Business

The property developer Nick Candy has promised to give Chelsea fans a seat on its board if his bid to buy the Stamford Bridge club is successful. Sky News has learnt that Mr Candy, 49, will make the proposal a central part of his pitch to buy Chelsea, which he has supported since boyhood. The

Sir Martin Broughton, the British businessman who rescued Liverpool from a bitter boardroom battle a decade ago, is in talks to spearhead a rescue bid for Chelsea as new details emerge about the financial chaos into which last season’s Champions League-winners have been plunged. Sky News has learnt that Sir Martin, a lifelong Chelsea fan,

There’s a warning that “a tsunami of poverty” will hit rural communities if more help isn’t provided to the 14% of British households living without access to mains gas. Many homes in the countryside which rely on oil, bottled gas, coal and wood to heat and cook are facing rapidly rising bills, made worse due

Bidders for Chelsea Football Club have been given extra time to bid for last season’s Champions League winners after the government’s decision to sanction owner Roman Abramovich threw an already-complex firesale into disarray. Sky News has learnt that parties which have joined the process being run by Raine, the New York-based merchant bank, were informed

The AA has raised hope that the record fuel prices, being hit across the UK daily in the wake of Russia’s invasion of Ukraine, will soon start to ease. The motoring group reported that average pump costs for a litre of unleaded on Thursday rose from 159.57p the previous day to 161.06p. Diesel marched upwards

The UK economy grew by a better than expected 0.8% in January, according to official figures as the chancellor faces intense pressure to deliver support to businesses and families to maintain the recovery from the coronavirus crisis. The Office for National Statistics (ONS) reported that the growth was driven by a return to consumer spending

Vladimir Putin has admitted to “problems and difficulties” caused by sanctions after Russia’s invasion of Ukraine but suggested they would be self-defeating for the West. The tightening squeeze on the Russian economy has prompted the rouble to plunge to record lows and ratings agencies to predict that Moscow will default on its debts. But Mr

Roman Abramovich has been sanctioned by the UK government as part of attempts to crackdown on wealthy Russians with assets in the country. The Chelsea Football Club owner is one of seven more Russian oligarchs who have had sanctions placed on them by ministers on Thursday. Last week, Mr Abramovich announced that he intends to

Rishi Sunak must choose to either borrow billions more or allow households to suffer an income squeeze that could be the worst since the 1970s, a leading think-tank has warned. The Institute for Fiscal Studies said the likely impact of the Ukraine crisis on inflation and public finances may force the chancellor to act when

The two British board members of Huawei’s UK subsidiary are to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. Sky News has learnt that Sir Andrew Cahn and Sir Ken Olisa notified the company on Wednesday that they intend to step down from their positions as non-executive directors. City sources

With Heineken and L’Oreal announcing the effective closure of their Russian operations today, the number of Western companies shunning the country continues to grow. Unilever – the Magnum, Domestos and Dove consumer goods titan – has also called a halt on exports to the country. The announcements in Europe came on the back of last