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Evening Standard
Barclays announces closure of 15 high street branches
Barclays has announced the closure of 15 branches across the country, meaning over 100 banks are slated to shut down so far this year.The bank is set to close 14 branches across England and one in Wales from late April to the first few days on May.Sites in London, Gosport, Bridgwater and St Helens are …
Business
Evening Standard
Belfast airport boss says Flybe collapse is ‘disappointing and unexpected’
The collapse of the airline Flybe has been described as “disappointing and unexpected” by the chief executive of Belfast City Airport.The regional carrier operated 10 flights to and from Belfast, and passengers who have booked have been advised not to travel to the airport.A statement on the airline’s website said it had “ceased trading” and …
Business
Sky News
Flybe: Will I get a refund for my flight?
After Flybe went into administration on Saturday, many travellers will be out of pocket having bought tickets, while others are stranded in their outbound destination. Flybe has told its passengers to “not travel to the airport” unless they have arranged alternative flights with another airline. What are passengers’ rights if your flight is cancelled?Flybe going …
Business
Sky News
Flybe collapses and cancels all flights, with hundreds of jobs lost
Flybe has ceased trading and all its scheduled flights have been cancelled, with hundreds of jobs lost.The airline has gone into administration less than a year after returning to the skies following a previous collapse. Sky News understands that 277 of Flybe’s 321 staff have been made redundant. The remaining 44 have been retained.Ticket-holders were …
Business
Evening Standard
‘Galling situation’ as fuel retailers refuse to pass on wholesale price drops
Fuel retailers failed to fully reflect huge falls in wholesale costs, with drivers of diesel vehicles suffering the most, according to new analysis.The RAC said wholesale diesel costs plummeted by 32p per litre in the eight weeks to December 11, but average pump prices only fell by 20p per litre during that time.For petrol, wholesale …
Business
Sky News
Government homes in on £5bn cladding settlement with housebuilders
Michael Gove, the levelling up secretary, is closing in on a multibillion pound deal with Britain’s biggest housebuilders to help resolve the national cladding crisis exposed by the 2017 Grenfell Tower disaster.Sky News has learnt that major companies including Barratt Developments and Persimmon are preparing for the imminent signing of a legally binding contract with …
Business
Business Live
Melanie Onn steps down from top green job with former MP tipped to try to rebuild red wall
Former Grimsby MP Melanie Onn has stepped down from a senior green energy role, in a move that appears to free her up for a long-run at a campaign to win back the town seat. The deputy chief executive of trade body RenewableUK will leave the post at the end of March. It would see …
Business
Business Live
MP upbeat on emerging policy framework to support Humber’s grand decarbonisation plans
A Humber Bank MP has given the industrial cluster he represents assurances progress is being made on clear policy to allow huge investments to be realised. Martin Vickers, whose Cleethorpes constituency takes in the huge refinery and port complex at Immingham, was invited to the CBI-led event at which Lindsey Oil Refinery unveiled its £300 …
Business
Business Live
Mike Ashley’s Frasers Group significantly increases stake in fashion giant N Brown to become second largest shareholder
Mike Ashley’s Frasers Group has significantly increased its stake in fashion giant N Brown. The owner of Sports Direct and House of Frasers has upped its holdings to 17.88%, according to filings with the London Stock Exchange. The move means the group is now N Brown’s second largest singe shareholder, behind Lord David Alliance, who …
Business
Evening Standard
Sainsbury’s leads the way as FTSE records slim gain
Speculation about the future of Sainsbury’s propelled it to the top of London’s biggest share index in a quiet session on Friday.The FTSE 100 ended the week with a small rise, just 4.04 points, which left it at 7,765.15.It was a happy day for Sainsbury’s shares which closed up 5.2% after Bestway bought a stake …
Business
Business Live
People on the move: top North East appointments and promotions of the week
Haines Watts has expanded its corporate finance team in Newcastle to meet growing demand. Alex Glennie and Rebecca Patterson have joined the team as corporate finance trainee and corporate finance executive respectively to support the team with growing demand for its services. The new starters come as Chris Hird, corporate finance team lead was promoted …
Business
Business Live
Prax unveils £300m carbon capture plan for Lindsey Oil Refinery
A £300 million carbon capture project has been launched by Prax Lindsey Oil Refinery. The huge investment, to take one million tonnes of carbon dioxide from the plant a year from 2028, was unveiled to a strong delegation from regional industry. It will involve a major infrastructure addition to the 55-year-old site, creating 2,000 temporary …

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