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Jet2 profits soar despite impact of Greek wildfires and air traffic control chaos

Jet2 profits soar despite impact of Greek wildfires and air traffic control chaos

Airline and package holiday operator Jet2 has revealed a 19% hike in operating profits as it says customers continue to prioritise time away despite challenges in the economy. The Leeds Bradford Airport-based firm said revenues were boosted 24% to £4.4.bn in the half year to the end of September as customers chose to travel later and increased plumped for the package deals. The gains came despite £14m of costs attached to disruption caused by wildfires in Rhodes and flooding in Skiathos, as well as systems failures at the UK air traffic control operator NATS and strikes in Europe. The period, which includes Jet2's summer peak, has set the carrier up to deliver expected pre-tax profits of between £480m and £520m. It said bookings for the winter season had been a bit slow but with a higher mix of package customers providing higher margins. Read more: Green jet fuel refinery developer Velocys could be bought out by investment house consortium as cash runs out Read more: Pensana and Yorkshire Energy Park to explore magnet metal plant opportunity For next summer, Jet2 is boosting seat capacity by 12% to 17.19m seats and said bookings and pricing for the period were so far encouraging, with average load factors 2.0ppts ahead of summer 2023 at the same point. It said losses were expected in the second half of this financial year due to investment in more aircrafts, marketing of the summer 2024 deals and recruitment of staff for its new base at Liverpool John Lennon Airport where it will open in late March 2024. Just post the period end, Jet2 opened its 150,000 sqft Retail Operations Centre in Cheshire. The facility, which is set to create up to 300 jobs, is used to stock, manage and distribute millions of in-flight retail products, including food and drinks and items from the onboard shop including perfumes and gifts. Steve Heapy, CEO of Jet2 plc, said: "We are pleased to have delivered another strong financial performance during the first half of the financial year, despite the well-publicised external challenges faced. This clearly demonstrates that our end-to-end package holiday is a popular and resilient product and is the right product for price conscious customers. "Our customer first ethos runs deep throughout our company culture with 'people, service, profits' our guiding principles and our commitment to an innovative, value for money product and exceptional customer service is unwavering. We are truly grateful to have such exceptional colleagues who are not only some of the best in their profession but are also highly motivated and incredibly proud to provide this level of service.

Port of Tyne secures £1m funding to install 5G tech as part of innovation push

Port of Tyne secures £1m funding to install 5G tech as part of innovation push

The Port of Tyne has received funding of more than £1m towards making it a 5G-enabled ‘smart port’. The project, in partnership with South Tyneside Council, aims to boost the port’s reputation for innovation within the maritime industry. It will see 5G cameras and Internet of Things sensors installed to monitor the port estate and support its drive to go all-electric. Port bosses say the scheme will enhance operational efficiency, safety and sustainability with key benefits including increased competitiveness and faster data transfer speeds. Read more: Sunderland medical cannabis firm expands and swaps minimum wage for starting salaries Read more: TechnipFMC secures work on £4bn green energy scheme in North East Dr Jo North, director of technology and transformation at Port of Tyne, said: “As we embrace the digital transformation of the maritime industry, the Port of Tyne is proud to lead the way as a 5G-enabled port. We have already invested in a port-wide private 5G network, and this contract will further enhance our capacity to implement innovative opportunities for sustainable growth, benefiting the communities in North and South Tyneside.” She added: “Streamlined operations, improved safety and sustainability are just a few of the benefits this project will bring. Seamless connectivity will enable us to link shipping companies, logistics providers and regulatory bodies from across the globe, leading to more effective collaborations to address global challenges such as climate change and cybersecurity threats.” The project has been welcomed by South Tyneside Council leader Tracey Dixon, who said: “This milestone represents a significant step forward in our council’s commitment to innovation, efficiency and sustainability. Connecting residents to jobs is one of the five key ambitions of our 2023-2043 South Tyneside Vision, with the intention that residents will have access to good quality jobs, skills and learning. This project will help to grow the Port, maritime and creative industries across the region, offering more employment opportunities for residents.”

Davies Turner unveils latest West Midlands logistics hub

Davies Turner unveils latest West Midlands logistics hub

A new logistics facility has opened in the West Midlands. Davies Turner, which runs freight forwarding and logistics operations, has opened its seventh UK fulfilment centre in Atherstone. The new hub adds to its portfolio of third-party logistics sites which work with clients seeking to outsource their supply chain management requirements. The new multi-user hub has 140,000 sq ft of warehousing space, as well as four 35,000 sq ft mezzanine floors with conveyors, barcode readers and cameras to assist in automation. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Davies Turner's portfolio of warehousing and logistics property across the UK now amounts to more than one million square feet including a site in Coleshill near Birmingham where it is also headquartered. Director Alan Williams said: "Our large freehold property portfolio is self-funded and represents a clear and ongoing demonstration of the company's willingness to invest in the future of our business. "The development marks the next step in the ongoing growth of our third-party logistics supply chain management business and frees up some space at our other facilities in the Midlands for general freight.

Freight company AGI takes bigger Derby offices

Freight company AGI takes bigger Derby offices

Air, road and sea freight specialist AGI has grown its East Midlands presence after moving into a bigger offices within Nurton Developments’ Cardinal Square site, in Derby. The 3,776 sq ft office is three times the size of its previous office there and will set the company up for further growth in the region. The offices are close to Derby city centre, on the junction of the A61 and A52 alongside the inner ring road, with good connectivity to the M1 and East Midlands Airport. AGI Derby director Dale Cross said: “It’s a great step up for us, but what’s even better is that it’s just down the corridor from where we were before. “Cardinal Square is ideally located for our needs and near to amenities and designed to consider the wellbeing of our team too, which will also help us recruit as we expand. “We have big plans for the East Midlands following rapid growth of the business and all the team are pleased to be staying at Cardinal and looking forward to welcoming new people and growing into the new space as we deliver our strategic growth plans.” AGI is one of several tenants at Cardinal Square including Bulkhead, Freeth’s, City Fibre, FTT, Randd, Astute, FHP, Smile Bright and the NHS. David Dyas, asset manager for Nurton Developments, said: “We’re pleased to be retaining AGI in Derby city centre and helping them expand their presence in the region, signing them up for another six-year lease. “Cardinal has always been an office to help nurture businesses and as a landlord we welcome conversations and are open to looking at how we can use the space to offer flexibility and opportunity for occupiers to realise their ambitions. “AGI is a classic example of a company looking for a base, taking a two-man office three years ago, then a five desk office 15 months ago expanding into 1,100sq and now trebling their space requirements.”

Jet2 books revenue and profit rises amid record passenger numbers

Jet2 books revenue and profit rises amid record passenger numbers

The popularity of its package holidays has helped Jet2 generate a 24% rise in revenue and boosted operating profits. New unaudited results for the year to the end of March show the Leeds Bradford Airport-based plc booked revenue of £6.25bn, compared to £5.03bn the year before, while operating profits rose 9% to £428.2m. Holidaymakers increasingly plumped for higher margin package deals and booked closer to their departure dates. The results are the first under the stewardship of Jet2 non-executive chairman Robin Terrell, who took over from founder and chairman Philip Meeson, who stood down in September. Mr Terrell said he was extremely pleased with the firm's performance since the pandemic - pointing to a near doubling of its pre-Covid revenue. Read more: Barratt grapples with £192m remediation costs but upgrades profits outlook Read more: Camera film maker Harman reveals multi-million pound investment as demand for 35mm retro tech grows To further drive growth, Jet2 has exercised the remaining 36 purchase rights of a Airbus aircraft order first announced in late 2021. The deal gives the holidays firm a pipeline of 146 A321neo aircraft through to 2035. Meanwhile, Summer 2024 on sale seat capacity is said to be 12.3% higher than Summer 2023 at 17.16m seats. The number of package holiday customers are up by 7%, representing 72% of overall flown passengers and flight only customers are up 16% Mr Terrell said: "Our strategy remains consistent: to be the UK's Leading and Best Leisure Travel business. It was a challenging year for UK consumers with rising inflation and elevated interest rates putting pressure on disposable income levels. However, against this backdrop we made further progress on our growth strategy, delivering record passenger numbers, revenues and profitability and strengthening our balance sheet to underpin future growth and provide financial resilience and flexibility. "Having successfully launched operations from Liverpool John Lennon Airport in March 2024, we were delighted to announce another new base at Bournemouth Airport where flying operations will commence from February 2025. This means that more holidaymakers across the South of England will benefit from our multi-award winning leisure flights and ATOL protected package holidays.

Jet2 raises profit expectations following winter breaks popularity

Jet2 raises profit expectations following winter breaks popularity

Holidays and flights company Jet2 has upgraded its profit guidance on the back of strong forward bookings for its winter breaks. The Leeds Bradford Airport-based plc said that against a 20.5% increase in seat capacity, its winter 2023/24 bookings were up 17%, with pricing robust and customers increasingly choosing higher margin packages. Bosses noted a resurgence of city breaks during the period and said the leap year and early Easter would benefit group profit before foreign exchange revaluation and tax, which is now expected to be between £510m and £525m, up from between £480m and £520m. And despite signs of a healthy summer 2024 with increased prices, caution was issued to investors on the London Stock Exchange as Jet2 said it was mindful of global instabilities, including macro-economic and geo-political activity, which it said could impact future consumer spending. The airline has 12.5% higher capacity for its summer routes with 17.2m seats and said forward bookings were encouraging. Read more: Plant based food firm Myco lands £1.5m investment to begin burger production Read more: Virgin Money agrees £20m buy out of abrdn joint venture It comes as overheads increase for the firm, in the shape of hotel charges, changes to the EU Carbon Emissions Trading Scheme and its own investment in technology and staff. Five newly delivered A321neo aircraft from Airbus are now in service with six more due to arrive by the end of 2025. At the end of March, Jet2 flights are due to start from the firm's newest of 11 UK bases at Liverpool John Lennon Airport. The firm is offering 20 summer destinations from the airport, including the Canary Islands and Bulgaria, among seven routes. Steve Heapy, chief executive officer, said: "We are pleased with how the 2024 financial year is ending and are encouraged by early bookings for Summer 2024. Whilst recognising that there are many demands on consumer discretionary incomes, we believe that our customers cherish their time away from our rainy island and want to be properly looked after throughout their holiday experience.

Immingham's maritime community at the heart of industry best practice in safety

Immingham's maritime community at the heart of industry best practice in safety

Immingham’s role at the heart of the North Sea maritime community has been highlighted with the hosting of a key event and major award wins. DFDS Seaways UK has welcomed colleagues from across Europe to its inaugural Health, Safety, Security and Environment Conference, held at the Ashbourne Hotel in North Killingholme. It follows recognition for it and another Immingham team making a huge mark in the same sphere in the offshore wind industry. The event was organised by the award-winning DFDS Seaways UK Safety and Risk Team, who are based at Immingham, and highlighted best practice. The agenda covered topics including risk management, contractor management, training, environmental measures, communications and personal protective equipment. Scores of delegates descended from Turkey, Italy, Norway, Sweden and Denmark. Read more: Steve Price, director of health, safety, security and environmental management at DFDS Seaways, said: “We were delighted to welcome our DFDS colleagues to Immingham to share and discuss best practice, align common challenges and build relationships. This was the first event of its kind, and my vision is for this conference to be held annually and globally within the DFDS family.” The conference followed national recognition for the DFDS Seaways UK Safety and Risk Team at Immingham. In September it won the CILT UK Awards for Excellence 2023 in the Health, Safety and Wellbeing category. The judges said the award was presented to the DFDS team for “showing the effectiveness of their approach, giving a clear summary of the results and goals for the future.” Andrew Byrne, managing director of DFDS Seaways, said: “The award reflects the hard work and passion of the team at DFDS Seaways UK. The safety journey we have been on during my time at DFDS Immingham has required everyone to accept a new culture and adapt to create a safe workplace for all. Safety is in our DNA and is the fabric of our organisation. I am extremely proud of our director, Steve Price, and his team for winning this major award. It is well deserved.” Outside of the port gates, and the past month has seen the Thrive Safety Leadership Centre win the RenewableUK Global Offshore Wind Awards’ ‘Gamechanger’ category. Delivered by ATT for Orsted, it was described as an “exceptional innovation which has significantly impacted the offshore wind industry”. An immersive character-led situation-based experience, with a team of nine professional actors, it was developed to on-board contractors and staff for the Hornsea Two build-out. Andy Pearson, senior client project manager, spoke at The Waterline Summit. He said: “Three years ago we teamed up with Orsted to create Thrive, a safety partnership in an old warehouse in Immingham.

ABP appoints new divisional port manager for Wales and the South West

ABP appoints new divisional port manager for Wales and the South West

Associated British Ports (ABP) has appointed Ashley Curnow as its new divisional port manager for Wales and the South West. In his new role he has responsibility for ABP’s ports in South Wales - Newport, Barry, Port Talbot, Swansea and Cardiff- alongside Plymouth and Teignmouth. Previously serving as the head of Humber International Terminal and Immingham Renewable Fuels Terminal (IRFT) on the Humber, Mr Curnow brings a wealth of experience to his new role. He joined ABP as a graduate management trainee, progressing through various operational and management roles. Read More:Cross-border body commissions review into Severn Barrage project Read More : Why its time to look again at an international airport in Severnside Originally from Aberfan in South Wales, Mr Curnow said: “I am looking forward to working with the team in Wales and the South West to capitalise on the opportunities and ensure we continue to deliver a safe and efficient service for our customers across the seven ports in the division.” “Our ports in Wales and the south Wales are undergoing a busy and exciting period, with a number of significant transformational prospects, including the Celtic Freeport, floating offshore wind (FLOW) opportunities in Port Talbot and investment and upgrades in Plymouth to help secure the long-term future of the Ferry Terminal, which is home to Brittany Ferries. Julian Walker, regional director, ABP, said: “We are delighted that Ashley is now in position for this important leadership role. His experience and drive will contribute significantly to the continued success of ABP in Wales and the South West.

£400-to-£500m Newark A46 bypass upgrade would ease hold-ups and cut accidents, says Midlands Connect

£400-to-£500m Newark A46 bypass upgrade would ease hold-ups and cut accidents, says Midlands Connect

Politicians and business leaders are pressing the Government to back £400-£500 million plans to improve the Newark bypass which they say would ease hold-ups and cut accidents. Transport pressure group Midlands Connect has drawn up a report proposing upgrades to the A46 – including duelling 4 miles of single carriageway between the Farndon and Winthorpe Roundabouts, either side of the Notts town. The report suggests the busy bypass is not fit for purpose, suffering regular congestion and safety issues. It says that in the four years to 2021, there were 77 crashes with trouble spots at the main junctions, particularly the Cattle Market junction. Midlands Connect said upgrades could lead to a 30 per cent reduction in journey times. Midlands Connect chairman Sir John Peace said: “Newark is the missing piece of the puzzle for the A46 and Midlands Connect’s firm and strong recommendation is for the government to grasp the nettle and finish this vital upgrade of the Trans Midlands trade corridor. It will make a massive difference for Newark, Nottinghamshire but also the Midlands and the wider UK.” Nottinghamshire County Council cabinet member for economic development and asset management Councillor Keith Girling said as well as easing congestion, improvements would help boost the county’s infrastructure and economy. East Midlands Chamber chief executive Scott Knowles said: “Major road infrastructure is an essential part of economic growth as providing easy, fast and reliable connections across various parts of the country encourages trade between those cities, towns and villages. “Businesses are often encouraged to locate themselves where they can benefit from high-quality connectivity, which enhances operational efficiency and productivity. “This is already evidenced by some of the household names that are based in and around Newark, a town that has a key national strategic location. “Key road networks are also a magnet for housing developments that feed customers and workers into these firms.

Quarry House emerges as new headquarters to carry John Good Group into third century of operations

Quarry House emerges as new headquarters to carry John Good Group into third century of operations

Long-standing Hull business John Good Group is set to enter its third century settled into a new headquarters. The sixth generation business, founded in 1833, announced its intention to move two years ago, when it sold its logistics, forwarding and liner agency Good Logistics, and welcomed a new chief executive. Now, with the steel framework up, Quarry House on Hesslewood Office Park has been unveiled, close to the current Bridgehead Business Park base. Described as environmentally-conscious, sustainable materials are being used through to finishing touches, with the boardroom carpet to be made from recycled fishing nets. It will be home to John Good Group central services, Good Travel Management, and DAN Shipping, with space to accommodate further growth. A total of 70 employees will initially move in to the 10,000 sq ft build. Read more: Adam Walsh, chief executive, said: “The move to Quarry House is an exciting one for the John Good Group and its people. One of our major ambitions is to be a company that offers its people the best opportunity for personal and professional development, and to help achieve that, you need a great working environment. “We have a very capable and growing team at the John Good Group and they all deserve a first-in-class place to work. The new location will help us retain and attract talent and act as a hub for our businesses and customers. “When you add a superb new office, into the beautiful grounds at the Hesslewood Business Park, you’ve really got the perfect combination and it will be a place we will proudly call home. Moving day can’t come soon enough!” Early 2024 is being eyed for completion with the investment undisclosed. Hesslewood Office Park is a development owned by Brooklands Property Holdings, itself established in 1957. Debbie Barbor, chief executive, said: “We are delighted to see the John Good Group continue their journey at Hesslewood Office Park with the construction of their new head office. They are dedicated to sustainability, community engagement, and growth which resonates with our values at Brooklands. We are excited to support their transition and provide a space that encourages innovation and collaboration, allowing the John Good Group to flourish whilst enhancing their contributions to the local Hull community and beyond.”

Government urged to fund new Elizabeth line trains in bid to save 100s of Alstom jobs

Government urged to fund new Elizabeth line trains in bid to save 100s of Alstom jobs

The Government has been urged to fund new trains for the Elizabeth line between London and the South East in a move that could protect 100s of jobs in Derby. Train builder Alstom is consulting on potential redundancies at the UK’s largest rail assembly factory in Derby, which it is believed could affect 550 people directly with a further 780 contractors at risk. As concern rises over the potential losses, bosses from Transport for London (TfL), Alstom and trade union Unite have urged Transport Secretary Mark Harper to fund new trains for the Elizabeth line, which runs between Berkshire and Essex via central London. They stressed the importance of a quick decision before Alstom demobilises its production facilities for the Aventra trains used on the route. The letter warned that the Government’s decision for Old Oak Common – in the west London suburbs – to be the capital’s HS2 terminus for several years means more pressure will be put on Elizabeth line services at the station. The letter stated: “The additional trains will enable TfL to operate a higher frequency of services to Old Oak Common to relieve wait times at the station, reduce crowding on trains and provide shorter journey times for more customers using Old Oak Common station. “Relying on the existing services on the western route would undercut the benefits brought by introducing high speed rail travel between Birmingham and London; it would be detrimental to the local area, as it would fail to cater for the growing community around the station which has 26,000 homes and 56,000 new jobs in the pipeline; and the consequences would extend to the national economy.” TfL believes the Government should pay for at least five additional trains at a total cost of around £120 million, because its HS2 policy will cause extra strain at Old Oak Common. The letter added: “Given the small size of the order required, delaying it would require Alstom to mobilise a new production facility at a much higher cost. “If we miss the opportunity with Alstom, it may be impossible to achieve elsewhere and HS2 will not achieve the programme aspirations for Old Oak Common.”

Bournemouth Airport to invest more than £5 million in new facilities

Bournemouth Airport to invest more than £5 million in new facilities

Bournemouth Airport has announced that it expects to see more than one million passengers in 2024 as budget airline Ryanair confirms its 19th destination from the airport. To handle the extra passengers, the Dorset transport hub's owners Regional and City Airports said it is investing more than £5m into new facilities, equipment, staff and training. Like this story? Why not sign up to get the latest South West business news straight to your inbox. Ryanair will commence twice weekly flights to Agadir in Morocco from April 1. This follows on from the success of the airline's 2023 season, which saw it base a second aircraft at the airport for the summer, increasing the number of flights by 30% to 120 a week. In addition, tour operator TUI has confirmed it will also add a second aircraft at Bournemouth Airport in 2024 with an extra 60,000 seats available. This is a 33% increase on its 2023 schedule. TUI has 14 destinations from Bournemouth with increased frequency planned on many routes next year. This combined growth in destination and frequency means the airport, which employs more than 250, expects to exceed one million passengers in 2024. The last time it hit that milestone was in 2008. Steve Gill, managing director of Bournemouth Airport, said: “We’ve embarked on a major investment programme to cater for the anticipated growth in passenger numbers. Before the pandemic we saw 800,000 passengers. Having exceeded that this year, we are confident of seeing more than one million in 2024. “That’s a tremendous achievement and reflects the great range of destinations available from Bournemouth Airport and our commitment to providing the best possible experience for passengers. While our investment programme continues, we thank passengers for their patience and aim to complete the majority of work during the quieter winter months.”

New container shipping service connects Hull to Latvia and Finland

New container shipping service connects Hull to Latvia and Finland

A new weekly shipping service has been welcomed to Hull. Samskip has launched a weekly short sea container service linking the Humber port to Riga in Latvia and Helsinki in Finland. It is a response to demand for a reliable service from the Baltic region, and will also call at Rotterdam, in The Netherlands, before crossing the North Sea in the final leg. Orion, a 98m by 17m vessel, completed the maiden voyage on Tuesday, mooring at the heavily invested Hull Container Terminal, where she was welcomed by ABP’s regional director Simon Bird, alongside Samskip’s regional director, Richard Beales. Read more: Mr Bird said: “We’re delighted that Samskip has launched this new route. This is a great addition for the market. The new service will give existing and new customers the opportunity to connect directly with the UK as Hull is ideally located for the East - West corridor and access to the Midlands and the North. “This major new trade link between northern Europe Baltic area and East Yorkshire adds an option for shippers looking to reduce their cost and carbon emission, which sits in with our ‘Ready for Tomorrow’ vision.” More than £50 million has been invested into the Humber container terminals, including an automated gate entry system, new cranes, electric vehicles, and land expansion, which are preparing the ports for future growth without impacting productivity. Samskip is a long-standing Humber operator, with a strong history in seafood.

Falmouth Harbour receives £100k government funding

Falmouth Harbour receives £100k government funding

Falmouth Harbour has been awarded nearly £100,000 of government 'levelling up' funding to map out a plan for its future. The cash – from the Shared Prosperity Fund and granted through the Cornwall and Isles of Scilly Good Growth programme managed by Cornwall Council – will allow the Harbour to carry out an in-depth study looking at how it can best position itself as a place to live, work and visit over the next 15 years. The Harbour will use the money to explore current and future marine technologies, it said, as well as providing better water-front access and facilities for local communities and visitors. It will also look at possibilities for a new marina and berthing for small offshore vessels and superyachts, and space for major sailing events. Falmouth Harbour chief executive Miles Carden said: “We need to move forward in a strategic way and this blueprint will put us in a great place where we can capture opportunities for local residents of Falmouth and Cornwall more broadly.” The study will examine the current marine industry and infrastructure, and "key" future blue technologies. The Harbour is already working with Falmouth Marine School on future skills development, particularly around offshore technology, to support renewables and wind power. Cllr Louis Gardner, Cornwall Council portfolio holder for economy, said: “This funding will look at how the future of Falmouth Harbour can give our residents job opportunities, as well as contribute to the development of renewables and wind power which is so important on Cornwall’s journey to net zero. "It will also explore how we can not only economically benefit from a thriving and sustainable harbour, but also how we can enjoy this marvellous resource on our doorstep.” Mr Carden said the Harbour would be sharing some of its ideas throughout 2024, with the work set to be completed at the end of the year. “We want to give people better access to new jobs in offshore industries, the water in Falmouth and better facilities when they get there," he added. "Our study will map out how and where this can be achieved and how we make best use of our resources. “We know the health and wellbeing benefits of the ocean and we want to better connect the town to the sea - redefining and promoting Falmouth as a destination for visitors, opportunities for young people and offshore operators alike.”

Shipping insurer NorthStandard plots further Asia growth with South Korea office

Shipping insurer NorthStandard plots further Asia growth with South Korea office

Maritime insurance company NorthStandard has revealed plans to expand its operations in Asia with the opening of an office in South Korea. The Newcastle and London-based operator is preparing to open a base in the capital Seoul having launched an Asian headquarters in Singapore last spring. It will be led by claims director Shang Doe Shim, who previously worked for a Korean shipping company, and will be the firm's eighth office in the Asia Pacific region, where it has been targeting growth. NorthStandard, which is one of the world's largest maritime insurers, says it is a significant player in the Korean market, where it offers protection and indemnity (P&I) insurance, freight, demurrage and defence (FD&D) insurance and other specialist products for owned and chartered businesses. In the region the firm has offices Hong Kong, Tokyo, Shanghai, Singapore, Nelon, Melbourne and Brisbane. Read more: Plans for 4,000-job North East Investment Zone include River Tyne and Blyth Read more: Collapse of printing firm Communisis leaves deficit of more than £200m NorthStandard's head of Asia-Pacific David Roberts said setting up the Seoul base would strengthen the firm's office in the region. He said: "South Korea is one of the most significant individual country markets in Asia and is NorthStandard’s largest market in the region. We aim to bring additional service value to an important customer base." The Seoul office is intended to be base for recruitment of experts in Korea who are familiar with the country's shipping market. As well as its own business, NorthStandard has a joint venture arrangement with the Korea P&I club, established since 2016. The firm said Korea ranks second globally in shipbuilding, after China, and is the fourth-largest ship-owning nation, after China, Greece, and Japan. Historically, the firm's Korean business has been services from the UK and Singapore with support from Korean correspondent Ins-Ship Aide. James Moran, NorthStandard’s chief operating officer for Asia Pacific, said: "This will continue, but in light of the importance of Korea to NorthStandard, we see considerable potential to provide a more localised service offering to our expanding membership, with a particular focus on claims support." The international move is the latest for NorthStandard which was formed by the merger of The North of England Protecting and Indemnity Association Limited (North) and The Standard Club in early 2023. At the time of the two mutuals joining, bosses said it would open up opportunities in Asia and the US.

Exclusive: New Poundstretcher CEO Tristan Phillips on taking ex-Wilko stores and getting its shops spot-on

Exclusive: New Poundstretcher CEO Tristan Phillips on taking ex-Wilko stores and getting its shops spot-on

The new chief executive of Poundstretcher has shared with BusinessLive how excited he is about plans to grow the store estate, modernise the business and make the customer experience better than ever. Outlining the discount chain’s plans for the year ahead Tristan Phillips said it had come through its recent pre-pack administration in good shape – back in growth after offloading high rent, historic stores. Mr Phillips has taken the top job having joined Poundstretcher as its finance director back in the autumn of 2022. He said the past year at the head office just outside Leicester, had helped him build a good relationship with its owner Aziz Tayub and given him a solid understanding of what the business needs to take it forward. The 41-year-old dad-of-two came to Poundstretcher having held senior finance roles in Marks and Spencers – where he was head of commercial finance in the food division – O2 and Groupon. Prior to that he spent a decade with brewing giant SABMiller, working in Russia, Switzerland and Australia as well as the UK. Poundstretcher’s turnover went from £325 million to £273 million during the CVA – partly the result of fewer stores – with profits also down, but the arrangement helped the business keep trading and saw it retained by owner Aziz Tayub and his family. Today there are 316 stores and about 4,000 people on the payroll. The company’s 800,000 sq ft warehouse in west Leicestershire has potential to supply 600 shops. Mr Phillips said: “One of the reasons Aziz asked me to take on this role is that we’ve worked together for 12 months and we’ve formed an exceptionally positive personal relationship and working relationship. “I think that, based on what I’ve delivered as a CFO, he feels I would be a really good fit to work alongside him, to lead the business. “He’s worked exceptionally hard and grown an incredibly successful business, and we’re aligned on strategy, we know how we work together and I know the things that are important to him – the things that he doesn’t want to happen and the things he does. “I think that, versus someone coming in and thinking they’ve got to change everything tomorrow, I’ve had a good runway into what I need to do and had agreed all of that before I stepped into the CEO role. “Aziz feels it’s the right time for someone to step up and feels I’m the right person.” Mr Phillips said the chain’s immediate plans include opening a number of new stores, including taking on a number of former Wilko branches. It is the first time the new boss has spoken about the plans and its discussions with Wilko’s administrators. He said: “Between now and the end of our financial year in March we’ll be opening at least 20 new stores all over the country. “We’re a big believer in the high street and it’s a great opportunity for us to support their rejuvenation. If out of town opportunities present themselves we obviously look at them but we really believe in smaller, regional towns with busy high streets that are actually starting to thrive a bit more. We can play a really active role in the community in those towns, with about six or seven jobs per store. “Some of the stores that we are opening will be ex-Wilkos. We were involved throughout the process, spoke to the administrator and evaluated the whole portfolio – and the best approach for us was about selecting the stores that work. “Huge format stores don’t work for Poundstretcher – they are not right for us. But there’s a number of stores that we think are interesting and we’ve clearly got a proposition that a number of landlords are interested in.” He said there were plenty of potential Wilko stores that they could take on, and a reasonable number of the 20 would be ex-Wilko – including one that opened in Allenton, Derby on Monday. As well as store openings he wants to smarten up the store estate to make the shopping experience better, and improving stocks of FMCG (so-called Fast-Moving Consumer Goods) – those popular household and food items that sell quickly and relatively cheaply. Mr Phillips said: “The last 12 months have been a tale of two halves [for Poundstretcher] with significant promotional activity in the first half of the year. But the challenges of global supply chains led to a shortage of stock in stores and that meant we had a really challenging first six months from a profitability perspective. “But the second half of the year was exceptionally positive and we recovered. So our profits did drop but actually we were still very profitable. “We’re still being impacted by the CVA and will continue to close a few stores but are now on a positive progression and starting to grow the store estate. “At the end of last year we had 324 stores, which was less than the year before, and the number has continued to decline into this year, but now we are starting to grow again. “It’s a really positive story from the CVA perspective, and it enabled the business to restructure. It did have some negative consequences for us and certain suppliers and landlords, but ultimately everyone is better off on the back of it because the business is now profitable and in a position to return to growth. “We now really want to bring the business back to being a bit more commercial, work on optimising the stores and optimising our ranges. “The business now has the infrastructure and capability to operate a bigger store portfolio and we think we can do a great job for customers in many more locations. “We’ve got to modernise the business. A lot of it is about fixing fundamentals of things where we’re not as good as we could be. We want to help our staff be more effective at giving great value and great service to our customers – and obviously drive value into the business as well. “It’s about the right stock at the right price in the right place at the right time.

Ceva Logistics announces offer update amid battle for UK haulier Wincanton

Ceva Logistics announces offer update amid battle for UK haulier Wincanton

Global logistics company Ceva will not make a larger cash offer for Wiltshire haulier WIncanton after being trumped last week in a bidding war for the firm. Issuing an offer update to the stock market on Tuesday (March 5), Ceva Logistics told investors it felt its original offer represented a "very attractive opportunity" for employees, clients and shareholders. Ceva said it would not set aside the no price increase statement in the supplementary scheme announcement. It also said would not switch to a takeover offer and that the increased and final offer it made would "lapse in due course". "Ceva Logistics and CMA CGM are committed to serving their clients and growing their presence in the United Kingdom which remains a core market for the CMA CGM group," the company said. "As a global leader, CMA CGM will continue deploying its growth roadmap, leveraging its clear business strategy and very robust balance sheet, while always maintaining a clear focus on value creation with financial discipline in any acquisition." France-headquartered Ceva first made a £567m takeover offer for Chippenham-based Wincanton in January. But the British haulier confirmed on Friday it had received a larger cash offer from US logistics firm GXO. Wincanton struck a £762m deal with the American business and withdrew its backing for the earlier offer.

Port of Blyth posts record results for third consecutive year

Port of Blyth posts record results for third consecutive year

Growth in work within the global offshore sector has triggered record results at the Port of Blyth for a third consecutive year. The port has held its Annual Public Meeting to shine a light on rising revenues and record profitability, with turnover rising from £30.4m to £31.5m. Operating profit rose from £3.7m to £3.9m, while pre-tax profit increased from £3.3m to £3.6m. It said its core port operating business proved to be the main contributor to the results in 2023, with the annual figures strengthened by success in its logistics, forwarding, export packing subsidiary and in-house training services. Unveiling its annual report to stakeholders, the port – which now has 52 businesses based on site connected to the clean energy sector – said it continued to excel as an offshore energy support base, mobilising two of the world’s largest offshore windfarms and providing significant vessel and onshore handling activity. Other offshore energy activities included the handling of specialist subsea equipment, heavy project lifts and significant support for the decommissioning sector. Work included the decommissioning of the largest oil and gas topsides and jackets handled to date at the Battleship Wharf facility. The port said its forwarding and logistics subsidiary Transped, which provides a door-to-door worldwide service to a growing customer base, continued to play a key role at the port and maintained the twice-weekly container service between Blyth and the Port of Moerdijk, in the Netherlands, although it had a more challenging year, resulting in a turnover drop from £12.2m to £10.9m. Meanwhile, Port Training Services (PTS) noted a successful year, offering training in heavy industry, offshore renewables, and the port sector. It expanded its programme nationwide, training 78 apprentices in 2023 to support the future workforce of the port industry. The report also highlight how the record numbers during 2023 meant a number of key investments to go ahead, with an increased capital expenditure of £5.9m committed to large-scale projects across the port estate. Major developments during the year included the installation of static cable tanks at Battleship Wharf, the building of an offshore construction base for a key customer, and upgrading of the Battleship Wharf facility. The group said it also made considerable progress in delivering more sustainable port operations, which led to an overall reduction of 26.4% in carbon emissions generated from port activities. Martin Lawlor, chief executive of Port of Blyth, said: “I am delighted to announce yet another record year, re-enforcing the port’s status as one of the UK’s leading offshore energy bases. The hard work and commitment of our team has been instrumental in achieving this success, and I am proud to see the port thriving and growing year on year.”

Contract secured for Bristol Airport public transport hub

Contract secured for Bristol Airport public transport hub

Griffiths Farrans JV has been awarded a contract to deliver a public transport hub as part of Bristol Airport’s largest capital project ever. The contractor will use the £60m investment to create a public transport interchange hub and multi-storey car park, which will enhance services and accessibility for customers arriving and leaving the South West transport hub. Enabling works started in May to divert services and work has now begun to construct a new access ramp to the existing remaining car parks. The project forms part of Bristol Airport’s overall multi-million-pound transformational development plan enabling 12 million passengers a year to use the airport. Like this story? Why not sign up to get the latest South West business news straight to your inbox. Griffiths Farrans JV will build an enlarged public transport interchange hub, improved internal road system and an additional multi-storey car park providing customer enhancements such as waiting rooms and rest facilities. The public transport interchange hub will provide access for coaches, buses and other forms of public transport on the top level of the multi-storey car park. The public transport interchange hub will more than double the number of bus/coach bays to 16 bays, while the top level of the car park will provide a dedicated drop off and pick up location close to the terminal. Dave Lees, chief executive, Bristol Airport, said: “This project is transformational for our customers. It is the largest single capital investment project since the terminal opened in 2000 and will take 18 months to complete. As with all large-scale projects, they are complex and the development work will need to be phased to accommodate the normal day to day Airport operations. "During the project, customers will see several temporary changes taking place, including temporary relocation of some car parks and changes to internal roads layouts. We will continue to keep customers informed of the changes via directional signage, customer messaging on car park bookings, the website and on social media.” Simon Dunn, pre-construction director, Griffiths Farrans JV, added: “Griffiths and Farrans have worked in partnership with Bristol Airport and fellow CRH business Tarmac to deliver the optimum solution for the Airport, with a keen focus on sustainability. Over 100,000 tonnes of excavated material will be processed into suitable material for use in the project. All asphalt materials removed from the existing car park will also be processed for re-use within the asphalt material that will be provided for the perimeter roads. “This project is a great example of what can be achieved when both client and contractor work in an open and collaborative way, something that has been instilled in the project team from day one.”

Bus company trentbarton rewards engineers with pay rise

Bus company trentbarton rewards engineers with pay rise

Bus company trentbarton said it has given its engineers a big pay rise to reward its technicians and apprentices, encourage them to stay with the business and attract new recruits who may not have previously worked on buses. Every member of the qualified engineering team at trentbarton’s East Midlands depots has received at least a 20 per cent pay rise – with some getting more than 25 per cent. Management said the pay rise was accepted in a vote by the engineers. The management also said that after discussing its apprenticeships pay rate with the Unite union, its apprentices are now being paid seven per cent above the standard national rate. Group engineering director John Bickerton said: “We made a strong offer to recognise the vital role our skilled engineering staff play in keeping our buses on the road, serving our customers. “We are pleased our colleagues readily accepted our offer and look forward to working together to drive the quality and productivity of our teams in the workshops. “Our mutual goal is to improve the reliability and presentation of our fleet so we run the maximum number of services each day.” The bus company currently has opportunities for at least 10 mechanical, electrical and body technicians to join the team, ideally with bus and coach experience plus an eye for detail and a customer focus in everything that they do.

Shipbuilder A&P Group to close North East yard impacting jobs

Shipbuilder A&P Group to close North East yard impacting jobs

Shipbuilding and repair firm A&P has confirmed it is closing its Teesside yard with ramifications for workers. The £100m turnover business, which specialises in repair and conversion including of Royal Navy vessels, says it is consolidating its North East operations into its South Tyneside yard. It means the five acre Teesport site is closing with all staff being offered roles at its Hebburn operation, more than 40 miles north. Neither A&P nor Teesport owner PD Ports has said what has prompted the move, though A&P has recently said it was focussing its efforts on its Tyneside and Falmouth sites as it looks forward to a strong pipeline of military work. It also has a sister business in Australia. It is not yet known how many staff are affected by the move. Read more: North East battery maker plots significant job creation amid growth plan Read more: Pearson Engineering secures MoD deal to provide equipment to defeat explosives in Ukraine A&P's Tees facility - the former Smiths Dock site - includes two dry docks and 240m of jetty frontage, along with workshop space, cranes up to 40 tonnes and secure tank washing facilities. The firm says the base is particularly well suited to building offshore modules, subsea structures, and new ship sections. Shipbuilding has taken place at the docks on the South Bank of the Tees since the early 1900s. Between its opening and closure in 1987 the yards produced hundreds of vessels including warships, bulk carriers and trawlers. A&P took over the location in 2003 following the collapse of Cammell Laird. Accounts filed for A&P Group to the end of March 2023 point to occupancy levels at the Tees yard being steady with its core customer said to be loyal. In 2022 the firm said it had seen a drop off in occupancy, notably across its smaller dock. However, a business review attached to the latest accounts indicates A&P is focussed on its Tyneside and Falmouth sites which it said it was determined to take advantage of as part of the supply chain and support services for the National Shipbuilding Strategy. The repair and conversion specialist reported a 6% boost in turnover to £100.2m in the year to the end of March 2023 as it warned that expectations about this year's performance were lower thanks to the near completion of one part of a 10-year Royal Fleet Auxiliary contract for the MoD on the south coast. At the South Tyneside yard, which features the largest commercial dry-dock on the east coast of England, the firm is working on parts for the Royal Navy's forthcoming Type 26 anti-submarine frigates. A&P said it was "pushing hard" to drive more work through the Hebburn site, which is home to the group's largest build contract - support work on the Dreadnought Class submarines for BAE Systems.

US drone delivery firm Zipline to launch Northumberland base and create new jobs

US drone delivery firm Zipline to launch Northumberland base and create new jobs

US drone delivery company Zipline is to open a base in Northumberland as part of an NHS programme which sees its autonomous aircraft deliver crucial medical supplies to hospitals, GPs and care homes. UK-based healthcare logistics company Apian has partnered with Zipline, the California company that designs, manufactures, and operates delivery drones, in the new project, which will create a number of North East jobs. The programme with the health service is set to be expanded through a roll-out to Northumbria Healthcare NHS Foundation Trust by the autumn of 2024. It will see the creation of a new Zipline hub for its operations near the Northumbria Specialist Emergency Care Hospital in Cramlington, Northumberland. Zipline is used by companies such as Cleveland Clinic, Pfizer, and Walmart, to ensure that facilities are stocked with necessary medical devices and prescriptions. The firm’s fleet of fixed-wing, fully autonomous aircraft – called Zips – harnesses tech including AI to fly quietly and autonomously, and they can travel up to 130 miles round-trip in almost any weather conditions, and release packages with parachutes that float down to a hospital’s outdoor area. All Zips are supervised by trained aviation personnel who can track a Zip’s flight and intervene if necessary. The company will centralise the inventory of frequently-ordered products such as prescription medicines, wound care products and joint replacement implants, and will deliver them to Hexham General Hospital, Wansbeck General Hospital, Haltwhistle War Memorial Hospital and regional health facilities within minutes of getting the order. The programme will see Apian, Zipline and the NHS serve more than 30 GP, care and health facilities across the region, and Sir James Mackey, CEO of Northumbria Healthcare NHS Foundation Trust, said it will reduce the health system’s reliance on expensive last-minute logistics to move products between facilities when needed. Keller Rinaudo Cliffton, CEO and co-founder of Zipline, said: “Today, 3,000-pound gas vehicles driven by humans are used to deliver three-pound packages billions of times per year. It’s expensive, slow and bad for the environment. This decision means that the NHS can start to transition delivery to solutions that are 10 times as fast, less expensive, and zero emission. This service will be delivered at a fraction of the cost of the existing solution, and will help drive financial savings to the NHS in the longer term.” Sir James said: “This expansion with Zipline and Apian is an exciting next step as we strive to improve services for the hundreds of thousands of patients we serve. We believe this innovative technology could be used to improve healthcare outcomes, save money and eliminate supply chain complexities, and we’re keen to get started. Apian was co-founded by a team of former NHS doctors and has built a platform which integrates healthcare and aviation, creating an automated on-demand delivery system that allows the NHS to easily place orders, and Zipline to fulfil them. Dr Christopher Law, medical director and co-founder of Apian, said: “I’ve seen first-hand the impact that running out of supplies can have on patient health outcomes. Healthcare should benefit from on-demand delivery, much like consumers now do in their personal lives.

PD Ports in talks with potential Tees shipyard tenants as A&P Group prepares to quit site

PD Ports in talks with potential Tees shipyard tenants as A&P Group prepares to quit site

The owner of an historic shipyard on the Tees has stressed that site is not lost to the river, following the announcement that its current tenant is set to leave. PD Ports says it is working with interested parties to find a new occupier for the former Smith Dock yard which sits on the Teesport Commerce Park site. It follows confirmation that shipping repair and conversion specialist A&P Group is pulling out of the space and focusing work at its Tyneside base. Workers at the £100m turnover business have been issued with HR1 advanced notice of potential redundancy forms and offered jobs at the firm's Hebburn site, on the south bank of the Tyne. PD Ports said A&P did not want to renew its lease for the Tees site, which it has occupied for more than 20 years. Read more: Tekmar Group toasts offshore wind contract wins worth £6m Read more: SMD secures first order for electric subsea robots that herald 'big future' Shipbuilding has taken place at the South Bank docks since the early 1900s. Between its opening and closure in 1987 the yards turned out hundreds of vessels including warships, bulk carriers and trawlers. A&P acquired the lease in the wake of the collapse of Cammell Laird in the early 2000s. The five acre site features two dry docks and 240m of jetty frontage, along with workshop space, cranes up to 40 tonnes and secure tank washing facilities. A&P positioned the yard as a specialist location for offshore vessels, dredgers and tankers and used it to convert a replica of Captain Cook's HM Bark Endeavour ship into a visitor attraction. A&P said it had notified customers of its decision to pull out of the yard. Most recent accounts filed for the group, to the end of March 2023, give some indication as to the reasons behind the move. The firm saw a drop off in occupancy at the Tees site in 2022, with levels remaining steady into 2023. A review attached to the latest accounts talks about a focus on its Tyneside and Falmouth sites. The firm said it was determined to take advantage of the North East and South West locations and hoped to make them key parts of the supply chain for the Government's renewed National Shipbuilding Strategy.

Somerset storage and distribution business bought by European firm

Somerset storage and distribution business bought by European firm

A Somerset warehousing and distribution business has been acquired by a European cold storage firm. J R Harding & Sons has been bought by Dutch company CubeCold Europe for an undisclosed sum. Founded in 1963, J R Harding & Sons operates a 17,000 pallet, temperature-controlled warehouse on the Marston Trading Estate in Frome. The company has a fleet of 11 transport units and runs a truck maintenance business on its 4.3 acre property. Like this story? Why not sign up to get the latest South West business news straight to your inbox. Rotterdam-based CubeCold acquires and develops small to medium-sized cold storage facilities, and has a portfolio of around 270,000 pallets across its Europe-wide assets. The deal marks an expansion of CubeCold’s operations, with the firm recently acquiring Reading-based Pulleyn Transport. CubeCold said its purchase of J R Harding & Son would provide an opportunity to develop a new cold store facility “in the near future”. CubeCold Europe’s chief executive Gerben Paauwe said: “This acquisition is an excellent strategic fit that strengthens our position in the UK. J R Harding & Sons’ reputation and customer relationships complement our own and together we can provide even greater value to customers through an integrated network.” The Midlands-based corporate finance team of national audit, tax, advisory and risk firm Crowe UK advised CubeCold on the deal. Andy Kay, partner and head of corporate finance in the Midlands and South West, said: “This cross-border deal follows hot-on-the-heels of a number of other international transactions in which we have played a leading role, most notably the recent multi-million pound sale of a UK / Middle Eastern-based specialist manufacturer to a North American buyer, giving the buyer a major foothold in territories in which it did not have a presence. “We are anticipating continued overseas interest in UK-based businesses who are looking at their exit plans, particularly in those businesses that are well-run, have a particular niche and are generally resilient.”

Logistics giant Wincanton agrees takeover terms in deal worth £567m

Logistics giant Wincanton agrees takeover terms in deal worth £567m

Wiltshire-headquartered logistics giant Wincanton has agreed to be taken over by a French-based company in a deal worth around £567m. The London-listed business announced on Friday (January 19) it had agreed to the terms of the acquisition, which saw it valued at £764.9m. Wincanton, which is based in Chippenham, is being acquired by Bidco - a newly established company formed by a subsidiary of Ceva Logistics for the purposes of the acquisition. Bidco's offer at the acquisition price of 450 pence per share followed the Wincanton board having received and rejected several "unsolicited proposals" from CMA CGM over a period of a few weeks. Ceva is part of the CMA CGM Group, with CMA CGM being a global player in sea, land, air and logistics solutions, serving more than 420 ports around the world across five continents, with a fleet of around 620 vessels. Wincanton's board of directors said on Friday it now believes the acquisition price is "at a level" it can recommend to shareholders. It also said the deal represented a "valuable opportunity" which would provide a "positive outcome" for all its stakeholders, including employees, pension-right holders and customers, as well as Wincanton shareholders. James Wroath, chief executive officer of Wincanton, said: "This offer will enable Wincanton to continue and accelerate the progress that has been made, providing an excellent partner with the balance sheet strength that will allow the pursuit of both existing and new growth opportunities. CMA CGM's strong track record of investing in its people and its commitment to its customers means that we are confident this offer will deliver benefits for all of our stakeholders." Rodolphe Saadé, chairman of CMA CGM, added: "Wincanton's renowned expertise in designing supply chain solutions for customers in the retail, grocery, eCommerce, construction, infrastructure, energy and defence sectors would enable CEVA to further diversify its contract logistics customer base. "Bringing together the two entities would strengthen the CMA CGM Group's footprint in the United Kingdom and Ireland, while also paving the way for new opportunities and more innovative product offerings. On behalf of our 155,000 staff members, I look forward to welcoming Wincanton's talented people within our group."

Council leaders defend decision to sell Gloucestershire Airport

Council leaders defend decision to sell Gloucestershire Airport

Gloucestershire Airport is seeking a new owner and investor. The airport is run by Gloucestershire Airport Ltd which was established in 1993 and of which both Gloucester City Council and Cheltenham Borough Council have a 50% shareholding in it. However, leaders and councillors in the area have said they were unaware of the decision to market the 300-acre site in Staverton. Like this story? Why not sign up to get the latest South West business news straight to your inbox. Three years ago the airport the airport received a £15m investment from both council to refurbish its runway. Questions about the sale of the airport were raised at a Gloucester City Council meeting this week. City Councillor Jeremy Hilton (LD, Kingsholm and Wotton) told councillors at a overview and scrutiny committee meeting on November 27 that he was informed by a Cheltenham council leader that they are looking to sell the site. He said: “I would hope there would be full discussion within this council of the options if there is any suggestion that Gloucestershire Airport is put up for sale.” In a letter cllr Hilton added: "The Liberal Democrat group has been put in a very difficult position in that we don’t have the necessary information to make an evidence-based judgement on whether we should support or oppose the planned sale of the airport. The airport is a key asset for the county and provides many aviation based jobs that must not be put at risk by a decision to dispose of it too quickly before the local elections in 2024. “It seems that you failed to abide by the seven principles of public life, requiring council members to show selflessness, integrity, objectivity, accountability, openness, honesty and leadership. You seem to have failed miserably on openness in particular. “I therefore request this sale be put on hold until all members of council have received all the information necessary to make a value-based judgement.” Cheltenham Borough Council leader Rowena Hay said: “The future of the airport and the contribution both the airport and the businesses located there make to the regional economy is well recognised. “The timing is now right for both councils to bring in a new owner to take it forward.”

Vast logistics scheme in Gloucestershire set to create 1,200 jobs

Vast logistics scheme in Gloucestershire set to create 1,200 jobs

A vast logistics park in Gloucestershire that is expected to create around 1,200 jobs has been given the green light. Stroud District Council has granted consent for Tritax Symmetry's 67-acre scheme at Junction 12 of the M5. Symmetry Park Gloucester is expected to bring £62m into the regional economy each year. Logistics firm Tritax was given the go ahead for the 1.1 million sq ft development including detailed consent for two buildings of 163,500 sq ft and 241,000 sq ft, and outline permission for a further 700,000 sq ft of build-to-suit opportunities. Jonathan Dawes, head of planning at Tritax Symmetry, said: "We are pleased that Stroud District Council has approved this application. This decision undoubtedly paves the way for further growth and investment in the wider Gloucester area." Joseph Skinner, development director at Tritax Symmetry, added: "The site occupies a prominent position on the strategic motorway route (M5, J12) linking the Midlands to the south-west. The detailed consent for two buildings of 163,500 sq ft and 241,000 sq ft enables us to deliver new logistics facilities quickly and give much-needed supply for high-quality units over 100,000 sq ft." The project team includes Trinity Project Management, AJA Architects, Feasibility QS, Dunwoody M&E, Burrows Graham C&S, EDP Ecology & Landscaping & WSP Transport.

Jet2 confirms job losses to be made following review of operations in Spain

Jet2 confirms job losses to be made following review of operations in Spain

Holiday airline and operator Jet2 has confirmed jobs are set to go following a review of its operations in Spain. The Leeds based business – which is the operator of Jet2.com and Jet2Holidays – flies to and from 13 Spanish destinations, including mainland airports Barcelona, Malaga and Alicante, and to islands including Majorca, Menorca, Ibiza and Tenerife. However the company, which is believed to have around 1,000 staff in the European country, is now poised to carry out a significant restructure of its operations in Spain. It is understood the review could affect up to 35% of its staff in Spain. A consultation is now under way with staff within a number of affected divisions. A spokesperson confirmed: “We have recently reviewed our operations in Spain. As a result, we must sadly propose a number of colleague redundancies across Resort Flight Check-in, Flight Deck and Cabin Crew roles. “We deeply regret these proposed redundancies, and we will be consulting with appropriate representatives of the affected colleagues to ensure that all options are fully considered.”

Airports granted injunction against potential protesters amid disruption fears

Airports granted injunction against potential protesters amid disruption fears

Three airports have secured a High Court injunction against would-be protesters on their sites. On Friday, lawyers for Stansted, Manchester and East Midlands airports appeared before a judge in London to ask for an order preventing demonstrations on their sites or departing flights. Timothy Morshead KC, for the airports, said activist group Just Stop Oil “has explicitly threatened a campaign of protest at the UK’s airports” and that there is an “imminent” risk of blockades, obstructions and disruption. He continued in written submissions: “Protest at the airports, or on a flight departing therefrom, has obvious potential for detrimental effects.” The bid for an injunction comes weeks after two Just Stop Oil activists were arrested on suspicion of criminal damage after appearing to spray orange paint over private jets at Stansted Airport – with one jet parked in the airfield thought to belong to singer Taylor Swift. In a post on X on June 20, Just Stop Oil said: “Jennifer and Cole cut the fence into the private airfield at Stansted where @taylorswift13’s jet is parked, demanding an emergency treaty to end fossil fuels by 2030.” On Friday, Judge Rosalind Coe KC granted the injunction against “persons unknown whose purpose is or includes protest on the premises” in relation to the three airports. She said while there are bylaws and criminal laws which may apply to such demonstrations, “they do not prevent the threat or the action that an injunction would”. Judge Coe said the injunction will be reviewed after 12 months.

UK Docks marks final handover of £250m Royal Navy contract

UK Docks marks final handover of £250m Royal Navy contract

North East marine services firm UK Docks has officially taken over global support of a number of Royal Navy vessels as part of a £250m contract. The family business, launched by Harry Wilson in a small boat repair yard in South Shields on the River Tyne in 1992, offers a range of services including dry docks, repair berths and specialist boat repair, at facilities on Tyneside, Teesside, Mashfords, Gosport and Victoria Quay. UK Docks’ contract, worth £250m over the next eight years, will see it provide in-service support to HM Ships Tamar, Spey, Medway, Trent and Forth, adding to support it already offers to the navy, including its ice patrol ship, HMS Protector. Now, with the river class vessels deployed continually overseas, UK Docks will link up with the commercial ship repair market and liaise with regional partners and allies in the South Atlantic, North Atlantic, Mediterranean and Indo-Asia Pacific regions, to make sure they can constantly carry out international duties. UK Docks managing director Jonathan Wilson, said: “This signing marks a big moment for our company. The contract was awarded last May by the Ministry of Defence (MoD) in the wake of us successfully maintaining HMS Protector, along with HMS Enterprise and HMS Echo, which have now been decommissioned. “The new contract needed us to work at a global level servicing the vessels in distant bases, so a transition period was included in which UK Docks needed to show it could carry out the work required across the world. The signing of this updated contract means we have shown the MoD we can match the highest standards required for what is an essential job of work - keeping these ships and their crews operating continually, no matter where in the world they are. “We take enormous pride in being a family firm and a big part of UK Docks’ success has been that we have that team spirit and close commitment across the entire company. We see the awarding of this contract as a resounding vote of confidence in homegrown British industry, skills and capability and we look forward to putting those resources at the service of these five important vessels.” The new signing was made in the Grand Cabin of Horatio Nelson’s flagship, HMS Victory in Portsmouth, with Mr Wilson, his co-directors, Stephen Lee and brothers Gary and Chris and UK Docks founder, their father Harry Wilson. The contract, which runs until 2031, will create or safeguard over 100 jobs involved in delivering remote support, technical, logistical and design agent services and management. Work will also be provided for more than 250 companies in their supply chain. Rear Admiral Steven McCarthy, DE&S Director Ships’ Operations, said: “The River Class offshore patrol vessels have a demanding operating cycle and are persistently forward deployed around the world. From protecting British interests in missions that range from counter-narcotics and maritime security operations to humanitarian aid and disaster relief, for small ships they make a huge impact. This contract makes the vessels available for use by the Royal Navy for 90% of the year. It drives real value for money by accessing the commercial maritime ship repair market to deliver the maintenance the ships need to keep them seaworthy.”

Harland & Wolff preferred bidder for Falkland Islands port project

Harland & Wolff preferred bidder for Falkland Islands port project

Harland & Wolff Group has been named the preferred bidder for a project to develop a new port facility in the Falkland Islands. The British shipbuilding company, whose sites include Appledore shipyard in North Devon and Queen's Island in Belfast, confirmed on Tuesday (March 5) it had been awarded the status by the Falkland Islands Government. The Falkland Islands Port Replacement Project involves the build, transport and installation of four floating pontoons of approximately 90 metres each in the Falkland Islands. Harland & Wolff said the project could generate total revenues of between £100m and £120m over a two-year period, with works expected to start this year. If the company is awarded the contract, it has said it intends to spread the work across its multiple facilities in order to "de-risk the fabrication" of the pontoons. John Wood, chief executive of Harland & Wolff Group, said: "Following a competitive bid process, I am delighted that the Falkland Islands Government has selected Harland & Wolff as preferred bidder for this project. "The company enjoys an excellent relationship and a rich heritage with the Falkland Islands given that Harland and Wolff built the six linked barges which make up the existing port facility 45 years ago. I look forward to working closely with the Falkland Islands Government and bringing this contract to fruition." Harland and Wolff said it would make a further announcement on formal execution of the contract.

Port of Tyne aims at "generational job opportunities" after strong results

Port of Tyne aims at "generational job opportunities" after strong results

The Port of Tyne has said it is well placed to deliver “generational job opportunities” after a year in which it delivered increases in turnover, profits and investment. The port - which has sites on both sides of the Tyne - has released its annual report, with results showing a 15% rise in turnover to £55.3m. That led to last year’s loss being turned into a profit after tax of £3.1m and also helped the port to invest £20m into its facilities, with a particular focus on readying the area for opportunities in green industries. The financial year saw the port renew contracts with some of its largest customers, as well as welcoming wind farm operator Van Oord to its site. It also highlighted how a £100m refinancing deal from the Government’s Infrastructure Bank, Pricoa Private Capital and Lloyds Bank had been a “game changer” for the port in allowing it to invest for future job creation activities. In terms of its impact in the region, the port said its activities were worth more than £720m to the North East economy and were supporting around 11,400 jobs. Speaking at the port’s annual review, chief executive Matt Beeton said: “We have a new mayor representing the region and, for me, that’s a huge opportunity. For the first time in over a decade it feels like the region is really speaking with one voice and that’s important because there’s loads of opportunities that come with that. “And if you match those opportunities with what we’re seeing at the port, in industries like green energy, advanced manufacturing and innovation, it really feels like the stars are really aligning for us to grab some of those generational job opportunities. “The North East has all the constituent parts to make that work, it’s a unique opportunity, but for us to be able to grab those opportunities, we need to act differently. We need to be able to look forward and we need to be able to invest for the future. That’s why our results last year and what we’re doing this year is so important, because it allows us to invest.” A breakdown of revenues revealed that the Port made £19.8m from conventional and bulk cargoes, plus £14.5m from its logistics operations. A record summer of cruise traffic brought in nearly £6m and there was a significant rise in income from its car terminals, increasing to £7.2m. The port’s headcount stayed broadly unchanged at 329. The port’s chief financial officer Mark Stoner said that issues in the Red Sea had proved disruptive but that the first half of 2024 had been “really busy”. That had allowed the port to continue investing in its facilities, including bringing land at Howdon Quay back into the use for the first in more than 10 years and extending the Tyne Dock Enterprise Park.

Humber Freeport sets up headquarters in Grimsby Dock Office

Humber Freeport sets up headquarters in Grimsby Dock Office

The Humber Freeport Company has signed a deal to have its headquarters within the Grimsby Dock Office. The Grade II-listed building owned by Associated British Ports (ABP) is part of the freeport estate that includes SBP’s major ports of Grimsby, Hull, Goole and Immingham. Greg Lacey, head of property for ABP in the Humber said: “The Humber Freeport is a fantastic opportunity for the UK to attract new inward investment from both international and domestic businesses. We have several complementary development sites across the North and South Bank, all of which have their own USPs and the ability to attract transformational projects to the region. What is also exciting, is the opportunity for the development sites to play a vital part in the Humber’s transformation to green energy and decarbonisation. Read more:Siemens Mobility makes pitch for battery-powered trains Go here for more Yorkshire business news “We welcome Simon and the Humber Freeport Company team to Grimsby, which is the customs zone of the Freeport, and located close to the offices of North East Lincolnshire Council, which is the accountable body for Humber Freeport.” Simon Green, CEO of Humber Freeport said: “This is another significant landmark for Humber Freeport, giving us a base in the heart of the region from which to drive further investment. Large-scale developments with a total value of more than £1bn have already been announced for freeport sites in the Humber, demonstrating how attractive our proposition is for inward investors. “That investment in turn creates skilled jobs for local people, broadening our region’s supply chain while driving innovation and economic growth.”

Record revenues for the Port of Milford Haven

Record revenues for the Port of Milford Haven

The Port of Milford Haven’s diversification strategy has helped it regenerate record revenues despite a slight dip in shipping and cargo levels. The port, which along with the port of Port Talbot has been assigned freeport status, posted revenues of £41,3m for 2023, up nearly 5% on the previous year. In its 65th year of trading the port also increased profits to £4.1m. While shipping numbers were down (to 1,909) and cargo (to 34.7m tonnes), the port’s marine division remained busy - shepherding 58.7 million gross tons of shipping in some of the world’s most challenging sea conditions. Read More: New £40m funding line for the Port of Milford Haven Read More: £1m boost for offshore windfarm platform project Healthy trading for the port’s cargo handling, property, and hospitality and tourism divisions also highlighted the success of its long-term growth and diversification strategies. Its waterfront 100 bedroom hotel, the Ty Milford, performed strongly in its first full year of trading. Its solar energy income was up £600,000 to £1.7m with leisure revenues up £1.5m to £4,4m. It employs just over 250. The port has net assets of £79.2m. It growth and investment plans focus on expanding its pilotage capability, developing infrastructure to become a leading renewable energy hub, and furthering its hospitality offering. The port’s investment in a new pilot boat during the year is a key step in supporting its pilotage growth ambition. Its renewables growth strategy also took a significant step forward during the year with the completion of new infrastructure; the enlarged slipway and new laydown areas, office facilities and workboat pontoon. The investment was supported by the £60m Pembroke Dock Marine project - one of the schemes backed by the Swansea Bay City Deal. Notwithstanding a successful overall year of trading, the fishing and ferry related elements of the business continue to struggle with declining performance as a result of reduced demand. The port’s chief executive Tom Sawyer said:“2023 has been a stand-out year for us, with record turnover and increased profitability. In keeping with our trust port status, we’ll be reinvesting our profits back into the business. This will translate into jobs and opportunities for our communities long into the future. We also completed major infrastructure projects, but that’s just the start of our plans. As part of a key energy and shipping hub, we’ll keep investing to ensure we continue to meet industrial demand. “And our decision to diversify into hospitality and tourism has gone from strength to strength, enhancing our financial stability but also adding to the types of opportunities our community can enjoy.”

Humber ports operator prepares for grain imports to plug UK shortfall

Humber ports operator prepares for grain imports to plug UK shortfall

Preparations are under way across Humber ports ahead of the arrival of grain imports to plug gaps left by wet weather's impact on the UK harvest. Hull and Immingham operator Associated British Ports (ABP) says it is working with several major agri bulk players that handle agricultural commodities in readiness for overseas shipments coming to the river. The company says it has forged long term relationships with the likes of Frontier, Viterra, and Cefetra and will put to use well invested facilities which boast storage and handling capabilities thanks to spending in recent years. The two ports are said to have seen as much as £30m invested in recent years, with Immingham having standard storage assets converted into specialist grain import and export facilities, and a 38,000-tonne shed for storing grain and soya built at Humber International Terminal. Two large break bulk sheds have also been converted to enable import handling in both Hull and Immingham. Read more: Hull 'reg-tech' firm Rubicon Bridge lays out expansion ambitions Go here for more Yorkshire & Humber news The Humber's role in the country's food supply chain comes as a report publish by the Energy and Climate Intelligence Unit earlier this year pointed to a potential reduction of four million tonnes in the UK's harvest of wheat, barley, oats, and oilseed rape, compared to 2023. That is owing to the winter being one of the wettest on record. Simon Bird, the outgoing regional director of the Humber Ports, who is stepping down in the autumn, said: “The investments over the years have been future proofing the Humber ports and giving our customers the confidence that we can give them what they need in terms of capacity, reliability and efficiency. "It’s been a particular source of pride to me over my time as regional director for ABP’s Humber ports that we’ve invested tens of millions of pounds to grow the ability of the ports to play their part in such a fundamentally important role for the UK. Our ports are the gateways to feeding the nation and making sure the economy keeps moving and growing – Keeping Britain Trading in such an important way.”

Stena Line signs major deal with Peel Ports to operate at Heysham Port for another 77 years

Stena Line signs major deal with Peel Ports to operate at Heysham Port for another 77 years

Stena Line has announced its second major Irish Sea freight deal within days with an agreement to continue operating from Heysham for another 77 years. The ferry and port operator has signed a deal with Peel Ports Group to operate from Heysham Port until 2100. Swedish group Stena Line runs a twice-daily freight service between Belfast and Heysham, a crucial trade corridor between Northern Ireland and the rest of the UK. Just last week Stena Line announced a new freight service between Dublin and Peel Ports’ 12 Quays Terminal in Birkenhead. That followed Stena’s agreement with Peel earlier this year for the 12 Quays terminal to continue operating until the end of the century. Stena also announced this year that it was investing in the Belfast-Heysham route with two new-build state-of-the-art ‘NewMax’ ferries, boosting freight capacity by 80%. The first vessel will operate from 2025. Peel Ports, working with Stena Line, now plans to invest in new terminal management systems at the port including a ‘smart gate’ automatic check-in system, and also plans to increase trailer parking capacity. The two firms will also work together to provide extra electrical capacity onshore “to facilitate the future goal of powering the new ships by green shore power”. Stena Line operates up to 238 weekly sailings on the Irish Sea. They include combined passenger and freight services from Belfast to Cairnryan and Liverpool, Dublin to Holyhead, Rosslare to Fishguard, and Rosslare to Cherbourg. There is also the dedicated freight-only route from Belfast to Heysham and the new Dublin-Birkenhead route. Niclas Martensson, CEO of Stena Line, said: “Our business on our Belfast-Heysham route has thrived in recent years and is a vital connection for freight transport across the Irish Sea. With the upcoming introduction of our NewMax hybrid ships, this route represents a unique opportunity for Stena Line to offer our freight customers more sustainable transport between Northern Ireland and the rest of the UK and will be a key milestone in our sustainability journey.” Carl-Johan Hellner, chief operating officer ports & terminals at Stena Line, said: “Following our signing of the Birkenhead 12 Quays deal earlier this year, this agreement reinforces our long-term commitment to Peel Ports Group and further strengthens our partnership. Heysham is an important hub for our Irish Sea business and we’ve been developing our operations here year on year. We’re excited for the future of the route and to building on its current success.” David Huck, chief operating officer at Peel Ports Group, said: “We have been collaborating successfully with Stena Line for many years and it’s fantastic to establish another long-term agreement with the business.”

Dale Vince’s electric airline strikes engine deal with Cotswold firm

Dale Vince’s electric airline strikes engine deal with Cotswold firm

Ecotricity founder Dale Vince’s newly launched airline has struck a deal for 70 hydrogen-electric engines as it prepares for take-off next year. Ecojet, which was unveiled by the Gloucestershire green energy entrepreneur earlier this year, is aiming to become the world’s first airline with a fleet of passenger planes powered by electricity. Like this story? Why not sign up to get the latest South West business news straight to your inbox. The carrier is planning to first fly a conventionally powered aircraft operating routes to and from Edinburgh in 2024, and will later refit the aircraft with engines made by US hydrogen-electric propulsion experts ZeroAvia. US firm ZeroAvia recently completed a program of 10 test flights of a prototype of its ZA600 engine for the Dornier 228 aircraft at its UK base at Cotswold Airport in Kemble. ZeroAvia said it was targeting type certification of the ZA600 engine in 2025. Ecojet said it had placed a larger order for the more powerful ZA2000 engine, designed for up to 80-seat regional turboprop aircraft, with an entry-in-service target of 2027. The company said this could open up the potential to fly aircraft such as the ATR72 and Dash 8 400, already popular on regional routes across the world. Ecojet will work with Monte, ZeroAvia’s financing partner, in bringing the technology to market, and with airports and other industry partners, to identify and finance opportunities for hydrogen-electric commercial flights. Mr Vince, who also owns League Two football club Forest Green Rovers, said: “We don't have to give up flying to live a green lifestyle or to get to net zero as a country - and this is big news. The technology is here now and the planes are coming very soon - carbon free, guilt free flying is just around the corner. “And although aviation is responsible for only a small part of all global emissions, it occupies a far bigger space than that in our psyche. The hearts and minds value of this new opportunity outweighs the carbon issue significantly. It shows that everything we need to do, can be done, with a low to zero carbon footprint. And that is big news and a big encouragement to us all.” Val Miftakhov, founder and chief executive of ZeroAvia, added: “Clean aviation will mean increased regional air travel and new routes, Ecojet can capitalise based on their clear focus on low-emission travel. The UK Government’s Jet Zero Strategy has set a great example for the world to follow, but the UK can go much further by being early to act and introducing some of the first zero-emission routes in the world.” Rishi Majithia, head of investment at MONTE, commented: “Since signing our definitive purchase agreement with ZeroAvia, we have been working closely with ZeroAvia and our global network of aircraft operators to reach tri-party agreements on the use of the ZA600 powertrain. Ecojet’s commitment to using the ZA600 whilst being financed by MONTE is one of the first of these partnerships and we are excited to be working with an operator that is aligned with our goals of decarbonizing regional aviation.”

Tyneside chosen by British-Korean joint venture to build £923m cable factory

Tyneside chosen by British-Korean joint venture to build £923m cable factory

An international alliance of offshore cable companies has revealed plans to create a £923m factory on Tyneside. UK-based Global InterConnection Group (GIG) and a subsidiary of Korean firm LS Group have formed a joint venture - LS Eco Advanced Cables - in a bid to set up a high voltage cable plant at the 11.7 hectare Tyne Renewable Quay site on the south bank of the Tyne. An exclusivity agreement has been reached with the Port of Tyne which will open the door to talks about securing a long lease for the location, which has a deep water berth on the river. LS Eco Advanced Cables says it is aiming to secure planning permission by the end of the year, with hopes the facility could start production in 2027. The alliance says the plant will feed the growing green energy market, providing high voltage direct current (HVDC) cables for electricity transmission for wind and solar farms. Read more: Pragmatic Semiconductor points to progress as losses widen amid significant investment Read more: Electric powertrain specialist Saietta failed with deficit of £2.89m, administrators say In an announcement to investors on the Euronext Amsterdam stock exchange, where Global InterConnection Group is listed, it said it had progressed design specifications for the factory and had enlisted "strong national and local government support for the project". The joint venture needs to raise £923m to fund the factory’s construction with an offer to (GIG) shareholders on a first refusal basis. Bosses say the demand for HVDC cables will escalate in coming years thanks to growth in the renewables market, electricity consumption more widely, and emphasis on energy security in national and international policy. They cite research from Goldman Sachs which suggests $128bn of investment is needed up to 2030 to service the demand. Global InterConnection Group is the holding company of Atlantic SuperConnection (ASC)- the business which is developing a 1,794MW, 1,708km interconnector between Iceland and the UK, with a national grid connection near Hull. The cable will bring geothermal and hydroelectric electricity to the UK, and take offshore wind power to the existing Icelandic hydro dams, with pumped storage ‘refuelling’ the dams to create a 1,500 MW ‘clean battery’. ASC hopes to raise £1.2bn of equity funding towards the project, with an initial £30m investment being made to bring it to a final investment decision before construction can start. But the business will first need to raise £3.5bn, with indications it has the support of an investment bank. In a message to shareholders, Global InterConnection Group said: "The new factory will deliver a substantial positive impact both environmentally and socially. LS Eco Advanced Cables intends to secure planning permission by the end of this year, with fully CIGRE-certified production expected in 2027.

Mandy Rail steams ahead to become latest Port of Blyth tenant

Mandy Rail steams ahead to become latest Port of Blyth tenant

A North East rail maintenance specialist has become the latest business to set down roots at the Port of Blyth. Mandy Rail has become the latest tenant at the port’s growing Battleship Wharf, where it will offer its freight wagon repair and maintenance services. The Battleship Wharf terminal has four deep water berths which are strengthened for heavy lift operations, as well as warehousing and additional open storage and development land available. Its rail loading facility offers fast access to and from the UK freight railway network, with provision for trains up to 420m in length. The wharf – increasingly used for wind farm mobilisations and project cargoes – is also home to both the Port’s fully licenced offshore decommissioning facility and a cable storage area. Mandy Rail’s arrival comes almost five years after its launch in November 2019 with just two maintenance staff in Shincliffe, County Durham, focusing on wagons for a handful of firms. The business now has 28 employees at its bases in Ashington and Doncaster, having grown to offer maintenance services for wagons owned by Touax, VTG, GBRf, Ermewa, Freightliner and DRS. The firm said that Battleship Wharf is the ideal location for its operation, offering a secure site with convenient road and rail connections. Mandy Rail will boost the Port of Blyth’s existing services by offering accessible maintenance and repair solutions for rail wagon operators in the North East and beyond. Alasdair Kerr, commercial director at the port, said: “It’s fantastic to welcome Mandy Rail to our Battleship Wharf Terminal. Mandy Rail’s expertise in freight wagon repair and maintenance not only enhances the Port’s service offerings but reinforces our dedication to providing comprehensive solutions for our clients.” Mark Hedley, joint managing director of Mandy Rail, said: “Mandy Rail are delighted to announce an exciting partnership with the Port of Blyth. The Port has supported us in transitioning to our new site seamlessly with their flexible and service-orientated approach. This collaboration marks the beginning of what promises to be a long and successful partnership.”

Bristol Airport reaches Level 4+ international carbon accreditation scheme

Bristol Airport reaches Level 4+ international carbon accreditation scheme

Bristol Airport is the first UK regional airport to reach Level 4+ in international carbon accreditation scheme. The South West transport hub reached this level of the only global carbon management certification programme for airports. The Level 4+ status recognises that an airport has a long-term carbon management strategy for absolute emissions reductions, actively drives third parties towards delivering emissions reductions, and that the residual carbon emissions over which the airport has control, are being offset using internationally recognised offsets. Like this story? Why not sign up to get the latest South West business news straight to your inbox. The accreditation is awarded by the Airports Council International (ACI). Bristol Airport was awarded it for reducing CO2 per passenger from its direct emissions by 61% from 2014 to 2022. The Airport has a target of net zero operations by 2030 and a new interim target of cutting direct emissions by 73% by 2027, relative to 2019 levels. Achieving this will require the removal of gas heating and it being replaced with air source heat pumps, converting more diesel vehicles to electric, and all runway lighting to become LED. Bristol Airport is working with aerospace partners and others in the region to accelerate the delivery of zero emissions, hydrogen-powered flight by 2035. The region’s first ‘EV filling station’ will be built at the Airport to encourage passengers to move to electric vehicles. Bristol Airport continue to make £250,000 available each year through its Aviation Carbon Transition (ACT) programme, that supports research and innovation into cutting scope 3 emissions.

GXO Logistics strikes deal with Wincanton as bidding war intensifies

GXO Logistics strikes deal with Wincanton as bidding war intensifies

Bosses at Wiltshire-based logistics giant Wincanton have struck a £762m takeover deal with a US business following a battle to buy the company. Wincanton told investors on Friday (March 1) it had accepted the offer from GXO Logistics and withdrawn its backing for an earlier bid from French-headquartered Ceva Logistics. GXO has made an offer price of 605p for each Wincanton share, which comes just days after Wincanton confirmed it had been approached by a rival bidder. Wincanton said it intends to recommend "unanimously" the GXO offer to shareholders. Sir Martin Read, chairman of Wincanton, said: "We have long been clear that Wincanton is a great business with a compelling strategy, strong customer relationships and excellent people. "Under the current management team, we have made positive progress and ensured that Wincanton is at the forefront of logistics innovation. The board of Wincanton is pleased that GXO recognises the very significant value inherent in this business and intends to recommend the offer to shareholders for their consideration. " In January, Wincanton agreed to be taken over by Bidco - a newly established company formed by a subsidiary of Ceva Logistics for the purposes of the acquisition - in a deal worth £567m.

Harland & Wolff suspends shares over accounts delay

Harland & Wolff suspends shares over accounts delay

Shipbuilder Harland & Wolff has suspended trading in its shares on the London Stock Exchange after the firm failed to publish its annual results on time. The Belfast-based company, which also owns the Appledore shipyard in North Devon, said audited accounts were delayed due to ongoing talks with its auditors over how to account for revenues of some of its “multi-year and complex” contracts. This meant it missed the deadline to publish its results by June 30 and it has therefore temporarily suspended trading of its shares on the AIM market. Harland & Wolff said: “Given the multi-year and complex nature of some of the contracts under which the company is working, the company has been in extensive discussions with its auditors to agree the method of accounting for revenues throughout the duration of a build programme.” It said the group has recently agreed on the treatment of revenues with its auditors and aims to publish results next week, at which the point the shares suspension is expected to be lifted. In unaudited financial results for 2023, released on Monday, it posted a pre-tax loss of £43.1m, narrowed from losses of £70.8m in 2022. Revenues more than trebled to £86.9m from £27.8m the previous year. It comes amid uncertainty over a £200m government loan guarantee, which has cast doubt over Harland & Wolff’s future. A report in The Times newspaper in May suggested Chancellor Jeremy Hunt was expected to block a key support package application by the firm, amid an “intense Government row”. Harland & Wolff group chief executive John Wood insisted at the time that the company’s application “has not been rejected”, and “continues to be a work in progress”. The group has built up a large debt pile, for which it is facing soaring costs from higher interest rates, and has been under financial pressure for many years. It was saved from administration five years ago through a deal with energy firm Infrastrata. Harland & Wolff received a boost when the Team Resolute Consortium it belongs to won the bid to deliver three fleet solid support (FSS) ships for the Royal Fleet Auxiliary. It has applied to the Government’s Export Development Guarantee scheme for support. The scheme usually covers up to 80% of the risk to lenders on loans of up to £500m but Harland & Wolff is asking for a 100% guarantee in its application. In its unaudited results, group chief finance officer Arun Raman said: “I am highly encouraged by the growth in revenues from 2022 to 2023 as we seek to achieve the critical mass required to get to cash break-even.”

Associated British Ports' Humber chief to step down

Associated British Ports' Humber chief to step down

The regional director of Humber port operator ABP is to step down in the autumn, the company has announced. Simon Bird has been in post for nine years leading the ABP Humber Ports complex which is said to be the UK's busiest trading gateway with four ports of Immingham, Grimsby, Goole and Hull handling more than 58m tonnes of cargo between them each year. Mr Bird will leave his role in October with shareholders and executive board colleagues thanking him for having made a "significant contribution" to the company. During his tenure as regional director he has been instrumental in improving health and safety standards for ABP employees and other port users; bringing forward large projects that enable decarbonisation and supporting the green energy transition. Read more: Meld Energy's £250m Hull green hydrogen plant plans to go ahead Read more: Job cuts at the Woodsmith Project amid slowdown of multibillion-pound fertiliser mine Just last year, Mr Bird played a key role in securing the freehold of a 227.5-acre site known as Stallingborough Interchange, which is now marked for expansion through commercial port opportunities including automotive, bulk warehousing, distribution and logistics uses, advanced manufacturing, and green energy initiatives. He has also been instrumental in securing the Humber Freeport, which he now chairs. In an announcement of his coming departure, ABP said: "Simon’s impressive career spans over 28 years as a senior leader in the ports sector in the UK. He began his industry career in the maritime and ports sector on the board of the Mersey Docks and Harbour Company (now Peel ports). "He went on to be CEO at Bristol Port Company before joining ABP’s executive board as regional director for the Humber Region in 2015. He served on the board of all three ports companies as well as serving as deputy chair and then chair of the UK Major Ports Group, and port advisor to the UK Government."

Bibby Marine signs shipbuilding deal for net zero vessel

Bibby Marine signs shipbuilding deal for net zero vessel

Bibby Marine has awarded the contract to build its pioneering electrically-powered windfarm maintenance vessel to Gondan Shipbuilders. Bibby Marine, part of Liverpool’s Bibby Line Group, says it chose the Spanish company after a tendering process including yards in the UK and overseas. The company says it aims to work with its supply chain to ensure UK shipyards are involved - and have pledged to work with local colleges and universities to promote the Uk as a centre for green technology. The shipping line said the vessel would be “the world’s first truly zero-emission electric Commissioning Service Operation Vessel (eCSOV)”. It has been designed with London-based Longitude Engineering to include a battery system alongside dual-fuel methanol engines -and will be able to operate on battery power alone for 16 hours. It will also be able to draw energy directly from turbines. This will be the first new vessel commissioned by Bibby since WaveMaster Horizon SOV was launched in 2019. Bibby Marine said Gondan’s offer “stood out in terms of timeline, budget and quality”. Its CEO Nigel Quinn said: “This is an exciting next step for our project, and we are delighted to have found a partner in Gondan Shipbuilders, who will bring our clean vision to life. “Gondan’s 100 year-experience of building ships and more recent experience of building ships to suit a low / no carbon future, aligns closely with our own history and vision, which meant it stood out as a yard to help us deliver our eCSOV. “As a UK-owned company, we are pleased this vessel will be the first UK-designed CSOV and a UK-flagged vessel. We will continue to work alongside our established supply chain and local academia, to ensure UK shipyards are engaged, and have the opportunity to learn, throughout the process. We want this project to support the ambition to turn the UK into the world's number one centre for green technology. “The delivery of this vessel has the potential to be a game changer for our industry by accelerating our path to net-zero, as well as showcasing marine innovation at its finest. This project will demonstrate that clean ships can be built at the same total cost of ownership as a conventional fossil burning vessel, coupled with significantly reduced operating costs.” Bibby Line Group CEO, Jonathan Lewis said: “As a family-owned business, we pride ourselves on being able to take a long-term perspective. “Following our group restructure in 2020, significant investment in our more focused portfolio of core businesses is resulting in improved group performance and allowing us to invest for future growth – putting Bibby very much back on the front foot in our respective sectors. “I am delighted that we are investing into world-leading green technology within the marine sector, in which we have operated throughout our 200+ year history. This investment has been made possible by the dedicated and skilled people who are part of Bibby Marine and the broader Bibby Line Group.” Daniel Scavuzzo, sales director of Gondan Shipbuilders, said: “We are excited to begin this journey with Bibby Marine, who are at the forefront of offshore wind and committed to decarbonizing the maritime sector. This project fits seamlessly with our expertise in zero-emission technologies.” The project is part of the Zero Emission Vessels and Infrastructure (ZEVI) scheme, funded by the UK Department for Transport (DfT) and delivered by Innovate UK. The ZEVI scheme is in turn part of the Department’s UK Shipping Office for Reducing Emissions (UK SHORE) programme, a £206m scheme aimed at decarbonising the UK domestic maritime sector.

Report calls for more rail freight in Manchester to help construction sector and cut carbon emissions

Report calls for more rail freight in Manchester to help construction sector and cut carbon emissions

Using rail freight to move construction materials could boost Manchester’s economy and help the city region meet its environmental goals - that’s the message from a new industry report calling for support from the Government and Network Rail . The Mineral Products Association (MPA) and the Rail Freight Group (RFG) want to encourage more use of rail rather than road to move materials such as aggregates and cement, used in construction. Their new publication, Building Better with Rail Freight in Greater Manchester, says rail freight typically produces 76% less carbon dioxide than the equivalent road journeys, while a single aggregates train can carry as much as 125 lorries. The MPA says its members supply around 200m tonnes of aggregates and 9m tonnes of cement each year to meet UK demand. But just 10% of those materials are transported by rail. While that makes mineral products the second largest market segment on the rail network after containerised freight, both the MPA and the RFG say there is a “huge opportunity” to deliver more of those materials by rail - cutting lorry miles, traffic congestion and carbon emissions. The report sets out how local and national government, alongside Network Rail, can support those ambitions. It suggests measures including: The report also includes case studies of local firms using rail freight, including the upgraded Cemex railhead at Salford which receives aggregates from Dove Hole quarry in Buxton. It also notes Tarmac’s three Greater Manchester railheads at Agecroft, Ashbury and Bredbury, which import hardstone and limestone aggregates from four Northern quarries. Maggie Simpson, director general of industry body the Rail Freight Group, said: “Greater Manchester has one of the fastest growing economies in the UK, and is seeing investment in new homes, offices and infrastructure. Rail freight is already helping to minimise the carbon emissions of this construction, and with the right policy environment in place our members will be able to transport more products by rail into the region, reducing the number of lorries on our roads.” The MPA is the trade association for the aggregates, asphalt, cement, concrete, dimension stone, lime, mortar and industrial sand industries. It has some 520 members including most independent SME quarrying companies in the UK, as well as the nine major global players in the sector.

EFS Global snaps up trio of parcel carriers in latest expansion

EFS Global snaps up trio of parcel carriers in latest expansion

A trio of northern parcel companies have been bought by acquisitive logistics group EFS Global in an undisclosed deal. Yorkshire-based YDL, Leeds Parcel Company and North West-based Pass the Parcel are the latest firms to be acquired by Burnley's EFS in what it says is its largest deal to date. The move is said to add more than £30m turnover to EFS which now operates 26 companies. The three firms, which will remain under current senior leadership, provide pallet and parcel distribution services from sites across the north and are earmarked for further growth. The deal means EFS now has businesses spanning 40 sites throughout England and Scotland. Read more: Asda co-owners face MP grilling on fuel prices and company structure Read more: Teesworks accounts show major increase in revenue and profits Newly published accounts for EFS Global show the group generated turnover of £60.3m in the year to the end of March 2023, with operating profit of £2.2m. In those documents, bosses said UK and global markets had remained challenging but that the group had performed in line with expectations. Jordan Kellett, director at EFS Global who led the deal process, said: “We begin 2024 with the incredibly exciting acquisition of these well-known and reputable companies. I am thrilled that we have managed to get our largest acquisition to date over the line, plugging some key areas of the country in North & West Yorkshire. We are not only acquiring well-known and reputable companies, but an extremely experienced team of people that I am excited to work with on both their own companies and the wider group.” EFS Global was advised by Manchester-based Davis Blank Furniss. That team included partner and head of the corporate department, Sonio Singh; senior associate Lauren Sever and trainee solicitor, Hannah Kay.

Work starts on 200 acre Derbyshire warehouse park which could one day create 4,000 jobs

Work starts on 200 acre Derbyshire warehouse park which could one day create 4,000 jobs

Work has started on the first stage of a 200 acre warehouse park close to the M1 between Derby and Nottingham. The New Stanton Park development in Ilkeston could eventually have up to 2.6 million sq ft of premises and employ 4,000 people. Construction company Glencar has been brought in by developer Verdant Regeneration to design and build the first building on the former Stanton Ironworks site – a 20,400 sq ft regional hub for parcel delivery and freight specialist DX (Group). It is expected to be completed next April. The broader site, near junction 25 of the motorway, has outline planning for a number of industrial/warehouse units ranging in size from 11,000 sq ft up to more than 1 million sq ft. Glencar managing director Peter Goodman said: “We are very happy to have been appointed by new customer Verdant Regeneration on what will be the first development to come out of the ground at this brand new, strategically located development site which has been a long time in the planning. “This development has been designed with sustainability at the core which when combined with large amounts of amenity and green space at New Stanton Park will see fishing ponds, rural walkways and cycle tracks all enhanced to link the site and wider communities. “Glencar are fully committed to sustainable construction and a sustainable future. “Our ESG approach has been deliberately designed to help us to create a positive impact on the world in which we operate as well as a more innovative, resilient and successful business for the future. “We are committed to being a responsible business and to supporting customers in achieving their own sustainability targets and look forward to working closely with Verdant Regeneration and the broader project team. DX (Group) chief executive Paul Ibbetson said they were looking forward to creating jobs in the area. Verdant Regeneration bought the land in 2020 and gained outline planning in 2022 and director David Grier said it was one of the biggest regeneration projects in the region. He said: “New Stanton Park offers an excellent strategic location, blending an active rail connection with strong private and public transport connectivity, plentiful labour, large power supply and high volume water connection.

Port of Blyth benefits from early start in renewable energy sector

Port of Blyth benefits from early start in renewable energy sector

When Martin Lawlor first joined the Port of Blyth in the late 1990s the renewable energy sector was only just beginning to take shape in the UK and the port’s prime source of income was the paper trade. Jump forward to 2024 and there are now no less than 52 companies based around the estuary linked to the clean energy sector, with the cluster helping Northumberland to punch well above its weight in the growing sector. The port recently unveiled record results for a third consecutive year, boosting turnover to £31.5m and operating profit to £3.9m thanks to its work as one the UK’s biggest offshore energy support bases. The last 12 months have seen it mobilise two of the world’s largest offshore wind farms, providing significant vessel and onshore handling activity, while also being involved in specialist sub-sea equipment, heavy project lifts and support for the decommissioning sector. The level of activity is a far cry from the port’s revenue earners when Mr Lawlor, who was appointed CEO in 2006, first arrived at the port as commercial director. Read more : signs of improvement in North East economy Go here for more North East business news He said: “When I first came here we were a paper port – almost everything we did was paper coming in from Scandinavia, and I was brought in to generate some new trade because we were coming close to when we knew we were going to lose that trade. The paper firm wanted to go through a single port, and with the best will in the world they were never going to use Blyth for the whole of the UK.” Mr Lawlor had been looking at emerging trends and sectors that the port could tap into, and – alongside creating the container service and some work in scrap metal – he could see that wind turbines could become a strong opportunity. Onshore wind turbines were, at the time, being developed for the Scottish Borders and the North of England. He said: “I had seen things in the trade press and thought clearly there’s something here. The board said I needed to generate new trade that didn’t require warehousing – that warehousing was soon to become empty when the paper trade went – so they said ‘help us to get into wind turbines’. It was almost the origins of what we do today.” Since then, the port’s work within the renewables sector has flourished, with it seeing the most growth over the last 10 years, as more businesses seek to join the cluster. Mr Lawlor said: “The story behind it is really interesting. We were very much a first mover in the area of offshore renewables – the very first two offshore wind turbines in the UK were off Blyth. We’d already cut our teeth in wind turbines, bringing in onshore ones from the continent, so even in the late ’90s we were doing wind turbine components in the days when they were not yet widely acknowledged. It was a niche area then – oil and gas was still everything. “We used that experience of handling onshore turbines and grew from there really. We started to attract one or two big companies who saw what we were doing, and I guess each company we attracted around the estuary made it easier to attract the next one, so this cluster has grown rapidly and we now have 52 companies who are involved to some degree in the sector, so it’s a huge cluster. “That attracts the ships and the developers – they know that if a vessel comes here it is a one-stop shop. We have all these facilities and services at their disposal. Not just handling, but everything from specialist hydraulics, to electrical et cetera. so we’re able to pull in things very quickly. “Some of the larger vessels which enter the port can cost hundreds of thousands of dollars a day to hire so if we can turn a ship around a day or two quicker than someone else it’s a fortune. So our challenges are almost irrelevant – it’s our service level that makes the difference. “And that’s what differentiates us from the rest of the UK at the moment. We’ve gained a reputation for expertise. The cluster itself as a partnership has grown to be internationally significant now.” At the moment there are around 1,000 people employed at port-based businesses, and Mr Lawlor says the challenge will be to make sure job numbers are maximised going forward. By 2030, some 72,000 extra UK jobs will be available purely in the wind sector, and there are hopes that as many of those jobs as possible will be North East-based. He said: “We’re well-placed, so we want to make sure that we gain more than our fair share of those jobs around the estuary, and to continue to grow the port.” Mr Lawlor said the port is also looking at other opportunities for expansion – specifically near-port sites, which could involve its logistics business Transped or could see it rent space. He said: “There’s a couple of large inland sites where we might get involved, where we could move some of the things that don’t need to be alongside deep water, like containers and anything road-borne. We could have a logistics base inland, which is 5-10 minutes away, which frees up space for the big stuff which can’t come down the public highway. “We could take some space ourselves for our container operation, or get involved with inward investors – we can say ‘do you need assistance with warehousing?’ We can load what they make onto vessels, bring their raw materials into port – we’re a very much integrated supplier for them.” Meanwhile it is also expecting to see a lift in its decommissioning work at Battleship Wharf. As well as its work on oil and gas projects, wind turbines will also come through Battleship Wharf as they come to the end of their lifespans. Mr Lawlor said: “Not only did we have the very first two offshore wind turbines in the UK, we also decommissioned the very first two. We use some of those components for our wind turbine training facility. It’s good to have that to train the next generation. In due course the turbines will come through for decommissioning so we see that as another opportunity further down the line.” Ensuring the next generation of port workers are brought through in the area is a high priority, one which will soon be even more possible through the Energy Central Campus. The campus is made up of two education, training and skills facilities focusing on STEM education, sector-led training, higher level skills, and phase one will welcome its first intake of students in September. From 2026, the centre of Blyth will have Phase 2, teaching degree and PhD level skills, collaborating with local universities and the ORE Catapult. Mr Lawlor is the first chair of the new education facility’s board, and he says much work has gone into creating an education ecosystem where everyone can become enthused by careers within clean energy, from primary school level to PhD – a “learning factory” which is hoped will provide a blueprint for future facilities across the UK. He said businesses based in Blyth have offered to exhibit in the visitor centre, while also offering to take placements. “The idea is that it will be business-led – it’s at the heart of this cluster which inspires people to enter the sector,” said Mr Lawlor. “Often these things are on a college campus, or on an industrial estate, so if we can’t inspire people by what they see out of this window we never will.

Logistics giant GXO completes acquisition of Wincanton

Logistics giant GXO completes acquisition of Wincanton

Global logistics giant GXO has completed its acquisition of Wiltshire-based Wincanton in a deal worth £762m. The US company was given the green light by the UK government to take over the Chippenham-headquartered business after it struck a deal with the firm in March. GXO won the backing of Wincanton bosses despite an earlier takeover offer from French-headquartered Ceva Logistics. Wincanton said last month it would "unanimously" recommend the GXO offer to its shareholders. GXO said on Monday (April 29) that all conditions of the acquisition had been met and it was now the sole shareholder of Wincanton. Under the agreement, GXO has acquired the entire share capital of Wincanton for 605 pence per share in cash. The businesses will continue to be run independently until the UK Competition and Markets Authority (CMA) has completed its review, the firm added. GXO chief executive Malcolm Wilson, said: “We are very pleased to complete this valuable acquisition for our company, which advances our position as the global pure-play logistics leader, and we look forward to welcoming Wincanton’s high-quality team to GXO. "By combining Wincanton’s footprint and proven expertise in the UK and Ireland with our global reach and transformative technology, we can provide a wider range of services to new and existing customers across geographies – and accelerate our long-term growth trajectory.” GXO said it expected to create "significant value" for stakeholders by allowing new and existing customers to benefit from a broader range of services and capabilities across an expanded global platform. LIKE THIS STORY? Why not sign up to get the latest South West business news straight to your inbox. The firm said the acquisition would expand its offering and customer base in several industries in the UK including aerospace, utilities, industrial and healthcare.

Falmouth Harbour reports record cruise season

Falmouth Harbour reports record cruise season

Falmouth Harbour in Cornwall has reported a record cruise season which brought an estimated £4m to £6m into the local economy. A total of 44 visits were made between April and October, up from 29 in 2022. September was the busiest month with 11 cruise calls, including a visit from the 131m luxury cruise ship, Le Champlain, operated by the French line Ponant. Like this story? Why not sign up to get the latest South West business news straight to your inbox. Bosses at the harbour said the cruise traffic had provided “a welcome boost” to footfall for local businesses, adding that many of the calls had taken place outside the traditional holiday period. They added that they were expecting 2024 to be “even busier” with more than 50 cruise ships already scheduled to visit. Falmouth Harbour chief executive Miles Carden said: “The popularity of cruise is growing and this year has proven that Falmouth Harbour can accommodate a full range of cruise ships, working closely with Cruise Britain and port partners including A&P Falmouth and with our outstanding Pilotage provision ensuring vessels can berth or anchor safely and on time. “We want these ships and their passengers to have the very best experience here and to come back. The value to Falmouth and Cornwall is immense: with an estimated per passenger spend of £70, this season alone could be worth in the region of £4-6m.” The harbour’s operators said the vessels visiting it had been “notably bigger” this year, with one of the largest being was the 331m long MSC Virtuosa, with a gross tonnage of 181,541 and capacity for up to 6,200 guests.

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