Category: 3. Business

  • Asda joins the team to help change lives through supported internships

    Asda joins the team to help change lives through supported internships

    A Hartlepool project creating life-changing opportunities for people with additional needs is going from strength to strength, with a retail giant now throwing its weight behind the scheme.

    The Hartlepool Supported Internship Programme – a partnership between Hartlepool Borough Council, consultancy DFN Project Search and local employers – provides a structured, work-based learning programme to help young people aged 16-24 with additional needs and/or autism gain the skills, experience and confidence they need to move into paid employment.

    The scheme has received another major boost after Asda Hartlepool joined the partnership – the first time the Hartlepool store has done anything like this.

    Asda has welcomed nine young people into supported internships, with them each spending time learning the ropes in a range of different store areas including fresh and frozen food, George, health and beauty and general grocery items over a total nine month period.

    As well as trying out different job roles in real working environments, the interns learn practical skills, timekeeping and communication, discover what kind of work they are good at and build their confidence and independence, all the time continuing with education and training and receiving support from job coaches and mentors.

    From left: Councillor Aaron Roy, Rob Cecere of Asda Hartlepool, five of the supported interns – Aimee Mitchell, Joshua Grainger, Marc Phillips, Kieran Hunter and Noah Hunter – and Beth Madigan of DFN Project Search

    Just a few weeks into their placements, the interns and Asda are already seeing major benefits.

    Noah Hunter, who is 19, said: “I’m really enjoying it – it gives me a reason to come out of the house. It lets me do work and I’m really enjoying doing that.

    “It’s made me more confident and has helped me improve my timekeeping. The staff in Asda are really nice and are always there if you need a helping hand.”

    Aimee Mitchell, who is 20, said: “I am enjoying it – I feel good coming into work every morning and I’m proud of myself and happy, and I’m looking forward to the next few months.”

    Councillor Aaron Roy, Vice-Chair of Hartlepool Borough Council’s Adult Services and Public Health Committee, said: “We were absolutely delighted to welcome Asda Hartlepool to the partnership – it’s testament to the confidence employers have in the Supported Internships scheme.

    “For people with additional needs and/or autism, gaining and sustaining employment can often be far more difficult than for those who don’t have them, and these internships help change lives, building independence and confidence and showcasing the young people’s drive and determination.

    “They are also good for business, increasing an employer’s confidence to develop employees with additional needs and increasing the diversity of the workforce, reflecting its customer base. We’d love more firms to follow Asda’s lead and come onboard.”

    Rob Cecere, Asda Hartlepool General Store Manager, said: “Comparing how the interns were on day one when they first came in for the interviews with now just a few weeks later, we’ve already seen how they’ve grown, with their potential and passion shining through.

    “We’re so excited to support this project and we’re really looking forward to the coming months and seeing how these young people continue to flourish.”

    Beth Madigan, Programme Specialist for DFN Project Search, said: “We know that supported internships can change lives but we also know that it can really benefit a business and they can make use of an untapped talent pool.

    “We’re really excited to see the ripple effect of this programme in Hartlepool, benefitting the community and raising aspirations for young adults with additional needs and/or autism and building a more inclusive workforce in the community.”

    If you’re a Hartlepool business keen to get involved – or if you’re someone who would like to join one of the Supported Internships programmes – email SI@hartlepool.gov.uk

     

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  • Gold prices in Pakistan Today

    Gold prices in Pakistan Today

    At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY

    Gold prices registered a sharp decline on Tuesday across both international and local markets.

    In the international bullion market, spot gold fell 0.6% to $4,277.20 per ounce as of 1102 GMT, after earlier trading around $4,285. Despite the dip, bullion has rallied 64% so far this year.

    Following the global downturn, gold prices in Pakistan also dropped sharply. The price of gold per tola declined by Rs4,000 to Rs450,862, while the price of 10 grams fell by Rs3,429 to Rs386,541.

    Meanwhile, spot silver fell 1.5% to $62.98 per ounce, after touching a record high of $64.65 on Friday.

    In the local market, silver prices remained unchanged, with the per tola rate steady at Rs6,532 and the price of 10 grams holding at Rs5,600.

    Read: Gold records fresh gains as prices climb locally, internationally

    Meanwhile yesterday, in the domestic market, gold per tola surged to Rs454,862, gaining Rs2,600 during the day. Similarly, 10-gram gold was sold at Rs389,970, up Rs2,229, according to the All-Pakistan Gems and Jewellers Sarafa Association.

    On Saturday, the gold price per tola had closed at Rs452,262 following a decline of Rs2,000. Meanwhile, silver touched a historic high, rising Rs68 to reach Rs6,532 per tola.

    Commenting on market trends, Adnan Agar, Director at Interactive Commodities, said that the gold market was not showing significant movement on Monday, trading between $4,300 and $4,350, with the rate later standing at $4,322.

    “Key US economic data is scheduled to be released this week, including inflation and employment figures, as well as the Bank of Japan’s monetary policy decision. These events are likely to influence gold and overall financial markets,” he mentioned.

    Agar added that gold was about $60-70 below its all-time high, while silver had already touched a record high. “Barring any unfavourable news, the overall outlook for gold remains positive,” he said.

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  • Glasgow Prestwick Airport: economic impact assessment

    Glasgow Prestwick Airport: economic impact assessment

    Economic Impact Assessment of Glasgow Prestwick Airport. On behalf of the Scottish Government Final Report: January 2025

    Scottish Ministers

    The Scottish Government St Andrews House

    2 Regent Road Edinburgh EH1 2DG

    Dear Sirs / Madams,

    Please find attached the Economic Impact Assessment of the Glasgow Prestwick Airport (“the Report”), shared by PwC UK with the Scottish Government (“SG”) in January 2025, in accordance with our agreement dated 20 December 2023. This Report has been prepared based on data shared by SG and Glasgow Prestwick Airport (“GPA”) during the period of March – December 2024. This report has been prepared in connection with the scope as set out in the engagement letter.

    You have asked us to estimate the economic impact assessment of GPA to the Scottish economy, both from a Gross Value Added (“GVA”) and employment perspective using the latest available data. In conjunction to this, you have asked us to analyse the airport’s wider impacts, helping you determine the wider services being delivered by the airport. This has included data shared via case studies on 11 businesses and organisations in and around GPA.

    As described in the agreement or as expressly agreed by us in writing, we accept no liability (including for negligence) to anyone else or for any other purpose in connection with this report.

    Yours faithfully,

    Simon Oates

    PricewaterhouseCoopers LLP

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  • Veolia and Sutton Council invite residents to make their mark on roads across the borough in gritter naming competition

    Veolia, in partnership with Sutton Council, is inviting residents across the London Borough of Sutton to participate in an exciting competition to name the borough’s three gritting vehicles.

    As temperatures fall and wintry weather approaches, these essential teams work through the night across the borough.

    Veolia Sutton is offering residents the opportunity to get creative by naming these snow-stopping vehicles. The winning names will be displayed on the front of the gritting vehicles operating throughout the borough, giving successful entrants the opportunity to make their mark on Sutton’s streets.

    The competition will be closing on Friday 2 January. Sutton residents can apply by completing this form.

    Councillor Christopher Woolmer, Chair of Sutton Council’s Environment Committee, said: “This is a brilliant, fun competition in partnership with Veolia that gives our residents a chance to play a visible role in this vital operation. I encourage everyone, especially our younger residents, to get creative and submit a memorable name that will make their mark on Sutton’s streets this winter.”

    Scott Edgell, Divisional Head of Municipal Operations at Veolia Sutton, said:  “We’re proud to be delivering essential winter maintenance services in partnership with Sutton Council, including gritting the streets. Our dedicated gritting service is now more sustainable thanks to our newer, more efficient routes that reduce our nightly mileage – as we work to  keep Sutton’s roads cleaner and greener for everyone in the community.”

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  • Subsea7 awarded contract offshore Australia – Subsea 7

    1. Subsea7 awarded contract offshore Australia  Subsea 7
    2. Subsea7 Answers Chevron’s Call for Work at Gas Field off Australia  Marine Technology News
    3. TechnipFMC awarded contract for Chevron’s Gorgon Stage 3 project  LNG Industry
    4. Subsea 7 wins major offshore contract in Australia  marketscreener.com
    5. Subsea7 Secures Major Contract for Gorgon Stage 3 Project  TipRanks

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  • Honda to Make Astemo a Consolidated Subsidiary by Acquiring Additional Shares to Change Capital Structure

    Honda to Make Astemo a Consolidated Subsidiary by Acquiring Additional Shares to Change Capital Structure

    TOKYO, Japan, December 16, 2025 – Honda Motor Co., Ltd. (“Honda”) today announced that it will make Astemo, Ltd. (“Astemo”), an affiliate company accounted for by the equity-method, a consolidated subsidiary of Honda, by acquiring an additional 21% of Astemo shares from Hitachi, Ltd. (“Hitachi”).

    In January 2021, Astemo (formerly Hitachi Astemo) was formed through the management integration of four companies, namely Hitachi Automotive Systems, Ltd., and three Honda subsidiaries, Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.

    In October 2023, by welcoming JIC Capital, Ltd. (“JICC”, including JICC-01 Limited Partnership managed by JICC-01 G.K., which is a wholly owned subsidiary of JICC) as a new joint partner, the shareholding structure was changed to the current arrangements: 40% for Honda, 40% for Hitachi, and 20% for JICC. By leveraging its strong software development capabilities and accelerating investment in advanced technology areas, Astemo has been striving to achieve sustainable growth and solidify its position as a global mega supplier.

    In the interim, the environment surrounding the automotive industry is constantly changing. In particular, it is expected that the industry will continue to see an accelerated shift toward software-defined vehicles (SDVs) — where the value of mobility products is defined more by software technologies that enhance the functionality of vehicles through autonomous driving and over-the-air updates, rather than primarily hardware technologies. In light of this trend, Honda will continue to enhance its SDV development capabilities and cost competitiveness with an even greater sense of urgency.

    Astemo has strengths in both hardware and software technologies and will continue to be an important partner for Honda, and the growth of Astemo is indispensable for Honda to enhance its SDV development capabilities and cost competitiveness. In the face of the rapid and intense changes in the automotive business environment, as a parent company, it is essential for Honda to lead the transformation of Astemo so that Astemo can pursue the establishment of a business structure that enables high-speed, high-efficiency development of AI and software technologies, which will become increasingly necessary in the era of SDVs.

    Based on this belief, Honda, Hitachi and JICC have agreed that Honda will acquire additional shares of Astemo, equivalent to 21% of all outstanding shares, from Hitachi, thereby changing the shareholding structure to 61% for Honda, 19% for Hitachi, and 20% for JICC.

    This share acquisition is scheduled to be executed during the first quarter of the fiscal year beginning April 1, 2026, following the necessary clearances and approvals required under relevant competition laws and other applicable laws and regulations.

    As a parent company, Honda will lead the growth of Astemo as a global supplier, while maintaining the consideration of an IPO. 

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  • Clement Phang Khai Zhe – Actis

    Clement joined Actis in 2023 as a member of the Energy Infrastructure investment team, with a focus on the Actis Asia Climate Transition strategy, based out of Singapore.

    Prior to Actis, Clement worked at Boston Consulting Group (BCG), where he advised clients across multiple geographies and sectors, including Private Equity and Infrastructure.

    Clement holds an MBA from Harvard Business School and a Bachelor of Business from Monash University Malaysia.

    Contact Us

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  • Oil Holds Near Lowest Level Since 2021 on Ukraine Peace Hopes, Looming Oversupply – The Wall Street Journal

    1. Oil Holds Near Lowest Level Since 2021 on Ukraine Peace Hopes, Looming Oversupply  The Wall Street Journal
    2. Oil prices dip on weak supply outlook;Brent set for sustained break below $60/bbl?  Investing.com
    3. Oil moves lower on Ukraine talks, weak China data  Business Recorder
    4. Oil prices fall as supply outlook offsets disruptions in Venezuelan flows  Reuters
    5. Natural Gas and Oil Forecast: Weak Demand and Heavy Supply Keep Rallies Limited  FXEmpire

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  • New council of experts to advocate for the creative industries

    New council of experts to advocate for the creative industries

    The Government has announced the new members of the Creative Industries Council as part of its commitment to reshaping the body to align with national growth objectives and ensure it more accurately reflects the sector.

    Established in 2011, the Creative Industries Council (CIC) serves as a strategic forum for collaboration between industry leaders and government. It provides a unified platform for senior figures across the creative sectors to engage directly with ministers, ensuring a coordinated voice on key issues.

    The new membership brings together cultural institutions, trade bodies, creative businesses, regional leaders and sector representatives from across the UK’s creative industries, representing sectors and subsectors, such as film & TV, music and design. The Sector Plan’s themes of innovation, finance, skills and trade will underpin the work of the Creative Industries Council, and are priorities for the next year of activity.

    Culture Secretary, Lisa Nandy, said:

    The Creative Industries Council is vital to ensuring that we are effectively understanding and addressing the needs of the sector. Our ambition is that every corner of this country will flourish, cementing the UK’s position as a creative superpower. 

    We are committed to delivering the Creative Industries Sector Plan, as part of the Government’s Plan for Change, and the remodelled CIC will continue to play a critical role in that.

    Co-Chair of the Creative Industries Council, Peter Bazalgette, said:

    Our renewed Council, with refreshed representation from across our sub-sectors, regions and Nations, will drive forward the clear growth plan set out in the Government’s Industrial Strategy. And we’ll have lots of new ideas too… we are the creative sector!

    Co-Chair of the Creative Industries Council, Shriti Vadera, said:

    The refreshed and representative CIC will support not just delivery of the growth plan and the development of new policy, but also ensure we demonstrate to policy makers and the public the UK’s global strength in creative industries and their critical importance to the success of the UK economy.

    In the Creative Industries Sector Plan, published as part of the Industrial Strategy, the Government committed to reshaping the council, as part of the Government’s plan to strengthen its relationship with businesses. The Sector Plan outlines a vision to increase business investment in creative organisations from £17 billion to £31 billion by 2035 and  help creative businesses grow and create jobs. 

    The creative industries are rapidly changing and growing, and the new council format seeks to be more representative of the sectors as they are now, while strengthening the partnership it has with industry. This includes prioritising regional representation and addressing the concerns and challenges of the sector within the UK as well as growing exports as the third largest creative services exporter in the world.

    The Department for Business and Trade has also appointed the new Creative Industries Trade & Investment Board (CITIB) chairs, Michael Frohlich, CMOP at WPP, and Francesca Hegyi, Chief Executive of Edinburgh International Festival. They will work together to facilitate collaboration between the public and private sectors and ensure the creative industries contribute effectively to the UK economy. 

    Minister for Trade Policy Chris Bryant said:

    Our creative industries are world-leading, and we’re championing them as a cornerstone of growth in our modern Industrial Strategy.

    A revamped Creative Industries Trade and Investment Board will help strengthen our international trading relationships, boost exports and attract inward investment to grow our economy. Congratulations to Francesca and Michael on becoming our new Co-Chairs – their experience and passion will be invaluable.

    Working group leads will sit on a core steering group who will strategically drive the CIC’s progress, prioritise practical action and help to shape the sector-wide narrative.

    ENDS

    New membership of the Creative Industries Council

    Co-Chairs

    • Culture Secretary, Lisa Nandy
    • Business Secretary, Peter Kyle
    • Baroness Shriti Vadera
    • Sir Peter Bazalgette

    Working group leads

    • Stephen Pegge OBE, Director UK Business Angels Association (Access to Finance)
    • Sinead Rocks, Managing Director of Nations & Regions, Channel 4 (Workforce)
    • Sara Pepper, Co-Director, Creative Economy Unit at Cardiff University (Innovation)
    • Michael Frohlich, CMOP at WPP (Co-Chair of the CITIB)
    • Francesca Hegyi, Chief Executive of Edinburgh International Festival (Co-Chair of the CITIB)

    Members

    • Creative Industries Minister, Ian Murray
    • Tom Adeyoola, Executive Chair of Innovate UK 
    • Deborah Annetts, Chair, Creators Rights Alliance
    • Hasan Bakhshi, Director, Creative Industries Policy and Evidence centre
    • Jade Beason, CEO of the Creator Project
    • Tracy Brabin, Mayor of West Yorkshire
    • Lee Brooks, Production Park
    • Prof. John Collomosse, Principle Scientist, Adobe
    • Dan Conway, CEO, Publishers Association
    • Jon Gilchrist, Chief Executive, Birmingham Hippodrome
    • Dan Guthrie, Director General of Alliance for IP
    • Sophie Helm, Co-Founder of Manchester Contemporary and Manchester Art Fair
    • Darren Henley, CEO, Arts Council England
    • Tom Kiehl, CEO, UK Music
    • Alison Lomax, Managing Director, YouTube
    • Deepa Mann-Kler, CEO, NEON
    • John McVay, CEO, PACT
    • Natalie Melton, Executive Director, Craft Council
    • Keith Merrin, Deputy Chair, National Museums Directors Council and Director North East Museums
    • Minnie Moll, CEO, Design Council
    • Iain Munro, CEO, Creative Scotland
    • Caroline Norbury, CEO, Creative UK
    • Paula Orrell, Director, CVAN
    • Nick Poole, CEO, UKIE
    • Catryn Ramasut, Director of Arts, Arts Council of Wales
    • Rhuanedd Richards, Interim Nations Director, BBC
    • Ben Roberts, CEO, BFI
    • Mick Ross, CEO, Generator
    • Christopher Smith, Executive Chair, AHRC 
    • Chloe Straw, CEO, AudioUK
    • Alison Tickell, CEO, Julie’s Bicycle
    • Dr Valerie Vaughan-Dick, CEO, RIBA
    • Chris Van Der Kuyl, CEO, 4J Studios
    • Claire Walker / Hannah Essex, Co-Chief Executives, SOLT/UKT
    • Laura Weir, CEO, British Fashion Council
    • Richard Williams, CEO, NI Screen
    • Stephen Woodford, CEO, Advertising Association
    • Freelance Champion, to be appointed

    The new CIC will establish working groups, with leads sitting on the council, who will develop and take forward proposals in areas of key strategic importance to drive growth across the Creative Industries, as detailed in the Creative Industries Sector Plan:

    Innovation: Accelerate Innovation-led growth

    Access to Finance: Secure growth finance for creative start-ups and scale-ups

    Workforce: Build a resilient workforce fit for the future 

    Trade and exports: Via the Creative Industries Trade & Investment Board: Increase trade and inward investment

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  • New doctoral training programme set to tackle environmental challenges through engineering biology

    The Biotechnology and Biological Sciences Research Council (BBSRC) has
    announced the Engineering Biology for Environmental Applications Doctoral
    Focal Award (ENGBIO4ENV), a first-of-its-kind training programme in the UK.

    Part of the Cranfield University-led UKRI Environmental Biotechnology Innovation Centre, the ENGBIO4ENV programme has been designed to take the
    transformative advances made in engineering biology over the last few years
    and translate them into practical, real-world solutions.

    The programme will do that by adopting a systems-level approach rather than
    focusing on isolated disciplines. This will equip researchers with the
    interdisciplinary skills needed to transition between academia, industry and
    government.

    ENGBIO4ENV will train 52 doctoral candidates to tackle these key areas:

    • Drive the UK’s transition to a circular bioeconomy and net-zero
      economy.
    • Develop field-ready biotechnologies for pollution remediation,
      resource recovery, and real-time environmental monitoring.
    • Lead in sectors such as bio-based green economy, environmental
      resilience, clean growth, and data-driven environmental governance.
    • Address critical skills shortages in microbial community
      engineering, AI-driven bioprocess optimisation, bespoke biosecurity
      solutions, and process scale-up for industrial applications.
    • Influence policy through robust environmental techno-economic and
      risk assessments.

    Frederic Coulon, Professor of Environmental Chemistry and Microbiology at
    Cranfield University, said: “This is a fantastic opportunity for
    early-career researchers to make an impact in an area where the UK has a
    clear skills gap to fill.

    “The ENGBIO4ENV programme has been co-designed by 25 industry and Government
    partners to make sure that graduates have the skills needed to contribute in
    whatever area they choose. The programme goes far beyond a traditional PhD
    and also offers a variety of tailored career development activities, which
    will aid all students in their transition between studying and the world of
    work.”

    Professor Anne Ferguson-Smith, BBSRC Executive Chair, said: “Through these
    investments, UKRI is strengthening the UK’s leadership in critical
    technologies while creating meaningful opportunities for businesses,
    researchers and regions across the country. The industrial doctoral
    landscape awards and doctoral focal awards will equip a new generation of
    talented researchers with the skills to drive innovation, support
    high-growth sectors and improve lives.”

    The ENGBIO4ENV programme also includes researchers from
    Brunel University of London, Newcastle University, the University of Glasgow
    and the University of Southampton. It is further supported by the National
    Measurement Laboratory and the National Physical Laboratory. With global
    partnerships in the USA, Japan, Spain, Brazil, and Ireland, ENGBIO4ENV will
    enable the UK to share its expertise, adopt international best practices,
    and sustain its leadership in engineering biology and environmental
    biotechnology while applying those areas to tackle environmental challenges.

    The ENGBIO4ENV doctoral focal award is supported through the UKRI
    Engineering Biology initiative, with the Natural Environment Research
    Council acting as the direct sponsoring and administering council for this
    award.

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