Latest Stories All Stories

Business
Business Live
Trio of Teesside residential portfolios sold in £7m investment deal
A trio of North East property portfolios has been sold for more than £7m in an investment deal. Houses with a total of 317 bedroom have been sold in the multimillion-pound transaction, which involved a private client of property firm Avison Young. The sale of the three off-market residential portfolios involved homes in Middlesbrough and …
Business
Business Live
Redrow reports strong financial year as profits return to pre-Covid levels
Housebuilder Redrow’s annual profits have returned to pre-pandemic record levels. The FTSE 250 business saw a strong financial year to 3 July 2022, but cautioned over a cooling housing market amid the cost-of-living crisis. In its financial results, the Flintshire-headquartered firm reported a 31% rise in pre-tax profits to £410m, returning to the all-time highs …
Business
Sky News
Businesses to learn next week how the government will help with energy bills
Businesses will learn next week about how the government will help them to navigate the energy crisis.A spokesman for Prime Minister Liz Truss said on Wednesday that the scheme will help businesses with October bills and will be backdated if implementation is delayed. He said: “We will confirm further details of the business support scheme …
Business
Business Live
Green light tipped for landmark offices next to Co-op’s headquarters
Plans to build landmark offices next to the Co-op’s headquarters in Manchester city centre have been recommended for approval. Applicant NOMA is behind the scheme for 2 and 3 Angel Square which would together include around 440,000 sq ft of office space and accommodate 4,400 workers. The proposals come after 1 Angel Square, where the …
Business
Evening Standard
FOMO fuels scotch sales boom at Artisanal Spirits
The “FOMO factor” is boosting sales at Scottish Malt Whisky Society owner Artisanal Spirits as customers race to get their hands on the latest limited edition Scotch.Revenue at the firm, which has a whisky club outpost in Farringdon, swelled 25% to £9.9 million in the first half of 2022, while membership of the society grew …
Business
Evening Standard
Dunelm sales leap as it navigates ‘challenging’ economic environment
Value homeware and furnishings retailer Dunelm has recorded bumper annual profits and sales but said it is prepared for the “challenging environment” of cost of living challenges and inflationary pressures ahead.Pre-tax profit at the group hit £209 million across the year a boost of 34.9% and sales leapt by almost a fifth to £1.55 billion …
Business
Evening Standard
‘Something awry’ at Naked Wines as new director leaves after three weeks
An analyst said “something has gone awry” at Naked Wines as a director left after only three weeks in the job, the business warned it is reviewing its plans for the next 18 months, and shares tanked.The online retailer’s shares dropped by another quarter when markets first opened after the update, released late on Tuesday.Naked …
Business
Evening Standard
‘Something awry’ at Naked Wines as new director leaves after three weeks
An analyst said “something has gone awry” at Naked Wines as a director left after only three weeks in the job, the business warned it is reviewing its plans for the next 18 months, and shares tanked.The online retailer’s shares dropped by another quarter when markets first opened after the update, released late on Tuesday.Naked …
Business
Sky News
Average UK house prices up 15.5% in the year to July
Average UK house prices increased by 15.5% in the year to July, up from the 7.8% increase seen in June, according to the Office for National Statistics.It is the highest annual inflation rate seen since May 2003, reflecting how prices in the same month last year were affected by the end of the stamp duty …
Business
Evening Standard
Small businesses call for help amid soaring bills
Small businesses are now looking to next week’s expected mini budget for help with soaring bills despite the slight easing in inflation.Some firms said on Wednesday that their energy bills had more than doubled in the past three months alone.Lesley So, founder of Derby-based eco-friendly drinks manufacturer So Good Kombucha, said the price of raw …
Business
Evening Standard
Redrow’s move into the commuter belt helps profit break records
Changing commuting patterns after Covid have helped Redrow, the FTSE 250 developer, take its profit past pre-pandemic levels to a new record, while rising interest rates are not yet a threat to demand.Its chief executive, Matthew Pratt, told the Standard there is “still some way to go” before the rising cost of home loans bites …
Business
Evening Standard
Redrow’s move into the commuter belt helps profit break records
Changing commuting patterns after Covid have helped Redrow, the FTSE 250 developer, take its profit past pre-pandemic levels to a new record, while rising interest rates are not yet a threat to demand.Its chief executive, Matthew Pratt, told the Standard there is “still some way to go” before the rising cost of home loans bites …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources