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ASDA supermarket
Asda recovery 'set back six months' by troubled £1bn IT upgrade
Zuber Issa sold his stake in the supermarket last year, while boss Allan Leighton says sales slump was 'self-inflicted'
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Businesses are changing hiring strategies after Budget, poll suggests
Employment
Bosses also fear their companies will be targeted with further tax rises in the near future.
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House prices fall in London and Southern England but continue to rise in North and Wales
property news
Uncertainty around the Budget contributed to a dip in buyer demand in recent weeks
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Nationwide sees transactions soar on Black Friday 2025
Retail & High Street
The Swindon-based lender predicts more than 12 million transactions will be made over the day
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Yorkshire timber group with 1,150 employees across the º£½ÇÊÓƵ calls in administrators
Insolvency and Administration
More than 550 redundancies have been made at National Timber Group and 13 of 47 bases closed with immediate effect
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Debenhams CEO could earn almost £150m bonus without shareholder vote if shares soar
Retail & High Street
Debenhams has unveiled a new executive bonus scheme that could reward CEO Dan Finley with almost £150m if shares rocket
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Autumn Budget 2025: Everything you need to know about major tax rises, spending measures and business impact
The Budget
Chancellor Rachel Reeves has delivered her second Budget
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Cirata shares rise as FCA closes fraud investigation into former Wandisco
By City AM
The FCA has closed its two-year investigation into Cirata, formerly Wandisco
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Electric version of iconic 1950s Morris van to be made in Wales
Welsh Government
The project from Morris Commercial Ltd will create 150 jobs
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Chancellor gives major Budget boost for Cardiff Parkway project
Cardiff Capital Region
The scheme's integrated business park is attracting strong interest from Rolls-Royce
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North East business leaders deliver mixed reaction to Winter Budget
The Budget
Newcastle BID company NE1 Ltd says the Budget piles more pressure on city centre businesses, but the Chamber says there is 'cause for guarded optimism'
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EmploymentCorporate Britain needs to 'wake up' to potential talent of ex-offenders, charity boss says
Eva Hamilton MBE says horse therapy could ease strain on º£½ÇÊÓƵ's prison system and is calling for government support
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More than third of major airports raise drop-off fees
Transport
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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£62m battery energy storage development planned for Teesworks following EOS deal
Climate Agenda
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 º£½ÇÊÓƵ
Automotive
Greenpower Park says º£½ÇÊÓƵ is falling behind other countries
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Enterprise

EmploymentBusinesses are changing hiring strategies after Budget, poll suggests
Bosses also fear their companies will be targeted with further tax rises in the near future.
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Trio of transport companies join forces to deliver major contract
Transport
The family-run firms are based in North Yorkshire, Gloucestershire and Leicestershire
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Cornwall's oldest fishing business bought by Falkland Islands firm
Deals
Ocean Fish aims to become a £100m-turnover business by 2030 following the acquisition
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10 questions for Sam Spoors of Talentheads
People
The founder of the Northumberland-based recruitment business answers our questions.
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John N Dunn promises further growth as it brushes off challenges in construction sector
Construction
The Tyneside group is targeting work in the renewables market
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Technology

By City AMCirata shares rise as FCA closes fraud investigation into former WandiscoThe FCA has closed its two-year investigation into Cirata, formerly Wandisco
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South Yorkshire software firm IntelliAM seals new contracts worth £250,000
Deals
The Sheffield firm says the deals mean it has now officially expanded into the building products sector
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Tech firm transforming car dashboards with 'smart surfaces' raises £3m
Technology
Uniphy's technology has already been trialled by automotive giant Hyundai and Spain's Grupo Antolin
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New jobs to be created at RMT Technology following major contract win
Deals
The Gosforth business has been appointed to provide services for all of Cyclife º£½ÇÊÓƵ's nationwide operations
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South Wales compound semiconductor cluster aims to employ 6,000 by 2030
Technology
It comes as the cluster celebrates its tenth anniversary
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Retail Consumer

Retail & High StreetAsda recovery 'set back six months' by troubled £1bn IT upgrade
Zuber Issa sold his stake in the supermarket last year, while boss Allan Leighton says sales slump was 'self-inflicted'
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Dawson and Sanderson hails year of investment and transformation amid profits drop
Travel
The Newcastle tour operator said a slow start to the year later led to a buoyant late bookings market
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Nationwide sees transactions soar on Black Friday 2025
Retail & High Street
The Swindon-based lender predicts more than 12 million transactions will be made over the day
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Debenhams CEO could earn almost £150m bonus without shareholder vote if shares soar
Retail & High Street
Debenhams has unveiled a new executive bonus scheme that could reward CEO Dan Finley with almost £150m if shares rocket
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Pets at Home boss says 'urgent and necessary' measures needed to revive retail fortunes
Retail & Consumer
The group said it was 'returning to our retailing roots'
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Manufacturing

North WestPharmaceutical plant expansion set for approval in move that could create 150 jobsBespak aims to produce 'next-generation environmentally friendly inhalers'
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Northumberland lighting firm Raytec snaps up Finnish company Atexor Oy
Deals
Raytec says the deal allows it to expand its footprint in the EU and accelerate growth in the hazardous area lighting
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Troubled graphene maker Versarien considering administration after sale plans collapse
Engineering
The graphene maker has staved off numerous financial crises this year and has placed a number of its businesses in administration already
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Tyneside firm Union Electric Steel collapsed owing £16.9m, new documents show
Insolvency and Administration
The plant’s US owners accelerated a planned closure by putting the Tyneside company into administration last month
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º£½ÇÊÓƵ critical minerals strategy will create jobs and boost manufacturing, says mining boss
Politics
Jamie Airnes, chief executive of Cornish Lithium, has welcomed plans to reduce reliance on China and boost domestic supply
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Commercial Property

Commercial PropertyNorthern Gateway: Tram-train transport scheme for huge employment site is approvedDevelopment aims to bring 'transformational change'
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Gary Neville's Relentless secures long term future of Manchester landmark Kendals
property news
Gary Neville's development company Relentless has been named as the developer to transform the historic Kendals department store
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Spencer Engineering Group posts £4.3m loss but remains confident on future growth
Company Results
The Hull-based business took a £5.1m impairment hit on an investment in the troubled Energy Works power plant, but turnover grew 15% to £70m
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Karbon Homes starts work on new 124-apartment extra care scheme in South Shields
property news
The scheme involves designers JDDK Architects and main contractor Robertson Construction North East
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Huge storage and logistics warehouse plan on Prinovis site set for approval
property news
More than 100 objections to Speke plans
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Professional Services

AppointmentsPeople on the move: key North East appointments and promotionsCompanies announcing new roles this week include Azets, Muckle LLP,
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Two of Cardiff's most popular music venues under new ownership
Music
Tramshed and the Globe have been acquired by Propaganda Independent Venues
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Yorkshire timber group with 1,150 employees across the º£½ÇÊÓƵ calls in administrators
Insolvency and Administration
More than 550 redundancies have been made at National Timber Group and 13 of 47 bases closed with immediate effect
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Hargreaves Lansdown backs º£½ÇÊÓƵ investment hub plans in Rachel Reeves' Budget
The Budget
The Bristol-headquartered financial services platform said the move was a 'welcome boost' for British investment culture
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Freeze to income tax thresholds extended to 2031 – what we know so far
Professional Services
PA news agency explores what changes will mean for taxpayers
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Economic Development

Economyº£½ÇÊÓƵ firms spending more on research and development shows new ONS figuresR&D expenditure by firms in Wales makes up less than 2% of the º£½ÇÊÓƵ total
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Work restarts at Northumberland hospital following Merit's fall into administration
property news
An interim contractor has been enlisted and the NHS trust has started the process to appoint a replacement contractor to complete the hospital
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Plymouth waterfront skyscraper plans put on hold because no one wants to buy them
Construction
Sutton Harbour Group Plc (SHG) has told investors the state of the regional and national economies means appetite for new developments is low
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House prices fall in London and Southern England but continue to rise in North and Wales
property news
Uncertainty around the Budget contributed to a dip in buyer demand in recent weeks
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Construction work begins on £50m Freshney Place redevelopment in Grimsby
property news
The scheme will deliver a five-screen Parkway cinema, leisure facilities, dining and drinking establishments plus a food hall and market by 2027
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