Business

The FTSE-100 gambling group behind Paddy Power and Betfair is exploring a sale of Oddschecker, the odds comparison platform, following the withdrawal of one of its biggest rivals. Sky News has learnt that Flutter Entertainment is working with investment bankers on a potential disposal of Oddschecker, which has had several owners since it was set
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Supermarket chain Asda has said that it will restructure its bakeries, putting at risk more than 1,200 jobs across the UK. The decision comes as customers change their buying habits for baked goods, Asda said in a statement. Britain’s third-biggest supermarket is considering sending pre-baked goods out to its supermarkets from a central location rather
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The chief executive of THG, the online beauty retailer, is to hand a £100m stake in the company to a new charitable foundation – establishing him as one of Britain’s biggest individual philanthropists. Sky News has learnt that Matthew Moulding will announce the pledge alongside THG’s full-year results and first-quarter trading update on Thursday, according
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Britain’s biggest aerospace employers, including Rolls-Royce Holdings and Airbus, have urged the business secretary to step into the crisis engulfing the steel tycoon Sanjeev Gupta amid fears of a global shortage of specialist materials. Sky News has learnt that the industry association ADS has written to Kwasi Kwarteng, the business secretary, to highlight its members’
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