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Kwarteng rules out wholesale reforms to bank ‘firewall’ regime
Kwasi Kwarteng, the chancellor, has ruled out tearing up the regime put in place to segregate high street lenders’ investment banking arms that was put in place after the 2008 financial crisis.Sky News has learnt that Mr Kwarteng told a gathering of industry chief executives this week that bank ring-fencing would not be scrapped or …
Business
Business Live
Lower UK and Europe sales for Jaguar Land Rover fail to offset China and North America gains
Lower sales in the UK and Europe failed to offset gains in China and North America for Jaguar Land Rover during its latest quarter, new figures have revealed. The automotive giant, which has UK operations across the Midlands and North West, has reported retail sales for the three months to the end of September 2022 …
Business
Business Live
Sales hit £20m for 142-year-old bird seed processor Johnston and Jeff
Sales have passed the £20 million mark for a long-standing East Yorkshire bird food manufacturer. Turnover was up virtually 20 per cent for Johnston and Jeff in 2021, with recently added expansion space filled and a second blending plant to be welcomed as it meets growing demand. The business had invested heavily pre-pandemic, with £1 …
Business
Business Live
Arco named as a top family business for apprentices
Arco, the UK’s leading safety company, has been named as one of the top 10 family businesses in the UK for employing apprentices. Its work and attitude to professional development saw it listed by Family Business United – the global voice of the family business community. The Hull firm features in the 2022 report looking …
Business
Business Live
Ulster University invests £10M to create Jordanstown sports village
Ulster University is to invest £10 million to transform part of its Jordanstown campus into a new “sports village” to further sporting excellence in Northern Ireland. The move follows the relocation of much of the university’s teaching and research facilities to Belfast city centre campus which has allowed the sports faculty room to grow at …
Press Release
Pressat
Silicon Valley Major Software Product Engineering Company Establishes European Headquarters in London, United Kingdom
Zymr, Inc., the full-stack product engineering services company is all set to tap into the multi-billion dollar UK market. Founded in 2012, Zymr has been consistently recognized for its breakthrough solutions, strategic insights, and execution excellence.The UK Subsidiary – Zymr Systems UK Ltd. – will also become the launch pad for other European Countries where …
Business
Sky News
BoE rate-setter’s vow on inflation fails to help stricken pound for long
The pound’s value ebbed and flowed on Friday – supported by a Bank of England deputy governor’s vow to persist in the fight against inflation but later hammered as stronger than expected US jobs data lifted the dollar.Remarks by Sir Dave Ramsden, a member of the monetary policy committee (MPC) which sets Bank rate, helped …
Business
Business Live
Redundancies to be made at Port of Liverpool as owner blames ‘economic backdrop’
Redundancies are to be made at the Port of Liverpool after its owner said the “marked deterioration” in the volume of containers it handles had made the move “extremely regrettable but now unavoidable, given the economic backdrop”. Peel Ports said the redundancy consultation process will start next week as it restructures its containers division. The …
Business
Business Live
The story of Wales’ own oil company and plans to go green
It’s the biggest independent oil firm in Wales with annual revenues of £115m and a nationwide network of forecourts and depots. Now founder of Oil 4 Wales, Colin Owens, says the company is looking to transition away from fossil fuels as it seeks a greener future in light of climate change. Colin, 71, first set …
Business
Business Live
Newcastle “rage” and escape rooms business up for sale with £30k price tag
A “rage room” business where punters can relieve the stresses of day-to-day life by smashing items such as TVs, laptops and glass bottles is on the market just months after it was set up. Smash Space UK, on Newcastle’s Scotswood Road, launched last year after 23-year-old Andy Reynolds saw the opportunity to bring the concept …
Business
Business Live
CPMG Architects helping design the vast ‘Dragon Valley’ resort near Shanghai
Nottingham-based CPMG Architects is working on the latest phase of a big leisure resort west of Shanghai. The practice‘s international base in Hangzhou, China has been working on the Inlong Narada resort since the masterplan stage in April, after being brought in by the site’s hotel operator Narada. The 530 acre site, two hours from …
Business
Business Live
Direct US and Middle East flights to Northern Ireland targeted under proposed airline funding scheme
Direct long haul flights from Northern Ireland to the US and Middle East are the target of an “unprecedented” government funding scheme designed to encourage airlines to trial long haul routes from the province. Economy minister Gordon Lyons said officials in his department are working on developing a new Northern Ireland Route Development Scheme (NIRDS) …

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