Business

BP says it is “prioritising” fuel deliveries across its network of branded filling stations as some are hit by the national shortage of HGV and tanker drivers. The company told Sky News that “tens” of its 1,200-strong forecourts were experiencing shortages as a result of delays and it would ensure they got re-stocked first. It

The boss of Iceland has told Sky News the “array” of pressures facing the supermarket sector is a worry but there is no need for customers to panic buy in the run-up to Christmas. The grocery chain’s managing director Richard Walker, who had warned earlier this month that shoppers faced a significant increase in costs

Energy supplier Green has become the latest victim of the crisis engulfing the sector as it collapsed, blaming “unprecedented market conditions and regulatory failings”. Green, which has more than 250,000 customers and 185 staff, confirmed that it would cease trading a day after Sky News revealed that it had lined up advisers to oversee a

The government could end up giving tens of millions of pounds of taxpayers’ money to an American company to help it restart carbon dioxide production at two plants, a minister has told Sky News. Speaking to Kay Burley, Environment Secretary George Eustice said that without the “temporary” agreement with CF Fertilisers there would have been

The government has reached agreement with CF Industries to restart carbon dioxide production at its UK sites following talks between the company and Business Secretary Kwasi Kwarteng. The US firm said last week that it had stopped work at its fertiliser plants at Billingham on Teesside and Ince in Cheshire because of a surge in

Some of the UK’s biggest energy companies could be offered state-backed loans in return for taking on customers from smaller suppliers if they go under, as soaring global gas prices throw the industry into crisis, the business secretary has told Sky News. Speaking to Kay Burley, Kwasi Kwarteng also said that the carbon dioxide shortage

As many as one-in-four UK households receive energy from providers that could face collapse as a consequence of soaring gas prices, industry sources have warned. A 250% increase in prices has exposed providers whose wholesale supplies are not “hedged” or insured against market fluctuations, meaning they can now only fulfil supply deals with customers at

UK energy company Bulb is seeking a bailout to stay afloat amid surging wholesale gas prices with Boris Johnson insisting the issues facing the industry are global. A Bulb spokesperson said: “From time to time we explore various opportunities to fund our business plans and further our mission to lower bills and lower CO2. “Like

The owner of the sushi restaurant chain Yo! will this week take a further step towards a stock market flotation that could come as soon as next month. Sky News understands that The Snowfox Group will hold a presentation for City analysts as it prepares to announce a formal intention to float in London. City

A shortage of carbon dioxide (CO2) gas means Christmas dinners could be cancelled, the owner of the UK’s biggest poultry supplier has said. A steep rise in gas prices has caused two large fertiliser plants in Teesside and Cheshire which produce CO2 as a by-product to shut, hitting supply to the food industry. Ranjit Singh

Northern Ireland has indicated it will follow many of England’s incoming COVID-19 rules on international travel, as holiday firms experience a surge in bookings. The country’s traffic light system for international travel will change from 4 October with a single “red list” of destinations and a “simplified process” for travellers for the rest of the

Travel companies have seen a sharp surge in bookings as the government announced the current traffic light system of red, amber and green countries will be scrapped for England from 4 October. Thomas Cook’s chief executive said customers are “already booking in their droves” following the latest travel changes, with the holiday company experiencing its

Britain’s meat industry is warning of a shortage of carbon dioxide gas without which the food manufacturing process could grind to a halt. Representatives of the industry have been in emergency talks with the government over the crisis which is a knock-on effect of the Europe-wide surge in natural gas prices. CO2 is used to

Sir Clive Sinclair, who popularised the home computer and invented the pocket calculator, has died aged 81. His daughter Belinda Sinclair told The Guardian that her father died at his London home on Thursday morning. Ms Sinclair told the BBC that her father had cancer for more than a decade and was still working on

England’s 20 top-flight football club owners will be required to sign a nine-point plan designed to maintain the competition’s integrity in a bid to avert any future breakaway threat. Sky News has learnt that Premier League clubs were on Thursday sent a final draft of a new “Owners’ Charter” that their controlling shareholders will be

Households are being urged to protect themselves from a surge in energy costs ahead of winter as a fire at a crucial power installation adds to growing worries about affordability in the months ahead. The blaze took out an electricity interconnector on the Kent coast – one of only two – which allows power to

Inflation rose to 3.2% last month from 2% in July – its largest ever recorded increase – the Office for National Statistics (ONS) said. The consumer prices index (CPI) measure of inflation for August was the highest since March 2012 – though the ONS said much of the effect was likely to be temporary. That

Ministers have drafted in a Wall Street banking behemoth to advise on the future of Channel 4 amid a growing battle over the public service broadcaster’s prospective privatisation. Sky News has learnt that Oliver Dowden, the culture secretary, has approved the appointment of JP Morgan to provide corporate finance advice on Channel 4’s remit, ownership

The energy watchdog has moved to reassure customers of two failed household suppliers as wholesale prices hit record levels, threatening a leap in bills in and after the winter months ahead. Ofgem said the demise of Utility Point – first reported by Sky News – and People’s Energy meant their respective customer bases, totalling more

Two-thirds of travel sector employers with staff still on the furlough scheme are planning redundancies once the wage support is removed at the end of the month, the travel association ABTA has warned. The body said a survey of its membership showed that 69% of employers planned to let staff go after 30 September. It