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Sky News
Putin’s gas supply humiliation ritual is a warning shot towards Germany
Last week, the former German chancellor, Gerhard Schröder, gave a rare interview to the New York Times.Schröder has been elusive lately for a glaring reason: he, more than anyone else in recent decades, has been utterly and unashamedly associated with Germany’s reliance on Russian energy. Having left office, he worked for years on plans to …
Business
Euro News
Bitcoin ban: These are the countries where crypto is restricted or illegal
Business
Sky News
Former Parkdean owner joins race to say Hi-de-hi to Butlin’s
A former owner of Parkdean Resorts has joined the line-up of suitors for Butlin’s, the chain of holiday camps made famous by a 1980s BBC sitcom.Sky News understands that Epiris, the private equity firm which offloaded Parkdean in 2017, is among a handful of remaining bidders for Butlin’s. The leisure group’s other bidders include TDR …
Business
Sky News
Retail sales slump in April as shoppers stay cautious in the cost of living crisis
Retail sales slumped in Britain during April, reflecting the caution of shoppers as the cost of living crisis worsens.Figures from the Confederation of British Industry showed the first year-on-year fall in sales volumes in 13 months, with the balance falling to -35, well below the +9 seen in March. The survey deducts the number of …
Business
Sky News
What impact will Russia’s decision to cut off gas to Poland and Bulgaria have on Europe and the UK?
Russia has opened a new front in its war in Ukraine, cutting off gas supplies to two European Union nations that back Kyiv.It has been interpreted as the opening salvo in an intensified conflict across Europe as a whole, with gas supply being the main weapon. Both Poland and Bulgaria have been supplying Ukraine with …
Business
Business Live
Housebuilder Persimmon toasts robust forward order book worth £2.8bn
Housebuilder Persimmon says it has a robust order book worth £2.8bn as demand continues to outstrip supply. The York builder, founded by Northumberland businessman Duncan Davidson, issued a trading update for the period from January 1 to date, saying the firm is trading in line with expectations, on the back of strong demand. Ahead of …
Business
Business Live
London investor acquires third Birmingham building
A London-based property developer and investor has acquired its third building in Birmingham. Consortia Developments has acquired the Colmore Place apartment building in the city’s Jewellery Quarter. The freehold of the grade II listed building at 36-37 Cox Street has been bought in an undisclosed deal from Bricklane REIT. It was built in 1920 and …
Business
Business Live
Physics sector worth over £7bn to Welsh economy
The physics sector is worth £7.3bn and 113,138 jobs in Wales, according to a new report from the Institute of Physics. The professional body, working with the Centre of Economic and Business Research, measured physics’ contribution between 2010 and 2019, and found that economic impact is now more than the construction, transport and retail sectors …
Business
Business Live
Saltrock opens its latest store in Wales
North Devon brand Saltrock has opened a new store in Wales. The surfer-style fashion chain this week opened the doors at the new shop on Castle Street in Conwy. Saltrock took on a former chemist store following a relocation and five new jobs have been created. READ MORE:Holiday group snaps up a fourth North Wales …
Business
Business Live
World’s largest hydraulic crane arrives at Port of Immingham
The world’s largest hydraulic crane has arrived at the port of Immingham. The eagerly-awaited Mantsinen 300M Hybrilift arrived direct from the factory in Finland, and is a £3 million investment by Associated British Ports to boost handling capabilities in Britain’s largest port by tonnage. It was supplied by Cooper Specialised Handling Ltd, the UK’s leading …
Business
Sky News
Shapps says P&O Ferries boss ‘will have to go’
The embattled boss of P&O Ferries “will have to go”, the transport secretary has told MPs.Grant Shapps said it is “completely unsustainable” that Peter Hebblethwaite is still the company’s chief executive after nearly 800 workers were sacked without notice in March. Mr Shapps told the Commons’ transport select committee: “He will have to go.”Mr Hebblethwaite …
Business
Evening Standard
Why the banks have a tricky job over Russia
It is possible, just about, to feel sorry for our banks at the moment.On one level, since interest rates are going to rise probably quite rapidly, their profits are going to jump without them doing a single thing. This will flow through to bonuses to be paid next winter, about the time half the nation …

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