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Pepsi penetrated the Iron Curtain five decades ago – but has now joined the exodus from Russia
With Heineken and L’Oreal announcing the effective closure of their Russian operations today, the number of Western companies shunning the country continues to grow.Unilever – the Magnum, Domestos and Dove consumer goods titan – has also called a halt on exports to the country. The announcements in Europe came on the back of last night’s …
Business
Sky News
Huawei UK directors quit over stance on Russian invasion
The two British board members of Huawei’s UK subsidiary are to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine.Sky News has learnt that Sir Andrew Cahn and Sir Ken Olisa notified the company on Wednesday that they intend to step down from their positions as non-executive directors. City sources said …
Business
Euro News
Bitcoin jumps in value after leaked US Treasury statement calms fears of a crypto clampdown
Business
Sky News
Starmer calls for government U-turn on support for household energy bills as price hike set to bite
Boris Johnson has announced he will set out an Energy Independence Plan in the “course of the next few days” as April price hike looms.At Prime Minister’s Questions, Mr Johnson said his government “need to meet the long term impact of the energy price spike”. The announcement came as the prime minister was pressed by …
Business
Business Live
Ultra marathon runner’s business buys sports nutrition retailer
A Dorset business founded by a former international ultra marathon runner has acquired a sports nutrition retailer for an undisclosed sum. XMiles UK specialises in products and accessories for endurance sports and was established in 2015 by athlete Anthony Clark, who represented England and Great Britain in competitions around the world. The business has now …
Business
Sky News
Technology companies to be forced to tackle scam online ads
Social media platforms and search engines are to be forced to tackle fraudulent advertisements, according to the government.The duty will be included in an updated version of the Online Safety Bill which Sky News understands may arrive as early as next week. It follows criticisms of a previous draft of the law covering harmful user-generated …
Business
Business Live
Development Bank of Wales announce new director of its tech venture investments team
The Development Bank of Wales has appointed a new director to head up its technology venture investments (TVI) division. Duncan Gray takes over Simon Thelwall-Jones who led the team from 2019 to December 2021. Mr Gray was previously deputy fund manager (strategic portfolio) within the TVI team. He is replaced by Mark Bowman who has …
Business
Business Live
New managing director for £35m Scunthorpe packaging specialist CorrBoard
Scunthorpe packaging specialist CorrBoard UK has a new managing director. Rob Burgin, formerly general manager for DS Smith Northfields in nearby Louth, will take on the responsibility for the running of the £35 million turnover business, a specialist producer of corrugated sheet board. He is also tasked with “setting the tone for the future strategy” …
Business
Sky News
Food poverty campaigner Jack Monroe warns cost of living crisis will be ‘fatal’ for families
The impact of the cost of living crisis on the “millions of children living in poverty in Britain” will be “fatal”, a prominent campaigner has told MPs.The food writer Jack Monroe said for these children, their “home situations and their family’s financial situations are already untenable.” While giving evidence to the Work and Pensions committee, …
Business
Business Live
Huge 430,000 sq ft B&Q distribution centre build starts in South Yorkshire
Work has begun on a 430,000 sq ft warehouse and distribution centre for B&Q in South Yorkshire. County-based GMI Construction Group has been appointed as principal contractor to deliver the seasonal facility for the DIY giant at Symmetry Park, beside Junction 34 of the A1. B&Q has already agreed a 15-year lease on the bespoke …
Business
Business Live
Regulator voices ‘serious concerns’ with water suppliers’ sewage works
Water regulator Ofwat has said it has “serious concerns” over the sewage treatment works of five water suppliers. Anglian Water, Northumbrian Water, Thames Water, Wessex Water and Yorkshire Water submitted reports in December which worried the regulator, it said. Ofwat interim boss David Black said: “The data that emerged at the end of last year …
Business
Sky News
Mothercare eyes big sales hit as it joins list of brands halting business in Russia
Mothercare, the retailer of products for young children and their parents, has joined the list of multi-national companies halting business in Russia and warned it will be taking a big financial hit in the process.The company revealed on Wednesday morning that its decision to suspend operations would result in a hit of up to a …

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