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Business

Chelsea FC sale: Clearlake stake in Blues to be reduced in restructured deal

The American private equity firm financing the preferred bid to buy Chelsea Football Club will take a reduced stake in the Blues under a...

by admin May 4, 2022
Business

P&O ferry Pride of Kent detained at Dover after failing inspection for third time

The Pride of Kent, a P&O ferry, has failed its reinspection by authorities. The Maritime and Coastguard Agency (MCA) said: “The Pride of Kent...

by admin May 3, 2022
Business

Oil majors to reap £11.6bn unexpected wartime profits on UK fossil fuels, Greenpeace projects

A spike in oil and gas prices triggered by the Ukraine war could see energy giants enjoying unexpected, additional profits of £11.6bn this year...

by admin May 3, 2022
Business

Germany ‘not against’ ban on Russian oil – as EU considers the move in latest sanctions

Germany would be ready to back a European Union ban on Russian oil imports, two senior ministers have suggested. The comments came as EU...

by admin May 2, 2022
Business

Fancy 20 hours in the air? Non-stop Sydney to London route to be world’s longest flight

Travellers will be able to fly non-stop from Sydney to London after Qantas announced the world’s longest direct commercial flight. The airline said the...

by admin May 2, 2022
Business

Menopausal symptoms ‘forcing one in 10 women in the UK to quit their job’

One in 10 women who have worked during the menopause have left a job due to their symptoms, a survey has found. The survey...

by admin May 1, 2022
Business

Preferred Chelsea bidder offers Premier League reassurance over investors

The American investment firm backing the preferred bidder for Chelsea Football Club has provided assurances about the identities of its underlying investors as it...

by admin May 1, 2022
Business

North Sea oil and gas firms face govt pressure to invest profits into home-grown energy to ‘bring down bills’

North Sea oil and gas companies have come under pressure from the government to invest their profits into accelerating domestic energy production as millions...

by admin April 30, 2022
Business

Former Sports Direct auditors braced for £2m fine over Ashley disclosures

The former auditors of Mike Ashley’s high street empire are in advanced talks about a multimillion-pound fine that would bring an end to a...

by admin April 30, 2022
Business

Chelsea FC sale: Boehly-led group set for exclusive talks to clinch £4bn deal

A Californian private equity firm has edged closer to becoming the new majority-owner of Chelsea Football Club after securing a period of exclusivity to...

by admin April 29, 2022
Business

‘A British bid, for a British club’: Sir Jim Ratcliffe tables last-minute £4.25bn offer for Chelsea FC

Sir Jim Ratcliffe has tabled a last-minute £4.25bn bid to buy Chelsea. The Ineos boss is understood to have held talks with chairman Bruce...

by admin April 29, 2022
Business

Energy-intensive industries secure more financial support amid record costs

Additional financial support has been announced for industry using high quantities of electricity as costs hit record highs and harm competitiveness. The government said...

by admin April 28, 2022
Business

Chelsea bidders hit with demand for extra funds to secure £2.5bn charity windfall

The final three suitors for Chelsea Football Club have been handed an eleventh-hour demand to stump up £500m more to buy last season’s Champions...

by admin April 28, 2022
Business

Facebook parent Meta reports weakest revenue growth for a decade as ad sales suffer

Facebook’s parent company has reported its weakest revenue growth for a decade but witnessed a recovery in its share price following a torrid 2021...

by admin April 27, 2022
Business

Russia accused of blackmailing Europe as it cuts off gas supplies to two countries

Russia is suspending natural gas supplies to Poland and Bulgaria. Gas deliveries through the Yamal-Europe pipeline are set to come to a halt on...

by admin April 26, 2022
Business

P&O ferry faces fresh safety inspection after power failure scare in Irish Sea

Three lifeboats have been launched to help a P&O ferry that has developed a “mechanical issue” in the Irish Sea. The European Causeway “lost all power”,...

by admin April 26, 2022
Business

National debt interest payments rise to record £70bn

Interest payments on the national debt rose to their highest level ever last year, as the UK’s public finances reel from the huge cost...

by admin April 26, 2022
Business

EU firms lost greater volume of trade than UK exporters after Brexit, report finds

The first year of the UK’s post-Brexit trade agreement with the European Union (EU) saw firms on the continent lose a greater percentage volume...

by admin April 25, 2022
Business

Oil and stocks plunge as China COVID crisis grips financial markets

Oil prices have hit near two-week lows, with analysts pointing to events in China and the US as possible reasons for a fall in...

by admin April 25, 2022
Business

Sunak to court City heavyweights at £10,000-a-table Tory fundraiser

Rishi Sunak will this week attempt to put his recent political troubles behind him when he courts City figures at a Conservative donors’ dinner...

by admin April 24, 2022
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