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Housebuilding giant Barratt kicks off search for next chairman
The City veteran John Allan is preparing to step down as chairman of Barratt Developments, Britain’s second-biggest housebuilder by market value.Sky News has learnt that Barratt has instructed headhunters at Russell Reynolds Associates to identify a successor to Mr Allan, who also chairs Tesco. The process, which is unlikely to be concluded until next year, …
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Global coach brand FlixBus adds first Welsh partner to its UK network
A Valleys bus and coach operator has become the first in Wales to join a German coach company’s UK network. Bella Road Services (BRS) in Pontyclun has partnered with Munich-based FlixBus to operate services from London to Heathrow Airport and Cardiff, as well as a new stop at Newport. Operating since 2016, BRS is the …
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Sky News
British man arrested in Dubai over £1.3bn tax fraud case and faces extradition to Denmark
A British man wanted in Denmark over a £1.3bn tax case has been arrested in Dubai and now faces extradition.The arrest of hedge fund trader Sanjay Shah, in one of Denmark’s largest-ever fraud cases, comes after the country signed an agreement in March allowing for extradition there from the United Arab Emirates. The 52-year-old has …
Business
Sky News
Hundreds complain about phantom braking in Tesla cars – as Musk says he has ‘bad feeling’ about economy
Hundreds of Tesla owners have complained to the US regulator that the cars operating on the partially automated driving systems have suddenly stopped for no reason.The National Highway Traffic Safety Administration (NHTSA) said they are investigating the issue, which has been reported by 750 people, as the company’s founder Elon Musk said he has a …
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North East farm to be converted into forest following Virgin Money funding deal
A County Durham farm is set to be converted into a “best practice” forest following a deal aided by a finance package from Virgin Money. Virgin Money has helped Herefordshire based forestry enterprise and woodland consultancy Pryor & Rickett Silviculture to buy Edder Acres, a 180-acre green-belt farm near Shotton Colliery. The farm had been …
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Architect Studio Anyo seals six-figure deal to work on £20m County Durham cinema complex
North East architects and interior designer Studio Anyo has won a six-figure contract to work on the next phase of a £20m cinema and leisure complex development in County Durham. The Stockton practice will provide a package of architecture services for Stage 5 of the multimillion-pound development scheme at the Fieldon Bridge Retail Park in …
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Newcastle tonics firm Lixir launched by university graduates announces £1.1m investment
Newcastle University graduates on a mission to stir up the drinks industry have received £1.1m in funding to support expansion plans. Lixir Tonic was first set up in Newcastle in 2018 by founders Matt Mahatme and Jordan Palmer, who left their jobs to create the range, which was initially sold in department store chain, Fenwick, …
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Pontyclun printing firm secures six-figure investment to fund shareholder buy-out
A Pontyclun-based printing specialist has secured a six figure investment to fund a shareholder buy-out and secure capital expenditure for future growth. Reel Label Solutions secured £1.2 million investment, which is a mixture of debt and equity, from the Development Bank of Wales. Jonathan Wright, co-founder and newly appointed managing director, will become the majority …
Business
Business Live
Co-Founders programme awards 10 startups £10,000 each to develop product ideas
A total of 10 start-ups from across Northern Ireland have been awarded £10,000 each to develop their business ideas. They have completed entrepreneurship programme Co-Founders at Catalyst – the former Northern Ireland science park organisation which supports early-stage businesses – which helps entrepreneurs to develop new products in the science, engineering and technology fields. The …
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Declining shopper footfall in May sees Wales drop to second bottom of UK league table
Wales dropped to the second bottom of the UK league table for shopper footfall in May, according to data from the Welsh Retail Consortium. The WRC found that monthly total Welsh retail footfall fell by 16% between 1 and 28 May, compared to pre-pandemic levels. This was 2.2 percentage points worse than April this year …
Business
Sky News
Abu Dhabi state oil giant weighs £5bn bid for Motor Fuel Group
One of the world’s biggest oil producers is contemplating a multibillion pound takeover bid for Motor Fuel Group (MFG), Britain’s biggest independent petrol station operator.Sky News has learnt that the Abu Dhabi National Oil Company (ADNOC) is lining up bankers to work on a potential offer for MFG, which has been put up for sale …
Business
Business Live
The Great Resignation still dominates the workplace, so why aren’t some employers taking note?
This week, we saw yet another report demonstrating that the ‘great resignation’ theme which this column has been discussing over the last six months continues to dominate the future of the workplace. The “Global Workforce Hopes and Fears Survey 2022” from professional services firm PWC questioned over 52,000 adults who are in work or active …

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