The boss of NatWest Group’s high street branch network is to step down early next year as the company prepares for a return to full private sector ownership. Sky News has learnt that David Lindberg, who joined NatWest just over four years ago, will leave in the first quarter of 2025. He is said to

The sale of Royal Mail to Czech billionaire Daniel Kretinsky is to be approved by the government after details of an agreement have been published. Mr Kretinsky 's company EP Group will buy the postal service's parent company International Distribution Services (IDS). The £5.3bn deal had been agreed in May but was subject to a

This is a crucial week for the water industry. Regulator Ofwat will on Thursday give its "final determination" on how much bills will rise over the next five years. Before then, Britain's largest company Thames Water hopes to win court approval for a £3bn bridging loan to stop it running out of cash in the

UK-based partners at Grant Thornton, the accountancy firm, have voted to back the sale of a majority stake to Cinven, the private equity firm. Sky News has learnt that GTUK's partnership voted unanimously to support the deal, in a move expected to be announced internally as early as Monday. Support for the deal had been

NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17 years in state hands. Sky News has learnt that the chair of the bank's remuneration committee, Lena Wilson, is consulting leading institutional shareholders about an overhaul of its boardroom pay policy.

Tube and rail fares in London will go up by 4.6% from next March, the capital's mayor has said. The hike matches the rise in regulated train fares for England's mainline railway. From 2 March, Transport for London's (TfL) daily caps will increase by 40p-70p, depending on what zones are travelled through. Labour mayor Sadiq

The private equity firm circling Boots the Chemist's parent company is lining up financing from a syndicate of banks for a prospective $10bn-plus takeover deal. Sky News has learnt that Sycamore Partners is arranging debt funding for a deal to buy Walgreens Boots Alliance, with Bank of America, JP Morgan and Wells Fargo among those

A British hedge funder trader has been sentenced to 12 years in prison in Denmark over a £1bn tax fraud. Sanjay Shah , 54, was behind a trading scheme known as "cum-ex" that was found to have fraudulently secured 9bn Danish Krone (£1bn) in dividend tax refunds from the Danish treasury between 2012 and 2015.

A certified B Corporation company which repurposes electronic equipment to benefit schools and charities has landed more than £3m in funding from a London-based investor. Sky News understands that Reconome, which partners with major companies including Netflix and O2, has secured the new money from IW Capital, an investment firm specialising in growth capital deals.

Another leading technology company is being swallowed up in a transatlantic takeover that will underline the scale of the raid on some of Britain's most promising businesses. Sky News has learnt that Demica, which is one of the UK's largest providers of supply chain finance, has agreed a deal with FIS, the $46bn New York-listed