Playtech to name former DAZN exec Gleasure as next chairman

Playtech to name former DAZN exec Gleasure as next chairman

A former executive at DAZN, the sports streaming platform, is to be appointed this week as the next chairman of Playtech, the London-listed gambling technology group.Sky News has learnt that Playtech will announce on Wednesday that John Gleasure, who was also a co-founder of the digital sports media group Perform, is to succeed Brian Mattingley in the role.In accepting the Playtech chairmanship, Mr Gleasure will inherit a position which has repeatedly been at the centre of fractious corporate governance challenges.Mr […]

15/04/2025 1

Inflation continues to fall but expect a rebound next month

Inflation fell more than expected and for the second month in a row, official figures show. The consumer price index (CPI) measure of inflation fell to 2.6% in March, down from 2.8% in February and 3% in January, according to Office for National Statistics (ONS) data.It means prices are rising at the slowest pace since December and closest to the Bank of England's 2% target. The rate is also lower than expected by economists polled by Reuters, who anticipated inflation of […]

15/04/2025

Financier Truell prints new offer in battle for banknote firm De La Rue

The City financier Edi Truell has tabled a fresh proposal to buy De La Rue, the Bank of England's currency printer, fuelling hopes of a broader bidding war for the 211-year-old company.Sky News has learnt that Mr Truell's vehicle, Pension SuperFund Capital, wrote to the board of De La Rue on Monday night to indicate its willingness to offer 132.17p-a-share for De La Rue.If formally confirmed, that would trump a recommended 130p-a-share offer from private equity firm Atlas Holdings disclosed […]

15/04/2025 2

Race against time to keep Scunthorpe steel furnaces alive as raw materials to be delivered today

The raw materials needed to keep the blast furnaces running at British Steel's Scunthorpe plant will be delivered to the site today, the government has confirmed.Ministers have been racing against time to secure the coking coal and iron ore needed to keep the furnaces at the UK's last virgin steel-producing plant operating.If they cool down too much, the molten iron solidifies and blocks the furnaces, making it extremely difficult and expensive to restart them.Jonathan Reynolds, the business secretary, will visit […]

14/04/2025

Wage growth slows in boost to hope for interest rate cut

The pace of wage rises has slowed and came in lower than expected, official figures show. Both average weekly earnings and wages excluding bonuses came in lower than expected, a boost to interest rate setters at the Bank of England, potentially opening the door for steeper borrowing cost deductions.There was no change at all in the pace of average weekly earnings, which continued to rise 5.6%, according to data from the Office for National Statistics (ONS) for the three months […]

14/04/2025

Virtual coaching platform has right Mindset for multimillion-pound fundraising

An AI start-up which helps businesses turn their expertise into an interactive digital coach is raising millions of pounds to help it expand into the US.

14/04/2025

Raw materials needed for British Steel plant ‘paid for’ amid race against time to avert shutdown

The raw materials needed to keep British Steel's Scunthorpe plant operating have been paid for, Deputy Prime Minister Angela Rayner has said - but she would not be drawn on when they would arrive.Officials have been racing to obtain enough iron and coal to keep the furnaces at the UK's last virgin steel-producing plant going - because if they cool down too much, the molten iron solidifies and blocks the furnaces.It comes after ministers rushed through an emergency bill on […]

13/04/2025 1

Hundred investors force ECB onto sticky wicket over revised £975m deal

A £975m deal to transform the finances of English cricket risks facing further demands for revision over proposals including one allowing the sport's governing body to cancel The Hundred tournament in seven years time.

13/04/2025

A sticking plaster, not a solution: What next for British Steel?

Sir Keir Starmer was flying the flag for domestic steel production on Saturday as his government passed emergency legislation to give itself extraordinary powers to intervene in the running of the steel works in Scunthorpe and elsewhere.

12/04/2025

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