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Second home and holiday let rules are changing in Wales
The Welsh Government has announced an increase to the maximum level of council tax premiums for second homes and new local tax rules for holiday lets. These changes are designed to help local people buy in their own communities as house prices spiral – partly driven in many rural and coastal areas by the pressure …
Business
Business Live
Merit Health ramps up work on £66m contract after sealing significant investment
Offsite construction specialist Merit Health is driving forward a £66m contract after securing investment. The Cramlington company, which forms part of Merit Holdings, was launched in October 2020 to recognise its prowess in the health and life sciences sector. Since its launch the firm has won and completed a number of significant projects. Last November …
Business
Sky News
Ryanair boss predicts turbulent year ahead for air industry as oil prices soar
Most airlines will find the coming year “very difficult”, according to the boss of Ryanair, after the price of oil shot above $100 a barrel following Russia’s invasion of Ukraine.  Chief executive Michael O’Leary told Sky News that Ryanair was well prepared for higher oil prices, but said, “I think it’s going to be very difficult …
Business
Business Live
Plymouth-founded Succession Wealth bought by Aviva in £385m deal
A wealth management business founded in Plymouth has been bought by insurance giant Aviva in a £385m deal. Succession Wealth was started in Plymouth in 2008 by founders Paul Morrish and the late Simon Chamberlain, and went on to become the UK’s largest independent wealth management and financial planning business. Although it shifted its national …
Business
Sky News
Apple stops all product sales in Russia as RT and Sputnik removed from App Store
Apple has paused all product sales in Russia in response to the invasion of Ukraine.The move was among a number of measures unveiled by the tech company, including limiting Apple Pay and other services in Russia, and removing state-backed news outlets RT and Sputnik from its App Store outside Russia. It is the latest step …
Business
Sky News
British Gas owner moves to end gas purchases from Russian suppliers
British Gas owner Centrica says it is planning to cancel its contracts with Russian gas suppliers, including Gazprom, as a matter of “urgency”.The company is attempting to do this voluntarily, as it is not required to end its agreements as part of any sanctions regime – making it an outlier as other energy companies in …
Business
Evening Standard
Revolution Bars reviews use of Russian vodka
Business
Evening Standard
A plan to pay for rebuilding Ukraine with City investments in Russia
Business
Sky News
Protecting his workers or his wallet? Billionaire Russian stays silent on Putin
Mikhail Fridman is one of the gilded handful of super-rich Russians who find themselves under scrutiny following the invasion of Ukraine.One of London’s most prominent and public oligarchs, late on Monday he and his closest associate Petr Aven were placed on a European Union sanctions list accused of profiting from and enabling Vladimir Putin’s regime. …
Business
Sky News
Which company will be next to dump pariah state Russia?
Decisions by BP and Shell to exit their investments in Russia, along with Norway’s $1.3tn sovereign wealth fund and Australia’s $143bn Future Fund, have thrown the spotlight on other major international companies yet to disinvest.BP on Sunday announced it would “exit” its 19.75% stake in Rosneft, the Russian state-controlled oil giant, while on Monday night …
Business
Sky News
Bain and CVC abandon £6bn pursuit of high street chemist Boots
One of the leading contenders to buy Boots, the high street chemist, in a £6bn deal has abandoned its pursuit in a move that could pave the way for a takeover by Asda.Sky News has learnt that a consortium comprising Bain Capital and CVC Capital Partners decided against submitting an offer for Boots last week. …
Business
Sky News
Visa and MasterCard exile Russia from networks
Visa and MasterCard, which together handle 90% of all debit and credit card payments outside of China, have blocked a number of Russian financial institutions from their networks, dealing another heavy blow to the country’s economy. Both companies confirmed that they had moved quickly to comply with US sanctions imposed on Russia following its invasion of …

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