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Plymouth branding company Mandarin acquired by US licensing giant
A US firm described as the “future of licensing’ and which works with some of the world’s most famous companies has acquired Plymouth branding and clothing company Mandarin International Brands. American e-commerce giant Trevco said is predicting “European domination” after Taking over the Estover-based company. Trevco, which styles itself a US market leader in e-commerce, …
Business
Sky News
‘Excellent slate of movies’ helps Cineworld revenue hit pre-pandemic levels in UK and Ireland
Cineworld, the world’s second-largest cinema chain, has reported that revenue has topped pre-pandemic levels in the UK and Ireland thanks to an “excellent slate of movies”.The company, which was heavily criticised by staff at the height of the public health emergency when it closed down screens, reopened in April in the hope that a backlog …
Business
Sky News
Ride-hailing app Bolt ‘lets drivers name their price’ after Uber’s 10% London hike
Bolt, the ride-hailing app, is to give its drivers the ability to set their own prices for journeys in a bid to “create a better functioning marketplace”.The company, which has 65,000 drivers on its books in the UK, said customers would be able to pick the driver of their choice from a list of advertised …
Business
Sky News
Real Living Wage rise takes effect ahead of predicted spike in inflation
More than 300,000 workers are set to receive a pay rise after higher rates were announced for the Real Living Wage, the voluntary rate paid by thousands of employers.The Living Wage Foundation, which sets the rates, said the new hourly rate would be £11.05 in London and £9.90 outside the capital. They amount to increases …
Business
Sky News
US-based Sun Communities in £900m swoop on staycations giant Park Holidays
A US-listed real estate investment trust has won a hotly contested auction of one of Britain’s biggest holiday resort operators in a knockout deal that underlines the sector’s post-pandemic boom.Sky News has learnt that Sun Communities has agreed to pay in the region of £900m for Park Holidays, which owns more than 30 sites in …
Business
Business Live
‘Young pretender’ KOMI Group targets social publishing giants as headcount and revenue set to double
A “young pretender” to social publishers such as LadBible and UniLad is on course to double its headcount and revenue in 2022 as it gears up for “scalable growth”. Ancoats firm KOMI Group was established in 2016 by Andrew Trotman, Ryan Williams and Matt Thomas after first connecting through direct messages on Twitter. The company …
Business
Sky News
Tory peer Cruddas plots £800m break-up of financial markets firm CMC
Lord Cruddas, the Conservative peer, is exploring a surprise break-up of CMC Markets, the financial spread-betting firm he founded 32 years ago, into two separately listed companies.Sky News has learnt that the board of CMC could announce within days that it has begun work on the potential split. City sources said this weekend that if …
Business
Business Live
Construction specialist Merit appointed to £66m pioneering pharma facility
A Cramlington construction pioneer has been appointed to a £66m project to create a facility driving forward next generation cancer treatments. Offsite construction firm Merit, a former North East Company of the Year, has been appointed as the main contractor for the construction of the UK’s first CAR-T cell manufacturing facility in Stevenage. Autolus Therapeutics, …
Business
Business Weekly
AstraZeneca builds back bolder with new vaccines business
While analysts fixated on the figures, Cambridge’s A-list Big Biotech AstraZeneca unveiled a panoramic vision for global growth that will result in the creation of a new vaccine business, enhanced cash generation from selling its Covid-19 jabs to countries who can afford to pay and fresh initiatives to leverage a stunning portfolio. Unveiling its year-to-date …
Business
Business Live
Arriva Cymru bus driver strike will start on Sunday after last ditch talks collapsed
A five week strike by Arriva Cymru bus drivers will start on Sunday after last ditch talks collapsed this evening without a deal. Arriva Cymru (Buses Wales) expressed disappointment as it confirmed the action will halt all but a handful of services in North Wales and Chester. The Arriva Midlands services 2, 2A and 2C …
Business
Business Live
Morrisons backs ‘seaweed for cattle’ trial in push to cut emissions
Supermarket chain Morrisons is backing a trial which will see cattle on British and Irish farms fed seaweed as part of a project aimed at cutting their methane emissions by almost a third. The trial, which is being led by academics from Queen’s University, Belfast, will involve seaweed harvested from the Irish and North seas …
Business
Business Live
From zero to £4bn turnover in 15 years: the rise of Vertu Motors
“All bad things are a blessing in disguise, I find,” Robert Forrester says. “Out of challenging times come better times.” He would know. In 2006 he was busy turning redundancy into what would become a multi-billion turnover, North East headquartered Plc, employing thousands of people. He had been financial director of Reg Vardy during its …

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