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Sky News
Europe not heading for recession this year despite Ukraine crisis, says senior US Treasury official
An unprecedented campaign of economic sanctions against Russia is not likely to cause a recession in Europe despite soaring energy prices, a senior US official has told Sky News.In an exclusive interview, Wally Adeyemo, deputy secretary of the US Treasury, said that his country was committed to doing everything it could to help its allies …
Business
Sky News
Heineken and Carlsberg exit Russia with one brand (probably) having more to lose
For the global brewers, as they grapple with changing consumer tastes and gently declining beer consumption in established markets like the US, Germany, the UK and Japan, Russia has been comparatively resilient.Russia, the world’s fifth largest country in terms of overall beer drinking, was one of the few major markets around the world where beer …
Business
Sky News
Chelsea advisers aim for April 18 deadline to present preferred bid to ministers
Ministers and the Premier League will be presented with a preferred bid for Chelsea Football Club in three weeks’ time, paving the way for a change of ownership to take place by the end of next month.Sky News has learnt that a letter sent to the four remaining contenders to buy the Blues over the …
Business
Sky News
Chelsea advisers aim for 18 April deadline to present preferred bid to ministers
Ministers and the Premier League will be presented with a preferred bid for Chelsea Football Club in three weeks’ time, paving the way for a change of ownership to take place by the end of next month.Sky News has learnt that a letter sent to the four remaining contenders to buy the Blues over the …
Business
Business Live
Cardiff Airport on track for best summer in three years with Wizz Air boost
Cardiff Airport is targeting passenger numbers recovering to 50% of pre-Covid levels this year boosted with a new base from Wizz Air going live next month. Latest figures from the Civil Aviation Authority showed the airport handled 18,674 passengers in February – with a rolling year figure of 150,122. However, with the removal of Covid …
Business
Business Live
Four firms in North East win backing from renewable energy fund
Four more companies have been given backing from a fund which aims to support the renewable energy sector in the North East. The North of Tyne Combined Authority’s Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme has given grants totaling £800,000 to TechnipFMC, FES International, Kinewell Energy, and Enshore Subsea. The grants take …
Business
Business Live
Real estate finance specialist is new Plymouth Law Society president
A partner at the Plymouth office of law firm Womble Bond Dickinson has taken a top position in a leading legal organisation. Real estate finance specialist Craig Moore has been elected as President of the Plymouth Law Society. Leading WBD’s 20-strong real estate team in Plymouth, Mr Moore specialises in all aspects of commercial property …
Business
Business Live
Cornish Metals aims to raise £40.5m to progress South Crofty tin mine
Mining company Cornish Metals is aiming to raise £40.5m from investors including a former Tory party chief executive to restart tin mining at Cornwall’s South Crofty mine.. Canadian-headquartered Cornish Metals, which trades on the Stock Exchange’s AIM, said it is to receive £25m from Vision Blue Resources (VBR), a vehicle founded by the ex-Conservative treasurer …
Business
Sky News
National Grid criticised for £4.2bn sale ‘of the national silver’ to foreign investor
National Grid has been criticised for its sale of a large chunk of Britain’s gas pipeline infrastructure to foreign investors for more than £4bn.The company quietly announced on Sunday that it had sold 60% of its gas transmission business – which sends gas around the UK to heat homes and businesses – to Australia’s Macquarie …
Business
Business Live
Legal challenge to Hinkley Point Portishead mud dumping dismissed
A legal challenge against plans to dump mud dredged from the Bristol Channel off Hinkley Point C into the Severn Estuary has been dismissed. Last year the Marine Management Organisation (MMO) granted energy giant EDF a licenc e to deposit hundreds of thousands of tonnes of sediment at a site off Portishead, as part of …
Business
Evening Standard
Barclays takes £450m hit from investment bungle
Business
Sky News
Soaring energy costs push data giant Sungard’s UK arm into administration
Soaring energy costs and an impasse with landlords over rents have forced the British arm of a major international data management operator into administration.Sky News understands that Sungard’s UK operations, which operate services for clients including JP Morgan and the Home Office, have called in Teneo Restructuring in an attempt to salvage its future. The …

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