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Evening Standard
Oil giants report record results amid petrol and energy price hikes
The three largest western world oil companies Exxon Mobil, Chevron and Shell have in total surged to record financial results in the second quarter of the year as fuel and energy prices spike across the world.Profits for the largest global oil companies have had a jarring impact on consumers faced with skyrocketing petrol prices and …
Business
Business Live
Green light for ‘Atom Valley’ project to create 20,000 jobs and 7,000 homes
A new development expected to create 20,000 jobs and 7,000 homes in the north east of Greater Manchester has been given the green light. Greater Manchester leaders have approved plans for the Atom Valley Mayoral Development Zone (MDZ), which spans the North East Growth Location and will connect town centres in Bury, Rochdale, Oldham, Middleton, …
Business
Business Live
Bournemouth’s Yellow Buses goes into administration amid rising petrol prices and inflation
Historic Dorset bus operator Yellow Buses has collapsed into administration. Bournemouth Transport Limited, which trades as Yellow Buses, appointed Simon Rowe and Rachel Hotham of professional services firm Milsted Langdon as joint administrators on Friday (July 29). The transport firm, which employs around 300 staff, has “suffered” from the challenges of the pandemic and the …
Business
Business Live
George F White reaches £10m funding milestone for North East rural businesses
Property specialist George F White has hit a milestone after helping the region’s rural businesses to secure £10m in grant funding to grow and improve their ventures. George F White has seen a considerable rise in enquiries from North East rural businesses looking to tap into funding grants. Most recently, the team secured a grant …
Business
Business Live
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 …

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