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Evening Standard
No end in sight for inflation as 8 in 10 factories predict more price rises
Business
Sky News
Gazprom UK trading arm’s chiefs seek buyout as insolvency looms
Executives at Gazprom’s British trading arm have approached the Russian state-backed energy company about a management buyout as it teeters on the brink of insolvency.Sky News has learnt that senior managers at Gazprom Marketing & Trading Retail, which supplies commercial customers including hospitals and local authorities across the UK, are hatching plans to acquire the …
Business
Evening Standard
Rishi Sunak: A good chancellor, all for reasons he hates
Business
Business Live
NatWest to offer ‘buy now pay later’ option to customers
NatWest is planning to enter the buy now, pay later (BNPL) market, meaning customers will be able to split purchases into several repayments. BNPL options often appear at online checkouts and they can help people avoid paying interest on their borrowing. NatWest said its proposition, which will launch in the summer, will give people the …
Business
Sky News
Replacing sacked P&O workers with £1.80-an-hour agency staff is ‘illegal’, union head says
The way P&O sacked 800 staff with the aim of replacing them with overseas agency staff was “illegal” and “one of the most shameful incidents in British industrial relations”, a trade union leader has told Sky News.Frances O’Grady, head of the Trades Union Congress, also called for the P&O Ferries staff sacked via Zoom on …
Business
Business Live
Screwfix owner removes Russian products as profits soar to £1bn
The parent company of Screwfix and B&Q has said it has removed Russian and Belarusian products from its shelves since the start of the war in Ukraine, as it reported soaring profits of more than £1bn. Kingfisher, which also owns DIY stores in France, Poland, Iberia and Romania, said it was in discussions with suppliers …
Business
Business Live
Plans for Wiltshire wartime airbase RAF Yatesbury submitted to county council
A plan to preserve an historic wartime airbase in Wiltshire by transforming the site into a neighbourhood of sustainable homes is being described as “the last chance to save it”. South Gloucestershire-based developer Stonewood Partnerships has submitted a planning application to Wiltshire Council for a scheme of 43 low-energy homes in and among refurbished buildings …
Business
Sky News
Sub-postmasters who launched Horizon scandal legal fight secure extra compensation
The Treasury has revealed that sub-postmasters who helped uncover the Post Office Horizon IT scandal are to secure additional compensation after their payouts were dwarfed by legal fees.Chancellor Rishi Sunak announced the move in the wake of a story by Sky News on Monday that the so-called ‘forgotten’ 555 victims would benefit from a new …
Business
Evening Standard
Hedge funds line up lawsuits over nickel market chaos
Business
Sky News
Fuel prices drop slightly for first time this month
Average fuel prices have dropped for the first time this month, according to the RAC.The average cost of a litre of petrol at UK forecourts on Monday was 166.6p, down from 167.0p the day before, according to figures from data firm Experian Catalist. The price of a litre of diesel fell from an average of …
Business
Business Live
Yu Energy says it is benefiting from higher tariffs caused by rising commodity market prices
The boss of commercial supplier Yu Energy said he expects it to remain in profit as it deals with the consequences of spiralling energy prices. Bobby Kalar, chief executive of the Nottingham-based independent supplier of gas, electricity and water to the UK corporate sector, said the business had not only “weathered the storm” but “blown …
Business
Business Live
Yorkshire.com website put up for sale by Welcome to Yorkshire administrators
Website domains, a magazine and awards linked to the former Welcome to Yorkshire tourist board have been put up for sale after the organisation went into administration. Welcome to Yorkshire closed down in March after a string of issues led to councils withdrawing funding. Now administrators are offering the business and its assets – including …

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