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Sky News
Golden visa scheme used by Russian oligarchs to live in UK will be closed as soon as this week
The golden visa scheme many Russian oligarchs use to live in the UK will be closed as soon as this week, Sky News understands.A government source said the Tier 1 investor visa scheme will be closed by the home secretary, Priti Patel. Those who invest at least £2m in the UK are offered residency through …
Business
Sky News
Golden visas used by Russian oligarchs to live in Britain scrapped over dirty money fears
The golden visa scheme used by bmany Russian oligarchs to live in the UK is now closed to all new applicants, the Home Office has announced.Home Secretary Priti Patel said she made the decision to close it “immediately” on Thursday afternoon “following our review of all those granted” the Tier 1 investor visa. The scheme …
Business
Sky News
Daisy founder Riley seals £210m takeover of telecoms rival XLN
One of Britain’s most successful telecoms entrepreneurs has pulled off his latest transformational deal with the £210m purchase of rival XLN Telecom. Sky News has learnt that Daisy Group, which was founded and is chaired by Matthew Riley, will announce the acquisition of XLN before the end of the week. By adding XLN’s 120,000 small …
Business
Sky News
Wronged Post Office staff must get ‘full, fair’ compensation
All victims of the Post Office Horizon scandal must be given immediate “full, fair and final compensation”, the government has been warned.A new report by a cross-party Business Department Select Committee says it is “unacceptable” that 555 sub-postmasters, who originally brought the case to court, have lost out on money – compared to other victims …
Business
Sky News
Ofgem faces legal hearing over bust energy suppliers’ millions
The energy regulator’s ability to claim hundreds of millions of pounds from the remnants of collapsed suppliers is facing a legal intervention brought by top insolvency professionals.Sky News has learnt that three leading firms of administrators are seeking a court ruling to determine where Ofgem should rank as a creditor in the collapses of a …
Business
Sky News
Ericsson shares tumble as CEO says company may have given money to Islamic State
Shares in Ericsson have tumbled after the chief executive admitted that the Swedish company may have given money to Islamic State terrorists.The company confirmed on Tuesday that an internal investigation had uncovered several serious breaches of its compliance rules in Iraq, leading to the 11% share price drop. These included making payments for transport routes …
Business
Sky News
Heineken expects higher beer prices due to inflation
Heineken, the second largest maker of beer in the world, said on Wednesday that surging inflation may cause it to miss its financial targets.This is because the brewer, which produces beers like Sol, Strongbow, and Heineken, expects to have to increase the price of its beverages, which could lead to people drinking less beer. Although …
Business
Business Live
Lake District restaurant awarded three Michelin stars as other North West winners revealed
A restaurant located on the edge of the Lake District has been awarded three Michelin stars. L’Enclume, which is based in Cartmel, has been honoured in the latest Michelin Guide. The eatery is run by head chef Simon Rogan and is the only restaurant to be upgraded to three stars this year. READ MORE: Matt …
Business
Sky News
Russia says it will retaliate if sanctions imposed by UK over Ukraine crisis
Russia will retaliate if new sanctions are imposed by Britain, according to the country’s foreign minister, Sergei Lavrov.UK ministers last week gained powers to impose tough new sanctions on Russian oligarchs and businesses. But Mr Lavrov, who last week held a stormy meeting with Foreign Secretary Liz Truss, has vowed Moscow will respond to any …
Business
Business Live
Llandudno hub to drive employment and innovation in the hospitality and tourism sectors set to launch
A new multi-purpose hub which aims to drive employment, co-working and innovation in the hospitality and tourism sector is due to open in the heart of Llandudno on March 1. The Hub will be based in Trinity Square and is part funded by the UK Government Community Renewal Fund. Mostyn Estates Ltd and Coleg Llandrillo …
Business
Evening Standard
Rocket man’s “green” hydrogen energy firm floats on AIM at £120m
Business
Evening Standard
Interest rates could jump by half a percent as inflation has economy ‘in a chokehold’

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