Author: Scott Dylan

Leonardo Hotels has made a remarkable financial recovery, significantly reducing its pre-tax losses by over £54 million in the last financial year. This impressive turnaround highlights the resilience and strategic acumen of the hospitality group, even as the market continues to rebound post-pandemic.The group’s latest financial disclosures show a marked improvement, reflecting the company’s ability to adapt and thrive amidst changing economic conditions. Increased turnover, workforce expansion, and strategic management initiatives have all contributed to this positive outcome.Reduction in Pre-Tax LossesLeonardo Hotels has achieved a significant turnaround by slashing pre-tax losses by over £54 million, a substantial improvement from the…

This week, several businesses across the North East have demonstrated their commitment to the community through various charitable and community-focused activities. The initiatives undertaken highlight a synergy between corporate responsibility and local engagement, fostering a supportive environment for both economic growth and social development.From environmental projects to educational donations, these efforts underscore the positive impact businesses can have beyond their commercial operations. The following sections provide a detailed overview of noteworthy activities that have taken place recently, reflecting the region’s dedication to corporate social responsibility.Regeneration of Gateshead’s Riverside ParkVolunteers from Barratt and David Wilson Homes have actively participated in efforts…

Jonathan Reynolds, the Business Secretary, will speak at the North East Growth Summit in Sunderland.Key politicians and experts will join him on October 10 at Sunderland City Hall to discuss economic development strategies.Event OverviewBusiness Secretary Jonathan Reynolds is set to address the North East Growth Summit, an influential gathering aimed at enhancing the economic landscape of the region. The summit will convene on October 10 at Sunderland City Hall, featuring prominent speakers including Shadow Business Secretary Kevin Hollinrake and North East Mayor Kim McGuinness. The focus will be on collaborative efforts to drive economic growth.Sunderland City Council, the North East…

Wizz Air has recently encountered notable opposition from shareholders during its annual general meeting concerning the proposed compensation package for CEO Jozsef Varadi. The tension stems from a substantial pay proposal amidst ongoing operational difficulties.These events highlight the broader governance and financial strains within the airline, further aggravated by a series of external challenges.Shareholder Backlash at AGMDuring Wizz Air’s recent annual general meeting (AGM), a significant revolt emerged among shareholders regarding the proposed remuneration package for Chief Executive Jozsef Varadi. The proposed compensation package includes a restricted share award equivalent to 300% of his £710,534 salary, sparking unrest within the…

There’s a headline one would never expect to write, yet here it is. The spotlight has moved from caterpillar cakes to another supermarket skirmish. This time, it involves a seafood favourite.Iceland is now firmly protecting its King Prawn Ring, putting Aldi, Tesco, Lidl, and Asda in its crosshairs. With over 30 years of history, Iceland is not taking any imitations lightly.The Origins of the King Prawn RingIn 1991, Iceland introduced the iconic King Prawn Ring. This item quickly became a staple in their stores. Over the years, it has garnered popularity for its convenience and taste.The significance of this product…

Delving into the mind of a successful entrepreneur provides a unique perspective on the challenges and rewards of building a business. Today, we have the opportunity to explore the journey of Joshy Jin, a visionary in the culinary industry.In this interview, Jin shares his experiences, insights, and the driving forces behind his innovative approach to the evolving food service market. This conversation promises to offer valuable lessons for aspiring entrepreneurs and seasoned professionals alike.Early Beginnings and Entrepreneurial SpiritReflecting on his career journey, Jin reveals that his first role was as the general manager of his own venture, La Yuan restaurant…

The Telecoms Minister visited Leeds today to reaffirm the government’s commitment to achieving full gigabit coverage by 2030.In a significant advancement for rural communities, 4500 homes and businesses in Yorkshire have gained access to high-speed internet through Project Gigabit. This milestone is part of a larger effort to bridge the digital divide and ensure equitable connectivity.The government awarded a multimillion-pound contract to Quickline earlier this year, facilitating this recent expansion. Sir Chris Bryant commented on the development, stating, “Thousands of rural households, businesses, and students in this region can now enjoy better connectivity without having to battle for bandwidth with…

In a move that has significant implications for innovation across the United Kingdom, HMRC’s stringent measures have resulted in a notable decrease in research and development (R&D) tax credit claims. The latest figures for the 2022/23 tax year reveal a 21% drop, with the number of claims falling to 65,690 from the previous year’s 83,240 claims.Nikhil Oza, a partner at UHY Hacker Young, has attributed this decline to HMRC’s increasingly rigorous claim processing. Oza asserts that the intricate barriers now in place, including a time-consuming additional information form and a mandate for first-time claimants to notify HMRC in advance, are…

The esteemed Journalists’ Charity is reinstating its much-anticipated luncheon in Birmingham this November after a five-year absence. This year, the event proudly presents Sky News crime correspondent Martin Brunt as the guest speaker.Founded in 1864 by Charles Dickens, the charity has been a pillar of support for journalists and their families, offering everything from financial assistance to essential advice and emergency backing. This compilation elucidates the history and significance of the event, providing an overview of the anticipated speech by Mr Brunt, known for his insights into high-profile crime cases.Event Resurgence and Guest SpeakerReturning to the business social calendar, the…

Plans for a new convenience store in the £130m Millers Quay development at Wirral Waters have been submitted to Wirral Council. The proposed store, strategically located on the corner of Dock Road and Duke Street, aims to serve the growing residential community along Northbank.If approved, this 4,300 sq ft purpose-built store will be sited on the doorstep of the Millers Quay residential development and within walking distance for local residents. The planned amenities include a free cash machine and collection points for selected online orders. The store will also be accessible from the quayside walkway along Northbank.The store’s design incorporates…