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Winners reveal pride after Durham, Sunderland and South Tyneside Business Awards
Companies have spoken of their pride after winning big at the second heat of the North East Business Awards. Around 250 people gathered at Ramside Hall to see nine companies scoop awards in the Durham, Sunderland and South Tyneside regional final, hosted by TV presenter Kirsten O’Brien. All the winners of the hotly contested heat …
Business
Business Live
ADVERTORIAL: New way for Cornish patients to give feedback on their healthcare
A pioneering technology, being piloted across Cornwall and the Isles of Scilly, is opening up new ways for patients to give feedback on their healthcare. PEP Health, an award-winning digital health company, has created a state-of-the-art dashboard to track patient experiences in both GP surgeries and hospitals. The project is backed by the European Regional …
Business
Business Live
Ideal growing conditions for Westland Horticulture see profits soar
Westland Horticulture, one of Northern Ireland’s biggest companies, has recorded a sharp increase in profits and said it expects further growth in the coming months. The Dungannon, County Tyrone-headquartered business notched up pre-tax profits of £25.6 million for the year to the end of August 2021, a jump from £14.5 million in the previous financial …
Business
Sky News
Matalan bondholders seek talks over budget retailer’s future
Lenders to Matalan, one of Britain’s biggest budget retailers, are preparing for crunch talks about the chain’s future financing against a backdrop of soaring inflation and deepening economic gloom.Sky News has learnt that Matalan’s senior bondholders are lining up Perella Weinberg Partners to advise them on their options with a £350m repayment due to take …
Business
Business Live
House prices could fall in 2022 and 2023, Bristol mortgage expert warns
A Bristol property expert believes house prices in the UK could begin to fall this year amid the cost-of-living crisis. Graham Cox, founder of Bristol-based broker SelfEmployedMortgageHub.com, said the price of homes could fall as much as 5% in 2022 – and “possibly even more” next year. Inflation, which rose to 9% in the year …
Business
Business Live
ProCook warns cost of living crisis creating ‘challenging’ market
Bosses at kitchenware brand ProCook have warned of “highly challenging” market conditions ahead as it said trading had been impacted by the cost of living crisis. In an outlook for its next financial year, the Gloucestershire business said on Friday (June 10) that since reporting 29.5% year-on-year revenue growth for 2022 in April, customers had …
Business
Sky News
More than half of UK households cutting back on gas and electricity use due to cost of living crisis
More than half of UK households have cut down on their energy usage as a result of the cost of living crisis, new data suggests.A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs. The poll, …
Business
Business Live
Danske cuts Northern Ireland growth outlook on persistent inflationary cloud
Growing inflationary pressures and a “less supportive” economic policy environment has prompted Danske Bank to slash its growth outlook for the Northern Ireland economy next year. It said the increasing cost of living and the diminishing impact of the post pandemic rebound will see economic growth of just 1% in 2023 compared to its previous …
Business
Business Live
Council looks to buy Grimsby’s Freshney Place Shopping Centre
North East Lincolnshire Council looks set to swoop for Grimsby’s Freshney Place shopping centre. The town’s undercover precinct was placed into receivership earlier this year, and the local authority is now looking to use its Towns Fund Allocation – initially awarded to remodel the centre’s western end for leisure use – to mount a bid. …
Business
Business Live
Panattoni to build UK’s largest-ever speculative logistics building near Bristol
European real estate developer Panattoni is planning to build a £250m industrial development near Bristol that will include the UK’s biggest-ever speculative logistics building. The development, called Panattoni Park Avonmouth, will be located on a 73-acre site, which Panattoni has just acquired in an off-market deal. Other major occupiers in the area include Amazon, The …
Business
Evening Standard
“Too big to fail” era over for banks, promises Bank of England
THE era of “too big to fail” banks going bust and being bailed out by the public is over, the Bank of England claimed today, while warning that three major lenders still have short comings.Lloyds, Standard Chartered and HSBC were told to improve their so-called resolution plans, a somewhat public rebuke. All three said they …
Business
Evening Standard
Predictions of the demise of the pound are exaggerated
THIS week saw the 40th anniversary of the arrival of the 20p piece. What would that 1982 coin be worth now? 5p. That’s what inflation does to the pound in your pocket, was the point.Some saw that as indicative of a wider malaise for our currency – there is no question it is under pressure.It …

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