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Four firms in North East win backing from renewable energy fund
Four more companies have been given backing from a fund which aims to support the renewable energy sector in the North East. The North of Tyne Combined Authority’s Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme has given grants totaling £800,000 to TechnipFMC, FES International, Kinewell Energy, and Enshore Subsea. The grants take …
Business
Business Live
Real estate finance specialist is new Plymouth Law Society president
A partner at the Plymouth office of law firm Womble Bond Dickinson has taken a top position in a leading legal organisation. Real estate finance specialist Craig Moore has been elected as President of the Plymouth Law Society. Leading WBD’s 20-strong real estate team in Plymouth, Mr Moore specialises in all aspects of commercial property …
Business
Business Live
Cornish Metals aims to raise £40.5m to progress South Crofty tin mine
Mining company Cornish Metals is aiming to raise £40.5m from investors including a former Tory party chief executive to restart tin mining at Cornwall’s South Crofty mine.. Canadian-headquartered Cornish Metals, which trades on the Stock Exchange’s AIM, said it is to receive £25m from Vision Blue Resources (VBR), a vehicle founded by the ex-Conservative treasurer …
Business
Sky News
National Grid criticised for £4.2bn sale ‘of the national silver’ to foreign investor
National Grid has been criticised for its sale of a large chunk of Britain’s gas pipeline infrastructure to foreign investors for more than £4bn.The company quietly announced on Sunday that it had sold 60% of its gas transmission business – which sends gas around the UK to heat homes and businesses – to Australia’s Macquarie …
Business
Business Live
Legal challenge to Hinkley Point Portishead mud dumping dismissed
A legal challenge against plans to dump mud dredged from the Bristol Channel off Hinkley Point C into the Severn Estuary has been dismissed. Last year the Marine Management Organisation (MMO) granted energy giant EDF a licenc e to deposit hundreds of thousands of tonnes of sediment at a site off Portishead, as part of …
Business
Evening Standard
Barclays takes £450m hit from investment bungle
Business
Sky News
Soaring energy costs push data giant Sungard’s UK arm into administration
Soaring energy costs and an impasse with landlords over rents have forced the British arm of a major international data management operator into administration.Sky News understands that Sungard’s UK operations, which operate services for clients including JP Morgan and the Home Office, have called in Teneo Restructuring in an attempt to salvage its future. The …
Business
Sky News
Government ends 14 years of majority ownership over NatWest
NatWest has returned to majority private ownership, more than 14 years after it received a massive bailout by taxpayers following the financial crisis. On Monday, the government sold a further £1.2bn worth of shares back the bank, diluting its stake in NatWest below 50%. In 2008, NatWest – previously called Royal Bank of Scotland (RBS) …
Business
Evening Standard
Government stake in NatWest falls below 50% — 14 years after bailout
Business
Evening Standard
JP Morgan’s digital bank Chase launches 1.5% saver as rate rise sparks battle for cash
Business
Sky News
Shapps threatens to block P&O’s ‘brazen’ sackings and tells company its reputation ‘is in tatters’
P&O will have “little choice” but to reverse its decision to sack 800 staff under new measures due to be put before MPs this week, the company has been told by the transport secretary.In a letter to company boss Peter Hebblethwaite, Grant Shapps said proposals being brought to parliament would “ensure that seafarers are protected …
Business
Sky News
US buyout firm Sycamore plants £250m bid for fashion chain Ted Baker
Sycamore Partners, the US- based private equity group, has tabled a £250m offer for the London-listed fashion chain Ted Baker.Sky News has learnt that a proposal valuing Ted Baker at 130p-a-share was submitted in writing in the last few days. It was unclear this weekend whether it had been formally rejected, although City sources indicated …

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