Premiership Rugby-backer CVC taps Ares in sports debt plan

Premiership Rugby-backer CVC taps Ares in sports debt plan

The owner of stakes in Six Nations and Premiership Rugby and the top flights of French and Spanish football is in talks with a pack of financial giants about a refinancing of its £9bn sports assets portfolio.
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Royal Mail fined millions for failing to meet delivery targets again

Royal Mail has been fined £21m for failing to meet delivery targets for the third year in a row and warned fines are likely to continue unless there's an improvement.

Price cap should be placed on vet prescriptions, watchdog says

Pet owners could be paying twice as much for commonly prescribed medicines from vet practices than they could pay online, a watchdog has found.

Deadline day for firm linked to Tory peer to pay back millions over COVID contract scandal

Today is the High Court's deadline for a firm linked to Baroness Michelle Mone to repay £122m for supplying defective PPE at the height of the pandemic, with no indication the Department of Health and Social Care (DHSC) will be paid in full.

Chancellor hints at tax rises ahead of budget

Rachel Reeves has told Sky News she is looking at both tax rises and spending cuts in the budget, in her first interview since being briefed on the scale of the fiscal black hole she faces.

Vodafone reveals cause of massive outage

Vodafone has said a massive blackout in its internet coverage yesterday was not caused by a cyber attack.

Banks step up lobbying over threat of Reeves tax hikes

The total tax rate levied on British banks has risen again this year, according to a report by an industry trade body that will underpin warnings about threats to the City's international competitiveness ahead of next month's budget.


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