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Inflatable hot tub seller Clever-Company goes into administration
Inflatable hot tub firm Clever-Company has gone into administration after demand for its products fell amid rising energy costs. Halton-based Clever-Company supplied inflatable hot tubs and related accessories to retailers and directly to consumers. The company saw increased demand for its products during the pandemic – but that demand has fallen in recent months. READ …
Business
Business Live
Wrightbus signs deal for 100 zero emissions buses with Northern Ireland transport provider
Ballymena busmaker Wrightbus has landed a contract for 100 zero emission buses in its own backyard with Northern Ireland’s public transport provider. The province’s infrastructure minister, in one of a hastily released announcements ahead of the dissolution of the Assembly on Thursday, said the deal had been signed this week between Translink and Wrightbus. Infrastructure …
Business
Evening Standard
Red Bull loses legal battle against gin maker with ‘bull’ in its name
Artisanal gin-maker Bullards has won a legal battle against Red Bull, after the energy drinks manufacturer claimed that the word “bull” within Bullards could cause confusion.Norwich-based spirits firm Bullards, which has about 10 staff, had received a letter from lawyers acting for Red Bull opposing its application to register Bullards as a trademark.The letter claimed …
Business
Evening Standard
British Airways owner IAG boosts profits despite Heathrow chaos
British Airways owner IAG marked a return to profitability in the third quarter despite complaints of passenger turmoil at Heathrowairport.IAG said: “Capacity operated out of London Heathrow airport was lower than originally planned” and that it was “managing the impact on British Airways’ customers and operations of the decision by Heathrow airport to cap passenger …
Business
Business Live
Autumn Statement: £50 billion tax hikes and spending cuts considered to fill fiscal black hole
Rishi Sunak and Chancellor Jeremy Hunt are said to be looking at spending cuts and tax rises of £50million ahead of next month’s Autumn statement. At a meeting on Thursday, they were warned economic growth is forecast to drop amid fears of a recession. Treasury sources have not put a figure on the savings being …
Business
Evening Standard
A third of mortgage holders struggling with payments amid rising rates, ONS says
Half of people who have a mortgage have said they are worried about rising interest rates, according to a new survey.Data from the Office for National Statistics (ONS) revealed that around a third of people who are paying rent or mortgage payments have seen their payments go up in the last six months.As a result, …
Business
Business Live
Local authority’s approach to small business praised by FSB with inaugural award as spotlight returns
Support for the local small business community has earned North East Lincolnshire Council an inaugural national award. Its holistic and collaborative approach to supporting SMEs has been heralded as transformational, “creating an environment conducive to long ­term success for local businesses”. Projects highlighted by the Federation of Small Businesses’ Local Government Awards included business workshops …
Business
Evening Standard
NatWest boss: “Anxiety levels are high”, as bad debts rocket
Britain’s top four high street lenders have set aside towards £2.5 billion this week to deal with bad debts, a clear sign that the bankers are preparing for a recession.Today NatWest recorded an “impairment charge” of £242 million for the last three months alone. That compares favourably to Barclays at £381 million, Lloyds Bank at …
Business
Business Live
Transport bosses asked to look at rail connections to Belfast International and City airports
Northern Ireland’s Department for Infrastructure has asked officials to explore rail connections to Belfast’s two airports and a line from Derry to Portadown. It comes ahead of the anticipated completion of the All Island Rail Review in conjunction with Ireland’s Transport Minister Eamon Ryan. Outgoing infrastructure minister John O’Dowd said the outcome of the review …
Business
Evening Standard
PM eyes £50 billion tax hikes and spending cuts amid ‘massive fiscal black hole’
Rishi Sunak and Chancellor Jeremy Hunt are considering up to £50 billion of spending cuts and tax rises as they confront a gaping financial black hole ahead of the autumn budget.The pair held a meeting on Thursday lasting more than an hour and characterised as “sober”, as they were warned economic growth is forecast to …
Business
Sky News
NatWest boss defends amount of tax banks pay
The head of NatWest, which is part state-owned, has defended the amount of tax that big banks pay.Alison Rose, the chief executive, said banks were taxed more than “any other sector” and more than the financial service sectors in other countries. Speaking on Ian King Live, Ms Rose said: “On taxes, the banking sector already …
Business
Sky News
Amazon value down as slowest growth expected over Christmas period
Shares in Amazon fell as the company expected slower Christmas sales and increased expenses.Shares fell nearly 20% as inflation and interest rate costs threatened to eat up profits. The world’s largest online retailer forecast comparatively weak growth for the next three months, typically the busiest Christmas period.The lacklustre forecast came at the same time that …

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