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Kilfrost hails strong position as it returns to profit amid recovery from Covid disruption
Aircraft de-icer firm Kilfrost has returned to profit following a period of major disruption to the global aviation industry. The historic North East manufacturer, which operates a Haltwhistle factory, reported operating profit of £1.2m in the year to the end of March 2022, a turnaround from a £235,000 loss the previous year. Turnover at the …
Business
Evening Standard
Bank of England postpones next week’s interest rate decision after Queen’s death
A widely expected rise in interest rates has been put on hold due to the death of the Queen, the Bank of England has said.The Bank said that decision makers on its Monetary Policy Committee would not meet as scheduled next week.Instead the meeting, at which committee members were expected to hike rates again, will …
Business
Evening Standard
No 10 assures energy bills freeze will go ahead despite Queen’s mourning period
Downing Street has assured it does not believe the mourning period for the Queen’s death will have any impact on Liz Truss’s new policy to prevent average energy bills soaring past £2,500.The Prime Minister’s official spokesman said on Friday that the two-year energy price guarantee for Britain will be ready for households from October 1, …
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Business Live
Seaward Electronic boosts turnover in ‘challenging’ year that brought price rises
North East electrical testing equipment maker Seaward has reported a 20.6% rise in turnover to £19.8m and a rise in operating profit despite what it described as a challenging year. The global exporter of kit used in hospitals, by electrical installers and in the solar industry said 2021 had brought revenue growth beyond the board’s …
Business
Business Live
Humber business community pays tribute to Her Majesty Queen Elizabeth II
Tributes have been paid by the Humber business community on the passing of the Queen. Lord-Lieutenant of the East Riding of Yorkshire, James Dick OBE, described receiving the news “with great sorrow”. The former global president of medical services giant Smith & Nephew’s Hull-based wound management division, was appointed in 2019. He said: “Our thoughts …
Business
Business Live
The Queen’s visits to the Humber business community
Business
Business Live
Northern Ireland homebuyer enquiries slide but tight supply underpins prices – RICS
Homebuyer enquiries in Northern Ireland fell last month at the fastest rate since the early stages of the Covid-19 pandemic, but prices are still rising, according to estate agents. The latest report from the RICS (Royal Institution of Chartered Surveyors) and Ulster Bank said the cost-of-living crisis and “wider economic challenges” have deterred new buyers …
Business
Business Live
Global news provider Insider sets up Northern Ireland base with 50 tech jobs
A global digital news company is to create 50 new jobs as it sets up a new technology base in Northern Ireland. New-York-based Insider Inc said the province’s strong tech talent pool had attracted it to the region where the new Technology and Product Hub will work closely with the company’s global business. The new …
Business
Evening Standard
Asos warns over weak August sales as inflation weighs on shoppers
Asos has cautioned over profits after sales fell below expectations in August as consumers tightened their belts in response to rising bills.The online fashion giant said it saw “good growth” in June and July and expects total sales for the year to August 31 to remain within market expectations.However, it said it is now witnessing …
Business
Evening Standard
London Stock Exchange opens and trading continues as City mourns
The London Stock Exchange said it will open and trade as normal on Friday following the Queen’s death.It comes as the nation starts a period of mourning to mark the death of its former monarch on Thursday afternoon.The Exchange confirmed trading will also “close at the normal times” on Friday afternoon.Trading will continue at the …
Business
Evening Standard
Drivers ‘risk being priced out of the electric revolution’
Demand for electric cars is at risk of stalling due to a lack of affordable models and high energy prices, new analysis warns.A report by consumer website Electrifying.com stated that there are just seven new electric cars on sale in the UK for under £30,000.That compares with 107 petrol or diesel cars in the same …
Business
Evening Standard
Many people do not feel part of their local community, study suggests
Two out of five people do not feel part of their local community with many planning to move out of the area, a new study suggests.A survey by the Co-op of more than 2,100 adults found those living in the West Midlands, London and Scotland were least likely to feel part of their community.Northern Ireland …

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