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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
Business
Euro News
Want to become the CEO of your finances? Here’s what the experts say
Business
Sky News
Port Talbot steelworks set to be shutdown early due to strikes
Multinational conglomerate Tata is set to shut the Port Talbot steelworks earlier than first announced over strike plans.The company has said it will bring the final closure date to 7 July, from September, as Unite members at the steel plant were due to strike on 8 July. Cutting emissionsOne of the steel blast furnaces is …
Business
Euro News
EPP environment lead calls for delay to anti-deforestation law
Business
Sky News
Mortgage repayments set to rise for three million UK households
Around three million UK households will see their mortgage repayments rise over the next two years as high interest rates continue to take effect, the Bank of England has said.As many as 400,000 homes are likely to experience “very large increases” of more than 50%, its financial policy committee said. Money latest: 27 areas where …
Business
Euro News
Deepfakes and smartphone eyecare tech in focus at GSMA MWC Shanghai
Business
Sky News
British tech star Ultraleap to halve workforce in break-up plan
A British tech champion which uses ultrasound to simulate the sense of touch is halving its workforce and preparing to offload one of its two core divisions.Sky News has learnt that Ultraleap, which was spun out of Bristol University, informed staff on Wednesday that it was proposing to slash jobs amid shifting priorities at tech …
Business
Business Live
The Wave Project surf charity appoints permanent chair
The Wave Project, the Cornwall-headquartered surf therapy charity, has appointed its interim chair on a permanent basis. Brett Simpson has been working with the organisation for six years, first as a volunteer in Scotland and as a trustee since 2020. The Wave Project offers surf therapy courses funded by a government health service. Based in …
Business
Euro News
Birkenstock’s key shareholder set to offload stock despite rosy forecast

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