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Sky News
‘Watershed moment’ on fuel prices: Warnings of worse to come as petrol passes £7 a gallon
UK fuel prices have soared to new record highs, with the average cost of a litre of diesel rising to £1.61, with no end in sight for spiralling pump costs.Data from Experian Catalist reported by the AA also showed unleaded at £1.55 on Sunday as the impact of Russia’s invasion of Ukraine continued to be …
Business
Business Live
Viridor officially opens £317m Avonmouth waste management centre
Waste management firm Viridor has officially opened a £317m facility in Bristol it says will divert hundreds of thousands of tonnes of rubbish from landfill every year. The firm’s new site at Avonmouth, which has created 125 new jobs, consists of a £252m energy recovery facility (ERF) and a £65m plastic reprocessing plant. The latter …
Business
Sky News
Cost of natural gas smashes past UK records – as fears of energy bills surge rises
The cost of natural gas has smashed past UK records while Brent crude oil has surged to its highest level since 2008 after the US said a boycott of Russian energy imports was being considered, as a further sanction, following President Vladimir Putin’s invasion of Ukraine.The international oil benchmark passed $139 a barrel early on …
Business
Sky News
Accountancy giant PwC to exit Russia as multinational exodus grows
PricewatwerhouseCoopers (PwC) is to cut its Russian firm adrift from its global network in arguably the most significant exit so far by a multinational company since the Putin government’s decision to invade Ukraine.Sky News has learnt that PwC, one of the world’s big four accountancy firms, will announce publicly on Monday that it is cutting …
Business
Sky News
Netflix, American Express and TikTok cut services in Russia
Streaming giant Netflix has become the latest company to stop operating in Russia.It said that “given the circumstances on the ground, we have decided to suspend our service in Russia”. American Express has announced it is suspending “all operations” there, while TikTok users will not be able to upload new content.Amex said it had taken …
Business
Sky News
Caretech founders plot bid to take social care group private
The sibling founders of Caretech are plotting to make an offer for the social care group that would see it delisted from the London Stock Exchange.Sky News has learnt that Farouq and Haroon Sheikh, who set up Caretech in 1993, are in talks to secure the financing required to launch a takeover bid for the …
Business
Business Live
CEO says ‘helicopter money’ worth risk of Covid fraud as fast-growing lender eyes IPO
Getting as close to “dropping money from helicopters” as the UK is ever likely to get during the height of the Covid-19 pandemic was worth risking the potential for fraud, the founder and CEO of a fast-growing alternative finance provider has said. Stuart Law, who runs the Assetz Group of companies in Manchester, added that …
Business
Business Live
Automotive supplier Gestamp returns to profit despite ‘difficult’ market conditions
Major Nissan supplier Gestamp has returned to profit despite what it described as a difficult market. Accounts for the Spanish parent company of Gestamp Tallent Limited – which runs a Newton Aycliffe plant employing about 2,000 people – showed net profit was £128m (€155m) in 2021, up from a loss of £58.6m (€71m) the previous …
Business
Sky News
Visa and Mastercard announce suspension of operations in Russia
Visa and Mastercard have announced they are suspending operations in Russia.Credit and debit cards issued by Russian banks will no longer work outside of the country. Russian businesses and cash machines will also be unable to accept cards issued abroad. Please use Chrome browser for a more accessible video player 4:46 Terrified civilians try to …
Business
Business Live
Could opportunities in outer space bring jobs to the North East?
This week saw the possibility of 2,300 jobs being created in the North East as global defence giant Lockheed Martin identified the region as the frontrunner for a £50m manufacturing and research base. The potential plans were unveiled at a conference in Newcastle looking at economic opportunities in the space sector, which attracted more than …
Business
Euro News
Ukraine war: What sanctions have been imposed on Russia and what could come next?
Business
Sky News
Suitors vie to win Abramovich backing for £3bn Chelsea deal
A pack of suitors from international sport, property and finance are this weekend exploring bids to take control of Chelsea Football Club from the Russian-Israeli billionaire Roman Abramovich.Sky News has learnt that the owners of the Chicago Cubs Major League Baseball (MLB) team have begun considering an offer for the West London club, and are …

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