海角视频

Ofgem approves 拢24bn investment to upgrade 海角视频's energy networks

The 海角视频 energy regulator has approved a 拢24bn investment to upgrade the 海角视频\'s energy infrastructure, as part of the green transition.

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Greggs' downgrades profit expectations as customers put off by June heatwave

Company Results

Operating profit is now expected to be "modestly" below 2024

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Over 1,200 jobs slashed at Clarks as sales plummet by nearly 拢100m

The Somerset-headquartered shoe retailer has reported a revenue of 拢901.3m for 2024, down from the 拢994.5m it achieved in 2023, according to its latest annual report

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West Midlands set for '拢20m boost' over bumper music and sporting weekend

Black Sabbath and test cricket will underpin start of huge month for region's visitor economy

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WHSmith slashes 拢12m off sale price and prepares to disappear from 海角视频 high street

Retail & High Street

The historic Swindon-headquartered retailer was forced to slash millions off its sale price to Modella Capital

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Brits told to 'avoid' Lifetime ISAs as 'nonsensical' rules are costing savers money

The Lifetime ISA has been criticised by the Treasury Select Committee who have called on Chancellor Rachel Reeves to overhaul the product as soon as possible

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British steel commitment for 拢4bn gigafactory as first frames go up in Somerset

'This is a facility that will play a huge role in the EV supply chain in the 海角视频'

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Employment Corporate Britain needs to 'wake up' to potential talent of ex-offenders, charity boss says

Eva Hamilton MBE says horse therapy could ease strain on 海角视频's prison system and is calling for government support

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More than third of major airports raise drop-off fees

The RAC has said it is "bordering on the ridiculous"

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Bank of England should cut interest rates to help households, says Monetary Policy Committee member

Bank Of England

Swati Dhingra said the Bank of England should cut interest rates in order to help stop the squeeze on living standards

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拢62m battery energy storage development planned for Teesworks following EOS deal

The announcement comes on the back of a number of renewable energy projects set to come to the Teesworks site

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West Midlands gigafactory team says next Government must attract more battery investment to the 海角视频

Greenpower Park says 海角视频 is falling behind other countries

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Enterprise

Education Former CBI Wales Ian Price takes up new chair role He has been appointed chair of governors at Gower College Swansea

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Welsh food processing industry 'incredibly depressed' Senedd committee told

Chief executive of the British Meat Processors鈥� Association, NIck Allen, said members were concerned about the direction of travel

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Vivergo boss highlights "great news" but consultation on closure still set to go ahead

The company is consulting on closing "in parallel" with efforts to save the plant

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Finance advisers say government policy 'unsupportive' of small businesses

Financial advisers have slammed the government's policy on small and medium-sized businesses (SMEs) as unsupportive, as firms continue to suffer from economic pressures

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Sam Fender, Foo Fighters and Bruce Springsteen help bring 拢1.2bn tourism boost to North West

Music fans were able to see a wide range of artists in the North West last year, with the likes of Sam Fender, Chappell Roan and Foo Fighters all playing in the region

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Technology

Insolvency and Administration Jobs lost as Newcastle life sciences firm AMLo calls in administrators

The Newcastle University spin-out was pioneering early-stage skin cancer testing and had secured two rounds of investment

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Retail Consumer

By City AM Superdrug creates 600 jobs despite 'strain' of Rachel Reeves' tax hikes

Superdrug has opened 13 stores and created more than 600 jobs in a year despite the company saying that Chancellor Rachel Reeves' tax hikes have put a "strain" on its operating costs.

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Greggs' downgrades profit expectations as customers put off by June heatwave

Company Results

Operating profit is now expected to be "modestly" below 2024

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Inside the Factory and Tempting Fortune maker's revenue rises after BBC takeover

Voltage TV, which was co-founded in 2013 by Sanjay Singhal and Steve Nam, is also behind Amanda and Alan's Spanish Job and DNA Journey

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Gousto has 'never been in better shape' after cutting losses by over 拢50m

The company said its financial goals were set to match the "challenging economic conditions which pervaded throughout 2024" and focused on profit and cash generation.

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Rachel Reeves' tax hikes to cost car dealership Arnold Clark an extra 拢30m

The Glasgow-headquartered group said the increase in employer's National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise

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Manufacturing

Deals Sofina Foods acquires established meat products specialist Finnebrogue

The deal makes Sofina Foods Europe a 9,000-strong business

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Graphene maker Versarien closes Korean arm and warns over future amid financial woes

Company Results

The company previously warned it needed further external investment to continue as a going concern

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海角视频 car production hits 76-year low as Aston Martin halts US exports amid Trump tariffs

Aston Martin shares have been among the hardest hit by Donald Trump's car tariffs, which have left the British car industry at its lowest ebb since 1949 in May

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British steel commitment for 拢4bn gigafactory as first frames go up in Somerset

'This is a facility that will play a huge role in the EV supply chain in the 海角视频'

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Manchester economy still 鈥榲olatile鈥� as cost fears remain

Greater Manchester Chamber expert says 'we have seen bursts of growth followed by drops in production'

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Commercial Property

Offices Cheltenham's Grange Park signs up tech firm as latest tenant

The out-of-town office development has undergone a major revamp

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Property agency CBRE strikes deal for Birmingham office move

Agency will take up a new home next year in the fourth office block to complete on the 拢1.2 billion estate

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Team Valley expansion continues as 海角视频 Land Estates invests in new multimillion-pound industrial development

The Team Valley Trading Estate owners are investing around 拢35m over the next two years in Grade A industrial and warehousing space from Northumberland to Tees Valley

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Prime Cardiff office building up for sale with 拢9.5m price tag

Commercial Property

Eastgate House is being marketed by Savills with the potential for its upper floors to be turned into residential

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Former Greater Manchester Police HQ building set to be demolished for temporary Man Utd fans' car park

A new planning application has been submitted by the owners of the Far East Consortium (FEC) to demolish the remainder of the building that was vacated by the police in 2011

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Professional Services

West Midlands Fletchers targets Midlands with buyout deal

Law firm has taken on serious injury practice from Shoosmiths

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Bank of England policymaker calls for faster interest rate cuts to prevent 'downside scenario'

Bank of England policymaker Alan Taylor has urged his colleagues on the Monetary Policy Committee to vote for faster interest rate cuts in order to allow a soft landing on the inflation path

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Santander acquires TSB for 拢2.9 billion, expanding 海角视频 presence and customer base

The acquisition of TSB will significantly strengthen Santander 海角视频's market share, adding five million customers and 拢34bn in mortgages to its portfolio, as well as 218 branches

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Secure Trust Bank to axe 78 jobs as lender exits motor finance business

Secure Trust Bank said it will pause new lending within its vehicle finance division and "run off" its existing book, meaning it will manage its current portfolio until it naturally winds down

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Accountancy firm Menzies expands with acquisition of Cardiff firm Haines Watts Wales

The deal creates a new enlarged Menzies office in Cardiff

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Economic Development

Economic Development Flagship Welsh law too 'vague' and lacks any real teeth, MSs told The Future Generations Act is often talked about one of Wales' leading laws

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Manchester and Rotherham help to close North-South divide, study suggests

Economic Development

The Northern Powerhouse Partnership study highlights areas which have seen significant productivity growth

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Welsh business confidence the highest in the 海角视频

Lloyds has published its latest business barometer for Wales

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Car park sold by council back on market and for more than double the price

Cheltenham Borough Council sold off Idsall Drive car park in Prestbury last year - and it's been put up for sale for more than twice the amount the authority sold it for

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Sir Keir Starmer urged to provide 'clarity' over Cornwall funding

Cornwall Council leader Leigh Frost has written to the prime minister outlining his concerns

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West Midlands Maritime Transport to operate new 拢1bn West Midlands Interchange New logistics hub will be served by West Coast Main Line and strive to move more freight traffic on the 海角视频 rail network

Discover a new home for your business: Mandale Group鈥檚 new business parks soar in Teesside

Stockton-based developer brings its Hybrid Industrial Units to Middlesbrough, Stokesley and Eaglescliffe

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165 room hotel and leisure complex will act like a traffic-free ski resort for the Derbyshire Peaks

Commercial Property

拢300m site will be a car-free hub 鈥� taking guests into the Peaks for biking and hiking, nature, heritage, sport and culture

North Somerset estate agent's Parker's appoints new manager at Backwell office

Simon Russell joins the team from Ocean Estate Agents

海角视频 Blackrow Group joins forces with OLG as part of 拢75m strategic partnership The two engineering companies are set to supercharge industrial growth across the 海角视频

Jobs lost as Newcastle life sciences firm AMLo calls in administrators

Insolvency and Administration

The Newcastle University spin-out was pioneering early-stage skin cancer testing and had secured two rounds of investment

West Midlands Fletchers targets Midlands with buyout deal Law firm has taken on serious injury practice from Shoosmiths

Jobs lost as Newcastle life sciences firm AMLo calls in administrators

Insolvency and Administration

The Newcastle University spin-out was pioneering early-stage skin cancer testing and had secured two rounds of investment

Former CBI Wales Ian Price takes up new chair role

He has been appointed chair of governors at Gower College Swansea

Turntide Technologies secures 拢10m deal to power the first battery trains built in the 海角视频

The Tyneside electrification specialist is also set for expansion at its Gateshead facility

Welsh food processing industry 'incredibly depressed' Senedd committee told

Chief executive of the British Meat Processors鈥� Association, NIck Allen, said members were concerned about the direction of travel