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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 …
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 …
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 …
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 …
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, …
Business
Sky News
Russian gas still flowing to Europe despite deadline day for rouble payments arriving
The amount of gas flowing into Europe from Russia hit its highest level in four months today, despite threats from the Kremlin to halt all supplies to “unfriendly” countries, potentially wreaking havoc.Friday marks the deadline for countries in the European Union and elsewhere to start paying for their gas in roubles.Failing to comply, President Vladimir …
Business
Business Live
Sofa Workshop collapses into administration with loss of 77 jobs
High Street retailer Sofa Workshop has gone into administration with the loss of 77 jobs. Supply chain and transport costs had contributed to trading losses and outweighed ‘significant revenues’, said appointed administrators Toby Banfield, David Baxendale and Zelf Hussain of PwC. The company had 16 stores across the UK and operated online. A notice on …
Business
Business Live
Hull Trains’ ticket boost for tourism as city prepares to welcome back visitors
Hull Trains is aiming to green up leisure trips while cutting the cost of exploring the city for regional tourists as the summer season approaches. While the direct route to London may mean the service is more regularly associated with the opportunity to take in the capital’s charms, return fares of £10 or less are …
Business
Evening Standard
Economic nerves reach City as investors get jitters
Business
Evening Standard
Camelot to make legal challenge on National Lottery loss
Business
Business Live
Government pledges extra £32million for Dawlish railway protection work
A further £32 million has been pledged to protect the coastal rail line through Dawlish and Holcombe. The cash will be used to add netting and fencing along the iconic Dawlish and Holcombe route to protect it from cliff erosion. This latest round of funding, which follows on from three earlier phases of work and …
Business
Business Live
Plymouth’s Car Charge Go to set up info event after Government scraps home EV charger grant
A Plymouth business which specialises in charging equipment for electric cars is to set up an information event in the city to explain financial options for EV owners now the Government has scrapped grants towards installing home charging stations. Car Charge Go, an online retail supplier specialising in home charging equipment and accessories for electric …

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