Business

Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt. EY confirmed on Monday morning that its team had chosen Recharge Industries – owned by US investment firm Scale Facilitation Partners – to acquire the “majority of the business and assets” of Britishvolt following its demise last month. The
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London’s FTSE 100 Index has reached an all-time high at 7905 earlier this afternoon. The Financial Times Stock Exchange index of the 100 most valuable companies on the London stock exchange beat the previous record of 7,903.5 set in May 2018. It comes as central banks – including the Bank of England and the US
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The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who have fallen into arrears. Sky News understands the regulator made the request on Thursday after it was revealed that debt collectors working for British Gas had forced their way into the
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Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008. The London-listed company also posted record fourth-quarter earnings of $9.8bn (£7.9bn). The profits – which were even higher than the $38.17bn (£30.8bn) analysts had expected – came thanks to bumper gas prices
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The US central bank has slowed the pace of interest rate hikes further but indicated more rises are likely despite official figures suggesting price pressures have peaked in the world’s largest economy. The Federal Reserve revealed its verdict hours before counterparts in the UK and Europe made their next moves in the battle against inflation
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After Flybe went into administration on Saturday, many travellers will be out of pocket having bought tickets, while others are stranded in their outbound destination. Flybe has told its passengers to “not travel to the airport” unless they have arranged alternative flights with another airline. What are passengers’ rights if your flight is cancelled? Flybe
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