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Studio Retail Group ‘enters administration’ putting 1,400 jobs at risk
In the region of 1,400 jobs are at risk after Studio Retail Group formally entered administration, according to reports. The Lancashire-headquartered online trader has appointed Teneo to lead the process, a report in The Times has said. The group, whose largest shareholder is Mike Ashley’s Frasers Group, issued a statement on Monday, February 14, that …
Business
Evening Standard
The inevitable future scandal coming at Lloyds Bank
Business
Sky News
Boosting UK oil and gas production will not solve energy bill crisis, advisers say
Weaning the UK off fossil fuels, not increasing North Sea production, is the best way to protect consumers from high energy bills, the country’s independent climate advisers have said.The recent energy and cost of living crises sparked calls from a small group of around 20 Conservative MPs to boost domestic oil and gas production. But …
Business
Evening Standard
Lloyds boss Charlie Nunn paid £5.5 million for six month’s work
Business
Evening Standard
WPP worried for 200 Ukraine-based staff
Business
Euro News
Ukraine crisis: How the West’s sanctions on banks are only scratching the surface of Fortress Russia
Business
Sky News
Oil smashes past $105 in rush to safe havens as Putin pulls trigger on Ukraine
The invasion of Ukraine by Russia has sparked a rush for safe haven assets and sent the cost of Brent crude oil well above $100 a barrel for the first time since September 2014.Fears of a wider conflict, additional sanctions and higher inflation arising from President Putin’s order to attack prompted a rush of activity …
Business
Sky News
Oil smashes past $105 and stock markets sink as Putin pulls trigger on Ukraine
Oil has surged past $100 a barrel for the first time, gas prices have climbed 60% higher, and global stock markets have plunged as Russia launched its invasion of Ukraine.Fears of a wider conflict, additional sanctions and higher inflation arising from President Vladimir Putin’s order to attack prompted a rush of activity on global markets, …
Business
Sky News
NATO chief says 100 jets ready to defend allies’ airspace as ‘peace in Europe shattered’
Peace in Europe has been “shattered” by Russia’s invasion of Ukraine and a war is unfolding “on a scale and of a type we thought belonged to history”, the head of NATO has said.“This is a grave moment for the security of Europe,” the organisation’s secretary-general, Jens Stoltenberg, said. He added that Moscow’s attack was …
Business
Sky News
Mini suspends production again due to chip shortage
Mini has temporarily suspended car production at its Oxford factory as a result of the global shortage of semiconductor chips.It is the latest factory shutdown to be caused by the shortage which has hampered the auto industry worldwide over the past year. Production at the Mini plant, in the Cowley area of Oxford, was previously …
Business
Sky News
Mining giant Rio Tinto reveals second largest payout in FTSE 100 history
While tech stocks were among the assets that saw their price hit a record high during 2021, so too were many commodities, among them copper and iron ore.That was good news for mining giants such as Rio Tinto – and today the company revealed just how good. The 149-year old business reported underlying earnings of …
Business
Sky News
Co-operative Bank hires bankers to spearhead renewed bid for consolidation
The Co-operative Bank has hired a leading firm of City advisers to spearhead its attempt to consolidate Britain’s mid-sized banking market.Sky News has learnt that the lender, which has twice come close to collapse during the last decade, has appointed PJT Partners to help scrutinise potential takeover targets. Sources said that PJT’s role would also …

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