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The new chief executive of J Sainsbury is plotting a sale of its banking arm as ultra-low interest rates diminish the prospects of making a meaningful return from the business. Sky News has learnt that Sainsbury’s has begun sounding out potential buyers of the unit, which boasts more than 2m customers across a range of […]

The petrol stations giant founded by two of Britain’s most successful sibling-entrepreneurs is about to take a big step towards addressing doubts about its corporate governance by naming a slate of independent board members. Sky News has learnt that John Carey, a former BP executive, is in advanced talks to join EG Group as a […]

One of Britain’s biggest direct wine-sellers is being put up for sale after seeing a surge in sales to locked-down British consumers. Sky News has learnt that Virgin Wines has drafted in advisers from the corporate finance house Lincoln International to help it explore strategic options for the business. Sources said on Friday that the […]

The government and London’s transport bosses are locked in talks about a six-month funding deal hours before the capital’s bus and Tube networks face the renewed threat of financial collapse. Sky News understands that the Department for Transport (DfT) and Transport for London (TfL) – which is chaired by the London mayor, Sadiq Khan – […]

Britain’s vast fund management sector is holding its breath for the outcome of a key vote on Friday amid fears that thousands of industry jobs could be forcibly relocated to the EU after the end of the Brexit transition period. Sky News has learnt that the Investment Association (IA) has decided to abstain on a […]

Property prices are growing at their fastest rate since 2015, with the average price of a house reaching £227,826 in October. House prices were up 5.8% in October compared to the same time last year, marking the fastest year-on-year growth rate since January 2015, Nationwide Building Society said. Prices increased by 0.8% month-on-month. Image: Property […]