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Used-car ‘unicorns’ Cinch and Cazoo in £10bn race to reshape industry

Used-car ‘unicorns’ Cinch and Cazoo in £10bn race to reshape industry

Business
Britain's two fastest-growing online used-car marketplaces are racing to raise staggering sums of capital as they seek to reshape an industry boasting €400bn (£343bn) in annual sales across Europe.Sky News can reveal that Cinch, which is part of the private equity-backed Constellation Automotive Group, is in talks with a syndicate of global blue-chip institutions to raise approximately £500m of new funding. The discussions, which are said to be at an advanced stage, could value Cinch on a standalone basis at more than £5bn, according to analysts and bankers.That would be a stellar result for a business which launched just five months ago, but which has shown what insiders describe as "exponential growth" to turn it into a leader in the market.Constellation, which was then called BCA Market...
Drag Race UK: Sister Sister reveals ‘graphic’ death threats

Drag Race UK: Sister Sister reveals ‘graphic’ death threats

Entertainment
BBC ThreeDrag Race UK contestant Sister Sister has spoken out against the online abuse she has received since appearing on the BBC Three show. In an essay for The Guardian, the Liverpool-based entertainer said this included "graphic" death threats."The toxic fandom have made themselves clear and my mental health has reached rock bottom," she wrote.Last week she became the seventh contestant to be eliminated from the UK version of the hit reality series.Her departure came two weeks after an explosive argument with fellow drag queen A'Whora that sparked a wave on controversy on social media.But the 32-year-old urged fans of the show to keep their comments in perspective. "You don't know the person behind the make-up, only what you are being sold," she said. "So, given the option of a fleetin...

Transfer news LIVE: Arsenal signing Odegaard on loan, Celtic eye Crystal Palace ace, West Ham prep £16m King bid, Manchester United lead Veron race

Sports
[unable to retrieve full-text content]talkSPORT.com rounds up all the latest football news and biggest transfer gossip with the January window in full swing. HEADLINES Premier League done deals: Every completed transfer in the 2021 January window Leicester in Christian Eriksen enquiry but Foxes not willing to meet Inter Milan outcast’s £300,000-a-week wages Arsenal to sign Martin Odegaard from Real […] talkSPORT
Covid-19: North-east England leads race to vaccinate over-80s

Covid-19: North-east England leads race to vaccinate over-80s

Health
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PM woos British ‘unicorns’ in race for London listings

PM woos British ‘unicorns’ in race for London listings

Business
The bosses of some of Britain's best-known technology companies have been courted by Boris Johnson as they contemplate public flotations that would make them collectively worth tens of billions of pounds.Sky News has learnt that the prime minister held talks on Friday afternoon with executives from businesses including Deliveroo and Revolut, the digital banking and payments group, as part of a charm offensive aimed at persuading them to list their shares on the London Stock Exchange. Sources said the meeting was also attended by Darktrace, the cybersecurity company, and Trustpilot, the online reviews platform - both of which have hired investment banks to organise initial public offerings next year.Oxford Nanopore, the biotech group, and Transferwise, the fast-growing fintech, are understo...