Camelot loses legal bid to stop National Lottery licence handover; UK petrol price at record – as it happened
by Graeme Wearden from on (#60WD0)
Rolling coverage of the latest economic and financial news, as Camelot loses legal bid to prevent the handover of the National Lottery licence to rival Allwyn
- Latest: High Court judge rules control of draw can pass to Allwyn
- Petrol price inexplicably' hits new record
- Recession fears rise as US consumer confidence drops
- UK imposes sanctions on Russian oligarch Vladimir Potanin
- UK shop prices hit highest rate of inflation since 2008
- Low-income households in UK living in year of financial fear' says charity
The surge in commodity inflation and supply problems have hammered British cleaning products maker McBride.
The Oven Pride maker, reported this morning that its bank had waived debt covenant tests until September, as the loss-making group grapples with rising costs and supply chain challenges.
We are fully appreciative of the ongoing support that the banking group have and are continuing to give the group through this period of uncertainty caused by macroeconomic factors which have resulted in rapid and unprecedented rises in input costs and ongoing global supply chain challenges.
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