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Derby County hope to name preferred bidder soon after EFL says club has enough cash to keep going – for now
The administrators of Derby County say they hope to be able to name their preferred bidder soon as conversations with prospective buyers continue. It comes after the ELF said it understood the club had enough cash to trade until the end of the season. Derby has faced months of turmoil after going into administration in …
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Sky News
Activist raider Elliott snaps up UK mortgage group Enra in £350m deal
Elliott Advisors, the feared activist investment fund, has agreed a £350m swoop on Enra Group, a specialist UK provider of mortgage finance.Sky News understands that Elliott, which was founded by Paul Singer, one of Wall Street’s most prominent figures, is close to announcing the acquisition of the Watford-based company. Enra was put up for sale …
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Sky News
Billionaire ex-Arsenal shareholder and former Russian deputy PM hit with sanctions by UK
A former major shareholder in Arsenal FC and Russia’s ex-deputy prime minister have become the latest oligarchs to be sanctioned by the UK, the Foreign Office said.Foreign Secretary Liz Truss said Alisher Usmanov, who owned more than 30% of Arsenal before selling up to current owner Stan Kroenke in 2018, has been sanctioned. He then …
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Sky News
Co-op removes Russian vodka brand from sale over Ukraine invasion
Co-op supermarket has removed a Russian vodka brand from sale with immediate effect “as a sign of solidarity with the people of Ukraine”.Russian Standard vodka, which is distilled in St Petersburg, will no longer appear on shelves at Co-op, the company has announced. A Co-op spokesperson said: “In response to the ongoing invasion of Ukraine by …
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Sky News
The inflation index signalling a 1970s-style leap in prices is looming large
The impact of Vladimir Putin’s war on Ukraine on oil and gas prices is now very apparent.The price of Brent crude surged to $119.84 a barrel on Thursday – a level last seen on 1 May 2012 – while the price of wholesale gas remains close to the record highs it hit just before Christmas …
Business
Sky News
London Stock Exchange suspends 28 companies linked to Russia
The London Stock Exchange (LSE) has suspended trading for 28 companies linked to Russia after crushing sanctions on the country were put in place following its invasion of neighbouring Ukraine last week.The market said it was “closely monitoring” the impact of the conflict and was “actively engaging” with regulators and authorities over relevant sanctions, according …
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Sky News
Macquarie to clinch £900m takeover of motorway services giant Roadchef
A former owner of Moto is closing in on a £900m takeover of Roadchef, another of Britain’s biggest operators of motorway service stations.Sky News has learnt that Macquarie, the Australian financial services giant, has agreed a deal to buy Roadchef from Antin Infrastructure Partners. City sources said on Thursday that a deal was likely to …
Business
Sky News
Oligarchs have megayachts seized by France and Germany after being sanctioned
France has seized the vessel of Igor Sechin, a long-time ally of Vladimir Putin and the boss of Rosneft, one of the largest oil companies in Russia.The Amore Vero, a luxury megayacht built in 2013, was seized by French authorities on Thursday morning in the dockyard of La Ciotat, a port on the Mediterranean coast, …
Business
Sky News
Megayacht belonging to long-time ally of Vladimir Putin seized
France has seized the vessel of Igor Sechin, a long-time ally of Vladimir Putin and the boss of Rosneft, one of the largest oil companies in Russia.The Amore Vero, a luxury megayacht built in 2013, was seized by French authorities on Thursday morning in the dockyard of La Ciotat, a port on the Mediterranean coast, …
Business
Business Live
British Steel submits plans for £26m Special Profiles site expansion
Plans for a £26 million upgrade of British Steel’s Special Profiles business in the North East have been submitted for planning approval. The proposals for the Skinningrove site, which were first revealed in August, will see cut-to-length lines, product milling, machining and warehousing operations added. It will allow the Scunthorpe-headquartered business to make and process …
Business
Sky News
UK could spend £6.3m a day on Russian gas this year, think tank warns
The UK is at risk of spending billions of pounds on Russian gas imports this year, potentially funding its war in Ukraine, an energy think tank has warned.The UK uses relatively little Russian gas, but it still accounts for about 6-7% of total imports, and about 4% of UK gas demand, having risen from almost …
Business
Business Live
Welsh Government update on planning and enforcement appeals backlog
Welsh Government has given an update on the planning and enforcement appeals backlog that is impacting firms in Wales. Last year the staff and functions of Planning Inspectorate Wales transferred from English to Welsh Governments. It saw a new division called Planning and Environment Decisions Wales (PEDW) set up but it wasn’t a smooth switch …

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