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Evening Standard
NatWest profits jump but CEO Alison Rose admits: It’s high anxiety time
NATWEST made its highest profits since the financial crash and chief executive Alison Rose also cashed in, with a leap in pay from £3.6 million to £5.2 million.The 33% jump in profits to £5.1 billion, the best since 2007, is likely to attract attention alongside the rise in executive pay amidst a cost-of-living crisis that …
Business
Evening Standard
PurpleBricks puts up ‘for sale’ sign and announces fresh layoffs after profit warning
Online estate agent PurpleBricks could be sold as the business launched a strategic review and announced a profit warning alongside yet another round of redundancies this morning.The PurpleBricks board said that while the brand had value because of its name recognition, it may be more likely to reach its potential “under an alternative ownership structure”.“We …
Business
Business Live
Northern Ireland exports to Republic jump one third as PM attempts to resolve Protocol standoff
As negotiations around the Protocol rumble on, Northern Ireland is finding a thirsty buyer from its nearest neighbour in the Republic which increased its imports from the region by over £1 billion last year. Imports to the Republic from Northern Ireland climbed by 32% to £4.8 billion in 2022, a jump from £3.6 billion in …
Business
Business Live
Reach launches new initiative to help businesses embrace the challenges of 2023
An initiative designed to help businesses “thrive in challenging times” has been unveiled by a national and regional news brand owner. Reach, publisher of this website and dozens more news sites across the UK, has launched Make It Happen to help businesses market themselves in the most effective way possible during the current climate. Make …
Business
Business Live
Ashington’s Polar Krush set for growth following Calippo licence deal
Northumberland iced drinks company Polar Krush is set for growth on the back of a new licence deal. The Ashington frozen drinks maker says it will create new jobs on the back of acquiring a licence to start selling the worldwide brand Calippo in a new flavour called Magic Blue. The firm has added the …
Business
Business Live
Entrepreneurs showed resilience during crisis
Over the last few weeks, I’ve been talking to a lot of founders of new and growing businesses about the impact of the Covid pandemic on their firms and the subsequent recovery since 2020. One of the things that I noticed immediately was how hard many entrepreneurs have been on themselves as their businesses have …
Business
Business Live
People on the move: key North East appointments of the week
Durham City law firm Swinburne Maddison LLP has appointed five new lawyers to its team. The commercial property team has welcomed Diane Hall, who has more than 10 years of experience in residential and commercial property, while Manny Thandi joins from another regional law firm and works with clients in the retail sector. Laura Dorée …
Business
Sky News
Santander in talks about swoop on £14bn abrdn private equity unit
An arm of Santander, the Spanish banking giant, is in talks to swoop on the £14bn private equity unit of abrdn, the British fund manager.Sky News has learnt that Santander Asset Management is one of a small number of parties vying to buy the business from abrdn. Sources said a deal was expected to be …
Business
Business Live
Unlocking the benefits of equity release
We covered some of the mis-selling practices of equity release last week. Let’s look at where the possibilities lie. For some, equity release is a great idea, for a salesman looking for a commission, it can be ‘made’ into a good idea. Over the next couple of weeks, I’ll give you a good run down …
Business
Business Live
Harland and Wolff’s Belfast yard completes first barge destined for River Thames
The first barge to be fabricated at Harland and Wolff’s Belfast shipyard as part of a major contract with Cory Group has passed muster. The London-based barge operator signed off on the hull of vessel which is one of 23 which will roll of the production line at the iconic shipyard. Signed across two deals …
Business
Evening Standard
NatWest profits jump but CEO Alison Rose admits: It’s high anxiety time.
NATWEST made its highest profits since the financial crash and chief executive Alison Rose also cashed in, with a leap in pay from £3.6 million to £5.2 million.The 33% jump in profits to £5.1 billion, the best since 2007, is likely to attract attention alongside the rise in executive pay amidst a cost-of-living crisis that …
Business
Evening Standard
RCN warns fresh strike will have ‘significant impact’ on NHS
The Royal College of Nursing (RCN) has warned its fresh strike action will have a “significant impact” on the NHS, as it urged Prime Minister Rishi Sunak to intervene to settle the dispute over pay and staffing.The RCN has announced walk-outs at more than 120 NHS employers in England in a significant escalation of its …

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