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British Airways hit again by ‘technical’ failure that has delayed flights
British Airways has revealed its flights have been affected by a “technical issue”, the latest in a series of damaging IT problems for the company.“We’re investigating and working hard to resolve a technical issue and apologise for the inconvenience,” BA initially said. It later confirmed: “We experienced a technical issue for a short time this …
Business
Sky News
London arm of sanctioned Russian bank VTB close to collapse
The London-based arm of VTB Bank, Russia’s second-largest lender, is close to being placed into insolvency proceedings after international sanctions curbed its ability to continue operating.Sky News understands that British banking regulators have drafted in advisers to help deal with the unravelling of VTB Capital’s operations in the City. Banking industry sources said that VTB …
Business
Sky News
Ports will get power to block ferry firms paying below minimum wage after P&O scandal
Grant Shapps has unveiled plans he says will block P&O Ferries’ attempt to secure a new seafarer workforce on the cheap after widespread outrage over the mass sackings of 800 crew.The transport secretary told MPs he was to give UK ports the power to refuse access to regular ferry services that do not pay workers …
Business
Euro News
Four-day week: Which countries have embraced it and how’s it going so far?
Business
Sky News
Ikea to close Tottenham store, risking 450 jobs
Ikea is set to close its landmark London store in Tottenham as part of a £1bn transformation plan driven by changing customer habits. The Swedish retail giant said it would do its best to provide the 450 affected staff who work at the Tottenham store with new jobs in London. As part of the company’s …
Business
Business Live
Loan funding plays starring role in YourFilm growth story
Video production company YourFilm has exited a five-figure loan investment, having secured a number of new contracts and undergone a merger. Two years ago, the Gateshead-based firm – which specialises in TV commercials, promotional videos and training films – secured investment from the North East Small Loan Fund, supported by the European Regional Development Fund …
Business
Business Live
Two North East startups among winners of Tech Nation’s Rising Stars competition
Two North East tech companies have been named among the best early-stage scaleups in the UK. Gateshead’s Zoa Rental, which enables retailers and fashion brands to offer rental services and Sunderland’s Settld, which provides software to help automate the process of notifying and resolving service provider accounts when someone dies, are among 10 winners of …
Business
Sky News
Licence for controversial North Sea oil and gas field extended
The licence for the controversial Cambo oil and gas field in the UK’s North Sea has been extended for a further two years. The field, which is co-owned by Shell and Siccar Point Energy, attracted significant opposition from campaigners while the government regulator considered whether or not to grant a final permit to drill last year. …
Business
Sky News
Kwarteng lures ex-BP boss as Whitehall focuses on energy security
The business secretary is drafting the former UK boss of BP onto the board of his department, underlining the shifting of government priorities towards Britain’s energy security following Russia’s invasion of Ukraine.Sky News has learnt that the Department for Business, Energy and Industrial Strategy (BEIS) will announce this week that Peter Mather, who left the …
Business
Business Live
ADVERTORIAL: Bridging the gap between academia and the East Midlands business sector
The East Midlands and its three major cities of Leicester, Derby and Nottingham, is a dynamic business region home to some of the country’s leading companies. One of those is Bradgate Estates, a powerhouse in the region’s property and development sector having built and sold more than £90m worth of property in the last four …
Business
Business Live
Laneberg Wine closing down as Covid and Brexit challenges ‘prove too much’ for region’s only urban winery
The owner of the North East’s only urban winery has announced plans to close the company after the challenges of Covid and Brexit proved “too much for our small business”. Laneberg Wine – the UK’s most northerly winery, based in the unlikely location of Team Valley, in Gateshead – released its first wines in 2019 …
Business
Business Live
U-Drive creates jobs as it invests more than £10m in new Manchester base
A family-owned car hire, van, truck and minibus rental company is to invest more than £10m in its new Manchester base and create jobs. U-Drive has taken space at Oakhill Trading Estate in Walkden which adds to its nine other locations in Bristol, Cardiff, Exeter, Poole, Salisbury and Southampton, vehicle delivery hubs in Dorchester and …

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