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Conveyor manufacturer SE-TEK collapsed owing £3.8m, report shows
A maker of conveyor systems for the mining and construction sectors went bust owing more than £3.8m, a report from administrators reveals. SE-TEK, which was set up only last year following the management buyout of Komatsu Mining’s UK operation, collapsed last month despite indications it was growing fast with “substantial” new business wins. Documents prepared …
Business
Business Live
Tata Steel takes on more than 100 apprentices
Tata Steel has welcomed a new wave of more than 130 apprentices across its UK operations. Some 116 of the 137 have joined the Indian-owned steelmaker’s apprenticeship scheme in Wales – the vast majority (73) at its primary steelmaking plant in Port Talbot. The other apprentices in Wales have been assigned to Tata’s downstream operations …
Business
Sky News
A year of free wine is on offer for customers who help retailer with a pretty unusual request
A wine retailer is offering a year’s supply to thirsty customers who help find the perfect venues for new stores.Majestic – which currently has 201 shops nationwide – says it has a wish list of 76 locations across the UK, and plans to continue expanding despite the cost of living crisis. Chief executive John Colley said: …
Business
Sky News
Revealed: The best (and worst) airlines for delays at UK airports
The worst airline for delays at UK airports last year was Wizz Air, an investigation has found.Its departures were an average 14 minutes and 24 seconds behind schedule in 2021, according to analysis of Civil Aviation Authority (CAA) data. The Hungarian company operates from 10 UK airports including Gatwick, Luton and Cardiff.Tui was second with …
Business
Evening Standard
Truss ‘favours targeted help over support for all’ to ease cost-of-living crisis
The Liz Truss camp has said the Tory leadership frontrunner is leaning towards targeted support over help for all to ease the cost-of-living crisis, but maintained she is not “ruling anything out” at this stage.As the contest enters its final week, the country is still in the dark about exactly how either candidate would act …
Business
Evening Standard
Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar
Nearly one in four adults plan never to turn their heating on this winter, polling suggests, as average bills are set to rocket while the temperature drops.This figure is even higher for parents with children under 18, according to a Savanta ComRes survey carried out before the new price cap was announced.The pollsters asked more …
Business
Evening Standard
Home energy efficiency improvements ‘plummet at worst possible time’
Home insulation and other energy efficiency improvements have plummeted at the “worst possible time” for Britain, Labour has warned, as spiralling bills paint a bleak picture for the cold months ahead.Analysis by the party found that installations fell by more than 50% in the first half of 2022 compared with the same period in 2021, …
Business
Evening Standard
Wine retailer Majestic eyes 76 UK locations amid expansion plans
The boss of Majestic has said the wine retailer is “optimistic” despite pressure on customer budgets as he laid out plans for the retailer’s continued store expansion.The wine retailer, which was bought by private equity firm Fortress for £95 million in 2019, said it is targeting a wish-list of 76 potential store locations across the …
Business
Evening Standard
Wine retailer Majestic eyes 76 UK locations amid expansion plans
The boss of Majestic has said the wine retailer is “optimistic” despite pressure on customer budgets as he laid out plans for the retailer’s continued store expansion.The wine retailer, which was bought by private equity firm Fortress for £95 million in 2019, said it is targeting a wish-list of 76 potential store locations across the …
Business
Evening Standard
Small businesses owed £23,000 in late payments amid soaring energy bills
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners.Late payments totalled £22,700 for the average small business, with at least one overdue invoice in May, representing a 6% year-on-year rise.This amounts to 65% of …
Business
Sky News
‘Heartbreaking’ choices that Britons will have to make this winter revealed in new poll
Millions of people in the UK will not turn their heating on this winter because of rising energy bills, a survey suggests.The poll, commissioned by the Liberal Democrats, showed 23% of adults plan to take this drastic move, rising to 27% for those with children at home. The results also showed 23% would be forced …
Business
Sky News
Joules’ rescue talks with Next stumble after latest profit alert
The struggling fashion chain Joules’ hopes of securing a lifeline from the high street behemoth Next have hit a stumbling block days after it issued a fresh profits alert.Sky News has learnt that the two companies are not close to agreeing the terms of an investment from Next more than three weeks after confirming they …

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