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Jobs saved at collapsed aerospace firm Electroflight as administrators sell off business
Collapsed South West aerospace and tech company Electroflight has been sold off in its entirety, saving all jobs within the business. The Gloucestershire-based firm, which developed the battery for Rolls-Royce’s world-record-breaking all-electric aircraft, appointed administrators on Monday (July 11). On Friday, business advisory firm Milsted Langdon confirmed Electroflight’s assets were sold “as a whole” to …
Business
Business Live
Northern Ireland housing market: new buyer enquiries fall to lowest in two years
The first concrete signs that the rising cost of living is impacting the housing market in Northern Ireland has emerged from the latest industry report. The RICS (Royal Institution of Chartered Surveyors) and Ulster Bank Residential Market Survey, which garners the thoughts of estate agents across the province, showed that the number of new buyer …
Business
Business Live
BT creates 100 Belfast jobs as part of digital expansion
BT is creating 100 new jobs in Belfast as part of an expansion of its digital team in the UK and India. It will be filling vacancies in product management, software engineering, cloud, design, data, AI and machine learning and agile delivery in a move designed to ramp up its in-house digital capabilities. BT said …
Business
Business Live
Council go-ahead to pursue bid to buy Grimsby’s Freshney Place as cinema operator named
Plans for North East Lincolnshire to buy Grimsby’s Freshney Place shopping centre have been approved. Local authority councillors gave the proposal their backing after leader Philip Jackson told how the purchase was “vital” to ensure a healthy future for the town centre. He had warned that other potential operators could just oversee further gradual decline. …
Business
Evening Standard
Burberry sales hit by Covid outbreaks in Mainland China
High-end fashion label Burberry has been hit by the resurgence of Covid in its largest market and key growth country China posting only a 1% rise in store sales across the group for the three months until the beginning of July.The fashion brand worn by celebrities including James Bond theme singer Billie Eilish, Stormzy,Rihanna and Harry …
Business
Sky News
All bets off as Racing Post sale falls at last hurdle
A takeover of the company which publishes the Racing Post is on the brink of collapse amid increasingly tough conditions for financing takeover deals.Sky News has learnt that Better Collective, which is based in Denmark but listed in Stockholm, is now unlikely to proceed with a deal after months of talks. The deal, which would …
Business
Evening Standard
Metal miner Ironveld launches attack on “vexatious” 9% shareholder
A METAL miner chaired by former England cricket and Majestic Wine supremo Giles Clarke today issued a blistering attack on one of its biggest investors.Ironveld, an Aim listed iron and magnesium miner, is accusing Richard Jennings of Align Research of conducting a campaign of “bullying, threats and coercion”.A statement to the stock market today reveals …
Business
Euro News
‘Politics can no longer miss out on crypto,’ says ex French deputy and Macron ally Pierre Person
Business
Sky News
Saudi Arabia’s PIF drives to Aston Martin’s aid under £653m fundraising
Saudi Arabia’s sovereign wealth fund, controlled by the country’s de facto leader Mohammed bin Salman, is to become the second-largest shareholder in Aston Martin Lagonda as part of a fundraising to shore up the struggling sports car brand.The company said on Friday it was looking to raise £653m in total. This would be done via …
Business
Evening Standard
Metro Bank appoints Hopkinson CFO
High street lender Metro Bank has appointed James Hopkinson as chief financial officer (CFO) and executive director.He will take up the post from 5 September subject to regulatory approval.Daniel Frumkin, CEO of Metro Bank, said: “James brings a wealth of experience in retail banking with a proven track record of growing businesses and managing finance teams. …
Business
Sky News
Zero-COVID policy blamed as China’s economy contracts, with Burberry among the victims
China’s zero-COVID policy is being blamed for a return to the red for its economy, with experts warning that recovery will be hampered by the darkening outlook for output globally.The authorities said the world’s second-largest economy contracted by 2.6% between April and June compared to the previous three months. It meant that Chinese growth stood …
Business
Sky News
Amazon to create more than 4,000 new permanent jobs in the UK this year
Amazon says it will create more than 4,000 new permanent jobs in the UK this year.The company said this would bring its permanent workforce to 75,000. The roles will be spread across the UK and include work at new fulfilment centres, where employees pack and ship customer orders, in Wakefield and Knowsley.They include jobs in …

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