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Kromek announces £1.5m contracts with European government bodies
North East technology firm Kromek has announced contracts totalling £1.5m for the supply of radiation detectors to two European governmental bodies. The County Durham firm, which develops and manufactures radiation and bio-detection technology solutions, is supplying its D3M and D3S-based nuclear security products to two “European government end-users”. It said that delivery of the products …
Business
Sky News
Higher risk of households defaulting on loans as Bank warns of worsening financial conditions
“Significant pressure” will be placed on the ability of households to meet their debts, the Bank of England has said in its latest health check of the UK’s financial system.Its Financial Stability Report, published on Tuesday morning, warned that economic conditions had deteriorated. It also revealed plans for a stress test covering investment funds and …
Business
Evening Standard
Number of working days lost to strikes reaches highest for more than a decade
The number of working days lost to strike action hit the highest in more than a decade in October, as official figures also showed a widening gulf between pay growth for private and public sector workers.The Office for National Statistics (ONS) said that 417,000 working days were lost to labour disputes in October – the …
Business
Business Live
Zytronic sounds cautious note as trading shows signs of recovery
Touch sensors specialist Zytronic says it has improved performance despite continued unpredictability across its supply chains and key markets. The Blaydon-based firm reported a rise in revenue to £12.3m from £11.7m in the year to the end of September and said sales of its technology were boosted across its gaming and vending markets, but offset …
Business
Business Live
Shield Therapeutics eyes £14.7m fund raise and seals deal with healthcare company
Gateshead drug manufacturer Shield Therapeutics is aiming to raise £14.7m ($18m) via a share placing and subscription move. Announcing the move to the London Stock Exchange, Shield said it had also extended its convertible debt facility with shareholder AOP Health International Management AG by $10m. The subscription and placing comes at 6p per share – …
Business
Sky News
Striking similarities to ‘winter of discontent’ in 1970s within latest employment figures
Wages are climbing at close to their fastest pace since records began.Yet, workers’ pay packets are declining at close to their fastest pace since records began. Both of these seemingly contradictory statements are true. Workers are fighting for pay rises and are having some success but the gains are no match for inflation, which is …
Business
Evening Standard
Month of rail chaos begins with first 48-hour strike, as nursing walkout looms
A month of rail disruption has begun, with workers walking out in the first of a wave of 48-hour strikes, as nurses prepare to take unprecedented industrial action.Members of the Rail, Maritime and Transport (RMT) union are pressing ahead with two 48-hour strikes at Network Rail – and 14 train companies – from Tuesday and …
Business
Evening Standard
ScotRail warns of disruption ahead of latest rail strikes
ScotRail has warned passengers to expect massive disruption during the latest round of RMT strikes.While the dispute does not involve ScotRail staff directly, it will have an impact on the ability of the operator to run its trains on the network.Members of the union at Network Rail rejected the latest pay offer on Monday.Action is …
Business
Evening Standard
Capita sheds debt and sees revenues grow on new contract wins
Outsourcing giant Capita has seen its revenues lifted by its contract with the Royal Navy, with debts slimmed as it shed an area of the business.The firm reported 2% adjusted group revenue growth in the 11 months to November 30 in its pre-close trading update to investors.This was helped by its public services arm, which …
Business
Evening Standard
Regulator finds disabled passengers missed flights due to Heathrow’s failings
Many disabled and less mobile passengers missed summer flights at Heathrow due to the airport’s poor accessibility performance, the aviation regulator has found.Bristol, Leeds Bradford and Luton Airports were also criticised by the Civil Aviation Authority (CAA) for their “unacceptable level of service to disabled people”.The CAA did not specify how many passengers missed flights …
Business
Sky News
Second largest fall in real wage growth since records began while unemployment rate ticks up
The UK recorded its second largest fall in real wage growth since records began in 2001 during October and the unemployment rate rose, according to new official jobs figures which also highlight the growing impact of strikes on the economy.The Office for National Statistics (ONS) reported that wage growth was 4.2% weaker when the effects …
Business
Sky News
Rail strikes to go ahead this week as RMT members reject offer
Rail strikes planned for later this week will go ahead as union members have voted to reject an offer from Network Rail.Planned work stoppages by members of the RMT union will take place on 13, 14 and 16 and 17 December. More strikes are planned from 6pm on 24 to 5.59am on 27 December.The offer …

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