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Tekmar extends exclusivity period with potential global investor
North East offshore specialist Tekmar Group has extended its period of exclusivity with a firm being lined up as a potential business partner. The Darlington subsea cabling company announced in November that it was mulling a possible takeover deal, having launched a search for an investor to help it return to profit and push forward …
Business
Sky News
M&S to create thousands of jobs with plan for new stores across the UK
Marks & Spencer is to open 20 new shops and create thousands of new jobs, thanks to an investment in its stores worth £480m.New M&S stores will open at former Debenhams sites in Leeds, Liverpool, Manchester, Birmingham and Thurrock this year, the retailer has announced. More than 3,400 jobs will be created over three years, …
Business
Evening Standard
Just Eat to deliver Sainsbury’s orders within 30 minutes
Sainsbury’s will tap into Just Eat’s network of thousands of riders by the end of next month as it starts offering deliveries through the app.Customers of 175 Sainsbury’s shops across the UK will be able to order milk and other products though the Just Eat app, have a rider collect their order and get it …
Business
Sky News
House prices rise higher than expected in January alongside ‘pent-up’ buyer demand
The average price of a home jumped by £3,301 this month, at the same time as Rightmove saw double the amount of inquiries from prospective buyers.Across Britain the average asking price is now £362,438, which is 0.9% higher than in December, Rightmove said. It follows two months of falling prices, with January’s typical price tag …
Business
Business Live
Strong decline in East Midlands business activity according to latest NatWest business survey
The latest NatWest survey of industry leaders showed a strong decline in East Midlands business activity during December. The bank’s monthly PMI Business Activity Index for the region suggested the fastest fall in new orders since May 2020 and a drop in the number of jobs – however it also suggested inflationary pressures had eased. …
Business
Evening Standard
Number of Scots in work falls for first time in almost two years, says RBS
Scotland’s private sector recorded a “grim” performance in December with the number of people in employment falling for the first time in almost two years, the Royal Bank of Scotland has said.The ongoing drop in business and challenging demand conditions have resulted in the number of people in employment falling for the first time in …
Business
Sky News
Stricken finance group MJ Hudson to disclose bid approaches
A stricken financial services group that has had its shares suspended amid apparent accounting irregularities will this week disclose that it has received takeover approaches for parts of its business.Sky News has learnt that MJ Hudson, which floated on London’s junior stock market on the day of the 2019 general election, will announce on Monday …
Business
Sky News
Hospitality chief demands energy regulator names and shames suppliers
The energy watchdog must step in to penalise price-gouging behaviour by energy suppliers, according to the head of the lobbying group representing thousands of pubs, restaurants, hotels and gyms across Britain.In a letter to the chief executive of Ofgem from Kate Nicholls, the boss of UK Hospitality, which has been seen by Sky News, she …
Business
Evening Standard
Ocado set to post grocery growth in latest festive update
Ocado investors will be hoping it becomes the latest retailer to indicate that consumer spending over the key festive quarter was more resilient than many expected.The online retail giant is set to post an increase in grocery sales over the latest period when it updates investors on Tuesday January 17.The firm’s technology operation is also …
Business
Sky News
‘A man wrote that, for sure’: Sainsbury’s axes advert after backlash over women’s safety
Sainsbury’s has apologised for a clothing advert that was heavily criticised online for appearing to ignore women’s safety.The supermarket said it had axed the in-store poster, which features a woman wearing a £24 wrap dress and reads “For walks in the parks or strolls after dark”. Social media users pointed out that walking in the …
Business
Business Live
Fujifilm Diosynth Biotechnology reports big profit increase amid work to expand North East base
Pharmaceuticals firm Fujifilm Diosynth Biotechnologies saw a significant leap in revenue and profits as work to double the size of its Teesside operation continues. The contract manufacturer – which makes the Novavax Covid-19 vaccine at its Billingham site – filed accounts for the year to the end of March 2022 which show operating profits increased …
Business
Sky News
Land Securities lines up Channel 4’s Cheshire as next chairman
Land Securities Group, the FTSE-100 property owner, is lining up one of Britain’s most prominent boardroom figures as its next chairman.Sky News has learnt that Sir Ian Cheshire, the chairman of Channel 4 and Spire, the private hospital operator, has emerged as the leading candidate to replace Cressida Hogg as Landsec’s chairman. People close to …

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