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Sky News
Oil soars back above $105 as Ukraine crisis sanctions intensify
Oil prices have soared again and stock markets have fallen as the Ukraine crisis – and planned sanctions against Russia – intensified.Brent crude surged past $105 a barrel in overnight trading on Monday, nearing the peak seen last week when it hit its highest level since 2014. Russia represents 10% of global oil supply and …
Business
Euro News
Ukraine war: Russia’s Central Bank scrambles to contain sanctions fallout as rouble hits record low
Business
Sky News
Russia hikes key interest rate to 20% after rouble slumps to record low
Russia’s central bank has raised its key interest rate from 9.5% to 20% in an attempt to shore up the rouble after it plunged to a record low.The currency plummeted after Western nations imposed new sanctions on the country for its invasion of Ukraine. The rouble was down nearly 30% against the US dollar at …
Business
Sky News
Kwarteng to meet National Grid chair amid Russian cyber attack threat
Business Secretary Kwasi Kwarteng will this week hold talks with the chair of National Grid amid anticipation of a surge in state-sponsored cyber attacks from Russia.Sky News understands that Paula Rosput Reynolds, who took over as National Grid’s chair last year, will meet with Mr Kwarteng to discuss a range of issues, including the ongoing …
Business
Evening Standard
‘We gave away a third of our shares in our £15 million business to our staff’
Business
Business Live
Firms in Wales set up by women reaches record high
The number of new firms in Wales being set up solely by women has reached a record high. According to a progress report for the UK Government commissioned Rose Review into female entrepreneurship, 4,495 companies were established by all women directors in Wales in 2021 – with more than 140,000 for the UK as a …
Business
Business Live
The real Dragons’ Den: Investment boss reveals reality as firm eyes major expansion
The popularity of Dragons’ Den since it returned to our screens last month has proved there is still a healthy appetite to see budding start-ups take their business to the next level. With the addition of entrepreneur Steven Bartlett to the line up, the hit show has been able to reach audiences like never before. …
Business
Sky News
Western allies agree to cut select Russian banks from global financial messaging system SWIFT
Western allies have agreed to remove selected Russian banks from the SWIFT global financial messaging system.In a joint statement, leaders of Europe, UK, US, and Canada, said the move was in response to Vladimir Putin’s decision to invade Ukraine late last week. The group said: “We stand with the Ukrainian government and the Ukrainian people …
Business
Sky News
Convenience store giant McColl’s scrambles to stave off collapse
McColl’s Retail Group, one of Britain’s biggest convenience store chains, is racing to secure new funding to stave off a collapse that could put thousands of jobs at risk.Sky News has learnt that McColl’s is working with advisers on attempts to find a buyer or third parties willing to inject fresh capital into the business. …
Business
Euro News
Ukraine war: Meta restricts Russia from running Facebook ads amid row over media censorship
Business
Sky News
BA cancels all short-haul flights from Heathrow until midday due to ongoing ‘technical issues’
British Airways has said all of its short-haul flights from Heathrow are cancelled until midday today following ongoing “technical issues”.The airline said customers due to travel later today should check their flight status on ba.com before coming to the airport as “we anticipate further disruption during the day”. It said its long-haul services at Heathrow …
Business
Sky News
BA cancels all short-haul flights from Heathrow due to ongoing ‘technical issues’
British Airways said all of its short-haul flights from Heathrow were cancelled this morning following ongoing “technical issues”.The airline said earlier that customers due to travel today needed to check their flight status on ba.com before coming to the airport as “we anticipate further disruption during the day”. It said its long-haul services at Heathrow …

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