the Bradford-based grocer had been displaced as Britain’s fourth-biggest supermarket chain. Sky News has learnt…

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