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Clipper Logistics board agrees takeover to drive forward £965m deal
Clipper Logistics is recommending a takeover deal by a US firm in a deal which values the business at £965m. GXO Logistics has reached agreement with the board of Clipper Logistics, an e-fulfilment, fashion and high-value logistics specialist based in Leeds, on a recommended cash and share acquisition. In a Stock Market announcement, the firms …
Business
Sky News
Unleaded petrol tops 150p a litre as Ukraine invasion drives up oil price
The average price of a litre of petrol has topped 150p as Russia’s invasion of Ukraine adds to pressure on the global cost of oil.The average price of unleaded petrol jumped to 151.25p – a new record – on Sunday, with diesel climbing to 154.72p, according to the RAC, the motoring organisation. Its fuel spokesman, …
Business
Business Live
Cornwall’s Verto plans 40 Zero Carbon Smart Home development for Exeter
The UK’s leading sustainable housebuilder Verto is to expand further into Devon and Somerset with the next step to create a new community of Exeter’s first carbon-negative homes. Cornwall-based Verto’s newest development in Pinhoe, which sits on the edge of Exeter, will deliver 40 two-, three-, four- and, five-bedroom Zero Carbon Smart Homes including 10 …
Business
Sky News
BP shares slide after Ukraine invasion prompts exit from Russia
Shares in BP have fallen by 7% after it said it would offload its 19.75% stake in state-owned Russian oil giant Rosneft “with immediate effect” following the invasion of UkraineThe UK-listed energy giant said on Sunday that the move would result in accounting charges of up to $25bn. BP’s decision to offload the stake – …
Business
Euro News
Russia’s pavillion has been banned at MWC 2022. Here is what to expect from the ‘unifying event’
Business
Euro News
Ukraine war: Boris Johnson to introduce proposed new law to crackdown on Russian ‘dirty money’
Business
Sky News
Oil soars back above $105 as Ukraine crisis sanctions intensify
Oil prices have soared again and stock markets have fallen as the Ukraine crisis – and planned sanctions against Russia – intensified.Brent crude surged past $105 a barrel in overnight trading on Monday, nearing the peak seen last week when it hit its highest level since 2014. Russia represents 10% of global oil supply and …
Business
Euro News
Ukraine war: Russia’s Central Bank scrambles to contain sanctions fallout as rouble hits record low
Business
Sky News
Russia hikes key interest rate to 20% after rouble slumps to record low
Russia’s central bank has raised its key interest rate from 9.5% to 20% in an attempt to shore up the rouble after it plunged to a record low.The currency plummeted after Western nations imposed new sanctions on the country for its invasion of Ukraine. The rouble was down nearly 30% against the US dollar at …
Business
Sky News
Kwarteng to meet National Grid chair amid Russian cyber attack threat
Business Secretary Kwasi Kwarteng will this week hold talks with the chair of National Grid amid anticipation of a surge in state-sponsored cyber attacks from Russia.Sky News understands that Paula Rosput Reynolds, who took over as National Grid’s chair last year, will meet with Mr Kwarteng to discuss a range of issues, including the ongoing …
Business
Evening Standard
‘We gave away a third of our shares in our £15 million business to our staff’
Business
Business Live
Firms in Wales set up by women reaches record high
The number of new firms in Wales being set up solely by women has reached a record high. According to a progress report for the UK Government commissioned Rose Review into female entrepreneurship, 4,495 companies were established by all women directors in Wales in 2021 – with more than 140,000 for the UK as a …

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