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South East
11:10, 5 MAY 2022
º£½ÇÊÓÆµ inflation: Government urged to help businesses amid cost of living crisis
Economy
Inflation hit a 30-year high in March, driven by rising petrol prices and the surging cost of energy
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Inflation reaches 30-year high after hitting 7% mark in March
Economy
The rate of inflation is expected to rise higher when increasing power bills are added in next month
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Deliveroo sales rise as customers grow but spend per order falls
Technology
The listed company faced tough comparisons from a year earlier when restaurants were shut due to the pandemic
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Asos braced for £14m hit from quitting Russia after falling to half-year loss
Retail
Sales still rose by 1% to £2bn in the six-month period
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These are the latest rail passenger numbers for the º£½ÇÊÓÆµ
Transport
All rail operating companies are continuing to see an rise in passengers having seen levels severely hit during the height of the pandemic
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Administrators for old Flybe look to claw cash from new Flybe
Insolvency and Administration
Administrators for old Flybe, now named FBE Realisations and with debts of £650m, monitor new Flybe Ltd as it starts services
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Dragons' Den Peter Jones and Deborah Meaden invest in firm making black Santa baubles
Dragons Den
They have both invested £25,000 into March Muses which is now looking to scale-up
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BT to hand out biggest pay increase for more than 20 years to 58,000 workers
BT
The group said the move is 'focussed on the lowest paid workers'
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Home Bargains creates more than 2,000 jobs as sales pass £3bn
North West
The company added it expects to report a further growth in turnover and profits for its current financial year
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Profits slashed at the Co-op as supply chain disruption and investments hit margins
The Co-operative
Total group revenue increased by £300m compared to 2019 but was down by the same amount on 2020
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Surge in used car sales helps Lookers to record year as profits hit £90m
Retail
The owner of WeBuyAnyCar.com and Cinch acquired an almost 20% stake in Lookers in January
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What's next for 46 'lost' department stores including Debenhams, Woolworths, House of Fraser
Retail & Consumer
The Departing Stores: Emporia at Risk report highlights the plight of the department stores in the face of changing shopping habits and what is being done to save them
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Parkdean Resorts to invest £140m across º£½ÇÊÓÆµ parks ahead of record holiday season
Leisure & Touism
The North East holiday park operator is bringing in a number of improvements across its 66 parks
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Transport group Go-Ahead targets £4bn revenues following troubled period
Transport
The findings of a business review in which Go-Ahead Group set out growth targets have been revealed to investors
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Ryanair set for loss of at least £294m - but says passenger numbers are recovering
Ports & Logistics
Budget airline said number of fliers was still down a third on pre-Covid figures
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Saietta Group snaps up former ZF factory in Sunderland in major North East investment plan
Deals
The electric vehicle powertrain firm has also hired some of ZF's former staff
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EasyJet cancel 200 flights due to high Covid rates among staff
Transport
It comes as staff shortages at major airports contributed to long delays
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Sofa Workshop collapses into administration with loss of 77 jobs
Retail & High Street
All existing orders will be fulfilled , say appointed administrators at PwC
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The 13 º£½ÇÊÓÆµ tech firms with valuations of more than $10bn
Technology
New figures also show the value of the º£½ÇÊÓÆµ's tech has reached $1 trillion
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Brewin Dolphin to be acquired by Royal Bank of Canada in £1.6bn deal
Deals
The wealth manager, which has a strong presence in the North East and around º£½ÇÊÓÆµ regions, is recommending the deal to shareholders
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Average º£½ÇÊÓÆµ house price soars by more than £33k in one year
property news
Nationwide said it was becoming harder for homeowners to trade up, with price gaps between property types at a record high
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South East finalists for the StartUp Awards National Series revealed
Startups
The winners will be revealed in June
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Pandemic pet boom: The º£½ÇÊÓÆµ companies turning a passion for animals into serious business
Retail
From food to fashion accessories to wearable tech, the º£½ÇÊÓÆµ pet market is thriving - and these firms are reaping the rewards
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P&O Ferries boss refuses plea to reverse decision to sack 800 workers
Employment
The CEO said re-employing the workers would 'deliberately cause the company's collapse'
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