Business breakfast recap_ amazon reports 22% sales but misses analysts’ forecasts – chronicle live
Newcastle Airport should develop links to America, China and India to take advantage of its unique potential in growing the economy of the North, a new report has said.
The influential Transport for the North (TfN) group – which brings together business and council leaders from across the north to influence the Government – says the airport “has a particularly important role within the North’s wider offer in providing international connectivity for businesses and entrepreneurs based in the North East, Cumbria and southern Scotland”.
The report envisages new routes being developed to Hong Kong and Beijing in China, to Delhi in India, and to Atlanta and Toronto in North America in what is described as a “transformational scenario”.
To achieve the hoped-for growth, however, improvements to roads near the airport, upgrades to the Tyne and Wear Metro and a direct rail link to the airport should be also be built, TfN says.
The recommendations are part of a wider report which says that better connected airports and ports in the North could release massive potential benefits for trade and business growth.
Improving international links could see 75m passengers travelling to and from the region each year by 2050, while better road and rail links to and from the region’s ports could also see more freight being shipped in and out to boost the Northern economy.
John Cridland, chair of Transport for the North (TfN), said: “It’s clear that the north’s ports and airports are key economic assets for the region with nearly 40m passengers flying from the region each year and around a third of all UK freight using northern ports.
“Yet we know that the lack of access to and from our ports and airports is holding them back, with congestion on our roads and railways making it difficult for people and goods to reach international gateways.”
ADP, which is based on Dean Street and employees 14 staff in Newcastle plus 120 staff across its eight UK offices. Egp to usd has placed a significant majority of its shares in an Employee Ownership Trust for the benefit of all staff.
Members of staff will have an increased say in the future direction of the business, an employee director on the management board and an employee council to represent their views.
The firm is currently working on the restoration of Spanish City in Whitley Bay, North Tyneside, and a number of local school projects including an extension to Cardinal Hume Catholic School in Gateshead.
Chairman Roger FitzGerald said: “Having just celebrated 50 years in business, this re-structuring puts ADP in a great position to grow further in the future, and provide an even better quality of service to our clients.”
Managing director David Heslop added: “It has been demonstrated that businesses owned by their staff are more successful financially and are more satisfying places to work. Rand pound exchange rate graph Allowing ADP’s employees to benefit directly and proportionately from our future success will build further on their existing commitment and enthusiasm.”
Registrations of new-build detached homes across the UK also reached their highest levels since 2004 last year, according to the National House Building Council (NHBC), which said the sector has “remained resilient” despite the caution surrounding Brexit.
Builders are required to register a house with the NHBC, a warranty and insurance provider, before starting work, which means its figures represent homes that are to be built in the months ahead.
The NHBC’s report showed a total of 38,999 semi-detached homes were registered last year – the highest annual total since records started in 1986. Pound to dollar exchange rate graph Some 46,118 detached homes were also registered, marking the highest total for this property type since 2004.
Overall, 151,687 new homes were registered in 2016, marking a 2% decrease on 2015 but still the second highest annual total since the downturn took effect in 2008.
Several regions outside London saw a year-on-year jump in new-build registrations in 2016. 1 usd to rm malaysia The North East saw a 6% lift and Yorkshire and Humberside saw a 27% annual increase in registrations last year, while the South East recorded a 14% uplift and the North West recorded a 12% increase.
We have also seen some strong regional growth outside of London. Exchange rate mexican peso to us dollar “Both industry and consumer confidence remains high and early signs indicate that the new year has begun positively.
Supermarkets have rationed the number of lettuces each customer can purchase in stores and iceberg, sweet gem and romaine varieties have been taken off sale completely by some online.
An extreme mix of drought followed by flooding and freezing conditions has severely affected growers in southern Spain, while poor conditions have also hit farmers in Italy, Greece and Turkey.
The lettuce shortage follows similar reductions in the supply of courgettes, while salad peppers, broccoli and cabbage supplies are also under pressure. Best quotes about love and life Concerned healthy eaters have been sharing pictures of bare supermarket shelves while complaining that prices have nearly tripled in recent weeks.
A Tesco spokesman said they were “experiencing some availability issues” due to the bad weather in Spain and a Morrisons spokesman said: “As a result of the fact that the Spanish harvest has been very difficult this year, we have just about enough coming in to supply our customers.
He is joined by Conservative lobbyist Adrian Yalland, who voted Leave, and four anonymous applicants referred to as W, L, T and B. Binary compound In a historic ruling, the Supreme Court declared that Parliament must give its approval to trigger Brexit under Article 50 of the Lisbon Treaty.
The applicants are asking the High Court in London for permission to seek a ruling that Parliament must separately give permission before the Government can pull out of the EEA.
They want a declaration that it would be unlawful for Prime Minister Theresa May to cause the UK to leave the EEA without prior Parliamentary authorisation through an Act of Parliament, and the serving of a withdrawal notice under Article 127.
The Department for Exiting the European Union says the case is unarguable and contends: “Once the UK leaves the EU, the EEA Agreement will automatically cease to apply to the UK.”
A single judge who considered the case in private last December refused permission to apply for judicial review, but the applicants are exercising their right to renew their application in open court in a hearing before Lord Justice Lloyd Jones and Mr Justice Lewis.
The apartments will be aimed at young families and professionals, with the applicant saying new city centre flats will encourage graduates to stay in Newcastle and boost its economy.
Newcastle City Council’s planning committee approved the build during a lengthy meeting on Thursday – and the news has been welcomed by many, including Coun Ged Bell, Cabinet Member for Investment and Development and Chair of Tyne & Wear Archives & Museums, and the architects who worked on the designs and handcrafted a truly impressive 3D model of the building.
Figures obtained by the think-tank IPPR show that the North East has the second highest ratio of high-growth enterprises for the number of businesses in the region.
Despite that appetite for growth in the North East, many forms of business support – including equity, bank lending and Government grants – are disproportionately going to London and the South East.
IPPR is now calling on the Government to give the British Business Bank a specific objective of supporting businesses outside of London to kickstart the work of small, high growth firms across the country.
It also wants a review of the Enterprise Investment Scheme and Seed Enterprise Investment Scheme to make sure high growth businesses outside of London, which find it hardest to get finance, benefit from public support.
Izzy Hatfield, economic analyst at IPPR, said: “This research challenges the idea that only London is the crucible of our best and most exciting small, high growth businesses.
“In fact they exist across the UK. Dollar exchange rate to peso today Everyone recognises the importance of supporting them to deliver a dynamic post-Brexit economy, but we show that the Government needs to do much more to help those outside of London access the finance they need to grow.”
While the North East has the second lowest ratio of growing firms in terms of its population, it has the second highest – above London and second only to the North West – in terms of high-growth enterprises per 10,000 businesses.
The report also finds that businesses with growth ambitions are more likely to have their applications for bank lending rejected, and are more likely to be discouraged from applying for loans in the first place, due to the extra perceived risk they face.
The e-commerce firm reported sales of $43.7bn dollars (£34.9bn) for the final three months of 2016, up 22% on the $35.7bn (£28.5bn) it reported in the same quarter of 2015.
These include smart home speaker and virtual assistant Amazon Echo, Amazon Studios, its in-house TV studio that picked up 11 Golden Globe nominations, and its Prime membership scheme that includes faster delivery as well as TV and music streaming services.
The debut of The Grand Tour – starring former Top Gear presenters Jeremy Clarkson, James May and Richard Hammond – was also noted as a success, with Amazon reporting “millions” streaming the show’s opening episode in November.
Prime members can now choose from over 50 million items with free two-day shipping – up 73% since 2015. Futures markets news Prime Video is now available in more than 200 countries and territories.
Amazon is currently running a trial of deliveries by drone in the UK, and completed its first customer delivery using their prototype Prime Air drones late last year in Cambridgeshire.