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Glencore ‘to admit’ charges related to alleged $25m bribes for oil contracts
A court has heard that a unit of FTSE 100 mining and commodities trader Glencore plans to plead guilty to bribery charges related to oil contracts in Africa.The Serious Fraud Office (SFO) charged Glencore Energy (UK) Ltd with seven offences and said, following a hearing at Westminster Magistrates’ Court, that the company had indicated that …
Business
Evening Standard
Jubilee family fry up in danger from global food emergency
The Jubilee family fry up is in danger from the world economic crisis with a  40p price hike this year for the British staple according to market research giant Kantar as the UN has warned of an “acute” global food and inflation crisis due to the war in Ukraine.With many full English fans looking to tuck in next weekend …
Business
Sky News
KLM faces court over ‘greenwashing’ adverts and carbon offsetting scheme in landmark case
Dutch airline KLM is being hauled up in court over accusations its “misleading” advertising amounts to greenwashing, in what is believed to be the world’s first such case for the aviation industry.Environmental lawyers Client Earth will argue the airline’s adverts and carbon offsetting scheme give a false impression of the sustainability of its flights and …
Business
Sky News
Energy price cap expected to rise by £830 to £2,800 in October, says Ofgem chief
The UK’s energy price cap is expected to rise in October to around £2,800, Ofgem’s chief executive says.The cap which applies until 31 September is currently £1,971 a year – and that amount was a 54% or £693 rise from the previous cap six months earlier. Ofgem chief executive Jonathan Brearley told the Business, Energy …
Business
Evening Standard
Rishi can afford to ignore the debt botherers
FOR those in the City who fret about the state of the nation’s finances – they have reason – one figure in particular occupies their mind.It isn’t the deficit (less than £19 billion last month, and falling) nor the total national debt (£2.36 trillion, and only ever rising).The one they get mad about is the …
Business
Business Live
The Mall at Cribbs Causeway nears full occupancy with three new lettings
The Mall at Cribbs Causeway has said it is almost at full occupancy after securing a trio of lettings. The Bristol shopping centre has recently signed up footwear retailer Kurt Geiger and sister brand Carvela, plus restaurant chain Slim Chickens for new units. London-based fashion firm Kurt Geiger opened a 2,379 sq ft store on …
Business
Business Live
Record first half for Topps Tiles as revenue hits £119m
Tile retailer Topps Tiles has reported record first half revenue as ‘robust’ demand for home improvements continues. The Leicestershire-headquartered business – which wants to win £1 in every £5 spent on tiles by 2025 – recorded revenue of £119.2 million for the 26 weeks to April 2, 2022, which is the highest the group has …
Business
Evening Standard
Calls for Rishi Sunak to ‘go big’ on cost of living support as borrowing costs falls
Pressure rose on Rishi Sunak to “go big” with a support package for the cost-of-living crisis today, when the latest figures showed government finances in much better shape than expected.The government borrowed £18.6 billion in April, notably lower than City forecasts and there were revisions downwards to figures from last year as tax receipts came …
Business
Sky News
Bank of England tells banks: ‘Take climate action now or face profits hit’
The Bank of England has told banks to take climate action immediately or face a hit to annual profits of up to 15%.The warning comes following the first comprehensive examination of how Britain’s financial system will cope with climate change and the stresses involved in shifting to a net zero carbon economy by 2050. The …
Business
Business Live
Credit Union Smart Money Cymru reports surge in lending and membership
A South Wales credit union has experienced a significant rise in its lending activities and saving deposits. For the 12 months to the end of March this year, Smart Money Cymru Community Bank, which has offices in Caerphilly, Blackwood and Tredegar, saw a near 50% rise in loans, from £2.59m to £3.84m. Its saving deposits …
Business
Business Live
ADVERTORIAL: Leus Family Foundation focuses on pandemic recovery for children
As the UK moves into a different phase of the pandemic, one charity is reflecting on its priorities as it continues its work to support the most vulnerable children. The Leus Family Foundation has identified recovery for children from the strains and isolation of the pandemic as a key focus for its work in 2022 …
Business
Business Live
Cranswick gears up to play vital role in cost of living crisis
Cranswick is gearing up to play a key role in feeding the nation as consumers tighten their belts amid a cost of living crisis. Chief executive Adam Couch told how the £2 billion turnover business is well placed to serve demand for chicken and pork – seen as real value family protein providers – as …

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