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US metal recovery company sets up base in Newry with promise of ‘multiple’ jobs
A US metal trading company has set up a new base in Newry and pledged to bring “multiple” jobs to the County Down town. Techemet has bought two 5,000 square feet units in the Carnbane Industrial Estate for £2.1 million through real estate agency Bradley NI. Based in Pasadena, Texas, Techemet recovers and recycles high …
Business
Business Live
From electric planes to unmanned drones, what does the future hold for air travel?
It’s not been an easy few years for the aviation industry. First the pandemic grounded planes, then there were sweeping cuts to the sector’s global workforce, and now surging inflation and supply chain issues caused by the war in Ukraine are posing new challenges. Despite difficulties facing the industry, there is still plenty going on …
Business
Business Live
Welsh distillery sees sales surge 400% after Hairy Bikers TV appearance
A distillery in west Wales has seen sales surge after appearing on TV chefs the Hairy Bikers new show earlier this month. In the Welsh Wind, based in Ceredigion, said sales of its spirits and Welsh Cask Vinegar has increased 400% after it appeared on the Hairy Bikers Go Local television series. Traffic to the …
Business
Sky News
Warning of ‘significant job losses’ at Asda as it faces potential strikes over ‘efficiency’ plans
Asda is facing the prospect of strike action unless it makes significant concessions on its self-styled “efficiency” plans that have placed thousands of jobs at risk, a union source has told Sky News.GMB representatives met late on Thursday – hours after Asda revealed a set of proposals that mainly involved moving away from some higher-paid …
Business
Evening Standard
Escalation of strikes by civil service union in long-running pay and jobs row
Workers at jobcentres and benefit offices are to take 20 days of strike action in an escalation of the bitter dispute over the pay, jobs and conditions of civil servants.Members of the Public and Commercial Services union (PCS) at four jobcentres in Liverpool, a Department for Work and Pensions contact centre in Stockport and a …
Business
Evening Standard
Superdry cuts profit outlook as wholesale slumps
Fashion chain Superdry has warned investors that it expects to break even for the full year after suffering a hit from shipping delays, despite enjoying a boost in sales over Christmas and Black Friday.The group said revenues in its wholesale business slumped by more than 57% in the nine weeks to December 31 due to …
Business
Evening Standard
Wholesale group Bestway takes 3.45% stake in Sainsbury’s
Costcutter and Well Pharmacy owner Bestway Group has bought a 3.45% stake in Sainsbury’s that could be worth around £193 million.The business, which said it is the seventh largest family-owned firm in the UK with a turnover of about £4.5 billion, announced it had acquired or agreed to acquire more than 80.7 million shares in …
Business
Sky News
UK’s new top taxpayer named as little-known billionaire born in Russia
A Russian-born City billionaire is the UK’s top taxpayer, according to a closely watched list.Alex Gerko, the founder of XTX Markets who has British citizenship, was deemed to have stumped up £487.4m in the last tax year by the Sunday Times Tax List. The sum is the equivalent of around £55,639 an hour, the report …
Business
Evening Standard
Russian-born mathematician biggest taxpayer in the UK last year
A mathematician who was born in Russia and has spoken out against Vladimir Putin’s war in Ukraine was the UK’s biggest taxpayer last year.The Sunday Times tax list revealed on Friday that 100 wealthy people or families contributed nearly £5.2 billion in tax in the UK last year.Nearly £1 in every £10 of this came …
Business
Evening Standard
Trade department has made progress but needs to co-operate better, says report
The Department for International Trade has “made progress” towards selling the UK as an investment destination, but needs to co-ordinate better with other authorities, the Government’s official auditors have said.The National Audit Office (NAO) found that the department – known by its acronym DIT – has supported considerably fewer cases of direct investment from abroad, …
Business
Sky News
Hunt dismisses economic ‘gloom’ as he dashes Tory hopes of tax cuts
Chancellor Jeremy Hunt has dismissed economic “gloom” in a major speech today as he promised to use “Brexit freedoms” to increase growth and productivity in the UK.Speaking at Bloomberg’s European headquarters in London, he attacked “declinism”, instead saying the country was “poised to play a leading role in Europe and across the world in the …
Business
Sky News
Chancellor dismisses economic ‘gloom’ as he dashes Tory hopes of tax cuts
Chancellor Jeremy Hunt has dismissed economic “gloom” in a major speech today as he promised to use “Brexit freedoms” to increase growth and productivity in the UK.Speaking at Bloomberg’s European headquarters in London, he attacked “declinism”, instead saying the country was “poised to play a leading role in Europe and across the world in the …

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