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Staff at North East gaming studio Double Eleven get £2,500 pay boost amid rising cost of living
A fast growing games design business has surprised its staff with a permanent £2,500 pay rise saying it felt the need to ” step in” and support team members facing the rising cost of living. Middlesbrough’s Double Eleven, which has worked on high profile games such as Minecraft and Lego Harry Potter, said it has …
Business
Business Live
Invest NI appoints seven new board members as CEO hunt continues
Invest NI have appointed seven new board members as the search for a new chief executive continues. Dominic Darby, Ciaran Mulgrew, Dawn McLaughlin, Patrick O’Gorman, Julie-Ann O’Hare, Scott Ritchie, and Melanie Dawson took up their three-year roles on 30 th June. In a statement, the investment agency said the new board members bring a “broad …
Business
Sky News
Bankers need to be on their mettle to help households and businesses through what’s ahead
With so much fog surrounding the prospects for the UK economy, results statements from the country’s main commercial banks this week were an ideal opportunity to make sense of things, as the big lenders tend to have a good idea of what is happening on the ground.The overall picture painted – and this is a …
Business
Evening Standard
AstraZeneca ‘saved’ six million lives with Covid vaccine
Pharmaceutical giant AstraZeneca ‘saved’ six million lives across the world through its Covid vaccine CEO Pascal Soriot said referencing data from scientific intelligence firm Airfinity Soriot was speaking on the release of a rocketing revenues climb the company’s interim results. Total revenue across the group in the first half of the year was boosted by …
Business
Sky News
Profits at the banks, takeaways and electric motors
There’s good news for two of the UK’s biggest banks – Sky’s Ian King sits down with the bosses of NatWest and Santander to discuss their profits for the first half of the year. He’s also speaking to the managing director of Taco Bell about trends at the takeaways, and the founder of a Norfolk-based …
Business
Business Live
Aston Martin sales rise – but supply chain disruption and logistics issues costing carmaker millions
Aston Martin saw sales rise as demand for sports cars remained strong – but the luxury carmaker says supply chain disruption has cost it millions. The firm reported revenue of £541.7m in the six months to 30 June, up 9% from the same period last year. It told shareholders today that strong demand for sports …
Business
Sky News
Britons are borrowing more and saving less as cost-of-living crisis starts to hurt
Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank of England.At the same time, the amount of money being deposited into accounts plummeted, as concerns grow about the rapidly increasing cost of living. Consumer credit, which includes borrowing on credit cards, overdrafts, personal loans …
Business
Business Live
Living wage commitment and 5 per cent rise for packaging team in new chapter
CorrBoard, the Scunthorpe-based sustainable independent sheet feeding specialist, has joined the Living Wage Foundation as it ups salaries by 5 per cent. The move is described as providing reassurance and commitment to colleagues and potential candidates that the business is serious about providing fair pay, as well as other benefits. It comes at a time …
Business
Evening Standard
Pound signs blind politicians to the flaws of financial titans
THIS week, the banks presented their latest results. As Lloyds, Barclays and NatWest displayed yet again, they’re capable of generating humongous profits. Once more, we’re invited to bask in their brilliance.Politicians are peculiarly prone to this. Memories are short and they fail to remember 2008, when the world was brought to its knees by the …
Business
Business Live
Film and TV studio to open in North Wales
A new film and television studio is being planned for Anglesey to capitalise on the growing number of productions attracted to the spectacular locations across North Wales. Opening for business in October 2022 Aria Studios will have two fully soundproofed studio stages offering a total of 20,000 square foot of filming space in Llangefni. Aria …
Business
Evening Standard
Hundreds of Aston Martin cars left unfinished amid supply chain struggles
Hundreds of Aston Martin supercars have been left unfinished as the beleaguered luxury carmaker struggles to procure parts amid supply chain struggles brought on by lockdowns in China and War in Ukraine.Aston Martin said more than 350 cars were awaiting parts by the end of June, causing the firm to take a £80 million hit …
Business
Business Live
South West business confidence lowest in UK, survey finds
Business confidence in the South West is the lowest of any region or nation in the UK, a new survey has revealed. The latest Business Barometer from Lloyds Bank Commercial Banking shows confidence among firms in the region fell three points during July to 11%. It marks the second consecutive month that the South West …

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