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Business

Business

Final whistle for Chelsea bidders as bankers kick out string of offers

A string of bidders for Chelsea Football Club including the former US ambassador to the UK have been eliminated from the £3bn auction of...

by admin March 24, 2022
Business

P&O Ferries chief executive to face questions from MPs

The chief executive of P&O Ferries will face questions from MPs later after the controversial sacking of nearly 800 workers last week. Peter Hebblethwaite...

by admin March 24, 2022
Business

As Sunak chooses to pocket £10bn amid the worst cost of living crisis for years, will he have to return in the autumn with more money?

Budgets – and let’s make no bones about it, today’s Spring Statement was significant enough to qualify as a budget – tend to follow...

by admin March 23, 2022
Business

Change in law signed of by Chris Grayling meant P&O could sack staff without telling govt, maritime lawyer says

A change in the law signed off by former Conservative minister Chris Grayling cleared the way for P&O Ferries to legally sack 800 staff...

by admin March 22, 2022
Business

Four possible measures chancellor may bring in as he prepares another budget under emergency conditions

One of these days, Rishi Sunak will produce a fiscal statement which lays out his vision for the nation. We will hear about his...

by admin March 22, 2022
Business

Gazprom’s UK supply arm faces special administration within days as customers turn their backs

The UK supply arm of Russia’s state-owned gas firm Gazprom is expected to be placed under taxpayer control within days as customers attempt to...

by admin March 22, 2022
Business

Fired P&O Ferries workers ‘forced to sign gagging order in return for redundancy pay’

800 P&O Ferries workers fired suddenly last week are only being given redundancy pay on the condition they sign Non-Disclosure Agreements (NDAs), according to...

by admin March 21, 2022
Business

Sacramento Kings owner Ranadive backs Broughton bid for Chelsea FC

The Indian-born businessman who owns the Sacramento Kings basketball team has joined forces with the former British Airways chairman Sir Martin Broughton in his...

by admin March 20, 2022
Business

Sunak pledges to cut £5.5bn in ‘wasteful’ government spending to tackle cost of living crisis

Rishi Sunak is pledging a £5.5bn crackdown on Whitehall waste as he faces pressure to tackle the cost of living crisis in his mini-budget....

by admin March 19, 2022
Business

Pendragon shareholder Hedin Group in £400m raid on car dealership giant

One of the largest shareholders in Pendragon has been thwarted in a £400m takeover raid on the London-listed car dealership giant. Sky News can...

by admin March 19, 2022
Business

Deadline for Chelsea sale passes – here’s who submitted offers to buy the club

The 9pm deadline for bids to buy Chelsea has passed, with consortiums led by Nick Candy, the Ricketts family and Sir Martin Broughton and...

by admin March 19, 2022
Business

Candy lines up South Korean backing for Chelsea bid

The London property entrepreneur Nick Candy is lining up backing from two South Korean groups as he prepares to lodge a takeover bid for...

by admin March 18, 2022
Business

Two in five households with children to be in fuel poverty. Where will be worst affected?

Two and a half million households with children will be in fuel poverty once the new energy price cap comes into effect on 1...

by admin March 18, 2022
Business

Remaining COVID restrictions for travel to UK scrapped despite rising coronavirus cases

All remaining COVID travel measures, including the Passenger Locator Form and tests for unvaccinated arrivals, have now ended in the UK. A range of...

by admin March 18, 2022
Business

Interest rate hiked and Bank of England warns inflation squeeze will get worse as Ukraine war drives up energy prices

The Bank of England has hiked the interest rate by 0.25% to 0.75% as it forecast inflation surging to 8% next month – and...

by admin March 17, 2022
Business

Ocado puts up prices as costs soar and warns Ukraine war adding to inflation worries

Ocado said it has “moved certain retail prices” to reflect soaring costs faced by the grocery industry across the UK and warned that the...

by admin March 17, 2022
Business

Fed raises rates as US economy eyes heightened inflation spike from Putin’s war

The US central bank has fired the starting pistol on interest rate rises as the world’s largest economy faces up to a surge in...

by admin March 16, 2022
Business

‘Despicable’ companies fined for ‘predatory’ and ‘coercive’ calls to sell insurance to elderly

Five companies that deliberately targeted the elderly with “predatory” and “coercive” marketing calls in order to sell them unnecessary insurance have been fined more...

by admin March 16, 2022
Business

UK bans luxury goods exports to Russia and hikes import tariffs on products – including vodka

The UK government has placed an export ban on luxury goods to Russia and hiked up import tariffs from the country on iconic products...

by admin March 15, 2022
Business

Camelot set to lose licence to run National Lottery after three decades

Camelot is set to lose its licence to run the National Lottery after three decades after rival Allwyn was named preferred bidder to take...

by admin March 15, 2022
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