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Saudi oil giant’s profits rocket by 80% fuelled by Ukraine invasion
Oil giant Saudi Aramco has revealed its profits skyrocketed by more than 80% in the first three months of the year, with prices buoyed by post-pandemic global demand and the Ukraine war.The bumper first-quarter earnings by the state-owned firm, which overtook Apple as the world’s most valuable company last week, showed a record net income …
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Business Live
Services on newly-opened Okehampton rail line have doubled amid huge demand
Services on a newly re-opened railway line in Devon have been doubled amid huge demand from passengers. The Dartmoor Line between Exeter and Okehampton reopened in November, restoring a regular, year-round service for the first time in almost 50 years. From Sunday May 15, passengers now benefit from an hourly service. The restored line has …
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Business Live
Northern Lincolnshire Business Awards in pictures
Business
Business Live
Recruitment campaign for Wales Tourism Week to help meet massive sector staff shortage
The week will help shine a spotlight on careers and job opportunities in the tourism and hospitality sectors in Wales. One of the challenges facing the sectors following the coronavirus pandemic is recruitment, with many businesses seeing a shortage of staff. The Welsh Government has been working with the sector on the ‘Experience Makers’ recruitment …
Business
Sky News
‘Up to a third’ of fish and chips shops face closure due to food shortages
Business leaders in the fish and chip industry are calling on the government to offer a “long-term strategy” to their food shortages crisis – or face a third of chippies closing.The National Federation of Fish Friers (NFFF) has warned the four key ingredients that make up a traditional fish and chip meal are deeply affected …
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Business Live
Be More Geek pop culture chain opens fifth North East store amid rapid retail expansion
A growing North East retail chain has opened its fifth store at a shopping centre as it continues to rail against challenges within the retail sector. Be More Geek has opened its latest store in Washington Galleries Shopping Centre, specialising in movie, TV and anime merchandise and collectables – the third new opening since the …
Business
Sky News
Premier League weighs ban on debt-fuelled club takeovers
The Premier League is considering a formal ban on debt-fuelled club takeovers as part of a far-reaching  overhaul of its ownership rules.Sky News has learnt that the 20 top-flight clubs are being canvassed by Premier League executives for their views on the merits of a block on so-called leveraged buyouts. The consultation process, which has …
Business
Business Live
High praise for Phillips 66’s green agenda from Director General of British Chambers of Commerce
Director General of the British Chambers of Commerce, Shevaun Haviland, has presented a special accolade to Phillips 66’s Humber team, recognising efforts to decarbonise. Guest of honour at the Northern Lincolnshire Business Awards, she reflected on the role as a key link between the regional economies of the UK and Westminster in a keynote address. …
Business
Business Live
Winners crowned at Northern Lincolnshire Business Awards 2022 amid jubilee glee
A man who could roll out his own red carpet to match Buckingham Palace’s finest has been crowned Northern Lincolnshire Business Person of the Year, as his company was also honoured at a right royal bash. Myles Shaw took the top personal honour as the South Bank business community helped kickstart celebrations of the Queen’s …
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Business Live
Protocol standoff denting Northern Ireland’s reputation on a daily basis – business body
The current stalemate at Stormont will inflict reputational damage on Northern Ireland’s economy which will dent its ability to attract both investment and talent. That is the message from one of the region’s more influential business groups which pulled no punches in expressing its dissatisfaction at the failure to elect a speaker to the Stormont …
Business
Business Live
Blackpool FC buy almost 100 acres of land for new training centre
Blackpool Football Club have agreed to buy almost 100 acres of land for a new training centre. The site for the Championship club’s new base is located along Garstang Road and is bordered by the Grange Park Estate and Baines School. The Seasiders have said the facility will house a “bespoke building” with changing, medical, …
Business
Sky News
Bitcoin rallies slightly but still set for record losing streak
Bitcoin has recovered slightly, but is still set for a record losing streak after the collapse of a so-called stablecoin.Crypto-assets have taken a pounding after a digital token called Terra – supposed to be pegged to the US dollar – crashed in value. The impact has rippled through markets with Bitcoin, the biggest cryptocurrency by …

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