Latest Stories All Stories

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 …
Business
Evening Standard
More pubs and bars call last orders as costs spiral and sales sink
The number of pub and bar companies calling last orders has risen by more than 200 in a year, new figures suggest.Insolvencies rose from 280 in 2021 to 512 last year, accountancy group UHY Hacker Young said.Pubs and bars have faced rising energy and other costs and concerns over falling sales, it added.This is a …
Business
Sky News
Crisis deepens at MJ Hudson as auditor EY resigns 
The crisis engulfing MJ Hudson, the stricken asset management services provider, will deepen on Monday when it discloses that its auditor has resigned.Sky News has learnt that the London-listed company will announce that EY has quit less than 18 months after being appointed. The timing of EY’s resignation, coming so soon after its appointment, is …
Business
Sky News
Royal warrant-holder Hunter Boot on brink of £7m funding lifeline
Hunter Boot, the royal warrant-holding footwear brand, is close to landing a multimillion-pound funding lifeline that could pave the way for an outright sale.Sky News has learnt that Hunter is nearing a deal that will see existing shareholders injecting £5m, with lenders contributing a further £2m. The financing, which is expected to be finalised imminently, …
Business
Evening Standard
Heathrow workers to vote on strike action in pay dispute
Workers at Heathrow airport are to vote on whether to strike in a dispute over pay.Unite said over 3,000 of its members working as security guards, engineers and firefighters will begin balloting for strike action on February 17.The ballot will close a month later.The workers have rejected a 10% pay increase, which Unite says is …
Business
Business Live
The couple who risked all to open a craft beer bar in the pandemic – and turned it into a £500,000 business
It’s not easy starting a business from scratch, let alone trying to start a hospitality business during a pandemic. But that’s what Claire Whalley, 42, and her husband Tim, 41, did when they opened craft beer bar, Craft Republic, within the Goodsheds development in Barry. The couple opened the business in 2020, after giving up …
Business
Evening Standard
SNP calls for 20% cut to energy bills
The SNP has called on the UK Government to slash energy bills by at least 20% this year, claiming “households are being forced to pay through the roof for Westminster failures”.Ofgem, the independent regulator for the British energy market, confirmed the energy-price cap – which changes every three months – rose by 20% to £4,279 …
Business
Business Live
Newcastle healthcare firm on the hunt for 30 graduate recruits to boost musculoskeletal services
A healthcare company that provides services for NHS patients across the country is creating 30 jobs through its latest graduate development programme. Connect Health, which is based out of Quorum Business Park, is looking for physiotherapy, sports therapy and osteopathy graduates to become future musculoskeletal clinicians. The firm delivers a range of services including occupational …
Business
Sky News
Sportswear brand Castore gets into shape for $200m fundraising
Castore, the British sportswear brand backed by Sir Andy Murray, is in talks with investors about a $200m fundraising as it intensifies its battle with global rivals Adidas and Nike.Sky News has learnt that the Manchester-based business, which was founded by Liverpudlian brothers Phil and Tom Beahon, is working with bankers on plans to secure …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources