Latest Stories All Stories

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 …
Business
Sky News
Chancellor’s ‘Britain needs you’ plea to the retired may be a tall order
Jeremy Hunt became chancellor because he was the most sensible candidate left standing in the wake of Liz Truss’s catastrophic mini-budget.Four months on, he’s earned praise for balancing the books but still had a blank space to fill in when it comes to growth – a crucial plank of economic policy in danger of becoming …
Business
Sky News
One of the world’s richest men loses ground after £39bn stock market slump
Shares in listed companies controlled by one of the world’s richest men have lost $48bn (£39bn) in market value over three days following a report by a short seller that claimed he was behind the “largest con in corporate history”.Shares of Gautam Adani’s flagship Adani Enterprises sank by 20% on Friday alone in the wake …
Business
Sky News
Shapps demands decade-long steel jobs guarantee as part of £600m aid plan
Britain’s two biggest steelmakers would be required to guarantee thousands of jobs for a decade in return for £600m of government support to help decarbonise the industry.Sky News has learnt that Grant Shapps, the business secretary, has told Tata Steel and British Steel that they must safeguard UK-based jobs for ten years if they are …
Business
Business Live
Superdry downgrades profits amid wholesale shipping delays
Superdry has downgraded profit forecasts for this year to break even despite a Christmas sales boost, after the fashion chain suffered a hit from shipping delays. Bosses at the Gloucestershire-headquartered clothing retailer told investors on Friday (January 27) revenues in its wholesale business slumped by more than half in the nine weeks to December 31 …
Business
Business Live
Revealed: the Sunday Times list of biggest UK taxpayers
Some of the biggest names in UK business have been included on the 2023 Sunday Times tax list which is published today. The list of the UKJ’s top 100 taxpayers includes the owners of Betfred, retail giant Frasers Group, Dunelm and Triumph Motorcycles. And as Tory cabinet member Nadhim Zahawi remains embroiled in controversy over …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources