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Business Live
Record revenues for Marks Electrical as sales near £100m
Strong demand for energy efficient products have helped sales at Marks Electrical grow 21.5 per cent to almost £98 million. The online retailer has benefited from people trying to shave pounds of their energy bills by buying low energy items including air fryers, coffee machines and vacuum cleaners. The Leicester firm’s recently launched installation service …
Business
Business Live
New HQ for construction firm to meet growth plans following six-figure fund
A construction firm in Aberystwyth has growth on its radar following a six-figure investment. LEB Construction plans to expand its operations with a new headquarters at the town’s Glanyrafon Industrial Estate after receiving a £537,336 investment from the Welsh Government’s Property Development Grant. The funding will allow the company to grow its operations at the …
Business
Business Live
£30m funding pot secured by Myenergi to accelerate business development strategy
High growth greentech specialist Myenergi has secured a £30 million funding facility to further its development of smart home energy products. The Grimsby-area firm is to use the HSBC backing to support innovation at the Pioneer Park base, where manufacturing operations are soon to be moved to after a major build project. A 65,000 sq …
Business
Evening Standard
FTSE 100 Live: Shares gain ahead of US inflation reading; gold and oil higher
The FTSE 100 has risen beyond 7800 today after shares continued their recovery into a fourth week yesterday.Eyes will be on the US this afternoon, when the Bureau of Labor Statistics publishes the country’s latest inflation figures.Economists expect the rate to fall from 6% to 5.2% in March as last year’s surge in energy prices …
Business
Business Live
£700m redevelopment of Swindon Honda site approved by council
Plans for a £700m redevelopment of the former Honda factory site in Swindon have been approved. Panattoni, Europe’s largest developer of new build industrial and logistics facilities, will look to begin building 10 new warehouse buildings on the former car production site, after its plans were waved through by Swindon Borough Council on Tuesday evening …
Business
Business Live
Newcastle’s hedgehog lab acquires York’s Netsells following £6.3m investment
Tech consultancy hedgehog lab has acquired York-based app developer Netsells having secured a multimillion-pound investment. The Newcastle firm, which also operates hubs in the US and Bulgaria, has received the backing of BGF (formerly the Business Growth Fund) in a £6.3m deal that sees an exit for previous investors Maven Capital Partners. Netsells will be …
Business
Evening Standard
London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses
CITY figures today warned that London is in danger of becoming a stock market backwater, with big floats now almost certainly heading to rival financial centres such as New York.There has been concern for months that London shares are unattractive, being shunned by pension funds partly due to unhelpful regulation. A lack of floats has …
Business
Business Live
Consumers prioritise holidays and health over eating out as retail and leisure industries remain vulnerable
Consumers in Wales are prioritising holidays, health and home improvements over eating out and buying big ticket items, new research shows. According to the latest consumer sentiment survey from professional services firm PwC, members of the public were more optimistic about their spending power for the year ahead entering spring. The survey, conducted between 17-20 …
Business
Business Live
Black Country retail park fully let after Farmfoods deal
A shopping park in the Black Country is fully let after frozen food retailer Farmfoods agreed a lease deal. The company has taken the last available space at Birchley Island Retail Park, in Oldbury, on a ten-year deal for a 20,600 sq ft warehouse. The retailer is currently fitting out the new unit which it …
Business
Business Live
BP buys into £7b Viking CCS South Humber Bank carbon capture and storage project
BP has bought into a huge carbon capture and storage scheme lined up to serve the South Humber Bank and beyond. The oil and gas giant has taken a 40 per cent stake in Harbour Energy’s Viking CCS project, in an undisclosed deal described as bringing together two of the most experienced operators in the …
Business
Business Live
Employers body the CBI sacks its director-general Tony Danker
Employers organisation the CBI has sacked its director-general Tony Danker with immediate effect following the conclusion of an independent probe into complaints of workplace misconduct. The investigation, carried out by leading employment law firm Fox Williams, followed allegations over Mr Danker’s conduct involving a female employee. Three other CBI employees are now also suspended pending …
Business
Business Live
Black Sheep Brewery explores possible sale amid funding crunch
Independent beer maker Black Sheep Brewery is considering a sale or merger of its business as part of a newly-launched strategic review. The North Yorkshire-based firm, which produces beers sold in pubs and shops across the country, told investors that funding constraints caused by the “prevailing economic conditions” had spurred it to appoint financial advisors …

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