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The cross-border Western Gateway partnership wants to create the UK’s first green energy cluster
The Western Gateway, a cross- border economic partnership between South Wales and the west of England, will hold its first ever green growth conference at the Celtic Manor in Newport next Tuesday. Here its chair Katherine Bennett on its plans to create the UK’ first green energy cluster and more. Our Western Gateway area is …
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Sky News
Airbnb suspends 90,000 rentals in Russia
Airbnb has said it will suspend all operations in Russia and Belarus following the invasion of neighbouring Ukraine last week.Russia currently has 90,000 active short-term rentals available on Airbnb, according to market research firm AirDNA. Brian Chesky, the company’s chief executive and founder, said earlier this week that the company would house 100,000 Ukrainians forced …
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Business Live
Derby County hope to name preferred bidder soon after EFL says club has enough cash to keep going – for now
The administrators of Derby County say they hope to be able to name their preferred bidder soon as conversations with prospective buyers continue. It comes after the ELF said it understood the club had enough cash to trade until the end of the season. Derby has faced months of turmoil after going into administration in …
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Sky News
Activist raider Elliott snaps up UK mortgage group Enra in £350m deal
Elliott Advisors, the feared activist investment fund, has agreed a £350m swoop on Enra Group, a specialist UK provider of mortgage finance.Sky News understands that Elliott, which was founded by Paul Singer, one of Wall Street’s most prominent figures, is close to announcing the acquisition of the Watford-based company. Enra was put up for sale …
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Sky News
Billionaire ex-Arsenal shareholder and former Russian deputy PM hit with sanctions by UK
A former major shareholder in Arsenal FC and Russia’s ex-deputy prime minister have become the latest oligarchs to be sanctioned by the UK, the Foreign Office said.Foreign Secretary Liz Truss said Alisher Usmanov, who owned more than 30% of Arsenal before selling up to current owner Stan Kroenke in 2018, has been sanctioned. He then …
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Sky News
Co-op removes Russian vodka brand from sale over Ukraine invasion
Co-op supermarket has removed a Russian vodka brand from sale with immediate effect “as a sign of solidarity with the people of Ukraine”.Russian Standard vodka, which is distilled in St Petersburg, will no longer appear on shelves at Co-op, the company has announced. A Co-op spokesperson said: “In response to the ongoing invasion of Ukraine by …
Business
Sky News
The inflation index signalling a 1970s-style leap in prices is looming large
The impact of Vladimir Putin’s war on Ukraine on oil and gas prices is now very apparent.The price of Brent crude surged to $119.84 a barrel on Thursday – a level last seen on 1 May 2012 – while the price of wholesale gas remains close to the record highs it hit just before Christmas …
Business
Sky News
London Stock Exchange suspends 28 companies linked to Russia
The London Stock Exchange (LSE) has suspended trading for 28 companies linked to Russia after crushing sanctions on the country were put in place following its invasion of neighbouring Ukraine last week.The market said it was “closely monitoring” the impact of the conflict and was “actively engaging” with regulators and authorities over relevant sanctions, according …
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Sky News
Macquarie to clinch £900m takeover of motorway services giant Roadchef
A former owner of Moto is closing in on a £900m takeover of Roadchef, another of Britain’s biggest operators of motorway service stations.Sky News has learnt that Macquarie, the Australian financial services giant, has agreed a deal to buy Roadchef from Antin Infrastructure Partners. City sources said on Thursday that a deal was likely to …
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Sky News
Oligarchs have megayachts seized by France and Germany after being sanctioned
France has seized the vessel of Igor Sechin, a long-time ally of Vladimir Putin and the boss of Rosneft, one of the largest oil companies in Russia.The Amore Vero, a luxury megayacht built in 2013, was seized by French authorities on Thursday morning in the dockyard of La Ciotat, a port on the Mediterranean coast, …
Business
Sky News
Megayacht belonging to long-time ally of Vladimir Putin seized
France has seized the vessel of Igor Sechin, a long-time ally of Vladimir Putin and the boss of Rosneft, one of the largest oil companies in Russia.The Amore Vero, a luxury megayacht built in 2013, was seized by French authorities on Thursday morning in the dockyard of La Ciotat, a port on the Mediterranean coast, …
Business
Business Live
British Steel submits plans for £26m Special Profiles site expansion
Plans for a £26 million upgrade of British Steel’s Special Profiles business in the North East have been submitted for planning approval. The proposals for the Skinningrove site, which were first revealed in August, will see cut-to-length lines, product milling, machining and warehousing operations added. It will allow the Scunthorpe-headquartered business to make and process …

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