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Rental demand drives up revenues and profits at Redde Northgate
North East vehicle rental group Redde Northgate has hailed strong half year performance, with rising revenues and profit. The Darlington business – formed last year through the merger of light commercial vehicle hire business Northgate with support services company Redde – said the well-documented new vehicle supply issues has boosted demand for its rental services. …
Business
Business Live
‘Superior’ £1.2bn takeover bid accepted by software developer Blue Prism’s board
A “superior” submitted by an American investment giant to takeover a Warrington-headquartered software developer, which values the company at more than £1.2bn, has been agreed. Blue Prism Group, which also has a base in London, had previously reached an agreement at the end of September with Vista Equity Partners. Vista had already seen off competition …
Business
Sky News
Double-digit house price growth returns as ‘buoyant’ market keeps up pace
House prices unexpectedly returned to double digit growth last month as the property market kept up its “extremely buoyant” pace, new figures show.Prices in November were 10% ahead of the same month last year, according to an index published by lender Nationwide – up slightly from 9.9% in October and beating expectations that growth would …
Business
Sky News
The cost of Christmas is going up as retailers pass on price pressures to shoppers
British households are facing a more expensive Christmas shop after labour shortages and surging costs pushed retail prices higher for the first time since May 2019, according to industry figures.The British Retail Consortium (BRC) shop price index showed a rise of 0.3% in November compared to the same month last year. It follows a decrease …
Business
Business Weekly
Cambridge Quantum and Honeywell unveil identity of new powerhouse
The world’s largest integrated quantum computing company – Quantinuum – has been rolled out by Honeywell Quantum Solutions and Cambridge Quantum. The vision is to accelerate the development of quantum computing and innovation of quantum technologies in a platform agnostic manner to deliver real-world quantum enabled solutions for some of the most intractable problems that …
Business
Sky News
Emirates could be taxiing toward an IPO take-off – but will it fly with investors?
It seems somewhat counter-intuitive, given the batterings meted out to aviation stocks during the last 21 months, but Emirates could be the next major airline heading to the stock market.The Dubai-based carrier’s president, Sir Tim Clark, has indicated that an initial public offering (IPO) could be imminent depending on the view of its owner, the …
Business
Evening Standard
TSB to shut 70 branches — see if yours is affected
TSB is axing 70 more branches next year including one on Baker Street in Central London.It the latest bank to say that customers are switching to digital services as it shuts branches.The closures come on top of 164 closures announced in 2020. Around 150 jobs are affected, though TSB said the people would be offered …
Business
Euro News
Facebook owner Meta must sell Giphy GIF making platform, says UK competition authority
Business
Sky News
TSB to close 70 more branches – is yours one of them?
TSB is to close 70 more branches next year – nearly a quarter of its remaining network – as more customers shift to digital banking.The announcement by the lender, described by trade union Unite as a “bitter blow”, adds to the 164 closures announced in 2020 and was blamed on the decline in use of …
Business
Evening Standard
Employers still making office Christmas party bookings despite Omicron, Marston’s boss reports
Employers are hanging on to office Christmas party pub bookings despite the new Omicron variant, the new boss of Marston‘s has reported.Andrew Andrea, the pubco’s former finance chief who last month replaced Marston’s leader of two decades, Ralph Findlay, told the Standard the group has not seen a surge in cancellations this week.However, the firm …
Business
Evening Standard
Departing Greencore CEO says firm can look to invest after return to profits
Britain‘s biggest sandwich maker has returned to profit and pre-Covid takeaway trading since lockdowns lifted, boosted by workers heading out to grab a bite to eat close to home.The listed Greencore supplies supermarkets including M&S, convenience stores on high streets and travel hubs.Revenues rose almost 5% to £1.32 billion in the year to September 24. …
Business
Business Live
The Co-operative Bank to invest in fintech firm BankiFi
The Co-operative Bank is to invest an initial £500,000 into a Manchester-based technology platform. BankiFi has signed a “lucrative co-development deal” with the bank. The funding will be used to co-develop a range of products aimed at improving the offering of banks to the SME market, with the initial focus being on cash management. READ …

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