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Sky News
Shell to be hit by nearly £2bn in UK and EU windfall taxes
Windfall tax payments are to hit Shell by around $2bn (£1.7bn), the oil and gas company has estimated.The cost of the UK’s energy profits levy and the EU’s recently announced solidarity contribution will reach $2bn (£1.7bn) in tax liabilities in the final three months of its financial year, the firm said in a fourth quarter …
Business
Sky News
House prices fall for fourth month in row
House prices have dropped for the fourth month in a row as cost of living pressures and higher borrowing costs dampen demand. The average house price fell to £281,272 in December, according to data from Halifax. It was a 1.5% decrease from November prices, which had already fallen more than 2%, representing the fastest decrease …
Business
Sky News
Rail passengers face fourth day of disruption due to strikes – with deadlock still unbroken
Rail passengers are facing a fourth day of travel disruption as thousands of workers continue to strike over jobs, pay and conditions. Members of the Rail, Maritime and Transport (RMT) union at Network Rail and 14 other train operators will walk out on Friday in action that is set to last 48 hours. Only around …
Business
Evening Standard
2022 ‘second greenest year on record’ for Britain’s electricity grid
The electricity produced in Britain was close to the greenest it has ever been last year, second only to the pandemic, when demand was lower than usual.New data from the grid operator showed that in 2022 Britain had the greenest day and month on record, and wind power hit new highs.For every unit of electricity …
Business
Evening Standard
December shopper footfall reaches highest level since start of pandemic
Shopper footfall reached its highest level since the start of the pandemic in December to cap off an otherwise “exceptionally difficult” year for retailers and consumers.Total UK footfall was down 7.3% in December on 2019 pre-pandemic levels, six percentage points better than November and better than the three-month average decline of 10.2%, according to British Retail …
Business
Sky News
A glitch and new red tape leave UK exporters facing EU border disruption
Hauliers exporting goods to the European Union have faced fresh disruption since the turn of the year as a glitch in the UK’s digital customs system and new demands from French authorities threaten delays.Drivers heading to ports in the first few days of January found they were unable to enter details of shipments in the …
Business
Sky News
New strike laws to ‘ensure basic level of service’ in public sector confirmed by government
The government is bringing forward new strike laws to “maintain a basic function and deliver minimum safety levels” in the public sector during industrial action, the business department has confirmed.In a statement, it said the government would “always protect the ability to strike”, but added: “It must be balanced with the public’s right to life …
Business
Sky News
Encouraging high street numbers should be kept in perspective
A couple of swallows do not make a summer.That is the very heavy caveat which must be applied when asking whether, because Next and B&M fared better than expected over Christmas, the retail sector as a whole has done. A further caveat to be applied is that Lord Wolfson, the chief executive of Next, is …
Business
Sky News
Christmas shoppers shrugged off rail strikes but business hurt by Royal Mail disruption
UK high streets do not appear to have suffered a major hit from rail strikes in the run-up to Christmas but business has been hurt by industrial action at Royal Mail, according to separate reports.Figures from retail consultants Springboard showed a 12.7% leap in visits to high streets during December compared to the same month …
Business
Sky News
SafetyNet Credit parent close to collapse after FCA crackdown
A provider of high-cost credit to hundreds of thousands of Britons is on the brink of collapse following a crackdown on the industry by the City regulator.Sky News has learnt that Indigo Michael, the parent company of loan providers SafetyNet Credit and Tappily, filed a notice of intention to appoint administrators shortly before Christmas. The …
Business
Business Live
Property investment firm Robert Hitchins acquires Bristol office building
A Gloucestershire property investment and development business has acquired an office building in Bristol city centre for an undisclosed sum. Robert Hitchins Investment Properties, which is headquartered in Boddington, has added 31-32 Queen Square to its growing portfolio in the city. The five-storey property, extending to a total 13,124 sq ft, is fully let to …
Business
Business Live
Landmark Bristol office building secures two new lettings deals
Two companies have agreed lettings deals at one of Bristol’s landmark office buildings. Fathom, which provides mapping software for flooding and climate risk assessment, and events management firm Brightelm have taken space at Clifton Heights near Brandon Hill. Fathom is relocating from the nearby Square Works co-working space on Berkeley Square. The University of Bristol …

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