Latest Stories All Stories

Business
Evening Standard
Oil price tops $120 a barrel as EU closes on Russian crude ban
The oil price surged past $120 (£95) a barrel barrier today for the first time since late March as European leaders grappled with imposing a ban on Russian crude imports.In early trading a barrel of benchmark Brent crude hit $120.42, up nearly a dollar, and the highest level since the early weeks of the war …
Business
Evening Standard
Cost of filling family car with diesel hits £100 for the first time
The cost of filling up a family car has hit £100 for the first time ever after fuel prices rose again over the weekend.The rises mean it drivers of diesel cars will have to pay £100 for a typical 55 litre tank after the price went to 182.71 a litre on Saturday. Unleaded also rose …
Business
Sky News
Rising prices for cheapest food may be in line with inflation – but will still hit Britain’s poorest hard
There have been some suggestions that people struggling the most with the cost of living who opt to buy the cheapest “own brand” products are experiencing the steepest inflation.Today’s experimental data from the Office for National Statistics (ONS) seems to dispel that claim. There is, however, huge value in trying to assess how different groups …
Business
Business Live
Government ‘considering’ extending Hinkley Point B to protect UK electric
The business secretary is considering whether to extend electricity generation at Hinkley Point B power station in Somerset to guard against potentially depleted gas supplies, a government minister has suggested. Culture minister Chris Philp said Kwasi Kwarteng had taken some “precautionary measures” last week, amid reports that plans have been drawn up to ration electricity …
Business
Business Live
Airbus Filton zero-emission hub to support 50 jobs in early phase
Airbus is expecting its new Zero Emission Development Centre (ZEDC) near Bristol will initially support around 50 jobs and be a “key project” in attracting new talent into the UK aerospace sector. The company announced an event in London last week (May 25) it is set to develop hydrogen technologies at its site in Filton …
Business
Sky News
Revealed: How much supermarkets’ cheapest food is rising in price
Prices of the cheapest food items in supermarkets have surged in the past year, with campaigners warning that the poorest families are being disproportionately hit by the cost of living crisis.According to data from the Office for National Statistics (ONS), the lowest priced goods are rising in cost at around the same rate as food …
Business
Business Live
Welsh firm that developed world’s first electronic breathalyser in big export win
A Barry firm, which developed world’s first electronic breathalyser, has secured a major export deal to supply hundreds of breath testing instruments to the Finnish government. Barry-based Lion Laboratories is set to supply 250 portable infrared breathalysing instruments for use by Finland’s police, border guard and prison services. As well as providing the devices, the …
Business
Business Live
Alliance Leisure teams with council to invest in football facilities at Derby Racecourse
Derby City Council has partnered with leisure developer Alliance Leisure to build a grass roots football hub on the Derby Racecourse site. The council has submitted a planning application with the leisure development specialist to add three full-sized, floodlit 3G pitches alongside the existing 3G, for the Derby Junior Football League and the Derbyshire Girls …
Business
Business Live
Bournemouth bus fares to be cut for Queen’s Jubilee following deal
Bus fares in Bournemouth are to be slashed over the Queen’s Platinum Jubilee weekend in a bid to boost trade in the area. Bournemouth Coastal Business Improvement District (BID) and Yellow Buses have formed a partnership that will see all-day network mobile app tickets cut from £8.20 to just 70p during the four-day weekend. The …
Business
Sky News
Oil prices surge as EU meets to discuss Russian energy ban
Oil prices hit their highest level in more than two months on Monday morning as EU officials gathered in Brussels to debate the best way to ban Russian oil imports.The move faces opposition from the likes of Hungary, leaving energy markets waiting to see if a deal is reached. Nevertheless, international oil benchmark Brent crude …
Business
Sky News
Millions of homes could face electricity rationing this winter – report
Ministers have been warned of potential power cuts to as many as six million households this winter, according to reports. Government modelling of a “reasonable” worst-case scenario predicts major gas shortages in winter if Russia cuts off more supplies to the EU, The Times says. Limits could be imposed on industrial use of gas, including …
Business
Sky News
Ministers further dilute audit reform plans after private sector backlash
Hundreds of large privately-owned companies will escape tougher corporate governance requirements under watered-down government plans to reform the audit profession in the wake of scandals at Carillion and BHS.Sky News has learnt that ministers will this week publish their long-awaited response to a consultation on the future of auditors and boardroom governance. Insiders said the …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources