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Sky News
Airbus pulls out of Russia in another blow to country’s aviation industry
Airbus is the latest corporate giant to dump Russia, pledging on Wednesday to cease its support to the country’s aviation industry.The move follows an announcement by rival plane-maker Boeing on Tuesday evening, which said it was suspending parts, maintenance and technical support to Russia following its full-scale invasion of neighbouring Ukraine. Together with a complete …
Business
Sky News
Oligarch Abramovich looking to sell London homes as sanctions loom, MP claims
Roman Abramovich, the Russian billionaire that owns Chelsea Football Club, is rushing to sell off his property empire in London as sanctions loom large, according to an MP.Chris Bryant, a Labour MP and head of the parliamentary standards committee, said that Mr Ambramovich was taking advantage of the government’s hesitation in sanctioning Russian oligarchs living …
Business
Sky News
Swiss billionaire ‘offered chance to buy Chelsea’ from Abramovich
Swiss billionaire Hansjorg Wyss claims he has been offered the chance to buy Chelsea, as parliament hears that Roman Abramovich is hastily selling his UK properties.The 86-year-old has admitted interest in purchasing the Stamford Bridge club from Abramovich, but only as part of a consortium. Russian-Israeli billionaire Abramovich is understood to want to retain his …
Business
Evening Standard
House prices jump £30,000 in just 12 months says Nationwide
Business
Business Live
Can’t Pay? We’ll Take It Away! debt recovery firm to create 50 jobs
A debt recovery company, which has featured on Channel 5 and Netflix show Can’t Pay? We’ll Take It Away!, is to create 50 jobs at its Cheshire headquarters. DCBL has its main base in Runcorn but also operates from offices in London, Birmingham, Scotland and Wales. The firm has launched its recruitment drive after having …
Business
Business Live
Coventry Engineering eyes up expansion after securing six-figure MEIF loan
A Coventry manufacturer has secured a £400,000 loan to invest in new equipment and create new jobs over the next three years. The funding, from the Midlands Engine Investment Fund (MEIF), will enable Coventry Engineering to move to 24/7 production and create seven new jobs in the coming years. The company brings together three specialist …
Business
Evening Standard
Aviva hands £1000 to staff as it says “thank you”
Business
Business Live
Second home and holiday let rules are changing in Wales
The Welsh Government has announced an increase to the maximum level of council tax premiums for second homes and new local tax rules for holiday lets. These changes are designed to help local people buy in their own communities as house prices spiral – partly driven in many rural and coastal areas by the pressure …
Business
Business Live
Merit Health ramps up work on £66m contract after sealing significant investment
Offsite construction specialist Merit Health is driving forward a £66m contract after securing investment. The Cramlington company, which forms part of Merit Holdings, was launched in October 2020 to recognise its prowess in the health and life sciences sector. Since its launch the firm has won and completed a number of significant projects. Last November …
Business
Sky News
Ryanair boss predicts turbulent year ahead for air industry as oil prices soar
Most airlines will find the coming year “very difficult”, according to the boss of Ryanair, after the price of oil shot above $100 a barrel following Russia’s invasion of Ukraine.  Chief executive Michael O’Leary told Sky News that Ryanair was well prepared for higher oil prices, but said, “I think it’s going to be very difficult …
Business
Business Live
Plymouth-founded Succession Wealth bought by Aviva in £385m deal
A wealth management business founded in Plymouth has been bought by insurance giant Aviva in a £385m deal. Succession Wealth was started in Plymouth in 2008 by founders Paul Morrish and the late Simon Chamberlain, and went on to become the UK’s largest independent wealth management and financial planning business. Although it shifted its national …
Business
Sky News
Apple stops all product sales in Russia as RT and Sputnik removed from App Store
Apple has paused all product sales in Russia in response to the invasion of Ukraine.The move was among a number of measures unveiled by the tech company, including limiting Apple Pay and other services in Russia, and removing state-backed news outlets RT and Sputnik from its App Store outside Russia. It is the latest step …

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