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Wincanton issues profit warning after losing key government contract
Logistics
The Wiltshire-based firm said it was “extremely disappointed” after HMRC switched to another logistics provider to support its UK customs arrangements at inland border facilities
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Suttons Performance Packaging sold in £9m deal
East
Cambridgeshire-based Suttons supplies the medical, electronics and industrial sectors
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Government 'absolutely committed' to HS2 from London to Manchester and east of England
North West
It was recently reported HS2 might not run to its planned central London terminus at Euston due to rising costs
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Abellio UK completes MBO from Dutch parent company
Transport
Railway and bus services in several regions now under UK ownership following completion of buyout deal
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The Original Factory Shop guarantees interviews for redundant Wilko, New Look, Argos, B&Q, M&Co, Paperchase and TK Maxx staff
North West
New figures recently revealed that UK retailers have slashed almost 15,000 jobs since the start of 2023 after a raft of collapses and restructurings on the high street
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Co-operative Bank tables bid for £650m Sainsbury’s Bank mortgage book
North West
The Co-operative Bank's annual results are due out next week
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"The four-day week was a game changer": How results of UK trial could change the way we work
Employment
Results of the UK four-day week trial show that majority of firms that took part are sticking with the new regime with staff reporting feeling less stressed while productivity is maintained.
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Premiership Rugby hires Sir Nigel Boardman to review club finances
Appointments
Sir Nigel has previously led a government inquiry into the Greensill Capital lobbying scandal
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Company that lost Amazon deal to enter liquidation a year after collapsing into administration
North West
TVR Express also had deals with FedEx, Hermes, Yodel and DPD
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Boohoo stake increased by group owned by one of the world's richest men
North West
Ken Griffin has an estimated net worth of £21bn
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Owner of Stack drinking and dining destination Danieli Group hails record year
property news
The company has released accounts as it starts work on its latest Stack site in Lincoln, releasing images to show how it will look
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Interest rates rise to 4% as Bank of England prepares for 'shallow' recession
Bank Of England
Monetary Policy Committee says inflation may have peaked in the UK
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Matthew Moulding's THG hands shares worth £20m to over 700 employees
North West
The move comes after the group gave out £36m in shares to 586 employees during 2022
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The Range builds mega shed big enough to be seen from space and creates 1,650 jobs
Retail
The Range is building the UK's largest warehouse development in Suffolk as part of its growth plans to roll out another 100 stores
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Shares in N Brown continue to rise as Mike Ashley's Frasers Group circles
North West
N Brown's brands include Jacamo, Simply Be and JD Williams
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KPMG partner pay rises to £717,000 as deal market booms
KPMG
KPMG handed 16,000 of its employees wage increases of between £2,000 and £4,000 in May last year
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Tech Nation to close down after losing £12m funding to Barclays
Insolvency and Administration
Among the businesses it has helped are Monzo Bank, Revolut, Bloom & Wild, Just Eat Ocado, Skyscanner and Deliveroo
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BT to welcome over 400 apprentices and graduates in September
BT
The new roles are spread across a number of locations including Belfast, Birmingham, Bristol, Cardiff, Ipswich, Leeds, London and Manchester
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Full list of 23 NatWest branch closures happening in 2023
NatWest
The high street bank has announced plans to shut more sites over the course of this year
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UK fishing fleet backed by Orsted to help clean up North Sea marine litter
Environment
Port facilities and on-board collection equipment provided as part of Hornsea Three lifetime commitment
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Grimsby logistics firm adds beer distribution to group with crafty acquisition
Deals
Independent brewery-supporting Jolly Good Beer joins the Fardel Shipping and Hedges Chilled Distribution business
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Full list of 40 more Halifax and Lloyds bank branches to close
Lloyds
The closures will not lead to any job losses
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115 oil and gas licensing applications made in latest North Sea round
Energy
Energy security at the fore as bids tied into Net Zero ambition
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'Space is hard': What comes next for Cornwall's space race and the operators involved
Technology
The fact that the first UK space launch ended in failure is not the end of the story - it is just the beginning.
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