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Business

British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark

A British man wanted in Denmark over a £1.3bn tax case has been arrested in Dubai and now faces extradition. The arrest of hedge...

by admin June 3, 2022
Business

Abu Dhabi state oil giant weighs £5bn bid for Motor Fuel Group

One of the world’s biggest oil producers is contemplating a multibillion pound takeover bid for Motor Fuel Group (MFG), Britain’s biggest independent petrol station...

by admin June 3, 2022
Business

Sheryl Sandberg quits as senior executive at Meta after 14 years

Sheryl Sandberg is stepping down from her post as a senior executive at Meta. She has served as chief operating officer at Facebook’s parent...

by admin June 1, 2022
Business

Whitbread faces pay revolt despite bosses’ decision to forfeit bonuses

The owner of the Premier Inn hotels chain faces a pay row for a second successive year after voting advisors opposed its decision to...

by admin June 1, 2022
Business

Shell’s North Sea Jackdaw gas field gets final regulatory approval

Shell’s North Sea Jackdaw gas field has received final regulatory approval. It comes as the government tries to boost domestic energy output in an...

by admin June 1, 2022
Business

Mike Ashley’s shopping empire buys Missguided in last-minute deal

Frasers Group, the shopping empire founded by Mike Ashley that owns House of Fraser and Sports Direct, has swooped in to save Missguided from...

by admin June 1, 2022
Business

Shop prices growing at fastest rate in more than a decade

Shop prices grew at the fastest rate in more than a decade during May, spurred on by rapidly-accelerating food inflation. The figures come from...

by admin May 31, 2022
Business

Petrol price hits new record after EU ban on Russian oil

Average petrol prices have reached a new record high of 173.02p a litre, figures show, after an EU ban on Russian oil imports. Fuel...

by admin May 31, 2022
Business

Chelsea FC confirms sale to group led by Todd Boehly and Clearlake Capital

Roman Abramovich has completed the sale of Chelsea Football Club to a group led by American businessman Todd Boehly and investment firm Clearlake Capital....

by admin May 30, 2022
Business

Oil prices surge as EU meets to discuss Russian energy ban

Oil prices hit their highest level in more than two months on Monday morning as EU officials gathered in Brussels to debate the best...

by admin May 30, 2022
Business

Foxtons gazumps London rival Chestertons with raid on CEO Gittins

Foxtons has raided rival London estate agent Chestertons to poach its chief executive as it faces pressure from activist shareholders to sell the company....

by admin May 29, 2022
Business

Beckham-backer ABG in talks to seal £300m Ted Baker takeover

The consumer goods giant which owns a controlling stake in David Beckham’s portfolio of branded products is racing to finalise a £300m takeover of...

by admin May 28, 2022
Business

Shell says windfall tax ‘creates uncertainty’ about North Sea oil and gas investment

Shell has said the chancellor’s windfall tax “creates uncertainty” about investing in oil and gas in the North Sea. The tax was announced by...

by admin May 27, 2022
Business

Chancellor’s cost of living package ‘lowers risk of recession’

The chancellor’s cost of living package lowers the risk of a recession, leading economists have said. In its latest forecast, the Bank of England...

by admin May 27, 2022
Business

Windfall tax on oil and gas firms: Rees-Mogg warns Sunak that no tax is ‘economically cost-free’

One of the government’s most loyal ministers has warned that a windfall tax on oil and gas companies will not be “economically cost-free”. The...

by admin May 27, 2022
Business

Sunak unveils £21bn package and U-turns on windfall tax to help Britons ‘hit hard’ by cost of living surge

Eight million of the poorest UK households will receive a one off “cost of living payment” of £650 – and there will be an...

by admin May 26, 2022
Business

Chancellor set to back down over windfall tax and announce discount on energy bills

Chancellor Rishi Sunak is expected to bow to pressure to impose a windfall tax on energy companies when he sets out the government’s latest...

by admin May 25, 2022
Business

More than 90,000 VW drivers in England and Wales will get payouts over ‘dieselgate’

Volkswagen (VW) has reached a £193m settlement with UK drivers involved in a class action lawsuit over the so-called dieselgate scandal in 2015. The...

by admin May 25, 2022
Business

Chelsea FC takeover approved with proceeds going to humanitarian causes in Ukraine

The sale of Chelsea FC has been given approval by the UK government following the proposed takeover by the Todd Boehly / Clearlake Consortium....

by admin May 25, 2022
Business

Energy price cap expected to rise by £830 to £2,800 in October, says Ofgem chief

The UK’s energy price cap is expected to rise in October to around £2,800, Ofgem’s chief executive says. The cap which applies until 31...

by admin May 24, 2022
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