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Significant contract dispute, Covid and resulting delays led to PDR Construction collapse – administrator
Administrators appointed following the collapse of PDR Construction Ltd have revealed how all operations ceased and all staff were made redundant prior to their appointment. A “significant lost adjudication” in a contractual dispute has also been highlighted at the Hessle firm, which walked away from 14 sites with ongoing work valued at £90 million. Philip …
Business
Evening Standard
End of the retail Christmas winners game, as private equity takes over
Figuring out the retail winners from the Christmas trading period is a favourite task for the (immaculately dressed) anoraks who obsess about shops.Did Tesco flog slightly more Albanian Prosecco than Sainsbury? Didn’t Waitrose’s fancy cheese board selection just leave M&S’s in the dust?For the retail nerds – strange folk who think like-for-like sales are keys …
Business
Evening Standard
Aviva hunting for new CFO as Jason Windsor jumps ship for Persimmon
AVIVA was left searching for a new finance director today when housebuilder Persimmon poached Jason Windsor from the giant insurer.Eyebrows were raised in the City at Windsor’s departure from one of the giants of the UK financial scene to a business half the size in a sector under pressure from the government.Windsor has been CFO …
Business
Sky News
Omicron takes out 3% of the workforce and a fifth of firms see rise in cancellations
An estimated 3% of the UK workforce was off work in late December while a fifth of businesses reported increased cancellations over the past month amid the surge in the Omicron variant, according to data released by the Office for National Statistics (ONS).The number-crunchers reported that 21% of firms had seen a rise in cancellations, …
Business
Evening Standard
Aviva hunting for new CFO as Windsor jumps ship
AVIVA was left searching for a new finance director today when housebuilder Persimmon poached Jason Windsor from the giant insurer.Eyebrows were raised in the City at Windsor’s departure from one of the giants of the UK financial scene to a business half the size in a sector under pressure from the government.Windsor has been CFO …
Business
Business Live
Tekmar Group seals $10m deal for work on major Middle East subsea scheme
North East offshore specialist Tekmar Group has announced a $10m deal for work on a major Middle East project. The Darlington group – which has five main operating companies in Tekmar Energy, Subsea Innovation, AgileTek Engineering, Ryder Geotechnical and Pipeshield International – has sealed the lucrative contract to provide pipeline support and protection materials for …
Business
Business Live
Dior, Gucci and Paco Rabanne help The Fragrance Shop to record Christmas sales
Sales of Dior’s Miss Dior, Gucci Flora and Paco Rabanne Phantom helped The Fragrance Shop achieve record Christmas sales in 2021. The Manchester-headquartered company saw overall sales rise 38% in the six weeks to January 1, 2022, compared to the same period in 2019. The business added its online performance helped drive up its total …
Business
Business Live
TalkTalk investor Maven Capital Partners opens Liverpool office
A private equity firm, which helped TalkTalk move from being a public to a private company in a £1.1bn deal, has opened a new Liverpool office. Maven Capital Partners has moved into Avenue HQ St Paul’s Square, in the city’s business and commercial district. The local investment team is led by Paul Leyland and has …
Business
Business Live
Jaguar Land Rover sales continue to reverse over computer chip shortage
Jaguar Land Rover’s sales continued to fell during the third quarter of its financial year because of the on-going shortage of computer chips. The automotive giant, which has major factories in the West Midlands and Merseyside, has reported total retail sales for the three months to the end of 2021 of 80,126, down 13.6% compared …
Business
Evening Standard
Tesco profits to hit £2.6 billion after bumper Christmas
TESCO today said it had defied rising inflation and supply chain issues to ensure customers had a great Christmas, something reflected in booming sales.Sales were well up on the pre-pandemic period and slightly up on a year ago, when there was panic buying and a lockdown that saw Christmas effectively cancelled for many.Tesco, the UK’s …
Business
Sky News
M&S enjoys ‘strong’ Christmas momentum as ASOS is hit by supply woes
Two major players in fashion retail have reported differing fortunes in terms of momentum over Christmas, with Marks and Spencer (M&S) having more to smile about than ASOS for once.While both grew sales over the festive season, the online-only retailer had already downgraded expectations due to headwinds including tougher competition in advance of Christmas. ASOS …
Business
Sky News
Ovo Energy informs staff of 1,700 job losses as union rounds on management
Ovo Energy, the UK’s third-largest household supplier, has informed staff of its decision to cut its workforce by a quarter.Sky News reported on Wednesday evening that 1,700 roles were to be axed in a bid to save money as the industry battles crippling rises in the cost of raw energy, especially gas, that have led …

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