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McDonald’s and Greggs to close for Queen’s funeral
McDonald’s has announced it is to close for the Queen’s funeral to allow staff to “pay their respects”.The fast food chain tweeted that on Monday, its UK restaurants will be shut from midnight until 5pm.It has taken the action “in honour” of Her Majesty and to “enable everyone at McDonald’s to pay their respects”.The Queen …
Business
Business Live
Tommee Tippee baby products owner sees profits jump amid global growth
The North East owner of baby brand Tommee Tippee has seen its profits jump 77% on the back of global growth and new product development. Mayborn Group, which has more than 1,100 staff around the world, has it head office in Balliol Business Park in Newcastle, overseeing the group’s popular brands including Tommee Tippee baby …
Business
Business Live
Acquisitions boost bottom line for Gateley
A trio of acquisitions has boosted a positive year at legal services group Gateley. The listed group said revenue had climbed year on year from £121.4 million to £137.2 million for the 12 months to April 30, 2022. Pre-tax profit for the period also rose, from £16.3 million to £18 million. Chief executive Rod Waldie …
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 …

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