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Sky News
UK could spend £6.3m a day on Russian gas this year, think tank warns
The UK is at risk of spending billions of pounds on Russian gas imports this year, potentially funding its war in Ukraine, an energy think tank has warned.The UK uses relatively little Russian gas, but it still accounts for about 6-7% of total imports, and about 4% of UK gas demand, having risen from almost …
Business
Business Live
Welsh Government update on planning and enforcement appeals backlog
Welsh Government has given an update on the planning and enforcement appeals backlog that is impacting firms in Wales. Last year the staff and functions of Planning Inspectorate Wales transferred from English to Welsh Governments. It saw a new division called Planning and Environment Decisions Wales (PEDW) set up but it wasn’t a smooth switch …
Business
Business Live
Car insurance to loans group Admiral post strong financials for 2021
Car insurance to loans group Admiral had posted a rise in profits and revenues buoyed by a strong performance in the UK vehicle insurance marketplace. The FTSE 100 firm, headquartered in Cardiff and which employs more than 7,500 across South Wales, has post pre-tax profits for 2021 of £769m, up 26% on 2020. Revenues were …
Business
Business Live
Ex-boss of Princess Yachts launches boat design and refit firm in Plymouth
The former boss of luxury boat-maker Princess Yachts has launched a new motor yacht design and refit specialist company in Plymouth. Chris Gates, who stepped down as managing director of Plymouth’s Princess Yachts in 2019 after 11 years in charge and 30 at the firm, now runs Setag Yachts. The company, incorporated in December 2020, …
Business
Business Live
Car retail giant Lookers to create 80 jobs with £25,000 salary
Car retailer Lookers has launched a new employee trainee programme that will create 80 new sales roles. The six-month ‘Jump Start’ programme will include dedicated classroom and on-the-job training for every candidate, the Greater Manchester-headquartered listed company said. Each candidate also be allocated a dedicated, specially-trained mentor from the start. READ MORE: Digital agency used …
Business
Sky News
New electric cars may be less reliable than petrol and diesel models, survey suggests
New electric cars may be less reliable than petrol and diesel models, according to a survey.A poll by consumer group Which? found that 31% of electric car owners reported a problem with their vehicle in its first four years. That compared with 19% of people with petrol cars, and 29% with diesel cars.The survey also …
Business
Sky News
Roman Abramovich confirms he will sell Chelsea – with all ‘net proceeds’ to benefit victims of Ukraine war
Chelsea owner Roman Abramovich said he will sell the club – with the “net proceeds” going to benefit victims of the war in Ukraine.The Russian billionaire, who took over in 2003, said money generated from his sale of the west London football club will go to a foundation benefiting “all victims of the war in …
Business
Sky News
Sunak faces calls to cut VAT on fuel as retailers defend ‘necessary’ pump price hikes
Petrol retailers have defended the speed of pump price increases and urged the chancellor to help motorists absorb record bills by cutting VAT on fuel.The Petrol Retailers’ Association (PRA) spoke up as the cost of filling up hits new heights on a daily basis in the wake of Russia’s invasion of Ukraine. The action, which …
Business
Evening Standard
Warning to business: be diligent to avoid £1m fines for Russian sanction failures
Business
Sky News
Abramovich slaps £3bn price tag on Chelsea as Russian sets bid deadline
Roman Abramovich has slapped a £3bn price tag on Chelsea Football Club as the Russian tycoon prepares to end his near-two decade ownership of the winners of the Club World Cup.Sky News has learnt that Mr Abramovich’s advisers at The Raine Group were expected to issue letters to prospective bidders on Wednesday, with a deadline …
Business
Sky News
Gas costs surge and oil hits $113 as markets fret over supplies amid Putin’s war
The cost of Brent crude oil and natural gas have surged sharply as markets eye the chance of crucial Russian supplies being cut off – either through tighter Western sanctions or by a defiant President Vladimir Putin.As UK households already fret over wide-ranging hikes to bills, with a leap of almost £700 in the energy …
Business
Sky News
Weaning Europe off Russian energy will highlight cost of Ukraine invasion at home
Russia’s war on Ukraine has sparked many extraordinary developments, among them the sanctions unleashed by the west on Moscow, which have been far more extensive and more rapidly mobilised than anyone could have been expected.Another is the changes it is bringing about in the energy policies of many European countries. Chief among them is Germany …

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