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02.09.2022 - 16:32
Business
Business Live
Welsh Government plans would take 135 years to insulate every fuel poor household in Wales” says Lib Dems
The Welsh Liberal Democrats have said they would set aside £1.75bn to insulate homes in Wales. The party has taken aim at the Welsh Government’s energy efficiency improvement scheme arguing it would take 135 years to insulate every fuel poor household in Wales. Welsh Liberal Democrat leader Jane Dodds MS said: “Unlike Labour, the Welsh …
02.09.2022 - 16:30
Business
Evening Standard
Avanti managing director steps down
The managing director of one of the rail companies embroiled in the long-running dispute over pay, jobs and conditions has stepped down, it was announced on Friday.Phil Whittingham, managing director of Avanti West Coast, will leave his role from September 15 to “pursue other executive leadership opportunities”.He transferred to Avanti West Coast, as managing director, …
02.09.2022 - 16:27
Business
Evening Standard
FTSE bounces back after bruising week, but builders suffer
After a few bruising days, global markets returned to positive territory, clawing back at least some of the losses made during the last week.A 133-point rebound saw the FTSE 100 return to where it had been on Wednesday, after a big drop on Thursday.It ended at 7,281, up 1.9%, after a strong set of jobs …
02.09.2022 - 16:04
Business
Business Live
Avanti West Coast boss to step down
The long-serving boss of Avanti West Coast is to step down later this month, it has been announced. The company said managing director Phil Whittingham has decided to step down from his role from September 15 “in order to pursue other executive leadership opportunities”. Mr Whittingham transferred to Avanti West Coast from Virgin West Coast …
02.09.2022 - 15:50
Business
Business Live
Food for thought as regional wholesaling giants in retail and catering enter expo mode
Two major food expos return this month for regional wholesale giants. Nisa’s annual expo is back for the first in-person event since 2019, having been moved online during the pandemic. More than 200 suppliers will converge on the NAEC in Stoneleigh, Warwickshire for the two-day event. Category talks, panel discussions, sampling and networking with suppliers, …
02.09.2022 - 15:38
Business
Sky News
Whitehall extends national security probe into Truphone deal
The government has extended a national security probe into the fire-sale of a leading British mobile phone technology provider whose owners include Roman Abramovich.Sky News has learnt that officials at a division of the Department for Business, Energy and Industrial Strategy (BEIS) are to take up to 45 additional working days to scrutinise the purchase …
02.09.2022 - 15:11
Business
Evening Standard
Ofgem executive given role of keeping the lights on over winter
Ofgem has appointed a new senior executive to ensure that the lights stay on this Christmas, amid fears that a gas shortage could cause problems in meeting demand.Akshay Kaul will take on the job as interim director of infrastructure and security of supply over the winter period, the regulator said.Mr Kaul was already one of …
02.09.2022 - 15:04
Business
Business Live
Scandinavian late night bar firm acquires fifth Cardiff nightclub venue
The Scandinavian bar and club operator and owner of PRYZM, Heidi’s Bier Bar and The Proud Mary Pub has acquired its fifth venue in Cardiff. REKOM has acquired Story nightclub from Excalibur on Greyfriars Road in Cardiff for an undisclosed sum. The deal will see the 1,400 capacity venue reopen this month as District, creating …
02.09.2022 - 14:51
Business
Business Live
Dates for two-week strike at Port of Liverpool confirmed after Unite workers reject pay offer
The dates for a two-week strike by hundreds of Port of Liverpool workers have been confirmed. Members of Unite will walk out from 6am on Monday, September 19, to 6am on Monday, October 3, in a dispute over pay. More than 500 port operatives from Mersey Docks and Harbour Company (MDHC) voted in August in …
02.09.2022 - 14:45
Business
Sky News
Waitrose admits blocking rivals from opening stores
Waitrose has admitted to blocking rivals from opening supermarkets in close locations for close to a decade, according to the market watchdog.During an investigation between 2010 and 2019 into supermarket practices, the Competition and Markets Authority (CMA) found that Waitrose had conspired with landlords to prevent competing companies from opening stores. The practice, which Waitrose …
02.09.2022 - 12:45
Business
Sky News
Russia’s Gazprom says gas flows to Europe will stay shut after G7 agreed price cap to choke Putin’s war machine
Russia’s Gazprom has said natural gas supplies to Europe via the Nord Stream 1 pipeline will remain shut off.It comes after G7 finance ministers agreed to impose a price cap on Russian oil exports in an effort to limit funding for President Vladimir Putin’s war in Ukraine. Gazprom said it was not reinstating supplies to …
02.09.2022 - 12:45
Business
Sky News
Russia scraps plans to reopen major gas pipeline – deepening Europe’s difficulty in securing winter fuel
Russia has scrapped plans to reopen a major pipeline that sends natural gas to Europe.The decision by Gazprom, a state-controlled firm, will make it more difficult for Europe to secure fuel ahead of the winter. Gazprom said the Nord Stream 1 pipeline would remain closed because of a leak in the main gas turbine, although …
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