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Fuel prices hit new records despite ‘plummeting wholesale costs’
Fuel prices have hit new records as retailers were criticised for failing to reflect “plummeting” wholesale costs.The average price of petrol was 167p a litre on Sunday, compared to 166p on Friday, according to figures from data firm Experian Catalist. Diesel now averages 179p a litre, up from 177p. Please use Chrome browser for a …
Business
Sky News
Wholesale prices of fuel are ‘plummeting’ – so why are prices hitting new records?
Fuel prices have hit new records as retailers were criticised for failing to reflect “plummeting” wholesale costs.The average price of petrol was 167p a litre on Sunday, compared with 166p on Friday, according to figures from data firm Experian Catalist. Diesel now averages 179p a litre, up from 177p. Please use Chrome browser for a …
Business
Sky News
Labour to force emergency vote on workers’ rights after P&O shock sackings
Labour will force an emergency vote in parliament to demand the government takes action to outlaw the so-called fire and rehire of staff after more than 800 P&O workers were sacked on the spot.The party said reports suggest the government was aware of the sackings before they were announced, as well as the plan to …
Business
Sky News
Sacramento Kings owner Ranadive backs Broughton bid for Chelsea FC
The Indian-born businessman who owns the Sacramento Kings basketball team has joined forces with the former British Airways chairman Sir Martin Broughton in his effort to buy Chelsea Football Club.Sky News has learnt that Vivek Ranadive, who made a fortune from the technology industry, has agreed to make a minority investment in the Premier League …
Business
Sky News
CityFibre rollout bolstered by new £300m Abu Dhabi investment
A vast Abu Dhabi-based fund is ploughing another £300m into CityFibre, Britain’s biggest independent provider of full-fibre broadband infrastructure.Sky News has learnt that Mubadala Investment Company, one of the Gulf’s biggest sovereign wealth funds, has agreed to inject the sum into the London-headquartered company. An announcement about the new capital injection, which will help accelerate …
Business
Sky News
Rishi Sunak defends Johnson comparing Ukraine war to Brexit vote
Rishi Sunak has defended Boris Johnson comparing Ukrainians defending their country from Russia with the Brexit vote. The prime minister has received much criticism for his remarks but the chancellor denied to Sky News’ Sophy Ridge on Sunday programme Mr Johnson was comparing the two events. Speaking at the Conservative Party’s spring conference on Saturday, …
Business
Business Live
Kirsty Henshaw on Dragons’ Den, ‘skyrocketing’ sales and expansion plans
A former Dragons’ Den contestant has opened the door for private equity investment with her free-from brand set to “skyrocket” by the end of 2024. Kirsty Henshaw established Kirsty’s from her kitchen table in Preston in 2009 and has now set her sights on reaching a turnover of £25m within the next three years. Despite …
Business
Business Live
SMEs braced for tough times – but prepared to take hit for Ukraine, survey shows
UK small businesses are increasingly feeling the impact of rising costs but are prepared to take the economic hit of the global effort to stop the war in Ukraine, a new survey by Newcastle tech giant Sage has revealed. The survey of more than 1,000 SMEs questioned business owners on a range of subjects at …
Business
Business Live
Meat:Stack reveals location of Leeds burger bar that will create 25 jobs
Meat:Stack has revealed the location of its new 60-seater Leeds restaurant that will create 25 jobs. The Newcastle-founded cheeseburger business will open up on Bishopgate Street in Leeds in the 34 Boar Lane Building which is also home to Indian street food outlet Mowgli and café-bar The Collective. Opening this spring, the restaurant will take …
Business
Sky News
Sunak pledges to cut £5.5bn in ‘wasteful’ government spending to tackle cost of living crisis
Rishi Sunak is pledging a £5.5bn crackdown on Whitehall waste as he faces pressure to tackle the cost of living crisis in his mini-budget.Ahead of his spring statement on Wednesday, the chancellor claims the efficiency savings will both curb inflation and fund vital public services. “During these challenging times it’s vital that every single penny …
Business
Sky News
‘It came down to morals’: Agency worker refuses to board P&O ferry over sacking of 800 staff
P&O Ferries has restarted a limited service two days after sacking 800 crew members without notice in what it says is a cost-cutting exercise.The Dubai-owned travel firm said the Liverpool to Dublin ferry set sail on Saturday morning and has now resumed a normal service. The company’s other ships are still tied up as the …
Business
Sky News
Wall Street titan Goldman Sachs storms into £3bn Chelsea FC auction
Goldman Sachs, the powerful Wall Street investment bank, has stormed into the £3bn auction of Chelsea Football Club as an adviser to one of the leading bidders.Sky News has learnt that Goldman has been signed up to advise the consortium being led by Todd Boehly, one of the owners of the Los Angeles Dodgers baseball …

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