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Tyneside construction giant Tolent facing huge financial issues
One of the North East’s largest construction firms is in severe financial difficulties that have put a question mark over its future. Gateshead firm Tolent is a £200m business which employs around 450 people. The company has been involved in some of the region’s largest recent building projects, including Hadrian’s Tower in Newcastle, the Milburngate …
Business
Evening Standard
Call for excise tax on disposable vapes to deter children
Health campaigners are calling for an excise tax on disposable vapes to stop children from being able to buy them for less than £5.Action on Smoking and Health (ASH) said adding £4 to each single-use vape, which currently cost around £4.99, would make them significantly less affordable for children while still less expensive than tobacco.Disposable …
Business
Evening Standard
Most London rental homes fail upcoming energy test
Six in ten private rental properties in London are not yet compliant with the new energy efficiency rules set to come into force in 2025, according to new research.By 2025, all newly rented properties must have an Energy Performance Certificate – which grades homes on energy efficiency – of C or above.Research from planning insights …
Business
Evening Standard
Green subsidy trade war is a huge distraction to climate challenge
As policy makers on both sides of the Atlantic engineer a land grab for clean tech companies, those at the coal face of investing in technology that can mitigate climate change need to remind everyone of what is important.We need to throw everything and the kitchen sink at climate change. Yet he world is falling …
Business
Evening Standard
DWP to close 20 Jobcentres, including three in London
The Department of Work and Pensions is set to close 20 Jobcentres, including three in London, but no staff will be laid off.All of the locations in question were set up as temporary Jobcentres during the Covid-19 pandemic because of “anticipated pressures on the labour market”, DWP undersecretary Viscount Younger of Leckie said.“The Department has …
Business
Business Live
People on the move: key North East appointments and promotions
County Durham-based modular housing manufacturer CoreHaus has promoted Dan Selby to managing director to drive its continued growth and expansion. Mr Selby originally joined the company as operations manager in 2020 and was instrumental in setting up the production facility at Jade Park, in Murton, near Seaham. He said: “I’m thrilled to be taking on …
Business
Business Live
Energy firm equiwatt wins Government funding to develop bill-reduction technology
A Gateshead software firm has secured funding from the Department for Energy Security and Net Zero to ramp up development of its innovative technology. Equiwatt has been awarded more than £630,000 from the Energy Entrepreneurs Fund (EEF) through the Net Zero Innovation Portfolio (NZIP), to aid the expansion of its community of UK households that …
Business
Business Live
Lidl creating 200 Northern Ireland jobs and ramping up pay packets
Lidl is creating 200 new jobs in Northern Ireland in its distribution centre at Nutts Corner. The centre supports the budget supermarket’s 41 stores and processes, packs and supplies more than 2,000 products and roles will be available across a variety of logistics and warehouse disciplines. Lidl said it is also creating a number of …
Business
Sky News
UK economy narrowly avoids recession, sales of used cars plummet, and we discuss tackling music piracy
Wilfred Frost stands in for Ian King this week and discusses the UK avoiding a recession by the thinnest of margins.He also talks to Auto Trader’s commercial director Ian Plummer about figures suggesting the current global economic difficulties are now hitting the used car market.And with The Brit Awards celebrating the best of music, Wilfred …
Business
Business Live
Loganair brings back Newquay to Manchester flights a month early after Flybe demise
Loganair has started its Cornwall and Manchester route a month earlier than planned to meet demand. This winter, rival airline Flybe had been running its own flight from Newquay to Manchester but that came to an end when Flybe collapsed into administration on January 28. Now, Loganair has restarted its own Manchester route, marking the …
Business
Sky News
Premier League closes in on near-£500m deal with games-maker EA
The Premier League is closing in on a commercial deal with Electronic Arts (EA), the video-games maker, that would be worth close to £500m – one of the largest such agreements ever struck by English football’s top flight.Sky News has learnt that the 20 Premier League clubs were briefed at a meeting on Friday that …
Business
Sky News
Barclays embroiled in TUPE row over Tech Nation employees
Barclays is at loggerheads with the industry body set up by David Cameron, when prime minister, to champion the British technology sector over the fate of dozens of employees affected by its closure.Sky News has learnt that the bank, which has been handed a multimillion-pound government grant to promote the industry, is insisting that it …

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