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Creditors unlikely to see a return following Grimsby fish processor collapse with debts of over £3m
The failure of Grimsby fish processor Cook and Lucas may leave Barclays with a £1.2 million hit after assets recovered were deemed insufficient to meet its debts. And unsecured lenders also face no returns on a further £1.9 million outstanding following the sudden collapse that cost 80 jobs earlier this year. The company abruptly ceased …
Business
Business Live
Bristol city centre car park set to be redeveloped for flats
Plans to redevelop a Bristol city centre park, and build new accommodation for hundreds of people on the site, have been submitted. Developer Greystar is proposing to replace the NCP Car Park on Rupert Street with a new 400-space facility, and construct new residential buildings, offering 249 co-living and 328 student rooms. According to BusinessLive’s …
Business
Business Live
Biden: US companies lining up to invest in Northern Ireland
“Scores” of US companies are lining up to invest in Northern Ireland, the US President has said on a visit to Belfast. President Biden pledged to unlock that investment opportunity with the appointment of Joe Kennedy – the grand nephew of former US President John F Kennedy – as Special US Envoy to Northern Ireland. …
Business
Sky News
Meta executive Hatch tops poll to become next YouGov chief
An executive at Meta, the owner of social media behemoth Facebook, will be unveiled this week as the new boss of YouGov, the £1bn London-listed pollster.Sky News has learnt that Steve Hatch, who recently announced his intention to leave Meta after a long stint as the head of its northern European operations, has agreed to …
Business
Business Live
First quarter of 2023 brings more optimism for Humber businesses – Chamber
Optimism abounds in the regional economy according to the latest analysis. Sales and orders have seen an uptick in the first quarter, edging into positive territory, with expectations of turnover improvement among a third of firms surveyed by Hull and Humber Chamber of Commerce. Profit expectations are also heading in the right direction, although increases …
Business
Evening Standard
GDP figures show no growth in February as strikes hit public sector
There was no growth in the UK economy in February, as GDP figures came in below expectations.Strikes contributed to the lack of growth, as did declines in the use of energy, according to the ONS.GDP was unchanged from January, when the economy grew by a better-than-expected 0.4 per cent. That January figure was revised upwards …
Business
Business Live
Brabazon community hub plans approved for new Bristol neighbourhood
Plans to transform an historic aircraft hangar into a new community centre on Bristol’s northern edge have been approved. South Gloucestershire Council has given the green light to YTL Developments to transform the grade II-listed ‘Hangar 16U’ building – which housed Spitfires and Hawker Hurricane fighter aircraft for the Royal Air Force during the Second …
Business
Business Live
Manufacturer boosts production with £500,000 investment
A family-owned manufacturer has secured a new £500,000 funding package to help it boost production and create jobs. Weldall provides bespoke welding and fabricated products in aluminium, stainless steel and mild steel to the construction industry. The Cannock-based business, which recently celebrated its 30th anniversary, was established by two specialist welders and is now run …
Business
Business Live
Senior Orsted executive to deliver keynote speech at Offshore Wind Connections
A leading Orsted executive has been named as the keynote speaker for Offshore Wind Connections. Patrick Harnett, head of European execution programmes, will address next month’s high profile conference as the Danish giant and the event both celebrate clocking up a decade of delivery on the Humber over the past year. The senior figure will …
Business
Sky News
Chancellor upbeat on economy – but there isn’t a huge amount to celebrate
Jeremy Hunt struck an upbeat tone following the publication of the latest economic growth data for February.“The economic outlook is looking brighter than expected – GDP grew in the three months to February and we are set to avoid recession,” he said. In some respects he’s right.Even though the country was deep into a winter …
Business
Sky News
Tesco warns of ‘unprecedented’ inflation but drops price of milk
The impacts of higher prices are being felt in the Tesco boardroom as profits have fallen despite an increase in sales.High energy and labour costs, along with food inflation at 17.5%, have hurt the company’s earning power. But the retailer also announced a reduction in the price of milk for the first time since May …
Business
Sky News
UK economy flatlines with no growth in February as strikes hit productivity
The UK economy flatlined in February, with no growth in GDP, according to official figures.Civil service strikes and low energy consumption offset growth in areas such as construction – which grew 2.4%, the Office for National Statistics (ONS) data showed. The flatlining was unexpected. Economists polled by the Reuters news agency had forecast slight growth …

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