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Citymapper in talks about takeover by New York-based transport tech giant Via
Citymapper, the urban transport app which ranks among Britain’s most prominent consumer technology companies, is in talks to be bought by a multibillion dollar New York-based rival.Sky News has learnt that Citymapper, which launched in 2010, is in advanced discussions about a takeover by Via Transportation. City sources said a deal could be struck within …
Business
Evening Standard
Mobile users ‘stuck between mid-contract hikes and exit fees of more than £400’
Mobile phone users are facing the option of “exorbitant” mid-contract price rises or exit fees of more than £400, a consumer group has warned.Which? is calling on providers to reconsider price rises – regardless of whether they are “transparent” – as consumers grapple with the ongoing cost-of-living crisis, and allow customers to leave their contract …
Business
Evening Standard
Teaching union defers strike action after members show support for new pay deal
A teaching union in Scotland has agreed to defer industrial action which was set to take place next week after members “marginally” voted to accept a new pay offer from the Scottish Government.The national executive of the Scottish Secondary Teachers Association (SSTA) “unanimously” agreed to defer strike action on Tuesday February 28 and Wednesday March …
Business
Evening Standard
Global stocks tumble after US figures show taming inflation ‘far from over’
Global markets have taken a turn for the worse after new figures revealed US inflation unexpectedly ticked up last month, stamping out hopes of the Fed ending its cycle of interest rate hikes.The personal-consumption expenditures price index (PCE), seen as the Fed’s preferred gauge of inflation, showed a month-on-month increase of 0.6% in January, up …
Business
Business Live
Developer Modo Bloc reveals plans for £2.1m job-creating commercial property development in Sunderland
Newcastle developer Modo Bloc has revealed plans for a £2.1m commercial property development in Sunderland. The company has submitted plans to Sunderland City Council to redevelop a brownfield site next to Kings Road and Sunderland Road. Its proposals include the creation of two units, a 4,000 sq ft unit for a Tesco supermarket and a …
Business
Business Live
The Apartment Group on acquisition trail after unveiling latest hotel addition
The founder of a North East hospitality group says it is on the acquisition trail as it unveiled its latest addition. The 24-bedroom Grade II listed Croft Hotel at Croft-on-Tees is set for a £2m upgrade after being acquired by Newcastle-based leisure operator The Apartment Group for an undisclosed sum. Work is set to start …
Business
Business Live
People on the move: key North East appointments of the week
Newcastle law firm Muckle LLP has welcomed newly qualified solicitor Kieran O’Donogue to its dispute resolution team. Kieran, who qualified in January, will assist senior partners with a range of commercial disputes including in contract, negligence, defamation and breach of privacy for both claimants and defendants. He said: “Since starting my training at Muckle, I …
Business
Evening Standard
Layoffs cloud UK fintech prospects
The UK’s long-term dominance of the European fintech sector has been thrown into doubt after a study found that a greater number of London-based firms have been hit by layoffs compared with their EU counterparts. At least a dozen UK fintechs have let go of staff over the past 12 months, an analysis by the …
Business
Business Live
What the WRU could learn from the Irish Rugby Football Union business model
The last fortnight has seen Welsh rugby stagger from crisis to crisis with the threat of an unprecedented strike by the men’s rugby team only being averted a few days before the Six Nations match against England. Whilst there was agreement over changes to players contracts, it seems to be a temporary sticking plaster until …
Business
Business Live
Swedish tech firm Getinge moving to Derby business park and plans to make new headquarters a ‘global centre of excellence for chemistry’
A Swedish medical technology firm is opening its new headquarters in Derby and has vowed to make its city base a “global centre of excellence for chemistry”. Getinge is bringing its HQ and training academy to St Modwen Park near Pride Park later this year, and local officials say the move could bring big long-term …
Business
Sky News
Rail union cancels strike action after members accept pay deal
Members of the Transport Salaried Staffs Association (TSSA) have voted to accept offers by train companies in the long-running dispute over pay, job security and conditions, the union has announced.“Given this result, TSSA will notify employers that the ballot for Industrial Action has also been withdrawn,” the union said in a statement. “Accepting the offer …
Business
Sky News
War in Ukraine, women in the workplace, and the merchandise industry
As Ukrainians mark a year since Russia’s invasion, Ian is joined by Ukraine’s deputy economy minister, and the chief executive of the Ukrainian steelmaker Metinvest – owners of the Azovstal steel mill in Mariupol, which was besieged by Russian soldiers last May.He also speaks to the chief executive at Allbright and the chair of Going …

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