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Business Live
Overheads a concern for business as profit forecasts dip on the Humber
Inflationary pressures on pay, materials and energy emerged in business boardrooms as 2021 closed. Results from Hull and Humber Chamber of Commerce revealed concerns about the outlook and squeeze on margins, as domestic sales remained challenging but international orders picked up. Enthusiasm abounding as lockdowns were left behind had already eased in quarter three, replaced …
Business
Business Live
Learning Pool buys New York Stock Exchange spin off company
A north west online learning company has bought a New York peer for an undisclosed sum. Learning Pool has acquired True Office Learning, a compliance technology firm which counts some of the US’s largest multinationals amongst its clients. The US firm was spun out of the New York Stock Exchange True Office and offers online …
Business
Sky News
US jobs recovery stalls even as it chalks up record annual employment growth
The US jobs recovery stalled at the end of last year even as official figures confirmed annual record growth in employment numbers.Closely-watched data from America’s bureau of labour statistics (BLS) showed the world’s biggest economy added 199,000 jobs in December – well short of the 400,000 figure pencilled in by forecasters. Experts said a shortage …
Business
Euro News
Kazakhstan crisis: Bitcoin price slumps as nationwide Internet blackout hits crypto miners
Business
Sky News
Oil and gas companies operating in North Sea to cash in ‘near record’ income as energy prices skyrocket
Oil and gas companies operating in the UK’s North Sea are expected to report “near record” income in 2021 and 2022 as the price of energy skyrockets.Wood Mackenzie analysis says that UK oil and gas operators are projected to record around $17bn in cash flow for last year, and approximately $18bn this year. Such amounts …
Business
Sky News
Cider maker sees festive sales hopes turn flat as Omicron rules bite
The company behind the Magners and Bulmers cider brands has revealed that trading was hit last month as restrictions to tackle the spread of Omicron drained festive sales to bars and pubs.Dublin-based drinks group C&C said “on-trade” conditions last month were “significantly impacted” by rules outlined by governments in the UK and Ireland. That left …
Business
Sky News
Spike in holiday bookings as COVID-19 pre-departure tests scrapped
Holiday bookings have seen a sharp bounce-back after the lifting of travel restrictions unleashed pent-up demand for breaks, the boss of travel operator Jet2 has said.Chief executive Steve Heapy told Sky News that bookings climbed by 150% earlier this week as the government scrapped pre-departure tests for passengers arriving in Britain and eased requirements for …
Business
Sky News
Virgin tycoon Branson to launch first SPAC on European stock exchange
Sir Richard Branson is to launch his first European blank cheque company as the Virgin Group tycoon continues to tap public market investors to find takeover targets.Sky News has learnt that Virgin Group is drawing up detailed plans to list a new special purpose acquisition company (SPAC) in Amsterdam in the coming months. Sir Richard’s …
Business
Evening Standard
Used car market has ‘defied economics’, says Lookers boss
Lookers‘ boss today said the used car market boom has “defied economics” and is likely to ease in the second half of 2022. Mark Raban said the listed dealership is being “very cautious” going into the year and “not getting carried away”, despite expecting record pre-tax profits for 2021. He told the Standard: “The exam …
Business
Business Live
Cancelled vessel sailing to lead to sparse Grimsby Fish Market as Icelandic supply stalls
Grimsby Fish Market’s auction will be a shadow of its normal Monday activity after a key sailing from Iceland was cancelled. Eimskip’s service did not leave Reykjavik on Wednesday, as the company responded to a lull in trade immediately after the festive period. It would normally call at the strong fishing community at The Westman …
Business
Business Live
Law firm Geldards confirm new partners in a series of promotions
Law firm Geldards has appointed new partners at its Cardiff office. In a series of promotions the firm, which also has offices in London and the Midlands, has promoted five senior associates to partners, bringing it total number of partners to 61. In Cardiff the new partners are Elizabeth Bray, a specialist in best practice …
Business
Business Live
Newry company plays key role in success of James Webb telescope space launch
A County Down company’s technology has played a key role in the launch of the world’s most powerful and complex telescope which will look for life on other planets. Resonate Testing, which is based in Newry, conducted vibration and shock testing on equipment used to launch the James Webb telescope which will allow astronomers to …

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