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Princes completes £60m investment in its Cardiff soft drinks factory
Food and drink manufacturer Princes has opened its expanded drinks facility in Cardiff following the completion of its £60m investment into the site. The overall capital investment, which is the largest ever undertaken by the company in soft drinks, has enabled the company to install seven new soft drinks production lines as well as upgrade …
Business
Business Live
Hull tax professional joins HMRC anti-abuse advisory panel
An experienced Hull tax professional has been appointed to a high profile role advising on the legality of arrangements. Fiona Phillips, a partner at Andrew Jackson Solicitors, has joined HM Revenue & Customs’ General Anti-Abuse Rule independent advisory panel. The 10-strong team is made up of senior tax practitioners and legal professionals, and was launched …
Business
Sky News
Apple given deadline for swapping iPhone lightning port for USB-C
Apple has been given an official deadline to swap the lightning charging port on new iPhones to USB-C.The company has reluctantly confirmed it will comply with the EU directive, which will require all smartphones, tablets, cameras, and other small devices to adopt the same standard. While the bloc said the move would reduce e-waste and …
Business
Evening Standard
Primark to open 10 shops before Christmas amid ‘encouraging’ sales
Primark will open 10 new shops before Christmas as it continues with its expansion plan, the budget fashion retailer’s owner Associated British Foods (ABF) said.The announcement comes after ABF held firm on its trading guidance for the year ahead of its annual general meeting on Friday.Michael McLintock, chairman of the business, maintained its forecasts despite …
Business
Evening Standard
Santander hit with fine over ‘serious and persistent’ money laundering failures
SANTANDER was today whacked with a £108 million fine for what the Citywatchdog called “serious and persistent” money laundering failures.While that is not the biggest fine for money-laundering dished out in recent years, it is a serious embarrassment to a bank trying to present an image as a wholesome, friendly high street bank.It has been …
Business
Business Live
Construction starts on 1,000-job battery plant for Envision AESC in North East
A £450m project to build a 1,000-job electric vehicle battery plant in Sunderland is now under way after a ceremony set construction. in motion. Battery firm Envision AESC first launched plans to build the plant – its second in the North East – back in the summer of 2021, with its multimillion-pound investment forming part …
Business
Business Live
Belfast software company ProAptivity makes “six figure” acquisition in Bedford
Belfast software company ProAptivity has bought a Bedford peer for a “six-figure” sum. The acquisition of JI Software is expected to triple ProAptivity’s customer base –bringing both Cambridge and Oxford University onto its client list – and help it achieve a target of 40% turnover growth in the next three years. Although not disclosing the …
Business
Evening Standard
Unleash the banks, says Hunt, as bank of Ant n Dec fined £108m
Exactly one year ago NatWest was fined £264 million for money laundering failures involving a jeweller in Bradford called Fowler Oldfield.What devious, sophisticated scheme did the criminals use to outwit NatWest’s high-level surveillance?Well, mostly they just dumped black bin liners full of cash at a branch in amounts so large that the bank’s safe couldn’t …
Business
Business Live
Tough motors market blamed for collapse of £400m Evans Halshaw and Stratstone group bid
A £400 million bid to buy the Evans Halshaw and Stratstone car dealer group has collapsed. Sweden’s Hedin Mobility Group said it was no longer interested in buying Nottingham-based Pendragon PLC due to what it called the “challenging market conditions and uncertain economic outlook”. However it said it could still make a bid at a …
Business
Evening Standard
Chancellor cuts red tape and axes EU rules in UK banking overhaul
The Government has launched a raft of major reforms to the financial sector to replace EU regulation and cut red tape.Chancellor Jeremy Hunt said the so-called “Edinburgh Reforms” will seize on “Brexit freedoms” to overhaul banking rules, with changes including a review of accountability rules for bankers and easing capital requirements for smaller lenders.The package …
Business
Evening Standard
10-year-old wins Big Issue Christmas cover design contest
A 10-year-old boy has won this year’s competition to design the Christmas cover of the Big Issue with his colourful picture of a snowman dressed as one of the magazine’s vendors.Judges praised Fergus Rutherford-Moyler from Glasgow for his collage of a snowman dressed in the famous red Big Issue tabard and cap, with a Big …
Business
Sky News
Watchdog warning over passport delays as demand set to be high again next year
About 360,000 UK citizens were waiting more than 10 weeks for a passport this year – despite a record number of applications being processed – as staffing problems and system difficulties caused delays.A report from the National Audit Office (NAO) into the delays at His Majesty’s Passport Office (HMPO) found they were caused by recruitment …

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