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Essar Group to invest $2.4bn at Stanlow site through new venture
Essar Group is to invest $2.4bn at its Stanlow site after launching a new venture. Essar Energy Transition (EET) will help develop a range of low carbon energy transition projects over the next five years. It will also invest $1.2bn in India. EET will include Essar Oil UK, Vertex Hydrogen, EET Future Energy, Stanlow Terminals …
Business
Evening Standard
Primark owner hikes full-year outlook amid resilient consumer spending
Primark owner Associated British Foods has upped its outlook for the full year after reporting a jump in sales at the budget fashion chain as consumer spending held up better than expected.The group said sales at the retailer, which has 419 stores, are set to rise by 16% at actual exchange rates to £4.2 billion …
Business
Business Live
Paperchase administration to boost Begbies Traynor
Begbies Traynor has said an “encouraging level” of new insolvency appointments and work on higher value cases such as the on-going administration of Paperchase will provide a boost to its finances. The Manchester-headquartered business recovery, financial advisory and property services consultancy added the continuing recovery of mid-market cases, which remain below pre-pandemic levels, are also …
Business
Business Live
Australian firm Recharge Industries finalises deal to buy Britishvolt
A deal for an Australian firm to buy the failed battery company Britishvolt has been sealed. Recharge Industries, a new company which has operations in Australia and is owned by a New York-listed investment company, will take over the project to build a battery plant at Cambois, Northumberland. Recharge Industries had been identified earlier this …
Business
Evening Standard
Australian firm completes takeover of Britishvolt
Britishvolt, the company which failed to build a battery factory in the north-east of England, has been bought by Australian firm Recharge Industries, Recharge’s boss confirmed.The start-up was founded in 2019 but collapsed just three years later, laying off most of its 200 staff.The company had high ambitions of building a nearly £4 billion battery …
Business
Sky News
Battery maker Britishvolt bought by Australian firm
Britishvolt, the company behind a planned battery factory to power electric cars, has been bought out of administration by Australian firm Recharge Industries.The UK firm entered administration in January after months of funding problems which resulted in more than 200 job losses. Recharge Industries had been selected as the preferred bidder by administrators EY earlier …
Business
Business Live
N Brown, Growth Company and Harrison Drury: The 13 latest North West hires and promotions
North West companies have announced a host of top new appointments and promotions over the last week. Businesses such as fashion giants and law firms are among those to have made major moves. Below, we round up the latest hires and promotions that we feel you should not miss. READ MORE: Click here to sign …
Business
Evening Standard
At-home health tests launch in Tesco stores nationwide
Shoppers at Tesco can pick up home testing kits for health conditions from thyroid problems to bowel cancer alongside their weekly shop after the supermarket giant struck a first-of-its-kind deal.The grocery chain has sealed a national retail partnership with provider Newfoundland to stock self-diagnostic tests on its website and across more than 500 stores nationwide.It …
Business
Business Live
Meet the six North East production companies sharing a slice of £1m BBC Small Indie Fund
A handful of TV production companies with operations in the North East are to share in a BBC fund to support independent producers. Candle & Bell and Twenty Six 03 Entertainment in Gateshead; MMC Media Limited in Sunderland; Middlechild Productions and Schnoobert Productions in Newcastle and Sea & Sky Pictures in Hartlepool have been selected …
Business
Business Live
King Charles III gives name to prestigious Queen’s Award for Enterprise after succeeding Elizabeth II
The Queen’s Award for Enterprise has been renamed following the accession of King Charles III. It will be known as The King’s Award for Enterprise. The 2023 awardees will be announced on Friday, April 21 this year, marking Queen Elizabeth II’s birthday, and on May 6 from 2024, the anniversary of The King’s coronation. Nominations …
Business
Business Live
Tributes pour in following death of Mukesh Patel, loved and ‘irreplaceable’ member of Leicester business scene
Tributes have poured in following the death of Mukesh Patel, a senior and much loved member of the Leicestershire business community. The married father-of two from Stoneygate, Leicester, was just 54 years old when he died on February 18, having been taken ill a week earlier. A litigation specialist by profession he joined Freeths in …
Business
Evening Standard
Priti Patel calls on Jeremy Hunt to stop planned corporation tax rise
Former home secretary Priti Patel has urged the Chancellor to use his Budget next month to halt the planned corporation tax rise.The senior Conservative has argued that “now is not the time” for an increase in the tax on big business.In plans agreed while she served in Boris Johnson’s cabinet, corporation tax is due to …

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