LATEST BUSINESS NEWS

Business Secretary Kwasi Kwarteng has announced the Russian oil import phase out as part of further sanctions on Moscow

UK to phase out import of Russian oil by end of 2022 in further invasion sanction

Ofgem announcement

Criticising green agenda in light of higher bills is wrong, Ofgem boss says

Elon Musk

Elon Musk asks judge to throw out court agreement for Twitter posts approval

Electric car charging – London

Buyer demand for electric vehicles slumps amid cost-of-living crisis – report

A woman using a mobile phone

Inquiry to look at whether reforms needed to combat ‘horrifying’ fraud levels

A set of house keys

Increase in borrowers remortgaging homes at end of 2021

Domino’s Pizza store

Domino’s shrugs off inflation and staffing challenges as profits jump

A branch of Santander

Santander increasing interest rate on flagship 123 current account

A Shell petrol station

Shell ‘sorry’ for buying Russian oil last week

Fuel pumps

Drivers suffer highest weekly hike in fuel prices on record

Parked lorries

UK firms overhaul supply chains after Brexit and pandemic cause havoc – ONS

An HM Revenue & Customs sign

UK facing significant EU customs repayments over Chinese import fraud failings

Boohoo models

‘Challenges’ remain as final report on Boohoo supply chain issues published

A tree on a roof

Direct Line reveals claims bill of up to £40m from February storms

KPMG

KPMG and auditor hit with £910,000 in fines after Revolution Bars failures

A branch of Greggs

Greggs warns of further price rises as costs soar

Shoppers in Princes Street, Edinburgh

Retail sales jump in February despite pressure on consumer confidence

A woman holding coins

More than half of women expect to struggle financially in later life – survey