Articles

New bid to reclaim £14bn for Mastercard users

A fresh bid to secure compensation for up to 46 million Mastercard customers is being revived. A former financial ombudsman was seeking more than £14bn in a class action lawsuit against Mastercard claiming that its interchange fees – charges imposed on debit and credit card transactions – were anti-competitive. …

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Four arrested over Game Of Thrones leak

Four people have been arrested in India for leaking an episode of Game Of Thrones before it aired in the country. Authorities received a complaint and police have “arrested four individuals for unauthorised publication of the fourth episode from season seven”. All four unidentified suspects are or were at …

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Standard Life Aberdeen £11bn merger complete

The £11bn merger of Standard Life and Aberdeen Asset Management has been formally completed, establishing Europe’s second-biggest fund manager. The tie-up between the two Scottish-based investment groups, which was agreed in March, creates a global powerhouse overseeing £670bn of assets. Overall, Standard Life Aberdeen will have offices in 50 …

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Start-ups giant Rocket Internet sells Glossybox

Rocket Internet and Kinnevik Online, two of Europe’s leading backers of internet start-ups, will this week announce the sale of Glossybox, a beauty products subscription service. Sky News has learnt that The Hut Group, the British-based health and beauty retailer, has agreed to buy Glossybox from Rocket and Kinnevik. …

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Hammond and Fox unite over Brexit transition

Britain will leave the single market and customs union in March 2019, Philip Hammond and Liam Fox have jointly declared. In an attempt to provide a unified front after a summer of open conflict, the Chancellor and International Trade Secretary have said there will be a transitional “time-limited” period …

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Hut Group worth £2.5bn after Old Mutual backing

One of Britain’s fastest-growing technology start-ups has secured a new round of funding valuing it at £2.5bn – cementing its status among the country’s biggest privately owned companies. Sky News has learnt that The Hut Group, a health and beauty retailer behind brands‎ such as Grow Gorgeous and Myprotein, …

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Matchesfashion founders try on £600m suitors

Matchesfashion.com, the British online luxury retailer, is in talks with a clutch of investment funds about a takeover that would catapult its founders into the ranks of Britain’s super-rich. Sky News has learnt that Apax Partners, KKR and Permira are among the buyout firms which are expected to table …

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Housebuilder Cala revives £700m sale plan

The premium housebuilder Cala Group has revived secret talks about a £700m sale – months after a takeover by a Chinese property giant collapsed. Sky News has learnt that Cala’s shareholders have asked Lazard, the investment bank, to begin sounding out prospective bidders in the last fortnight. A full …

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Trolls force Google to cancel gender memo meeting

Google has cancelled a company-wide “town hall” meeting due to fears of employee harassment. The meeting was planned to allow Google staff to discuss an internal memo regarding gender roles at the company. James Damore, an engineer at Google, was fired on Monday after his 3,000-word essay, which argued …

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