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US acquisition helps Croda to strengthen green credentials
CRODA International – the company behind Lorenzo’s Oil – has secured an acquisition which could help it to develop new consumer products.
Apprentice scheme launch to cover sector’s skills gap
ELECTRONICS Yorkshire has launched an apprenticeship scheme in electronics to meet what it describes as “a significant skills gap in the sector”.
3i builds its infrastructure presence
3i Group is to buy the European infrastructure fund management business of Barclays as part of a drive to boost its fee income from public-private partnerships and renewable energy projects.
Children’s money habits ‘formed by age of seven’
MOST children’s money habits have been formed by the time they reach seven years old, research from a Government-backed body found this week.
Co-op halts lending to new corporate customers
The Co-operative Bank is to stop lending to new corporate customers as it seeks to repair a major hole in its finances – dealing a blow to efforts to ease the borrowing squeeze on small businesses.
Procter brings back former boss
Procter & Gamble has brought back AG Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring.
Country 75pc of the way through debt crisis, says economist
Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the financial crisis, a top Bank of England policymaker said yesterday.
Tool to cut through ‘smoke and mirrors’
A NEW online tool launched this week promises investors a way to cut through what its authors call the “smoke and mirrors” used by investment firms to charge hidden fees and get a more realistic valuation of their investments.
Bank backs down over mortgage rate rise
The controversial ‘Ticked Off...’ column which exposes malpractices in the financial industry has struck with success.
Hope grows for first-time buyers as mortgage lending on the rise
Most people aspire to own their own home. With house prices up by 29.7 per cent in 10 years, it makes good financial sense.
Croda expands with US acquisition
NATURAL chemicals company Croda International has bought a leading US oil gelling polymer business to strengthen its position in this field.
Mitchells to focus on making dining out a special occasion
Mitchells & Butlers, the UK’s biggest operator of managed pubs with 1,600 sites, yesterday placed upmarket, special occasions and family dining at the centre of an investment drive worth up to £80m a year.
IP Group launches second venture fund worth £30m
YORKSHIRE’S top academics could soon have more opportunities to turn their ideas into businesses.
Resilience in the US jobs market
THE number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labour market despite belt-tightening by Washington.
Mothercare suffers another big loss but sees signs of recovery
RETAILER Mothercare racked up another big loss in the UK yesterday but insisted there were signs that the business is on a “firmer footing”.
It will be a long slog to get back, warns Halfords
Halfords warned of a long uphill slog to recovery yesterday as profits tumbled by 22 per cent and its dividend was slashed by a third to pay for a £100m revamp of the struggling car parts and cycling retailer.
Eurozone still feels economic pain
The downturn across eurozone businesses eased slightly this month, although a dearth of new orders means the bloc’s economy is likely to contract again in the second quarter, business surveys showed yesterday.
Flybe to quit Gatwick in drive to return to profit
Struggling airline Flybe Group will quit its main London hub at Gatwick airport and has pushed back the delivery of 16 new aircraft to help it return to profitability.
Lloyds raises £450m in St James’s Place stake sale
State-backed Lloyds Banking Group said it had raised £450m from the sale of 15 per cent of wealth manager St James’s Place to boost its capital.
Mothercare backs turnaround plan
RETAILER Mothercare racked up another big loss in the UK today but insisted there were signs that the business is on a “firmer footing”.
Ailing Flybe quits Gatwick
STRUGGLING regional airline Flybe is quitting Gatwick Airport by selling its runway space there to budget rival easyJet for £20 million.
Return to growth underlined
THE UK’s return to growth was underlined today as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
Flybe sells runway space to easyJet
Struggling regional airline Flybe is quitting Gatwick Airport by selling its runway space there to budget rival easyJet for £20m.
Mothercare says back on track
Retailer Mothercare racked up another big loss in the UK today but insisted there were signs that the business is on a “firmer footing”.
Rating firms in warning to eurozone countries
Credit rating firms say they could further downgrade the ratings of highly indebted eurozone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.
Keyhole surgery on wing ready for take-off
SURGICAL Innovations is to use its pioneering keyhole surgery techniques to examine jet engines without having to take them apart.
Morrisons’ shares fall on back of mystery sell-off
SHARES in Wm Morrison Supermarkets fell yesterday after UBS confirmed it had placed around 100 million shares in the firm at 280p for an institutional seller.
Paragon aims to set up a new bank next year
buy-to-let mortgage provider Paragon plans to set up a bank next year, taking advantage of new rules designed to encourage competition to Britain’s established lenders.
Total goes ahead with refinery investment
Total is going ahead with a plan to invest 1 billion euros at its Belgian refining and petrochemical complex to boost diesel-making capacity and cut costs, the head of refining at the French major said yesterday.
New retail scheme could be full in just six weeks
A RETAIL development which is expected to create 1,000 jobs in Yorkshire could be fully let within six weeks, it was revealed yesterday.
Nationwide’s record market share
NATIONWIDE said yesterday that its share of the mortgage market had reached a record high after seeing a big rise in the number of first-time buyers joining the property ladder.
Deal to power 14,000 homes
Methane miner Alkane Energy is to buy Maltby colliery’s methane reserves in a deal that will enable it to provide power for up to 14,000 homes.
MPC remains split over monetary policy
The Bank of England’s top policymakers remained split 6-3 against restarting its bond purchase programme for a fourth month in a row in May, amid signs that the economy is improving.
C&W hits hurdles as it aims to sell Monaco business
Cable & Wireless Communications said gaining government approval for the disposal of its Monaco business was proving more problematic than expected, but it had options available if the sale to Bahrain’s Batelco fails.
BigChange goes to the crowd to fund its growth
TECHNOLOGY entrepreneur Martin Port is seeking to sell 14 per cent of his business venture BigChange via an online equity crowdfunding platform to fund the next stage of its growth.
1 commentRolls-Royce celebrates contract with CIT to supply engines to fly 23 Airbus planes
Rolls-Royce has won a contract to supply engines to power 23 Airbus aircraft ordered by US leasing company CIT Aerospace, it said yesterday.
HSBC appoints new man to work with SMEs
HSBC has appointed Mick Knowles to the role of area commercial director for South Yorkshire, which will see him focus on supporting small and medium-sized enterprises (SMEs).
Balfour secures deal for university project
THE brightest and best engineering students in Britain will soon be attracted to a new academic building in Yorkshire.
Aim to make all things Bright & Beautiful
FORMER quantity surveyor Emma Brayshaw has launched her own franchise of domestic cleaning and homecare business Bright & Beautiful.
Profits up as SSE customers feel heat
ENERGY giant SSE pocketed a profits boost from UK households over the last year, as consumers turned up their heating to keep out the terrible winter weather.
Pilates venture in good health as it invests £10,000 in expansion
STUDIO Pilates has expanded with the opening of a new exercise studio and three new treatment rooms.
Security work begins in first stage of transformation of chocolate site
YORK’S industrial heritage has received a £150,000 boost with the start of work to preserve and restore the historic former Terry’s chocolate factory.
40 jobs go as Britvic axes Huddersfield plant
DRINKS company Britvic has announced plans to close its factory in Huddersfield with the loss of 40 jobs.
Nationwide reports home loans boost
NATIONWIDE boasted a record share of the mortgage market today after seeing a big rise in the number of first time buyers joining the property ladder.
Cold winter sparks 28% SSE profits rise
ENEERGY giant SSE pocketed a 28% profits boost from UK households over the past year as they turned up their heating to keep out the bitter winter weather.
Lloyds insists it can meet capital demands
LLOYDS Banking Group today insisted it will not need additional help to meet regulatory demands for a bigger buffer against future financial shocks.
Bank still wants to pump more money into economy
BANK of England governor Sir Mervyn King stuck to his guns in wanting to pump more money into the economy this month, despite recent glimmers of hope for growth.
Southern US states to get taste of Ilkley Brewery beers
A YORKSHIRE brewery hopes to win orders across the US after securing a lucrative contract.
Royal Mail enjoys profits surge as flotation moves step closer
ROYAL Mail unveiled a big jump in profits to £440m yesterday as it took another step towards a possible stock market flotation later this year.
M&S chief shrugs off talk of an investor rebellion after results
MARKS & Spencer’s chief executive Marc Bolland has dismissed speculation that shareholders could force him out after the group posted its lowest annual profits since 2009.
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Saturday 25 May 2013
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