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People on the move: key North East appointments and promotions
Durham law firm Swinburne Maddison has made seven new appointments to its growing team. New appointments include Rebecca Logue who joins as associate solicitor from another regional law firm, and Carole Gwynn who joins in a newly created role as legal director. Alex Siddle, who joined Swinburne Maddison in October 2021 as a paralegal in …
Business
Sky News
SME lender Tide rises to challenge with new fundraising
Tide, the business banking services platform, has hired advisers to orchestrate a fresh share sale as it pursues rapid growth in the UK and overseas.Sky News understands that Tide has been holding talks with investment banks including Morgan Stanley about launching a primary fundraising worth in excess of £50m in the coming months. The share …
Business
Business Live
Peel Ports sees profit drop but Whittaker family dividends rise amid challenging market conditions
The billionaire Whittaker family and fellow shareholders at Peel Ports have seen an increase in their dividends despite a significant reduction in profit at Britain’s second-largest operator. The Liverpool-based group distributed a dividend pot of £153.9m in the year to 31 March, 2024, up from £138.9m in the previous year. Companies House filings also reveal …
Business
Sky News
Trump tells UK to ‘get rid of windmills’ as he warns of ‘very big mistake’
Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”.In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North Sea, a major oil-producing …
Business
Sky News
Hammond-backed outsourcer Amey among bidders for £300m Telent
An outsourcing group backed by Lord Hammond, the former chancellor of the exchequer, is among the suitors circling Telent, a major provider of digital infrastructure services.Sky News has learnt that Amey, which endured years of financial difficulties before being taken over by two private equity firms in 2022, has tabled an indicative offer to buy …
Business
Evening Standard
Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.British factory output contracted at the fastest rate in 11 months in December, amid concerns about rising taxes on business from last …
Business
Business Live
Apprenticeships created through Swansea Bay City Region City Deal lower than expected
The number of apprenticeships being created as part of the City Deal for the Swansea Bay City Region is lower than anticipated, but leaders still aim to meet a target of 3,000. The £1.3bn deal (which includes leveraged private sector finance) consists of nine projects, eight of which focus on the digital sector, construction, energy, …
Business
Business Live
Shipyard operator A&P Group toasts strong order book despite dip in turnover
Shipyard operator A&P Group has highlighted a strong order book for its Tyneside and Falmouth bases, after seeing profits and turnover fall in latest accounts. The ship repair, building and marine engineering specialist saw sales drop in the year ended March 31 2024 from £100.2m to £86.95m, while pre-exceptional operating profit was £4.73m, up from …
Business
Sky News
Post Office targets £100m-plus fee hike from banking deal
The Post Office is proposing a big hike in the fees that banks pay to allow their customers to access its network as it attempts to secure additional funding to boost postmasters’ pay.Sky News understands that more than two dozen banks and building societies are considering a proposal submitted to them recently by the Post …
Business
Sky News
More pain to come as household bills could rise by almost £270 in April
The typical household could see major bills rise by almost £270 by April, Sky News analysis suggests.The increase in costs for energy, water and council tax would outstrip inflation and add to pressure on family budgets. The first impact will be felt from New Year’s Day, with the domestic energy price cap rising for the …
Business
Business Live
FTSE 100’s best and worst-performing stocks of 2024 – from British Airways owner to JD Sports
The FTSE 100 yielded a return of 5.8 per cent in 2024, but beneath the surface, a distinct divide has emerged between the winners and losers of the blue-chip index. Several stocks have been dropped from London’s main index, including Burberry, Easyjet, and Ocado, making way for heavyweights such as Games Workshop and Alliance Witan. …
Business
Sky News
Business, the economy and the pound in your pocket – what to expect from 2025
UK business goes into the new year in a surly mood.New Chancellor Rachel Reeves‘s hike in employer’s National Insurance contributions (NICs) in her autumn budget will raise the cost of employing people and that is likely to have an impact on both hiring and investment. For individual sectors, there are specific challenges: the car industry, …

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