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Meet the three North East firms to make list of top 100 UK innovators
Three North East businesses have made it onto a list of the top 100 new UK innovators. Startups 100, the index of disruptive new startups, has released its 2023 list to showcase new companies which display innovation, strong finances and opportunity in their markets, as well as strong concepts and customer bases. The latest list …
Business
Evening Standard
AO World ‘cautiously optimistic’ as cost-cutting boosts profits
AO World has said it is “cautiously optimistic” as the online electricals retailer revealed that moves to slash costs have helped the firm’s profits surpass expectations.Last year, the Bolton-based company closed its loss-making German business and launched actions designed to save at least £30 million a year by 2023-24, including axing a raft of senior …
Business
Business Live
Subsea engineers Tekmar win £10m of projects including Middle East work
Subsea cabling specialist Tekmar has secured a series of contract wins worth a combined £10m for its cable protection products and deck equipment. The North East firm, which is considering a takeover offer, told the London Stock Exchange that its Pipeshield International Limited and Subsea Innovation Limited businesses would deliver the contracts, which includes work …
Business
Sky News
Anti-strikes bill ‘will protect lives and respect right to strike’, minister says
Introducing mandatory minimum levels of service during strikes will protect people’s lives while respecting workers’ rights to stage walkouts, the business secretary has said.Grant Shapps told Sky News the anti-strikes bill he will introduce to parliament today will ensure there is no longer a “postcode lottery” for the public as key workers take action. The …
Business
Sky News
Consumer spending figures add to evidence the UK is in recession
Consumer spending failed to keep pace with inflation in December, figures suggest, likely bolstering the view among economists that the UK is in recession.Closely watched data from the British Retail Consortium (BRC) and Barclaycard showed spending rose by 6.9% and 4.4% in value terms respectively in December compared to a year ago. Both readings fell …
Business
Sky News
New scaled back energy support measures for businesses as old scheme to expire
Businesses are set to secure £5.5bn in scaled back government support to help them with their energy bills from the start of April, after the current scheme ends.The new Energy Bill Discount Scheme will reduce rather than cap energy costs for businesses and will last for 12 months. The latest measure replaces the Energy Bill …
Business
Sky News
Cyanide poisoning of energy boss shines light on corruption in South Africa
For the chief executives of most leading British companies, occupational hazards include the media publishing details of their salary, the occasional protest at the annual meeting and, if they are really unlucky, the unions turning up on their front drive to stage a demonstration.It’s certainly nothing along the lines of what has just been endured …
Business
Sky News
Industry leaders demand more energy relief, record sales at Rolls-Royce, and the UK’s first space launch
Among Ian King’s guests are: Cara Haffey at PwC on government changes to support on energy costs; Trevor Hope, from Gresham House Ventures, talking about investors backing small or emerging companies; and the Chief Executive of Rolls-Royce Motor Cars, Torsten Muller-Otvos, as they report record sales.:: Listen and subscribe to The Ian King Business Podcast …
Business
Sky News
Former chancellor Javid in talks to join investment firm Centricus
Sajid Javid, the former chancellor of the exchequer, is in talks about a role with an investment firm with close links to SoftBank, the giant Japanese conglomerate.Sky News has learnt that Mr Javid, who recently announced that he would not stand for re-election in his Bromsgrove seat, has held preliminary talks with Centricus, a London-based …
Business
Business Live
Gloucestershire shopping centre nears full occupancy after ‘raft’ of openings
The owner of the Five Valleys shopping centre in Gloucestershire has said the retail hub is close to full occupation after “a raft” of new businesses opened there. Developer Dransfield Properties, which has invested around £30m to regenerate the complex in Stroud town centre, said it had supported the arrival of six start-up businesses, with …
Business
Business Live
Wales’ first satellite set to blast off as part of UK’s first rocket launch
Wales’ first satellite will launch this evening as part of the first orbital rocket launch from British soil – marking the start of the UK’s space race. ForgeStar-0 is the first satellite designed and built in Wales which was created by Cardiff startup Space Forge. The Welsh satellite will be one of a small number …
Business
Business Live
Beal moves home as £5.5m new Hessle HQ completes
Beal Homes has moved into its own stunning new headquarters, marking a new chapter for East Yorkshire’s family-owned housebuilder. The Beal team has relocated across Boothferry Road at Bridgehead Business Park in Hessle to a showpiece new base as the company enters its 55th year. The £5.5 million state-of-the-art building is a major investment in …

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