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Windfall tax ‘will bring about job losses’, energy industry warns
A windfall tax “will bring about job losses”, the energy industry has warned.Deirdre Michie, chief executive of Offshore Energies UK, which represents the offshore oil and gas industry, said their supply chain is “really worried” about the implications of a windfall tax, which was announced today. “That will directly impact manufacturing in this country,” she …
Business
Business Live
Marrons Planning secures green light for countryside homes after plans were turned down three times
Planning specialists Marrons Planning has helped gain permission for 49 new homes in the Leicestershire countryside – after the plans were turned down three times. Marrons – which is based in Leicester and is part of the Shakespeare Martineau group – helped secure permission for the houses in the former mining village of Thornton. The …
Business
Business Live
City praise for Hull food giant Cranswick’s performance against ‘strong headwinds’
City analysts have poured praise on Cranswick’s performance, as it became a £2 billion turnover company in the past financial year. The Hull food giant, started by East Yorkshire farming families as a feed milling business almost 50 years ago, now supplies pork and poultry products to major supermarkets, while also serving up the needs …
Business
Business Live
Contractors appointed to controversial A303 Stonehenge tunnel scheme
National Highways has appointed an international group of construction companies to carry controversial works to the A303 in the South West. The £1.7bn upgrade of the road between Amesbury and Berwick Down includes a two-mile-long tunnel under Stonehenge. The Government-owned organisation’s preferred bidder for the scheme is a joint venture – known as MORE JV …
Business
Sky News
Sunak unveils £15bn package to ease burden on Britons ‘hit hard’ by cost of living surge
Chancellor Rishi Sunak has announced a £15bn package of cost of living support including a £400 discount on energy bills for all and a £650 one-off payment to the poorest eight million households.The measures will be partly funded by a temporary levy on oil and gas companies which are enjoying bumper profits, as a result …
Business
Sky News
Sunak unveils £15bn package and U-turns on windfall tax to help Britons ‘hit hard’ by cost of living surge
Chancellor Rishi Sunak has announced a £15bn package of cost of living support including a £400 discount on energy bills for all and a £650 one-off payment to the poorest eight million households.The measures will be partly funded by a temporary levy on oil and gas companies which are enjoying bumper profits, as a result …
Business
Sky News
French billionaire’s stake in BT to be reviewed over national security concerns
The government will examine French billionaire Patrick Drahi’s 18% stake in BT over national security concerns, the business secretary has said. His company Altice is the telecoms company’s biggest shareholder, having increased its stake from 12.1% last year. The move stoked fears that the business would be subject to a takeover.Business Secretary Kwasi Kwarteng told …
Business
Evening Standard
JD Sports boss quits after £4.3 million CMA fine
The Executive Chairman of JD Sports has quit the company after it was fined £4.3 million by the Competition and Markets Authority (CMA).Peter Cowgill will step down from his role with immediate effect, with Audit and Risk Committee Chair Helen Ashton stepping in as interim chair.In February, the CMA ordered JD Sports and Footasylum to …
Business
Sky News
Chinese takeover of UK’s largest microchip producer faces national security review
The acquisition of the UK’s biggest microchip factory, Newport Wafer Fab, by a Chinese-owned technology company is to undergo a national security assessment.The business secretary Kwasi Kwarteng announced the move after Nexperia, which is headquartered in the Netherlands but part of Shanghai-based Wingtech, completed the purchase in July last year for a reported £63m. Mr …
Business
Sky News
More than 90,000 VW drivers in England and Wales will get payouts over ‘dieselgate’
Volkswagen has reached a £193m settlement with UK drivers involved in a class action lawsuit over the so-called dieselgate scandal in 2015.The German carmaker, which had refused to compensate the owners of diesel models affected in the UK, citing EU law, faced claims brought on behalf of more than 100,000 people by several legal firms. …
Business
Evening Standard
De La Rue expects profits to level for the coming year
De La Rue the UK-based bank note manufacturer has been hit by ongoing fallout from the loss of its passport division, supply chain inflation and the impacts of the pandemic as its annual profits stagnated with a similar outcome expected for the next year. The company reported operating profits of £36.4 million for the full year …
Business
Sky News
British software company Access worth £9bn as Singapore takes stake
A Loughborough-based software company is close to becoming more valuable than Sage Group, the FTSE-100 technology champion, as it finalises a deal to sell a stake to a Singaporean state investment fund.Sky News has learnt that The Access Group, which was founded in 1991, is in advanced talks about a transaction that will value it …

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