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Northumberland family haulage firm acquired by nearby company
A Northumberland haulage business that launched almost a century ago with just four cattle trucks has been acquired. Emmex Freight Services in Morpeth is run by husband-and-wife team Raymond and Sandra Hare, 96 years after Mr Hare’s grandfather James first started a business in the industry in Felton in 1928. Mr Hare joined the family …
Business
Business Live
Onshore wind pledge from Sir Keir Starmer as offshore needs heard at Grimsby operations epicentre
Labour leader Sir Keir Starmer used a visit to Grimsby to meet with senior clean energy industry figures, with an urgent need for a return for onshore wind and further offshore strategy agreed upon. Steps that could help cut bills as quick as possible were under the microscope as he made a rapid return to …
Business
Business Live
Engineering boss Phil Kite turns to alcohol – for new business venture
A former North East engineering firm boss turned ocean rower has launched a new drinks company inspired by his adventures – ahead of starting his next quest. Phil Kite has launched the Adventurers Drinks Company after discovering the long historical connection between adventuring and drinks companies as part of his new sporting adventures. After many …
Business
Business Live
One of Wales’s leading medtech firms Intelligent Ultrasound in £5m fundraising boost
Cardiff-based medtech firm Intelligent Ultrasound has raised nearly £5m to support its growth plans and hitting revenues of £25m in three years. The ultrasound artificial intelligence (AI) software and simulation company, which is listed on the Alternative Investment Marke, has secured irrevocable undertakings from existing and shareholders, which after fundraising expenses, will provide £4.8m in …
Business
Evening Standard
Tesla investor Scottish Mortgage sees asset plunge in markets turmoil
SCOTTISH Mortgage Investment Trust, one of the oldest funds in the City, today admitted its assets have plunged by 15% is just the last six months in the latest sign that stock pickers are finding it difficult to deal with wider economic turmoil.The £14 billion fund made a name for itself as an early investor …
Business
Sky News
Musk says Twitter ‘may face bankruptcy’ as more staff quit and top regulator issues warning
Elon Musk raised the possibility of Twitter going bankrupt as the company endured perhaps its most chaotic day since he took control two weeks ago.The world’s richest man outlined his concerns about the firm’s precarious financial position during his first mass call with its remaining employees, having already carried out thousands of sackings. Twitter endured …
Business
Sky News
The UK has one foot in a recession but it’s worth being wary of forecasts during uncertain times I Ed Conway
The UK now officially has one foot in a recession.That might on the face of it sound like a statement of the obvious. After all, for many households up and down the country it has felt pretty tough for quite some time. That the Office for National Statistics (ONS) is now saying that gross domestic …
Business
Sky News
The UK has one foot in a recession but it’s worth being wary of forecasts during uncertain times
The UK now officially has one foot in a recession.That might on the face of it sound like a statement of the obvious. After all, for many households up and down the country it has felt pretty tough for quite some time. That the Office for National Statistics (ONS) is now saying that gross domestic …
Business
Evening Standard
UK on course for recession after economy shrinks in September
The UK may have entered what experts say could be the longest recession in a century as official statisticians said the economy shrank by 0.2% between July and September.The Office for National Statistics (ONS) said gross domestic product (GDP) fell by 0.6% in September, in part due to the Queen’s funeral.It added to a 0.2% …
Press Release
Pressat
Fall in GDP heralds start of recession and the risk of serious economic decline, small firms warn
Responding to new Office for National Statistics (ONS) figures showing that GDP fell 0.2% in Q3 2022, Federation of Small Businesses (FSB) National Chair Martin McTague said: “Confirmation of a shrinking economy is dreadful news for small businesses that have been facing increasing recessionary pressures for months now. “Lower levels of reserves and resources mean …
Business
Evening Standard
RCN strike: Rishi Sunak says nurses’ pay demands ‘not affordable’
Prime Minister Rishi Sunak has said pay demands from unions representing nurses are “not affordable,” as the threat of strike action that will hit operations and appointments looms.Mr Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was meeting unions to resolve the issue.Steve Barclay …
Business
Sky News
KFC apologises for sending ‘unacceptable’ Kristallnacht message
KFC in Germany has apologised for inviting customers to “treat yourself” on Kristallnacht.The business sent the alert to its mobile app on the anniversary of the day in 1938 when thousands of Jewish-owned businesses, synagogues and homes were vandalised and destroyed. KFC’s message, sent on Wednesday, said: “It’s memorial day for Kristallnacht! Treat yourself with …

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