Business

Britain’s biggest high street bank is finalising plans to buy a stake in Bink, a fintech business which allows customers to ditch their plastic loyalty cards. Sky News understands that Lloyds Banking Group is close to investing millions of pounds in return for a minority stake in Bink, which was set up in 2015. Bink
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Guy Hands, the billionaire financier, is plotting the sale of the Ministry of Defence’s (MoD) biggest landlord in what could be one of Britain’s biggest private equity deals of 2022. Sky News has learnt that Mr Hands’ Terra Firma Capital Partners has begun talks with investment banks about overseeing an auction of Annington Homes. City
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The university spin-out venture chaired by Lord O’Neill, the former Treasury minister and Goldman Sachs economist, has secured backing from a syndicate of City investment giants. Sky News has learnt that funds managed by M&G Investments, Lansdowne Partners and Columbia Threadneedle are to invest in Northern Gritstone, a collaboration between the universities of Leeds, Manchester
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New economic support for the hospitality sector “borders on insulting” and amounts to “far too little”, the Treasury has been told. Chancellor Rishi Sunak has announced an additional £1bn in financial support for the hospitality and leisure sectors, with every business able to claim a cash grant of £6,000 to help them survive the winter.
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Additional funding to tackle the coronavirus pandemic in Scotland, Wales, and Northern Ireland has been doubled – after the health secretary refused to rule out a two-week circuit-breaker lockdown. The devolved administrations can now spend an additional £860m, the Treasury said, after extra measures and guidance to tackle Omicron were announced by the first ministers
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