The Task Force

Virgin Orbit has begun drawing up detailed contingency plans for its insolvency days after halting its operations and furloughing its workforce. Sky News has learnt… Read More »Virgin Orbit plans for insolvency amid rescue talks with investors

The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted… Read More »Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

A financial services giant backed by an Abu Dhabi sovereign fund is in advanced talks about a takeover of MJ Hudson Group, the struggling London-listed… Read More »Abu Dhabi-backed Apex in talks about bid for stricken MJ Hudson

Remember how Jeremy Hunt cast himself as the sensible, boring antidote to Kwasi Kwarteng? The sales pitch was that following the chaos of the mini-budget… Read More »Budget by self-styled boring chancellor is actually an economic gamble | Ed Conway

Wednesday 15 March 2023 18:03, UK

Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of the… Read More »How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months

Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did not have enough economic vision.… Read More »Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of budget

Oil company Saudi Aramco has reported earning $161bn (£134bn) last year – the highest-ever recorded annual profit by a publicly listed company. Coming at a… Read More »Record $161bn profit by oil giant Saudi Aramco branded ‘shocking’ by activists

A new clearing bank which launched just two years ago is among the suitors this weekend weighing bids to salvage the British arm of Silicon… Read More »Bank of London weighs rescue bid for UK arm of Silicon Valley Bank