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ICC Wales on track for a strong 2023
The International Convention Centre Wales (ICC Wales) said it is on track for a strong 2023 after securing a number of repeat and new business wins. The disruptions of the pandemic meant ICC Wales, next to Celtic Manor Resort in Newport, only saw its first full year of trading in 2022, having been launched in …
Business
Business Live
Rocky start to 2023 as Welsh business activity contracts faster than UK average
Business activity in Wales contracted quicker than the UK average last month as output and new orders fell. However, business confidence reached a six-month high. The latest PMI data from NatWest Bank saw business activity fall at the start of 2023 as inflation continued to impact demand and customer spending. The Wales Business Activity Index …
Business
Sky News
Vue screens financial backers for blockbuster tilt at rival Cineworld
Europe’s biggest privately owned cinema operator has lined up financial backing from its new shareholders to help assemble a takeover tilt at Cineworld, its stricken rival.Sky News has learnt that funds managed by Barings and Farallon Capital Management have agreed to provide capital to Vue International to support strategic acquisitions. City sources said that Vue, …
Business
Evening Standard
Big winners from the US Superbowl: the Hunt family
In the early hours of this morning, on this side of the pond at least, the Kansas City Chiefs triumphed in the 2023 Superbowl, a brilliant game.The other winners include the Hunt family, one of the richest in America, who own the team.Their estimated $20 billion fortune comes from oil in the 1930s and silver …
Business
Business Live
Gym chain Total Fitness makes first profit since 2015 after attracting new members from competitors
Total Fitness returned to the black for the first time since 2015 during its latest financial year after its turnover returned to near pre-pandemic levels. The Cheshire-headquartered gym group has reported a pre-tax profit of £961,000 for the 12 months to June 30, 2022, up from the £8.5m loss it posted in the prior 18 …
Business
Evening Standard
Heathrow reports busiest January since Covid but new strikes loom over Easter getaway
Heathrow airport today revealed its busiest start to a year since the pandemic hit, raising hopes for London’s rebound from Covid, but its January traffic numbers arrived alongside the threat of more travel chaos from Easter strike action.The capital’s main international gateway handled over 5.4 million people in the month, the most since 2020. It …
Business
Business Live
Premcor Estates gets green light for 400,000sqft industrial site Fabric Darlington
County Durham property developer Premcor Estates is set to start work on a huge industrial scheme next to Amazon’s Darlington fulfilment centre. Premcor directors Simon Hawkins and Rob Lane expect interest from manufacturers and warehousing business for its 24-acre Fabric Darlington site after gaining planning consent for three industrial/distribution units, with a combined floor area …
Business
Evening Standard
DX Group shares plunge after corporate espionage legal claim
Courier firm DX Group has seen its shares plunge after confirming that a legal claim has been lodged against it by a rival logistics company, accusing it of alleged corporate espionage.Shares in DX tumbled as much as 11% on Monday morning after it said that Tuffnells Parcels Express submitted the claim in the High Court …
Business
Evening Standard
Company failures to rise in 2023 as cost pressures take their toll, warns FRP
Corporate restructuring firm FRP Advisory has said it is seeing a rise in inquiries as businesses come under pressure from soaring inflation and borrowing costs ahead of an expected surge in company failures this year.FRP said in an update that it saw a jump in the number of company liquidation mandates as corporate insolvencies increased …
Business
Sky News
American fund KPS sets sail with purchase of British yacht-builder Princess
Britain’s biggest luxury yacht-builder is being sold to new private equity backers 15 years after it last changed hands.Sky News has learnt that Princess Yachts, which is based in Plymouth, is being sold to KPS Capital Partners, a US-headquartered investor which specialises in owning manufacturing businesses. Sources said a deal could be struck as soon …
Business
Sky News
UK’s busiest airport back at pre-pandemic levels
The number of people that passed through the UK’s busiest airport returned to pre-pandemic levels last month.Heathrow reported 5.4 million people travelled through it in January, making it the busiest start to a year since 2020, before COVID-19 was declared a pandemic. The vast majority of the travellers – 1.6 million – were from the …
Business
Sky News
Factory fined after staff hurt in chocolate accident
A factory which makes M&Ms and Mars bars has been fined more than $14,500 (£12,000) after an accident in which two workers fell into a vat of chocolate.The US Occupational Safety and Health Administration (OSHA) cited Mars Wrigley in the June 2022 accident at the Pennsylvania M&M/Mars factory, saying the workers were not authorised to …

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