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Plans for green energy ‘multiplex’ at Melton gain momentum as Transwaste’s third decade dawns
A household recycling firm launched in Hull 20 years ago, is gearing up for a major third decade as it prepares to invest significantly in major green projects. Transwaste was founded by brothers Paul and Mark Hornshaw as a skip hire firm in 2002, hand-sorting waste on the docks. Now the £29 million turnover business …
Business
Business Live
Airbus and BAE Systems supplier bought by Italian aerospace group
A Gloucestershire manufacturing group that supplies components to aerospace and defence giants such as Airbus and BAE Systems has been acquired by an Italian multinational. Five Valleys Aerospace – a holding company of two businesses Nu-Pro and Stanmar – has been bought by Magnaghi Aeronautica Group (MA Group) for an undisclosed sum. Stroud-based Nu-Pro provides …
Business
Evening Standard
Just Eat owner to sell stake in iFood for £1.5bn
Just Eat Takeaway.com has announced the sale of its one-third stake in Brazilian food delivery company iFood for 1.8 billion euros (£1.5 billion), sending its shares climbing.The takeaway giant will hand over its stake to Dutch investment company Prosus.It is trying to improve profitability and pay off debts after recently reporting heavy half-year losses.The agreement …
Business
Business Live
Newtownabbey metal packaging facility set to create around 200 new jobs
A new £150m drinks canning plant is set to create around 200 jobs on the outskirts of Belfast. It comes after Antrim and Newtownabbey Borough Council’s planning committee approved one of the biggest investments in advanced manufacturing in Northern Ireland. Ardagh Metal Packaging (AMP) intends to build the innovative 42,585 square meter facility at Invest …
Business
Sky News
P&O Ferries given ultimatum as firm’s owner posts record profit
P&O Ferries will have “no choice in law” but to pay crew members minimum wage the transport secretary has warned after the firm’s owner reported record profits following a controversial mass sacking.Issuing the ultimatum, Grant Shapps said the company will be forced to back down and so should make the change now. He also repeated …
Business
Business Live
Somerset and Devon digital schemes land £2m cash boost
A pair of programmes providing digital skills and business support in Somerset, Devon, Plymouth and Torbay have received a £2m cash injection from the Heart of the South West LEP. The Digital Skills Programme will be delivered through Devon County Council, while the Digital Skills Utilisation Programme will be delivered by the local authority and …
Business
Evening Standard
City watchdog warns buy-now-pay-later firms to follow rules on social media promotions
T he City’s main financial watchdog has warned firms offering buy-now-pay-later services that they could be committing criminal offences if their promotions don’t include “fair and prominent warnings” of the risks the products pose to customers.The Financial Conduct Authority says it has seen adverts on social media and websites — including posts by “social media …
Business
Business Live
Triodos Bank sees fall in profits amid ‘challenging’ economic climate
Ethical bank Triodos has reported a drop in profits for the first half of the year amid “challenging” geopolitical and economic conditions. The European bank, which has its UK headquarters in Bristol, said net profit fell to €18.8m (£15.9m) after tax for the first six months of 2022 – down from €27.7m in the same …
Business
Evening Standard
Inflation fuels jump in Government debt costs as borrowing hits £4.9bn
Interest payments on Government debt jumped by almost 40% last month as rocketing inflation continues to add to state borrowing, according to official data.The Office for National Statistics (ONS) said Government borrowing hit £4.9 billion in July.It is significantly ahead of the predictions of analysts, who had forecast £2.8 billion in borrowing last month, and …
Business
Evening Standard
Upscale high street retailer Joules hits financial buffers
Troubled high street retailer Joules has hit the financial buffers releasing a widely downbeat update on recent trading at the country lifestyle chain predicting a “significant” loss for the first half of the year.In the update, released this morning (Friday), the favoured outlet of William and Kate the Duke and Duchess of Cambridge said that …
Business
Evening Standard
Retail sales lift but shoppers are making cutbacks in the long term – ONS
UK retail sales picked up in July but continued to show longer-term signs that consumers are making cutbacks to save money amid soaring inflation, according to official figures.Sales lifted by 0.3% in July, significantly higher than economists’ expectations of a 0.2% drop, the Office for National Statistics reported.But sales fell by 1.2% in the three …
Business
Sky News
Retail sales recover slightly in July with 0.3% rise but long-term decline persists
UK retail sales rose in July but the longer-term downward trend in consumer spending shows no sign of abating, official data shows.Sales increased by 0.3% in July, which was much higher than economists’ forecasts of a 0.2% drop, according to the Office for National Statistics. But sales fell by 1.2% in the three months to …

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