Latest Stories
All Stories
21.10.2024 - 10:16
Business
Business Live
The huge financial crisis facing Welsh universities requires a national conversation to ensure they survive
Can Wales afford four professional rugby regions or sustain 22 local authorities serving a population of just over three million in the face of significant budgetary cuts? These are well-worn questions, but whether there are three regions or four, the prospect of again dusting off previous Welsh Government maps and proposals for local government reorganisation …
20.10.2024 - 10:00
Business
Business Live
New life for former baths site as developers given go-ahead to build affordable homes
The site of a former swimming baths that has been left empty since its demolition in 2020 is set for a transformation into an affordable housing complex. Despite efforts by local swimming groups in the 2010s to save Denton Baths from closure, their campaigns were unsuccessful. Now, the facilities have relocated to Tameside Wellness Centre …
19.10.2024 - 09:45
Business
Business Live
Engineering apprentice named youngest-ever Greater Birmingham Young Professional of the Year
An engineering apprentice has become the youngest ever winner of Greater Birmingham Young Professional of the Year. Santina Bunting took home the top prize at last night’s annual awards which celebrated achievement among the under 35s of Greater Birmingham’s business community. The 19 year old is part of the civil and ground engineering team with …
19.10.2024 - 07:30
Business
Business Live
Netflix beats earnings expectations despite password sharing crackdown, reports revenue growth
Netflix’s crackdown on password sharing appears to have had little impact, as the company exceeded third-quarter earnings forecasts, further cementing its status as the leader in the streaming market. The company reported a 15 per cent year-on-year revenue growth to £7.5bn, with a net income of £1.7bn and earnings per share of £3.88, all outperforming …
18.10.2024 - 10:18
Business
Business Live
Global export drive for female health brand Health & Her
CARDIFF-based female health brand Health & Her is expanding into the United Arab Emirates following a recent string of new export deals in the US and China. Health & Her was founded by Kate Bache and Gervase Fay in 2019 with a range of supplements to help women as they experience hormonal changes. The products, …
17.10.2024 - 10:14
Business
Business Live
GB Group shares soar after interim trading results beat estimates
Shares of GB Group, the London-listed tech firm, soared 11 percent on Thursday morning following the announcement that its interim trading figures had surpassed expectations. The identity verification and location intelligence service provider reported first-half revenues of approximately £137m, a modest increase from the previous year’s £132.4m and slightly above Peel Hunt analysts’ projection of …
16.10.2024 - 10:11
Business
Business Live
Procook reports fifth consecutive quarter of growth, driven by strong ecommerce and retail performance
Analysts have reported that Gloucester-based kitchenware brand Procook has delivered a “pleasing” set of quarterly results, marking the fifth consecutive quarter of retail growth for the company. The group’s revenue soared to £17m in the quarter, representing an 8.8 per cent increase from the previous year, largely driven by a 12 per cent surge in …
15.10.2024 - 10:28
Business
Business Live
BBC newsreader and Dragons’ Den star among speakers at Black Business Show 2024
Dragons’ Den star Steven Bartlett, BBC newsreader Clive Myrie and British film director Fredi Nwaka are among speakers at the UK Black Business Show this week. The London-based conference – part of Black Business Week – was founded in 2017 by Raphael Sofoluke after he witnessed a lack of representation at events and panel discussions. …
14.10.2024 - 10:29
Business
Business Live
Wren Kitchens owner sheds 1,000 staff as profit slumps year after Ebuyer sale
The group behind Wren Kitchens, West Retail Group, has seen its profits plunge to the lowest level since 2017, with sales dropping from a record high and 1,000 jobs being cut. Headquartered in Yorkshire, the company reported a pre-tax profit of £35.1m for 2023, as per the latest accounts filed with Companies House, as reported …
13.10.2024 - 07:00
Business
Business Live
Consolidation looms for UK fintechs as IPO prospects dim and funding tightens
The UK’s fintech sector is preparing for further consolidation amid a lack of IPO activity, as successful start-ups grow and established companies aim to ward off future competitors. Industry leaders have informed City AM that firms facing financial difficulties will be under increasing pressure to consider buyout offers, with venture capital investment subdued and public …
12.10.2024 - 10:00
Business
Business Live
Popular youth centre to be bulldozed as council reveals future plans for site
A youth centre affectionately dubbed ‘The Boyzee’ that was on the brink of its 60th anniversary has closed and is now facing demolition to pave the way for new ‘low-carbon homes’. The OASIS Centre for Young People in Ellesmere Port shut over the summer and Cheshire West and Chester Council has now lodged a planning …
11.10.2024 - 10:13
Business
Business Live
The Greggs Foundation marks major milestone of 1,000 UK breakfast clubs
Newcastle bakery giant Greggs has marked a major milestone after opening its 1,000th breakfast club in the UK. The company’s charitable arm The Greggs Foundation has opened the club 25 years after launching the very first opening at West Walker Primary School in Newcastle. The clubs, which have shown to have raised attainment levels, punctuality …