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New managing director for £35m Scunthorpe packaging specialist CorrBoard
Scunthorpe packaging specialist CorrBoard UK has a new managing director. Rob Burgin, formerly general manager for DS Smith Northfields in nearby Louth, will take on the responsibility for the running of the £35 million turnover business, a specialist producer of corrugated sheet board. He is also tasked with “setting the tone for the future strategy” …
Business
Sky News
Food poverty campaigner Jack Monroe warns cost of living crisis will be ‘fatal’ for families
The impact of the cost of living crisis on the “millions of children living in poverty in Britain” will be “fatal”, a prominent campaigner has told MPs.The food writer Jack Monroe said for these children, their “home situations and their family’s financial situations are already untenable.” While giving evidence to the Work and Pensions committee, …
Business
Business Live
Huge 430,000 sq ft B&Q distribution centre build starts in South Yorkshire
Work has begun on a 430,000 sq ft warehouse and distribution centre for B&Q in South Yorkshire. County-based GMI Construction Group has been appointed as principal contractor to deliver the seasonal facility for the DIY giant at Symmetry Park, beside Junction 34 of the A1. B&Q has already agreed a 15-year lease on the bespoke …
Business
Business Live
Regulator voices ‘serious concerns’ with water suppliers’ sewage works
Water regulator Ofwat has said it has “serious concerns” over the sewage treatment works of five water suppliers. Anglian Water, Northumbrian Water, Thames Water, Wessex Water and Yorkshire Water submitted reports in December which worried the regulator, it said. Ofwat interim boss David Black said: “The data that emerged at the end of last year …
Business
Sky News
Mothercare eyes big sales hit as it joins list of brands halting business in Russia
Mothercare, the retailer of products for young children and their parents, has joined the list of multi-national companies halting business in Russia and warned it will be taking a big financial hit in the process.The company revealed on Wednesday morning that its decision to suspend operations would result in a hit of up to a …
Business
Sky News
‘Every penny paid to Russia turns into bullets and projectiles’: Zelenskyy thanks the US for Russian oil ban
Ukraine’s President Volodymyr Zelenskyy has thanked US President Joe Biden following his announcement of a ban on Russian oil imports.President Biden said America’s latest move to punish Mr Putin over his invasion of Ukraine – which will also stop gas imports – targeted the “main artery of Russia’s economy”.Britain is to phase out Russian oil …
Business
Sky News
Criminal offence for any Russian plane to enter UK airspace, says transport secretary
The government has made it a criminal offence for any Russian aircraft to enter UK airspace.Foreign Secretary Liz Truss also announced a ban on the export of aviation and space-related goods and technology and on UK companies providing insurance and re-insurance services in relation to these. On Tuesday Transport Secretary Grant Shapps sent a letter …
Business
Euro News
5G and a ‘budget-friendly’ iPhone SE: All you need to know as Apple releases its latest products
Business
Evening Standard
M&G boss John Foley on Ukraine crisis: ‘It’s a new shade of bad’
Business
Sky News
‘Defending freedom will cost’: US bans Russian oil and gas imports and UK will stop using Russian oil this year
US President Joe Biden has banned Russian oil and gas imports, calling it a “powerful blow” to “Putin’s war” – and the UK has said it will stop importing Russian oil by the end of this year.Mr Biden vowed “to keep pressure mounting” on Vladimir Putin and his “war machine” over the invasion of Ukraine. …
Business
Business Weekly
$42m invested in new Cambridge Covid vaccine
DIOSynVax, a University of Cambridge spin out is to receive $42 million to develop a vaccine candidate that could provide protection against both existing and future variants of SARS-CoV-2 – the virus that causes COVID-19 – as well as other major coronaviruses, including those that cause SARS and MERS. The investment is from the Coalition …
Business
Sky News
Why nickel’s spectacular surge could put the brakes on carmakers’ electric plans
While many people – consumers and investors – focus on the impact on energy prices from Vladimir Putin’s invasion of Ukraine, the reaction has been just as violent in the prices of many other commodities.The price of copper, just about the most important industrial metal hit an all-time high of $10,070 per tonne on the …

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