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Wylfa revival boosts investor’s multi-million development plans on Anglesey
An investor says the planned revival of Wylfa B has boosted its potential developments on Anglesey. UK Government has stepped up its commitment to new nuclear in Britain in response to the energy price and security crisis. The Wylfa site is tipped to be part of that with UK and Welsh governments supportive and talks …
Business
Evening Standard
FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more
Share buybacks announced by companies on the London market have already surpassed the all-time record set in 2018 with more than half the year left to go.FTSE 100 firms are now planning £37 billion of share buybacks in 2022, surpassing the previous peak of £34.9 billion in 2018, according to AJ Bell.Among the largest offers …
Business
Sky News
No immediate extra help for families in cost of living crisis as Charles reads Queen’s Speech
Boris Johnson has promised to “grow and strengthen the economy and help ease the cost of living for families” through new measures in the Queen’s Speech.The address, which outlines the government’s legislative agenda for the year ahead, focused heavily on the economy as the PM aims to get the country “back on track” after the …
Business
Sky News
Why some countries have lower energy bills than the UK – and how energy policies compare
Millions of households in the UK are facing an unprecedented £700-a-year increase in energy bills after the price cap rose by 54% in April.Another sharp increase is expected in October. But in some other countries, households are paying far less for the cost of heating their homes.Where are energy bills lower?Canada and Norway have the …
Business
Sky News
Sales of used electric cars reach record high
Sales of used pure electric cars have reached a record high, according to new figures.Some 14,586 used battery electric cars were bought in the UK during the first three months of the year, the Society of Motor Manufacturers and Traders (SMMT) said. That is more than double the total of 6,625 during the same period …
Business
Euro News
Ukraine war: The EU is proposing a Russia oil embargo but what could the US do to tighten sanctions?
Business
Sky News
Shoppers ‘put brakes’ on spending as cost of living crisis bites
The soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show.The latest retail monitoring from BRC-KPMG revealed sales dipped in April after a sharp downturn in consumer confidence. And separate figures from Barclaycard showed credit card spending on retail and eating out slowed last month as people tightened …
Business
Sky News
P&O Ferries’ Pride of Kent cleared to sail again at fourth attempt
P&O Ferries has been told the Pride of Kent can resume sailings between Dover and Calais after passing a safety inspection at the fourth attempt.The vessel had been detained since late March amid the fallout from the company’s decision to sack almost 800 seafarers and replace them with agency crew on significantly lower pay – …
Business
Sky News
Bank of England rate-setter sees inflation higher than forecast of 10.25% ahead
A member of the Bank of England’s rate-setting committee has warned he sees inflation exceeding its latest forecasts without more aggressive action.Michael Saunders, an external member of the bank’s nine-member monetary policy committee (MPC), voted last week along with two others for a 0.5% hike in bank rate aimed at tackling the effects of the …
Business
Sky News
Boost to future of electric cars as UK’s first lithium plant secures new investment
The UK’s first lithium factory, which aims to supply European electric car and battery makers, has secured new investment.The refinery, which is being developed in northern England by Green Lithium, will receive feedstock – a raw material used in processing – from Trafigura, one of the world’s largest metals traders. Trafigura also plans to sell …
Business
Sky News
McColl’s rescued from administration by partner Morrisons
Convenience retailer McColl’s has been formally bought out of administration by its existing trading partner Morrisons in a deal that saves all its 16,000 jobs and its stores.The news was announced hours after Sky News reported that the supermarket chain had won a race with petrol station powerhouse EG Group for a rescue. Moments after …
Business
Evening Standard
AnyVan’s Angus Elphinstone: The man who moves anything from elephants to S&M chairs
Angus Elphinstone was working on a house removals business when he learnt that a quarter of all vans and lorries travel empty because they’re driving back from a job, and half of the rest have only a few items on board with plenty more room available. “It was during the recession, and I could see …

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