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Meet the CEO targeting £1bn valuation for challenger broadband provider supported by former England rugby star
A broadband provider, which counts a former England rugby star among its ranks, has set its sights on becoming Greater Manchester’s latest tech unicorn by reaching a valuation of £1bn. Hale-headquartered 4th Utility is on the cusp of kicking off a debt raise worth in the region of £80m which it hopes will supercharge the …
Business
Business Live
Relaunched Swan Hunter merges with Norwegian firm PASSER Group to launch cable firm
A ‘new’ Swan Hunter company has merged with Norwegian subsea cable handing business PASSER Group to create a new business that will have a base on Tyneside. PASSER LARS, which stands for ‘logistics and rental solutions’, aims to become a “leading player” in the global cable handling and logistics rental market for offshore oil and …
Business
Sky News
Spurned Ofcom candidate Gilbert screened to lead BBC funding review
One of the candidates snubbed in the recent race to chair Ofcom, the media regulator, is being considered to oversee a government-commissioned review of the BBC’s future funding.Sky News has learnt that Lord Gilbert of Panteg, the former chair of the House of Lords communications and digital committee, is among a list of names under …
Business
Business Live
Aviation fuel to cardboard and conservation – Humber Renewables Awards winners are flying high
Phillips 66 made it two awards in a month as it took the Green Innovation Award at the Humber Renewables Awards. A global leader in one of the most carbon intensive industries, it is playing a prominent role in the pioneering transformation of a cluster built on a fossil fuel economy. This year has seen …
Business
Business Live
Humber Renewables Awards 2022 in pictures
Business
Business Live
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, …

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