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Verisure adds 100 jobs to Tyneside base on route to creating 1,000-strong workforce
A European company has added 100 staff at its Tyneside base, putting it well on track to creating 1,000 North East jobs within a decade of setting up in the region. Alarm company Verisure expanded with the opening of a Centre of Excellence at the Quorum business park in North Tyneside in April 2020, just …
Business
Business Live
Huge industrial site sold for £7.2m as property investor enters North West market
A huge industrial site in Greater Manchester has been sold for £7.2m to a property investor which owns business parks, shopping centres and large commercial buildings across the Midlands. The self-contained manufacturing and warehouse facility known as No 2 Works, on the Kenwood Road Industrial Estate in Reddish, measures more than 160,000 sq ft. Birmingham-based …
Business
Sky News
Global shipping disruption could last ‘another 18 months’, UK boss warns
A global shipping services firm has told Sky News it could be another “18 months” before the industry weathers the sea of challenges causing massive disruption to the supply chain.James Gundy, the chief executive of Braemar Shipping Services, warned that container bottlenecks around the world were only part of the problem and only going to …
Business
Business Live
Deal reached over £50m unusable motorway junction – two years after being built
A deal has finally been agreed with the government to connect an unusable motorway junction to the road network nearly two years after it was built. Most of the work on the £50m M49 junction, near Bristol, was completed by National Highways (formerly Highways England) at the end of 2019 – but motorists have been …
Business
Business Live
Salford Red Devils in ‘positive talks’ to switch stadiums with Class of ’92-owned Salford City FC
Super League side Salford Red Devils could switch stadiums with Class of ’92-owned Salford City FC as part of a move by the League Two club and Premiership rugby’s Sale Sharks to buy the AJ Bell Stadium. The stadium is currently home to Sale and the Red Devils while Salford City play their home games …
Business
Evening Standard
City bets on interest rate rise this year on back of Bank Governor’s comments
CITY traders today firmed up their bets that UK interest rates will rise faster than previously thought in the face of soaring inflation, wage demands and supply chain problems.Until very recently economists and others in the City were pricing in a rise in rates from historic lows of 0.1% in the first quarter of next …
Business
Business Weekly
PragmatIC raises $80m Series C
PragmatIC Semiconductor, the Cambridge-based global player in flexible electronics, has raised $80 million of Series C funding. The scale-up investment will be used to build a second FlexLogIC fab in the North East of England, to meet the growing demand for ultra-low-cost flexible integrated circuits (FlexICs) for the Internet of Everything, and strengthening the position …
Business
Sky News
Energy crunch powers growth slowdown in ‘unstable’ China recovery
Power shortages and supply chain difficulties are being widely blamed for a slowdown in China’s economic recovery from the coronavirus pandemic.Official figures from the country’s National Bureau of Statistics (NBS) showed the world’s second-largest economy grew by 4.9% in July-September from a year earlier. Economists polled by the Reuters news agency had expected a figure …
Business
Sky News
Ford backs UK plant with £230m investment to support electric car future
Ford has revealed plans to transform its gearbox plant on Merseyside to build electric power units from 2024, safeguarding 500 jobs.Sky News revealed last month that the Halewood factory was in competition with a site in Germany to secure the work. Ford said the government was supporting its investment through the Automotive Transformation Fund.The company …
Business
Sky News
Facebook plans to hire 10,000 people in Europe to build its metaverse
Facebook plans to hire 10,000 people in the European Union over the next five years to help build its metaverse, the social media giant has announced.The social network said in July that it was creating a product team to work on the metaverse, which would sit within Facebook Reality Labs, its augmented reality and virtual …
Business
Sky News
End Clothing lines up former Gucci chief to fashion growth spurt
A former boss of Gucci is being lined up by Carlyle, the global buyout giant, to fashion a fresh growth spurt at End, the British online clothing business it bought this year.Sky News understands that Patrizio di Marco, who left Gucci in 2014 and subsequently had a spell with Dolce & Gabbana, another famed Italian …
Business
Business Live
Newcastle transport firm Go-Ahead loses southeastern rail franchise
Newcastle transport group Go-Ahead has lost one of its rail franchises in the south of England after failing to declare £25m of taxpayer funding. Train services on Southeastern’s network have been taken over by the Government, completing the switch first announced last month in which the Department for Transport (DfT) runs trains under the Operator …

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