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Next phase of Digbeth tram extension begins
The next phase of the West Midlands Metro extension in Birmingham city centre has begun as preparations begin to lay track in Digbeth. The Eastside extension will connect the district with the HS2 station in Curzon Street and the business district at Bull Street via four new stops. After months of infrastructure work on creating …
Business
Business Live
Prime Minister opens satellite Number 10 office in Darlington
The Tees Valley Mayor Ben Houchen has hailed a move to open an “office for Number 10” in Darlington. Tees Valley Combined Authority says it understands the Prime Minister will use the space within the Darlington Economic Campus “on a regular basis”. The campus building at Brunswick Street will eventually bring together six Government departments …
Business
Business Live
Scale-up firms are key to boosting the economy but they need to be more evenly spread across the UK
As the Fast Growth 50 initiative has shown in Wales for the last 24 years, a small number of high growth businesses make a disproportionate impact on wealth and job creation every year. The wider impact of such ‘scale-up’ businesses – which grow at more than 20% per annum – is demonstrated by the latest …
Business
Evening Standard
Tesco pledges support for British egg sector in ‘uncertain times’
Tesco has announced a multi-million pound support package for its British egg suppliers and producers during a time of turbulence for the sector.Earlier this week the supermarket giant confirmed it had introduced a temporary buying limit of three boxes of eggs per customer as a precautionary measure amid the impact on supply of rising costs …
Press Release
Pressat
CONRAD ENERGY AWARDED SIGNIFICANT PATHFINDER CONTRACT BY NATIONAL GRID ESO
Conrad Energy, the largest flexible power producer in the UK, continues to put supporting the transition to a low carbon economy at the heart of their strategic plans. Conrad Energy are delighted to have been awarded a stability pathfinder contract with National Grid ESO to help enable the operation of the UK’s national electricity transmission …
Business
Evening Standard
easyJet investors ‘cautiously optimistic’ in return to pre-pandemic travel
easyJet is set to reveal how successfully it has managed to claw back the £1 billion in losses it posted last year, after a rebound in summer holidays.Investors will be closely watching the airline’s full-year results, unveiled on Tuesday, for an indication of the group’s post-pandemic recovery and its outlook for international travel.easyJet is expected …
Business
Sky News
Councils paying millions more for temporary accommodation in social housing shortage
An extra £118m, at least, will be spent this year on temporary accommodation, such as hotels and B&Bs, by councils, a Sky News investigation has found.If trends continue, local authorities in England will spend nearly a quarter more (24%) this financial year than pre-COVID-19. Outside London, expenditure is on track to increase by 55%.The number …
Business
Sky News
Ex-Greene King CEO drinks to new funds amid talks with lenders
A pubs industry veteran is drinking to his biggest shareholder after it injected new funding into his business amid talks with lenders.Sky News understands that Oaktree Capital has in recent weeks committed millions of pounds to RedCat Pub Company, set up by Rooney Anand, which trades from roughly 120 venues. An industry source said Oaktree …
Business
Sky News
Primark to open four new stores and create 850 jobs
Primark has announced a £140m investment leading to the opening of four new shops and the creation of at least 850 jobs. Parent company Associated British Food said it plans to make the investment over the next two years in its UK operations. As part of that investment the company said “at least” four news …
Business
Sky News
Adidas launches probe into claims Kanye West showed porn and explicit images of Kim Kardashian to staff
Adidas is launching an investigation into allegations of misconduct against Kanye West, including claims he showed pornography and explicit images of Kim Kardashian to staff members.The German sportswear giant, which ended its partnership with the rapper last month, said it received an anonymous letter containing several allegations against the rapper. The independent probe follows a …
Business
Sky News
‘Painful, but necessary’: Twitter to launch gold and grey verification ticks alongside blue check mark
Twitter will roll out gold and grey verification check marks when it relaunches the delayed blue tick service next week, owner Elon Musk has announced.The move was “painful, but necessary”, the billionaire chief executive said in a post on the social media platform. All verified accounts will be manually authenticated before the tick is activated, …
Business
Evening Standard
‘Truly abysmal’ performance of ‘green’ and ‘ethical’ City funds
Most City funds that pledge to invest only in green or “ethical” shares are massively underwater this year, the latest blow to a sector that is battling for credibility.Analysis of the funds for the Evening Standard finds that on average they have lost 13.5% so far this year, compared to a stock market that is …

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