Driven by food costs, shop prices rise at their fastest rate in 10 years
Shop prices rose at their fastest rate in over a decade last month, new figures show.Retail price annual inflation accelerated...
Business
Russian oligarch calls for end to war but stops short of Putin criticism
Two Russian billionaires hit back at EU sanctions on Tuesday morning, promising to fight the “spurious and unfounded” allegations that...
Shell dumps Russian oil ventures following invasion
Oil titan Shell has announced that it will exit all of its joint ventures with Gazprom, an energy company controlled...
Fund manager Abrdn frustrated in effort to sell Rosneft stake
One of Britain's biggest fund managers has been left unable to sell its shareholding in the Russian state oil giant...
BP to offload its 19.75% stake in state-owned Russian oil giant Rosneft
BP is to offload its 19.75% stake in state-owned Russian oil giant Rosneft "with immediate effect" following the invasion of...
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...
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, leader...
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...
UK flights banned from Russia in retaliation after British sanctions slapped on Aeroflot
UK flights to and over Russia have been banned by the country's civil aviation authority in retaliation for a British...
Oil and gas costs ease and FTSE 100 recovers all Ukraine invasion losses
Asian shares have rallied slightly driven by a US rebound as some analysts said the sanctions imposed by the West...
Ukraine crisis could push annual energy bills above £3,000 for millions, expert warns
A surge in wholesale gas prices after Russia launched its invasion of Ukraine could see annual energy bills soar above...
Oil smashes past $105 in rush to safe havens as Putin pulls trigger on Ukraine
The full scale invasion of Ukraine by Russia has sparked a rush for safe haven assets and sent the cost...
IMF says Sunak should consider raising wealth taxes as inflation indicators ‘flash red’
Rishi Sunak has been urged by the IMF to consider raising taxes on those "who have benefited most from the...
‘Please reflect on the situation’: Poorest will suffer most if wages and prices rise to reflect inflation, BoE governor warns
The governor of the Bank of England has warned that large wage rises and price-setting to reflect surging inflation risk...
Barclays freezes Staley share awards as he fights Epstein probe
Barclays is to freeze millions of pounds in share awards to its former chief executive as he contests the findings...
Oil marches towards $100 a barrel as markets react to Ukraine developments
Stock markets are plunging and Brent crude oil costs are nearing $100 a barrel as the crisis over Ukraine deteriorates.Brent,...
Government move to limit COVID sick pay sparks fury from trade unions
Trade unions have lashed out at the government's decision to limit statutory sick pay for workers who fall ill with...
House prices see ‘biggest leap for 20 years’ as buyers return to city living
The average price tag for a home has shot up by almost £8,000 in the space of a month as...
Spurned Morrisons suitor Fortress plots £5bn takeover of petrol stations giant MFG
An American investment giant is plotting a £5bn takeover of Motor Fuel Group (MFG), Britain's biggest independent operator of petrol...
CBI puts Trainline chairman McBride on track to be its next president
A former boss of Amazon UK is being lined up as the next president of the CBI, Britain's most influential...