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Business services firm WeDo takes a step into the Australia market with a seven-figure investment
A North West business services group has gained a foothold in the Australian market after making a seven-figure investment in a Brisbane-based invoice and trade finance company. WeDo Business Services, which is headquartered in Oldham, has taken a significant stake in Invoice Finance Group (IFG). IFG had been seeking an investment partner to add funding …
Business
Business Live
Very Group profits rise as online retail giant keeps control of costs despite inflationary pressures
Online retail giant the Very Group has seen its profits rise as it successfully managed costs despite growing inflationary pressures. The Liverpool-based group today announced profit before tax for the 52 weeks to 2 July 2022 of £63.9m – up 2.2% on 2021. That came despite a fall in revenues on 2021, which was the …
Business
Evening Standard
Premier Inn expansion ‘helped by fast decline of smaller hotels’
The rapid expansion of budget hospitality chain Premier Inn is being helped by the “accelerating decline” of the UK’s smaller independent hotels, its owner Whitbread said today.The company said the independents’ struggle for survival created a “favourable market backdrop” that provided  “increased opportunity for Premier Inn to grow market share”.It has upgraded its target for …
Business
Evening Standard
HSBC ditches finance chief as calls for windfall tax grow
HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.A surge in interest rates around the world saw the global bank’s third quarter profits jump by $1 …
Business
Sky News
Bank of England economist criticises government interaction with ‘other institutions’
The chief economist at the Bank of England has criticised the lack of cooperation between Liz Truss’s government and state economic institutions. Huw Pill said that the country would have benefitted from increased cooperation among institutions. Speaking at the Office of National Statistics (ONS) conference on understanding the cost of living through statistics, Mr Pill …
Business
Evening Standard
On The Beach reveals surge in five-star holidays while cheaper trips slump
On The Beach Group has revealed a surge in five-star and long-haul holiday bookings, which has lifted its full-year sales by 16%.Meanwhile, the online travel agency said that its value three-star holiday sales took a hit amid growing cost-of-living concerns in recent months.The company saw its sales jump ahead of pre-pandemic levels as the travel …
Business
Evening Standard
The rising cost of cheapest items on supermarket shelves
The Office for National Statistics (ONS) has said the cost of some of the cheapest food in supermarkets has risen by nearly two-thirds in the last year, heaping extra pressure on struggling households.Prices have risen across the board, but the ONS has collected 1.5 million prices over the last year to track changes to the …
Press Release
Pressat
The Sungsimdang Cultural Center Opens In Daejeon The City Of Bread
“Sungsimdang” is a must-see tourist site in Daejeon and one of the country’s finest bakeries. Sungsimdang is a well-known bakery that has been passed down through three generations, with the ‘Twi-so’ being the most popular. The signature bread of Sungsimdang is Twi-so which is cooked to a crisp on the exterior with red bean paste …
Business
Sky News
WhatsApp goes down for users across the UK
WhatsApp went down for users across the UK this morning, with tens of thousands of people reporting being unable to send or receive messages. Downdetector, which tracks outages, said more than 69,100 reports of problems had been submitted at 8.28am, with issues first detected just before 8am. However, the number of users that experienced issues …
Business
Sky News
HSBC profits rise as interest rates increase
British bank HSBC has recorded pre-tax profits of $6.5bn in the third quarter of this year amid hiked interest rates. Pre-tax profits at the bank were up from $1bn during the same period last year as it benefited from increased income from higher interest rates. Net interest income (the difference between what a bank earns …
Press Release
Pressat
Age UK Collaborates with Creative Virtual to Better Meet the Charity’s Goals with Conversational AI
Age UK improves their website experience and better supports Advice Line Advisors with V-Person™ technology London, UK – Creative Virtual, a world leader in conversational AI for customer and employee engagement, is the conversational AI provider of choice for Age UK. Age UK is the United Kingdom’s largest charity for older people, providing services and …
Press Release
Pressat
AllWater Technologies Graduate Project Engineer Presented with IChemE SIESO Medal
A Graduate Project Engineer from an independent company, AllWater Technologies Ltd, has been recognised with the SIESO Medal by the Institution of Chemical Engineers (IChemE). Presented at an awards ceremony on October 18th, Lauren Averill received the medal for her work on the 2021 process safety project, Deepwater Horizon Disaster. Described as a “significant award”, …

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