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03.02.2023 - 10:26
Business
Business Live
East Yorkshire modular building specialist named on £10b government contract list
East Yorkshire-based Integra Buildings has been appointed onto a £10 billion Government framework to drive investment in the modular and offsite construction sector. The high-growth company has been named as a supplier on the newly-launched Offsite Construction Solutions list, which spans a variety of sectors including health, housing, education and defence. It means Integra will …
03.02.2023 - 10:13
Business
Business Live
Belfast serviced office provider sets sights on 100 London locations
A Northern Ireland flexible workspace provider has announced plans to open 100 locations across London over the next five years. Hubflow, which operates three sites across Belfast, said the move comes after successful launch of its first serviced office in the capital in the former Rolls Royce building near Victoria Station. It has already agreed …
03.02.2023 - 10:11
Business
Business Live
Dorset boating navigation app crowdfunds close to £1m in hours of launching campaign
A Dorset marine tech company that has developed a boating navigation app has raised close to a £1m pounds within hours of launching its latest crowdfunding campaign. Savvy navvy said the round, which is taking place on investment platform Seedrs, was its fastest raise to date. The Poole-based company’s initial target of £600,000 had already …
03.02.2023 - 09:36
Business
Evening Standard
Rail strikes could last until 2026, union boss warns
Strikes by train drivers could continue for three more years, a trade union boss has warned.Aslef general secretary Mick Whelan spoke as the majority of Britain’s train services were cancelled on Friday due to industrial action.Train driver members of Aslef and the Rail, Maritime and Transport union (RMT) walked out in a long-running dispute over …
03.02.2023 - 09:31
Business
Business Live
Big jewellery chains investing in Derbion
Three of the country’s biggest jewellery chains are expanding their presence in the Derbion Shopping Centre. Management at the Derby city centre shops complex said Goldsmiths, Beaverbrooks and Ernest Jones are all set to make significant investments this year. Beaverbrooks will undergo a full-store refurbishment this spring, expanding their presence to 2,350 sq ft, including …
03.02.2023 - 09:06
Business
Evening Standard
NatWest boss U-turns on decision not to face MPs in bank probe
The boss of NatWest has U-turned on her decision not to appear in front of MPs next week as they scrutinise the UK’s biggest banks on why savings rates are so low while borrowing costs have spiked.Dame Alison Rose, NatWest’s chief executive, came under pressure from the Treasury Committee after saying she was too busy to …
03.02.2023 - 08:58
Business
Evening Standard
Bank’s chief economist cautions over raising rates ‘too much’
The chief economist of the Bank of England has cautioned that it is important the Bank does not raise borrowing costs too high.Huw Pill’s warning came a day after the central bank hiked interest rates by 0.5 percentage points to 4% but indicated it could slow down recent rate-hiking activity.He told Times Radio that it …
03.02.2023 - 01:32
Business
Sky News
Fresh travel misery as train drivers stage second strike this week
Rail passengers are facing fresh travel chaos today as train drivers hold another strike leaving large parts of the country with no services all day.Members of Aslef and the Rail, Maritime and Transport union (RMT) will walk out in a long-running dispute over pay and conditions. Operators said there would be severe disruption, with trains …
02.02.2023 - 22:48
Business
Sky News
Apple, Amazon and Google all offer gloomy outlooks in quarterly results
Three of Silicon Valley’s largest companies posted disappointing financial results on Thursday, compounding concerns about a slowdown in the tech sector.Recession fears have hit both corporate and consumer spending globally, leading to the likes of Apple, Alphabet and Amazon all signalling a tough recovery from the highs of 2021. Alphabet, the parent company of Google, …
02.02.2023 - 21:36
Business
Evening Standard
Grant Shapps urges suppliers to stop ‘outrageous’ forced meter fittings
Grant Shapps has urged energy companies to suspend the “outrageous” practice of forcibly installing prepayment meters following reports that British Gas had been sending debt collectors to “break into” customers’ homes.The Business, Energy and Industrial Strategy (BEIS) Secretary issued the plea on Thursday evening, shortly after a meeting between his department and the chief executive …
02.02.2023 - 18:17
Business
Sky News
Ofgem tells suppliers to suspend forced installation of prepayment meters
The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who have fallen into arrears.Sky News understands the regulator made the request on Thursday after it was revealed that debt collectors working for British Gas had forced their way into the homes …
02.02.2023 - 18:06
Business
Evening Standard
British Gas to stop using court warrants to fit prepayment meters by force
Ofgem has launched an investigation into British Gas following reports the firm has been sending debt collectors to “break into” customers’ homes to “force-fit” prepayment meters – including in vulnerable households.The energy giant will also be hauled in front of Energy Minister Graham Stuart to explain itself as the Department for Business, Energy and Industrial …
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