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£16m loss for Iceland Seafood in 2022 – but positive cash flow eyed in coming months
Iceland Seafood UK lost £16 million in 2022, accounts just published have revealed. The Grimsby-based business, which remains part of Iceland Seafood International after two aborted sales attempts, was hit by increased input costs, having been unable to pass soaring inflationary pressures on to customers. Earlier this month, chief executive Bjarni Ármannsson told how almost …
Business
Business Live
Engineering consultancy Rendel secures permanent Birmingham base
An engineering consultancy has moved to a new permanent home in Birmingham after first setting up a base in the city in 2019. Rendel is now housed at Edmund Gardens, in Edmund Street, after previously being based in serviced offices and the relocation follows a number of significant contract wins including with HS2 and Coventry’s …
Business
Business Live
Mining giant Anglo American takes £1.4bn impairment on North Yorkshire fertiliser project
Global mining firm Anglo American plans to spend millions more on its fertiliser mining project in North Yorkshire after extending the project’s scale. The £29bn ($35bn) revenue company said it now expects to deliver its first fertiliser product from the site near Whitby in 2027. In an update accompanying global results for the firm, Anglo …
Business
Evening Standard
Heathrow Airport narrows losses after ‘year of recovery’
Heathrow Airport narrowed its losses sharply in 2022 amid a bounce back in travel demand, but said results were weighed on by surging cost pressures and lower passenger numbers.The group reported underlying pre-tax losses of £684 million for last year, against losses of £1.3 billion in 2021.It said no dividends were paid in 2022 and …
Business
Evening Standard
Rolls-Royce promises more after profits rise as airlines recover
The chief executive of Rolls-Royce said it is “capable of much more” as he launched a strategic review into the company and reported a jump in profit.The engineering giant – known for its plane engines – said the airline industry had continued to recover from Covid, but it does not expect it to return to …
Business
Evening Standard
BAE predicts further growth as countries increase defence spending
BAE Systems said it expects continued growth in 2023 and beyond as countries across the world up their defence budgets in response to Russia’s invasion of Ukraine.The defence contractor said that most countries in which it operates have either announced increases in their defence budgets or are planning to do so, because of “the elevated …
Business
Sky News
Tesco and Aldi to ration some vegetables due to supply shortages
Tesco and Aldi are limiting how many peppers, cucumbers and tomatoes customers can buy due to supply shortages.It follows measures introduced by Morrisons and Asda on Tuesday to temporarily limit the purchase of some fruit and vegetables. An Aldi spokesperson said: “We are limiting purchases of peppers, cucumbers and tomatoes to three units per person …
Business
Sky News
Royal Mail acknowledges policy breaches in monitoring postal worker speed and admits prioritising parcels
The head of Royal Mail has acknowledged policy breaches in monitoring postal workers’ delivery speed.The Royal Mail chief executive, Simon Thompson, reappeared before the Business, Energy and Industrial Strategy (BEIS) committee after being asked to clarify statements. Images shown at the committee on Wednesday showed a bar chart comparing individual postal workers’ stop times while …
Business
Sky News
Tomato shortage could last until end of April as Tesco and Aldi become latest supermarkets to introduce limits
British tomatoes will likely remain scarce until the end of April or even early May, the UK’s largest grower has warned.It comes after Tesco and Aldi became the latest supermarkets to place limits on some fruit and vegetables customers can buy due to supply shortages. The soaring cost of energy, and fertiliser also derived from …
Business
Sky News
Bookie-owned sports betting service SIS odds on for £200m sale
Sports Information Services (SIS), the live betting content provider backed by some of Britain’s biggest bookmakers, is under starter’s orders for a £200m sale.Sky News has learnt that the shareholders in SIS, which include Ladbrokes parent Entain Group and the founder of Betfred, have asked advisers to canvas interest in a takeover. The sale process …
Business
Sky News
Senior banker predicts ‘mild recession’ and Scottish Power bucks the trend
Ian King interviews Charlie Nunn – the chief executive of Lloyds Banking Group, who has told Sky News he is still expecting to see a mild recession in the UK this year, and Scottish Power’s chief executive Keith Anderson joins Ian King to discuss the fact his company hasn’t reported bumper profits.:: Listen and subscribe …
Business
Sky News
The cost of living crisis is triggering a wave of workplace crime – here’s how
Theft by employees has jumped by 19% amid warnings that the rising cost of living is triggering a wave of workplace crime, new data suggests. Almost 6,000 people were caught stealing from their employer in 2022 – up from 5,000 the year before. Incidents range from the petty pilfering of office supplies to theft of …

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