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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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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 …
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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, …
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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, …
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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 …
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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 …
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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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Car insurance to loans group Admiral post strong financials for 2021
Car insurance to loans group Admiral had posted a rise in profits and revenues buoyed by a strong performance in the UK vehicle insurance marketplace. The FTSE 100 firm, headquartered in Cardiff and which employs more than 7,500 across South Wales, has post pre-tax profits for 2021 of £769m, up 26% on 2020. Revenues were …
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Ex-boss of Princess Yachts launches boat design and refit firm in Plymouth
The former boss of luxury boat-maker Princess Yachts has launched a new motor yacht design and refit specialist company in Plymouth. Chris Gates, who stepped down as managing director of Plymouth’s Princess Yachts in 2019 after 11 years in charge and 30 at the firm, now runs Setag Yachts. The company, incorporated in December 2020, …
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Car retail giant Lookers to create 80 jobs with £25,000 salary
Car retailer Lookers has launched a new employee trainee programme that will create 80 new sales roles. The six-month ‘Jump Start’ programme will include dedicated classroom and on-the-job training for every candidate, the Greater Manchester-headquartered listed company said. Each candidate also be allocated a dedicated, specially-trained mentor from the start. READ MORE: Digital agency used …
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New electric cars may be less reliable than petrol and diesel models, survey suggests
New electric cars may be less reliable than petrol and diesel models, according to a survey.A poll by consumer group Which? found that 31% of electric car owners reported a problem with their vehicle in its first four years. That compared with 19% of people with petrol cars, and 29% with diesel cars.The survey also …
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Sky News
Roman Abramovich confirms he will sell Chelsea – with all ‘net proceeds’ to benefit victims of Ukraine war
Chelsea owner Roman Abramovich said he will sell the club – with the “net proceeds” going to benefit victims of the war in Ukraine.The Russian billionaire, who took over in 2003, said money generated from his sale of the west London football club will go to a foundation benefiting “all victims of the war in …

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