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Sky News
UK imported no fuels from Russia in June while import of goods also dropped to £33m
Britain imported no fuels from Russia in June for the first time on record following the imposition of sanctions over the invasion of Ukraine, official data shows.The figure published by the Office for National Statistics (ONS) comes after the UK moved to sever all reliance on Moscow for its power needs in the face of …
Business
Sky News
Firms face ‘distress’ unless energy cost crisis tackled, warns CBI
Many viable companies face “distress” unless urgent action is taken by the government to get a grip on the energy cost crisis, a leading business body has warned.Firms were already feeling the pinch and risk being pushed to the brink by further price hikes, said the Confederation of British Industry. It published survey data that …
Business
Evening Standard
Office space provider IWG hires Steel to head finance
Flexible office space business IWG has appointed Charlie Steel as chief financial officer (CFO).He will join the board at the company, formerly known as Regus before the end of the year and will replace Glyn Hughes who has stepped down as head of finance to take a CEO post at a non-listed company. Hughes will remain …
Business
Evening Standard
Office space provider IWG hires Steel to head finance
Flexible office space business IWG has appointed Charlie Steel as chief financial officer (CFO).He will join the board at the company, formerly known as Regus before the end of the year and will replace Glyn Hughes who has stepped down as head of finance to take a CEO post at a non-listed company. Hughes will remain …
Business
Evening Standard
Used car prices rise 27% at Lookers and queues for new cars grow
The average price of a used car sold by Lookers has grown by more than a quarter as a shortage of semiconductors pushed up demand for vehicles.The business said that used car prices rose 27% in the first half of 2022, compared to the same period a year earlier.It meant that despite a drop in …
Business
Sky News
Not right to freeze energy bills despite ‘really expensive winter’ to come, minister says
Freezing energy bills will not help people who need the most support with the cost of living crisis, according to a government minister. The boss of Scottish Power revealed on Tuesday that he had asked the government to back a £100bn loan scheme to allow energy companies to freeze bills for two years. Keith Anderson …
Business
Sky News
Toyota sports car advert banned by watchdog
A Toyota sports car advert that “condoned and encouraged unsafe or irresponsible driving” has been banned by a watchdog.The marketing promotion for the high performance GR Series vehicles gave the impression that drivers “could push the boundaries of safe and responsible driving and that it was desirable and enjoyable to do so”, the Advertising Standards …
Business
Sky News
Everything you need to know about the energy price cap and what it means for your bills
The energy price cap has dominated the news in recent months, as consumers watch nervously to find out how much higher their bills can go, but many of the driving forces behind the rises are beyond our control.What is the price cap? The price cap sets a limit on the amount suppliers can charge for …
Business
Sky News
Energy supplier calls for bill freeze and VAT cut to ease winter crisis
The government should bring forward energy grants, cut VAT on fuel bills and back a price freeze funded by a £100bn commercial loan scheme to prevent millions of households being pushed into fuel poverty this winter, one of the UK’s biggest energy suppliers has said.EDF says a new package of government support should be accompanied …
Business
Sky News
UK economy edges closer to stagnation with factory slump
UK private sector growth has moved closer to stagnation as it slowed to a new 18-month low, dragged down by a slump in factory output, latest data indicates.The closely watched S&P Global/CIPS Purchasing Managers’ Index (PMI) composite flash estimate dropped to 50.9 in August from 52.1 in July, its lowest since February 2021 and close …
Business
Sky News
Nissan to close Sunderland engine cylinder plant as Renault contract ends
The Japanese carmaking giant Nissan is to close its British engine cylinder plant in 2024 when a contract with its only customer expires.Sky News has learnt that Nissan has decided to shut the area of its vast Sunderland factory dedicated to making cylinder heads for Renault combustion engines. The decision will not result in any …
Business
Sky News
Spike in gas prices threatens big troubles for European economies
Wholesale gas prices are back to trading at close to a five-month high.The price of British gas for immediate delivery is off 2.5% this morning but on Monday traded as high as 503p a therm – a level last seen in the immediate aftermath of Vladimir Putin’s invasion of Ukraine. Similarly, day-ahead prices are off …

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