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New consultancy launched by Birmingham agencies
Two Birmingham creative agencies have joined forces to launch a new venture aimed at supporting companies going through transformation or change. Spottydog Communications and Big Cat have together created Leopard Co. which will focus on marketing communications consultancy, helping clients with issues caused by change such as mergers, acquisitions, investment and transformation. It is already …
Business
Business Live
South West-based company Silvey Fleet expands into Ireland
Successful South West-based fleet management company, Silvey Fleet has announced its expansion into Ireland. The family-run business, which is headquartered in Bristol, has evolved over time in response to changes in the market. It now specialises in vehicle fleet management solutions and is one of the UK’s most established reseller of fuel cards. Silvey Fleet …
Business
Business Live
Humber set to miss out on chance to lead UK’s carbon capture and storage push after Track One no-show
The Humber’s hopes to be the carbon capture trailblazer for the UK appear to have hit the rocks after no projects were selected to enter into the latest phase of negotiations. A £20 billion Spring Budget pledge had injected further fizz into the sector, with several huge emission-abating schemes for heavy industry aligned with the …
Business
Evening Standard
LV= sees retirement profit halve as insurer ‘not immune’ to economic woes
Mutual life insurer LV= has admitted it is “not immune” to economic challenges after revealing profits from it savings and retirement division halved over 2022 and it sunk deeper into a loss.The insurance and retirement specialist said it made a loss before tax and before member bonuses of £265 million last year, compared with a …
Business
Evening Standard
Time Out’s failed London market plans cost £1 million
Media and food business Time Out said its failed plans to build a food market in Spitalfields cost £1 million.The media business – which operates markets in Lisbon, Miami, New York, Boston, Chicago, Montreal and Dubai – had planned to create a venue with 12 permanent kitchens on Commercial Street in Spitalfields.But following a six-year-long …
Business
Evening Standard
H&M sees slow start to spring season as cold weather hits sales
Fashion chain H&M warned that cold weather has delayed demand for spring ranges in many of its markets, but posted an unexpected quarterly profit thanks to a boost from its second-hand platform Sellpy.The group – the world’s second largest fashion retailer – said sales in local currencies for the three months to February 28 lifted …
Business
Evening Standard
Moonpig hails record sales before Mother’s Day
Moonpig has said it recorded its biggest week of sales in the UK before Mother’s Day earlier this month.The online greetings card business assured investors that trading had been “resilient” over the past six months, despite recently revealing it had taken a hit from Royal Mail postal strikes and waning consumer demand.It downgraded sales expectations …
Business
Evening Standard
SSE lifts full-year earnings outlook again despite widening renewables shortfall
Energy firm SSE has hiked its annual earnings outlook once again despite lower than expected power from renewable generation.The FTSE 100 group, which no longer supplies energy directly to households, said it now expects underlying earnings per share of more than 160p in 2022-23.The group had already upped its earnings expectations to more than 150p …
Business
Business Live
Mogers Drewett completes acquisition of Bath-based Freemans Solicitors
Mogers Drewett has completed a deal to buy Bath-based Freeman Solicitors, following Freeman director Shaun Freeman’s decision to retire. The South West legal and financial planning firm intends to grow its market share in both of its services areas with the acquisition. Freemans Solicitors was established in 1999 and has since developed a specialist private …
Business
Evening Standard
FTSE 100 Live: Next shares fall; steady start for London trade; Ermotti back at UBS, mortgage approvals up
London’s FTSE 100 made a steady start, with investors in cautious mood after US tech stocks stood out overnight during a fall for Wall Street markets. Consumer credit data for February will test improving sentiment toward banks and will also resonate in the housebuilding sector, via insight into demand for mortgages in the UK. Shared …
Business
Evening Standard
Unions say Illegal Migration Bill is a ‘gift to dodgy employers’
Correspondent unions say the Government’s Illegal Migration Bill is a gift to “dodgy employers”.The Trades Union Congress (TUC) said the legislation could lead to more migrant workers being exploited in the underground economy – a problem it says is already “rampant”.It says the Bill would leave nearly 200,000 asylum seekers in limbo indefinitely by trapping …
Business
Evening Standard
UBS appoints former boss to lead ‘urgent and challenging’ Credit Suisse merger
Swiss bank UBS has reappointed its former boss to lead the takeover of Credit Suisse after it rescued the beleaguered rival lender.Sergio P. Ermotti will replace Ralph Hamers as group chief executive as the bank faces the “urgent and challenging” task of merging the two global banking giants.UBS said Mr Ermotti, who led the group …

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