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Sky News
Sunak faces calls to cut VAT on fuel as retailers defend ‘necessary’ pump price hikes
Petrol retailers have defended the speed of pump price increases and urged the chancellor to help motorists absorb record bills by cutting VAT on fuel.The Petrol Retailers’ Association (PRA) spoke up as the cost of filling up hits new heights on a daily basis in the wake of Russia’s invasion of Ukraine. The action, which …
Business
Evening Standard
Warning to business: be diligent to avoid £1m fines for Russian sanction failures
Business
Sky News
Abramovich slaps £3bn price tag on Chelsea as Russian sets bid deadline
Roman Abramovich has slapped a £3bn price tag on Chelsea Football Club as the Russian tycoon prepares to end his near-two decade ownership of the winners of the Club World Cup.Sky News has learnt that Mr Abramovich’s advisers at The Raine Group were expected to issue letters to prospective bidders on Wednesday, with a deadline …
Business
Sky News
Gas costs surge and oil hits $113 as markets fret over supplies amid Putin’s war
The cost of Brent crude oil and natural gas have surged sharply as markets eye the chance of crucial Russian supplies being cut off – either through tighter Western sanctions or by a defiant President Vladimir Putin.As UK households already fret over wide-ranging hikes to bills, with a leap of almost £700 in the energy …
Business
Sky News
Weaning Europe off Russian energy will highlight cost of Ukraine invasion at home
Russia’s war on Ukraine has sparked many extraordinary developments, among them the sanctions unleashed by the west on Moscow, which have been far more extensive and more rapidly mobilised than anyone could have been expected.Another is the changes it is bringing about in the energy policies of many European countries. Chief among them is Germany …
Business
Sky News
Airbus pulls out of Russia in another blow to country’s aviation industry
Airbus is the latest corporate giant to dump Russia, pledging on Wednesday to cease its support to the country’s aviation industry.The move follows an announcement by rival plane-maker Boeing on Tuesday evening, which said it was suspending parts, maintenance and technical support to Russia following its full-scale invasion of neighbouring Ukraine. Together with a complete …
Business
Sky News
Oligarch Abramovich looking to sell London homes as sanctions loom, MP claims
Roman Abramovich, the Russian billionaire that owns Chelsea Football Club, is rushing to sell off his property empire in London as sanctions loom large, according to an MP.Chris Bryant, a Labour MP and head of the parliamentary standards committee, said that Mr Ambramovich was taking advantage of the government’s hesitation in sanctioning Russian oligarchs living …
Business
Sky News
Swiss billionaire ‘offered chance to buy Chelsea’ from Abramovich
Swiss billionaire Hansjorg Wyss claims he has been offered the chance to buy Chelsea, as parliament hears that Roman Abramovich is hastily selling his UK properties.The 86-year-old has admitted interest in purchasing the Stamford Bridge club from Abramovich, but only as part of a consortium. Russian-Israeli billionaire Abramovich is understood to want to retain his …
Business
Evening Standard
House prices jump £30,000 in just 12 months says Nationwide
Business
Business Live
Can’t Pay? We’ll Take It Away! debt recovery firm to create 50 jobs
A debt recovery company, which has featured on Channel 5 and Netflix show Can’t Pay? We’ll Take It Away!, is to create 50 jobs at its Cheshire headquarters. DCBL has its main base in Runcorn but also operates from offices in London, Birmingham, Scotland and Wales. The firm has launched its recruitment drive after having …
Business
Business Live
Coventry Engineering eyes up expansion after securing six-figure MEIF loan
A Coventry manufacturer has secured a £400,000 loan to invest in new equipment and create new jobs over the next three years. The funding, from the Midlands Engine Investment Fund (MEIF), will enable Coventry Engineering to move to 24/7 production and create seven new jobs in the coming years. The company brings together three specialist …
Business
Evening Standard
Aviva hands £1000 to staff as it says “thank you”

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