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Caerphilly-based biotech firm expanding on HSBC near £4m funding boost
A Caerphilly-based environmental biotechnology firm has secured a £3.9m funding line from HSBC UK to support its growth plans. Established in 2009, Biological Preparations specialises in replacing harmful, non-renewable chemicals with adaptive biotechnology that cleans, disinfects, augments, remediates and protects a range of environments. The switch to HSBC has doubled the firm’s working capital facility. …
Business
Evening Standard
Vertu registers profit increase but warns of rising electricity bill
Vertu Motors said it is facing a rise in its electricity bill from the start of October, as it and many other companies see their fixed-price energy deals run out.The business revealed that it is paying below market rate at the moment for its power, but this will change shortly.“It should be noted that the …
Business
Sky News
Truss set to freeze energy bills in first major policy initiative
A cap on wholesale gas costs to effectively freeze current energy bills is being finalised by the government as it moves to shield households and businesses from soaring prices.It is set to be the first major policy initiative of Liz Truss’s premiership as she takes over from Boris Johnson. After months of criticism over a …
Business
Business Live
Legal & General investing £200m to build 700-plus waterfront apartments in the centre of Cardiff
The Central Quay regeneration scheme at the former Brains brewery site in the centre of Cardiff has been boosted with a £200m investment that will see hundreds of new waterfront apartments built. Financial services giant Legal & General is investing to deliver 715 built to rent (BTR) apartments at the regeneration site – marking the …
Business
Business Live
Humber at the heart of ‘audacious’ new TV campaign from Phillips 66’s expanding Jet fuel brand
The Humber is at the heart of a new national advert from Jet – Phillips 66’s expanding UK fuel brand. The flagship forecourt by the US giant’s huge South Bank refinery is the location for the filming of what has been described as an “audacious new campaign” – as the company takes the drama out …
Business
Evening Standard
Euro tumbles to to 20-year low and pound slumps as energy fears spook markets
The euro plunged to a fresh 20-year low and sterling was at levels not seen since the start of lockdown as investors fretted about the energy crisis.With winter looming, currency traders are nervous about how much government spending will be needed to get businesses and consumers through — and the effect that might have on …
Business
Evening Standard
Warning pubs will need to charge £20 a pint to survive soaring energy bills
Thousands of pubs could close because it is not “viable” for landlords to raise the price of a pint to £15 or £20 to cover their soaring energy bills, a leading campaigner has said.Tom Stainer, the chief executive of the Campaign for Real Ale (Camra) group, told the Daily Star the cost of a pint …
Business
Evening Standard
New PM faces mounting recession risk after activity contracts in August – report
Britain’s new prime minister is facing a “heightened risk of recession” following new figures signalling the private sector contracted in August after activity slumped in the services sector.The widely-followed S&P Global/CIPS UK services PMI survey suggested the all-important services sector only just eked out growth last month, with a worse-than-expected reading of 50.9, down from …
Business
Evening Standard
City veteran steps down as CEO of Winterflood
City veteran Philip Yarrow is retiring as chief executive of Winterflood Securities after seven years in charge and 22 at the Cannon Street based broker.He will be replaced by a company insider — Bradley Dyer — who will step up from managing director and has worked at Winterflood for 18 years, including as its head …
Business
Evening Standard
Liz Truss ‘strongly considering freeze for energy bills due to economic squeeze’
Liz Truss is strongly considering freezing energy bills in a bid to ease the burden on households this winter, according to reports.The Foreign Secretary is widely tipped to win the Conservative leadership contest on Monday, before being handed the keys to Number 10 the following day.Having made tax cuts a key priority during her leadership …
Business
Business Live
Business park snapped up ahead of £40m scheme to create 250 jobs
A Cheshire business park has been acquired ahead of a £40m scheme to build new industrial and warehousing space that could create up to 250 jobs. Avro Business Park in Adlington has been snapped up by developer Chancerygate and specialist investor Bridges Fund Management as part of a joint venture partnership. The 7.85-acre site is …
Business
Business Live
Aston Martin supplier eyes profits after decade-long wait
A supplier to the likes of Aston Martin and McLaren expects to report a profit this year after a decade-long wait. Liverpool-based Surface Transforms, which manufactures carbon ceramic brake discs for the automotive and aircraft industries, said a deal with an original equipment manufacturer (OEM) means it will post a profit for the 12 months …

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