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Sky News
‘Widely reported’ stories claim Putin regime funded some fracking opposition, says Rees-Mogg
“Widely reported” stories have claimed some of the opposition to fracking for shale gas had been funded by Russian President Vladimir Putin’s regime, Jacob Rees-Mogg has said.As he was criticised by opposition and Tory MPs about his announcement to lift a ban on fracking in England, the business and energy secretary said he was “well …
Business
Sky News
Interest rates are high enough to dampen demand and cause financial pain for millions | Ed Conway
Before we get on to the Bank of England’s decision today we urgently need to clear something up. There’s a misconception which sometimes floats around at times like this, that while interest rates are on the rise, the fact that they’re so low compared with historical standards means there’s no reason to be concerned. You’ve probably …
Business
Sky News
Interest rates are high enough to dampen demand and cause financial pain for millions
Before we get on to the Bank of England’s decision today we urgently need to clear something up. There’s a misconception which sometimes floats around at times like this, that while interest rates are on the rise, the fact that they’re so low compared with historical standards means there’s no reason to be concerned. You’ve probably …
Business
Business Live
Jobs saved after £1m white goods repairer JK Domestics acquired out of administration
Jobs have been saved after a white goods repair company in Liverpool was acquired out of administration in a pre-packaged deal. A total of 17 roles have been secured after the deal for Wavertree-based JK Domestics was agreed by Begbies Traynor. The business offered repair services on white goods across the region and was founded …
Business
Business Live
The mini Budget: Businesses tell us what they want to happen on rates, VAT and NI
A cut to Business Rates and VAT tops the wish list from businesses ahead of the mini Budget on Friday. Many have welcomed the pledge to cut energy bills up to a half laid out by the six-month Energy Bill Relief Scheme, but firms want longer term and wider support to survive rising inflation, staffing …
Business
Business Live
Group co-founded by Dragons’ Den star Steven Bartlett invests in agency focused on stopping greenwashing in advertising and media
A communications group co-founded by Dragons’ Den star Steven Bartlett has invested in a creative agency focused on stopping greenwashing in the advertising and media industries. Flight Story, which has offices in London and Manchester, has backed Poole-based Nuevo. The financial terms of the deal have not been disclosed. Nuevo’s clients include Canada Goose, Extreme-E, …
Business
Business Live
‘Decisive action, clarity and simplification’ or ‘smoke and mirrors’: North West business leaders share views ahead of mini-Budget
North West business leaders have shared their thoughts ahead of the much-anticipated mini-budget that’s due to be revealed by Chancellor Kwasi Kwarteng tomorrow (Friday, September 23). The announcement will come after the government unveiled a new package of support aimed at helping households, businesses and public sector organisations with rising energy bills on Wednesday. This …
Business
Evening Standard
JD Sports says shoppers ‘motivated by desire, not economics’
JD Sports has said its customers are “motivated by desire rather than economics”, despite cautioning over inflation affecting trading during the rest of the year.The sportswear giant, which sells popular brands such as Adidas and Nike, said its main consumers are a younger demographic than most other retailers.Neil Greenhaulgh, JD’s chief financial officer, told the …
Business
Evening Standard
Google, Amazon and Microsoft under pressure as Ofcom probes cloud computing market
Tech giants Google, Amazon and Microsoft could face enforcement action under a new probe into the cloud services market by communications regulator Ofcom.The market study, which will involve close engagement with the Competition and Markets Authority, will examine whether regulatory steps are needed to protect new innovations against the dominance of global software firms, which …
Business
Business Live
Tech-driven sporting and social venue to open in Hull’s Old Town
A new sports and entertainment venue is set to open in Hull Integrated Sports Experience – a technology-driven centre that will bring coaching, competition and socialising together – has taken a 10 year lease at King William House. Brought forward by York businessmen Guy Kilner and Matthew Bennett, it will focus on cricket, darts and …
Business
Evening Standard
Goldminer Polymetal considers leaving Russia
The former FTSE 100 Russian gold and silver miner Polymetal has said it is considering moving its main corporate base out of the sanctions-hit country.The company, which also operates in Kazakhstan, said a “a potential re-domiciliation” to a “friendly jusrisdiction” was under consideration. It announced the potential sale of its Russian mines in July. They …
Business
Evening Standard
PZ Cussons says inflation added £40m to prices this year
Imperial Leather and Carex maker PZ Cussons has reported a drop in annual profits as it said cost inflation and the impact of consumer cutbacks impacted its performance.The business posted pre-tax profits of £66.6 million for the year to May 31, a 2.9% drop from £68.6 million a year ago. However, profits were ahead of …

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