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25.02.2022 - 10:42
Business
Sky News
John Lewis scraps ‘Never Knowingly Undersold’ price pledge
John Lewis is to ditch its long-held “Never Knowingly Undersold” price pledge with the rise of online retailers such as Amazon and changing shopping habits.The department store giant said the commitment, first introduced in 1925, hailed from a different era and would be “retired” this summer. The promise means the employee-owned business matches prices on …
25.02.2022 - 10:27
Business
Business Live
Howdens unveils East Yorkshire expansion plans as £2b business builds to grow
A three year plan to increase scale and scope of manufacturing by Howdens in East Yorkshire has been revealed, with two huge new build projects being pursued. The moves are likely to bring in scores of new jobs, if not hundreds. An initial £10 million investment in land was outlined as the FTSE-250 listed kitchen …
25.02.2022 - 10:25
Business
Business Live
No current plans for follow up review into how more than one billion PPE pandemic items were procured, says Audit Wales
Audit Wales says it currently has no plans to conduct a fresh investigation into spending on and the procurement of pandemic-related personal protection equipment (PPE) in Wales. The independent public body, which examines how public money is spent, said it was content with its report Procurement and Supply of PPE during the Covid-19 pandemic”, published …
25.02.2022 - 09:41
Business
Business Live
Race to Net Zero: Key Labour MP asks if Government is running quickly enough
BEIS Select Committee chair Darren Jones has outlined his concerns around a “chronology crunch” in the race to Net Zero. Taking in the huge strides being made on the Humber, the Labour MP for Bristol North West, told of his fears that policy and strategy from Westminster is not being matched by public investment elsewhere …
25.02.2022 - 09:33
Business
Business Live
St James’s Place posts record results and eyes future growth
Wealth management firm St James’s Place has announced record results for the latest financial year. The FTSE 100 company, which is headquartered in Cirencester in Gloucestershire but has offices around the UK, said funds under management reached an all-time high of £154bn in 2021. Its underlying cash result was £401.2m for the year, jumping from …
25.02.2022 - 09:26
Business
Business Live
Northern Ireland investment conference planned to woo investors
The Department for the Economy is holding a one day investment conference in Belfast despite recent curbs on the support offered by investment agency Invest Northern Ireland. The Northern Ireland Showcase will hear from indigenous businesses and current investors about their experience of doing business in the province at an in-person event in the International …
25.02.2022 - 08:54
Business
Sky News
UK flights banned from Russia in retaliation after British sanctions slapped on Aeroflot
UK flights to and over Russia have been banned by the country’s civil aviation authority in retaliation for a British ban on Aeroflot in UK airports and airspace.Rosaviatsiya said that all flights by UK carriers to Russia as well as transit flights are banned from Friday. It is acting, it said, in response to the …
25.02.2022 - 08:03
Business
Sky News
Russian Grand Prix cancelled after country stripped of Champions League final
Formula One has cancelled the 2022 Russian Grand Prix and expressed ‘sadness and shock’ over the invasion of Ukraine.In a statement, the sport’s bosses said: “The FIA Formula One World Championship visits countries all over the world with a positive vision to unite people, bringing nations together. “We are watching the developments in Ukraine with …
25.02.2022 - 07:01
Business
Sky News
Global markets claw back ground amid Ukraine invasion turmoil
Markets around the world have staged a tentative recovery after shares globally plummeted following Vladimir Putin’s invasion of Ukraine.Oil prices also rose again in response to supply concerns after the Kremlin launched its deadly assault, with the cost of Brent crude just shy of $102 (£76) a barrel, before falling back to below $99 (£74). …
25.02.2022 - 07:01
Business
Sky News
Oil and gas costs ease and FTSE 100 recovers all Ukraine invasion losses
Oil and gas prices have fallen back while the FTSE 100 has recovered the value it lost during its worst day since June 2020, triggered by Russia’s invasion of Ukraine.The cost of Brent crude returned to levels before the Kremlin attack at $97 a barrel – down from a widely-traded high of $105bn on Thursday …
24.02.2022 - 13:26
Business
Sky News
Rises in prices of bread, diamonds, gas: How will Russia’s invasion of Ukraine affect the UK?
Russia’s invasion of Ukraine will not only affect the eastern European nation but the UK will also feel repercussions.Boris Johnson said the invasion is a “catastrophe for our continent” after Russian tanks rolled into Ukraine on Thursday morning. The attacks may be in a country more than 1,000 miles away from the UK but the …
24.02.2022 - 13:11
Business
Euro News
Ethereum’s Russian-born co-founder Vitalik Buterin slams Kremlin calling Ukraine invasion ‘a crime’
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