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The Latest Breaking News from Teneo

Feeding frenzy: how army of advisers is making millions from Thames Water

Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation

The Guardian - UK

Homebase shop closures: Full list of 33 stores closing in February

It comes after 13 of the DIY chain's branches were shut last month

Evening Standard

Thames Water credit rating slashed as administrators approached

Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’

The Guardian - UK

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UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

The Guardian - UK

Trump's executive order gives TikTok a reprieve. What happens next?

President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April

The Independent UK

Trump adviser who funded supreme court takeover wants to ‘crush liberal dominance’

Leonard Leo, rightwing billionaire who helped install conservative justices, outlines second term ambitionsUS politics – live updates

The Guardian - US

Homebase’s £5m tax rebate delay revealed as 74 stores go up for sale

The stricken firm has set a deadline of the end of next week for potential buyers to snap up its remaining shops in the UK and Ireland

Evening Standard

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Homebase bought out of administration securing up to 1,600 jobs

The deal to buy 70 stores came after Homebase appointed administrators on Wednesday but left 2,000 workers and 49 stores still at risk.

Evening Standard

Homebase collapses into administration with thousands of jobs at risk

Future of 2,000 staff remains unclear despite the bulk of stores being bought by the homeware retailer The Range

The Guardian - UK

Homebase ‘set for administration’ with thousands of jobs at risk across UK

HOMEBASE could be heading for a partial collapse, putting thousands of jobs at risk, amid reports that the chain has appointed insolvency experts…

The National (Scotland)

Homebase ‘set for administration’ with thousands of jobs at risk

The DIY retailer has struggled as customers cut back on spending amid the cost-of-living crisis.

Evening Standard

Bulgarians vote with little hope of breaking a political deadlock

Bulgarians are voting in the seventh general elections in just over three years, with little hope that a stable government will be formed to stop the country’s growing political instability

The Independent UK

TGI Fridays secures rescue deal but more than 1,000 UK jobs lost

Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will close

The Guardian - UK

TGI Fridays ‘close to rescue deal’ that could save more than 2,000 UK jobs

Administrators reportedly in talks with Calveton and Breal Capital, which could buy up to 55 of 87 restaurants

The Guardian - UK

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news in one place.

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Salon

Behind Vance's conversion to Catholicism

Bradley Onishi explores Vance's conversion to Catholicism and the belief that big government could be good

The Independent UK

Ouster of Bangladesh's prime minister will test India's regional power, with Beijing’s on the rise

The dramatic resignation of Bangladeshi Prime Minister Sheikh Hasina poses a dilemma for India’s government, and the South Asian powerhouse could even see its influence in the region wane, according to experts

Salon

Leaked video: Vance thinks Devil is real

Vance gave a speech to the Leonard Leo-backed Teneo Network, which he joined shortly before running for Senate

The Guardian - UK

‘Deeply concerning’: Vampire’s Wife closure shows battle faced by independent British fashion brands

Collapse of Matchesfashion platform is major factor in implosion across the supply chain, say industry insiders

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The Guardian - UK

Online car dealer Cazoo collapses into administration putting 200 jobs at risk

UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assets

The Independent UK

Zoopla founder’s used car sales app Cazoo calls in administrators

The company has appointed administrators from Teneo, who will seek to sell off Cazoo’s remaining marketplace business

The National (Scotland)

Hundreds of jobs at risk as online car retailer enters administration

An online car retailer has entered administration with over 200 jobs at risk ...

The Guardian - UK

Everton staring at administration threat with 777 takeover increasingly unlikely

Increasing doubts of takeover deal being completed paint bleak picture and could leave Everton unable to meet their financial obligations

The Guardian - UK

Everton call in insolvency advisers amid fresh doubt over 777 takeover

Everton have called in a firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover by 777 Partners

Evening Standard

How the collapse of Matches has sent the fashion world into frenzied chaos

London’s glittering fashion ecosystem has been left reeling after the recent demise of the once-prized luxury retailer, affecting everyone from factories to buyers and stylists. Victoria Moss talks to insiders caught in the crossfire

The Guardian - UK

Designer brands owed millions after Matchesfashion collapse

Some customers of the online fashion site, which owed more than £210m when it collapsed in March, are also unable to get refunds

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