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Business Live
People on the move: key North East appointments and promotions
Lantern Building Consultancy has welcomed Josh Cauwood as a new surveyor to expand its team. Associate Mr Cauwood has made the move to Lantern following two-and-a-half years at Workman LLP’s Newcastle office, where he developed skills in project management and contract administration. He previously worked for Wearside housing association Gentoo Group, commercial and residential consultancy …
Business
Sky News
Four major banks hit by glitches
Nationwide, HSBC, Barclays and Virgin Money customers have been affected by problems with banking services, leaving some unable to send and receive money.The issues could affect workers on what is commonly pay day for many across the country, with some reporting they haven’t received their salary. HSBC UK said there had been a “separate payments …
Business
Evening Standard
Cazoo app and website to be restored after Motors scoops up brand
Secondhand car site Motors is set to restore the Cazoo brand after the rival marketplace collapsed into administration last month, following a drastic restructuring which saw it shed hundreds of jobs.Motors said it had acquired the brand and revealed plans to launch a new Cazoo app and website.Cazoo, which was once valued at around £5 …
Business
Evening Standard
Building supplier Tyman’s US buyer Quanex sweetens takeover deal
Building products supplier Tyman’s shares rose on Friday after Quanex, the US company planning to buy it, increased the cash segment of the deal.The changes came after Tyman shareholders voiced concerns about volatility in Quanex’s shares, and currency exchange movements since the initial offer on April 22.Under the new deal, Tyman shareholders would get a …
Business
Evening Standard
Government met oil and gas lobbyist every working day in 2023, analysis suggests
The UK Government met with representatives from the oil and gas sector an average of 1.4 times per working day in 2023, an analysis has suggested.At least 65 fossil fuel organisations and industry bodies were identified meeting with ministers over the course of the year, according to an investigation by Global Witness.The environmental group analysed …
Business
Evening Standard
Digital bank tops list of 100 fastest-growing British businesses
A digital bank has topped a list of the fastest-growing firms in Britain, and a quarter of the top 100 were launched by women, according to the Sunday Times.The latest research shows which private businesses are rapidly climbing the ranks across entrepreneurial Britain.Allica Bank has taken the top spot this year, having seen its annual …
Business
Sky News
Government sale of NatWest stake to hit fresh milestone
The government’s sale of its stake in NatWest Group will reach a new milestone in the coming days when it falls below the threshold at which the Treasury is treated as a related party under stock exchange rules.Sky News can reveal the taxpayer’s shareholding in the high street lender is likely to be reduced below …
Business
Evening Standard
Labour urges Tata to avoid irreversible action on Port Talbot plant pre-election
Labour politicians have urged Tata to avoid taking action that cannot be reversed before the election result after the steel giant announced it was bringing forward plans to shut down blast furnaces at its biggest plant because of a strike.The company had been planning to shut down one of the blast furnaces at Port Talbot …
Business
Business Live
Tharsus spin-out VersaTile to storm warehousing market with £8m investment
A newly established robotics firm in Blyth is hoping to capture a share of the warehousing market following an £8m seed investment from its parent group. VersaTile Automation is part of £77m-turnover Tharsus Group and has developed an AI-based system for high intensity fulfilment centres. The firm’s “intelligent floor” knows where goods are and can …
Business
Sky News
Exit from recession was stronger than first thought
The UK’s exit from recession during the first three months of the year was stronger than initial figures suggested, according to official data.In an update on its first growth estimate, the Office for National Statistics (ONS) said gross domestic product (GDP) rose by 0.7% between January and March. It had originally said on 10 May …
Business
Euro News
BP halts hiring new staff and puts break on renewable energy plans
Business
Euro News
The Experience Economy: Consumers prioritise memories over material goods

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