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02.04.2022 - 11:00
Business
Business Live
American Golf owner swings to record results ahead of £6m investment and creating jobs
The owner of American Golf has swung to a record year as its sales and profits benefitted from a surge in the sport’s popularity. International Leisure Group (ILG), the holding company for American Golf Trading, American Golf Leisure and International Leisure Brands, has reported sales of £166m for the 12 months to January 30, 2022, …
01.04.2022 - 16:32
Business
Sky News
Indian tech firm in which Sunak’s wife owns shares closing office in Russia
The Indian tech firm in which Rishi Sunak’s wife owns shares believed to be worth hundreds of millions of pounds is closing its office in Russia, Sky News understands.The chancellor’s wife Akshata Murthy has a 0.91% stake in Infosys, a company founded by her father, which had continued to operate in Russia since the invasion …
01.04.2022 - 16:32
Business
Sky News
Indian tech firm Sunak’s wife owns shares in set-to-close office in Russia
The Indian tech firm in which Rishi Sunak’s wife owns shares believed to be worth hundreds of millions of pounds is closing its office in Russia, Sky News understands.The chancellor’s wife Akshata Murthy has a 0.91% stake in Infosys, a company founded by her father, which had continued to operate in Russia since the invasion …
01.04.2022 - 16:11
Business
Business Live
Welsh Government to appeal high court decision to cut power at Baglan Energy Park
The Welsh Government has said that it is appealing the high court decision to switch off the electricity supply at Baglan energy plant power. In a statement, the Government said that it had been granted permission by the high court judge to appeal the decision made last month which would see businesses at the park …
01.04.2022 - 15:47
Business
Business Live
North East technology from Kromek used to protect NATO from dirty bombs
Tech firm Kromek kept heads of state safe at the recent NATO summit in Brussels after its nuclear-detection devices were deployed across the city. The Sedgefield company’s D3S “dirty bomb” radiation detectors have previously been used to protect world leaders, including two former US presidents. Last week 30 NATO heads of state gathered in Brussels, …
01.04.2022 - 15:21
Business
Business Live
Springing a career move – 35 appointments not to miss on the Humber
With spring well in the step, many in business on the Humber are blossoming in new roles in the season of new life. The first few months of 2022 have been a hive of activity in recruitment circles, with promotions, switches and new-starts aplenty. Here we look at the major moves not to miss in …
01.04.2022 - 15:00
Business
Business Live
Dragons’ Den appearance for Tyneside sisters’ firm Pretty Mama sparks rush of orders
A North East fashion start-up has been inundated with orders after braving the Dragons’ Den and leaving with a deal involving four of the millionaire entrepreneurs. Jenny and Alex McFadden, of South Tyneside, appeared on last Thursday’s episode of the BBC One show, where viewers saw them pitch their maternity clothing brand Pretty Mama to …
01.04.2022 - 14:46
Business
Business Live
More than 1,500 North East jobs created by growing companies in March
At least 1,500 new jobs have been announced in the North East this month, with major employers leading the recruitment drives. Leisure, care and property business Malhotra Group announced plans to create 200 new jobs after securing a £23m finance package. The Newcastle based business, which owns the Three Mile in Gosforth and city centre …
01.04.2022 - 13:47
Business
Sky News
London-listed miner Petropavlovsk lines up advisers for crunch debt talks
A London-listed gold mining group which was prevented from making a loan repayment this week after its Russian lender was sanctioned is lining up advisers to help restructure its borrowings.Sky News has learnt that Petropavlovsk, which has seen its shares plummet in the last year, is preparing to bring in AlixPartners to advise it on …
01.04.2022 - 13:33
Business
Sky News
Criminal and civil investigations opened into P&O Ferries after it sacked 786 employees
The government’s business misconduct watchdog has launched criminal and civil probes into P&O Ferries, adding to pressure on the embattled company. The move comes two weeks after P&O Ferries sacked nearly 800 workers and replaced them with lower-paid crew, a decision that the government called illegal. Business Secretary Kwasi Kwarteng confirmed on Friday afternoon that …
01.04.2022 - 12:11
Business
Sky News
Camelot takes Gambling Commission to high court over loss of National Lottery licence
Camelot, the company that currently operates the National Lottery, is suing the game’s parent organisation in the high court after it lost its licence to a rival.Last week, the Gambling Commission – the regulator that oversees the lottery – confirmed plans to transfer the game to rival operator Allwyn Entertainment after more than 28 years …
01.04.2022 - 11:18
Business
Sky News
Chelsea FC sale: Chicago Cubs-owners fortify bid with new bank signing
The owners of the Chicago Cubs baseball team have fortified their bid for Chelsea FC by adding a new team of bankers ten days before a four-way shootout determines the club’s future ownership. Sky News has learnt that the Ricketts family and the hedge fund billionaire Ken Griffin have hired Jefferies, the US-based investment bank, …
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