<p>Business Breakfast RECAP: Lloyds Banking Group marks landmark year as profits Jump 24 Percent</p>

Business Breakfast RECAP: Lloyds Banking Group marks landmark year as profits Jump 24 Percent

BrewDog to Start ‘world’s first’ craft beer hotel

BrewDog has announced plans to start the “world’s first” craft beer resort in Scotland next year.

The job of the brewery comes as part of an expansion.

New land has headed the first to be started in Scotland, although plans had been put ahead to start the DogHouse at America.

BrewDog co-founder James Watt stated:

The DogHouse is the present to enthusiastic craft beer fans making the pilgrimage.

The idea of launching a beer resort has always been high on our schedule, and now we’re finally able to realise fantasy, right here at our HQ. “This will be the best destination for craft beer fans seeking hops with their own holidays. This is a beer Nirvana.

The DogHouse is anticipated to get its first guests with mid-2019, with beer taps in every one of the 26 rooms, an integrated bath beer fridge and rooms overlooking the HQ.

BrewDog is opening the world’s first craft beer resort. (Image: BrewDog)

First ‘look inside’ Newcastle skyscraper Hadrian’s Tower – before it is even built

The High Street Group is presently developing the landmark 26-storey skyscraper at Rutherford Street, which is set to become one of the city’s most exclusive addresses for all residents in 165 luxurious apartments.

Tons of pictures of the way the towering structure will probably appear from the exterior have been released but, until now, we’ve had to wait patiently to find out the way the one and two-bedroom rental properties and tropical areas will appear inside.

Today, before the #40m job being showcased at premier property occasion Mipim in Cannes next month, investors from all over the world are being invited to purchase the firm, through Surrenden Invest.

The London-based company has introduced a raft of pictures as part of marketing materials issued to prospective investors, who are pledged a confident net yield of 7 percent through taking up opportunities with the undertaking.

Newly launched 26-storey luxury development Hadrian’s Tower is a game-changer for urban living at Newcastle

Lloyds Banking Group – additional branch closures not ruled out

Speaking at a briefing on the new strategy plan, Lloyds bosses did not rule out additional branch closures, but stated they would seem to maintain the largest share of bank branches in the united kingdom, now standing at 21%.

Chief executive Antonio Horta-OsorioHorta-Osorio stated: “I’ve always been a strong believer in branches. We’ll continue to possess the largest branch network in the country.”

People walk past a division of Lloyds Bank (Image: Getty Images Europe)

Gains reach #1.98bn at Barratt Developments

North East-founded housebuilder Barratt Developments has recently posted a solid set of results for the six months ended December 31 2017, with earnings rising 9.5% to #1.988bn.

The firm said its strong operational and financial performance has been driven by great customer demand, resulting in good increase in earnings before tax, up 6.8% to #342.7m.

Net private reservations are up 6.5% at a really strong 0.82 (2017: 0.77) per active outlet per average week along with the total forward earnings are up 2% to #3.077bn as of February 18.

David Thomas stated:

With great customer need, a healthy forward order book and a robust balance sheet, general we have had a solid first half and we also continue to deliver against our economic and operational objectives.

We enter our 60th year creating jobs, raising our housing output and encouraging economic development.

Having built more than 450,000 homes because 1958, Barratt stays focused on quality, layout and industry-leading customer support when delivering homes the country needs.

Barratt North East, Bedewell Court, Hebburn (Image: NJL)

FTSE 100 and budding newest

The FTSE-100 indicator started at 7246.77.

The pound at 8am was $1.3981 compared to $1.4022 at the previous close. The euro at 8am was 0.8812 lbs compared to 0.8816 pounds at the previous close.

A data screen showing the FTSE 100 at the London Stock Exchange (Image: PA)

Metro Bank articles first full year gain

Metro Bank has recently reported its first annual statutory pre-tax gain at #18.7 million for the year to December 31. That’s compared with a loss of #17.1 million a year before.

Metro Bank chief executive Craig Donaldson stated 2017 was a “fantastic year” for your creditor.

We’ve reported our first full year of globalization, had continued outstanding growth in the deposits (47 percent) and lending (64 percent), and also have the privilege now of looking after over one million customer accounts.

The back of the economy, for SMEs, Metro Bank will be the real competition into the incumbents that are large. In our existing heartland of London and the South East, we’re winning 17 percent of SME business current account switchers.

These companies are attracted to our convenient shops which are open seven days a week, together with our online and award winning mobile banking solutions and our 24/7 contact centres, which are supported by our amazing community business managers in each area we serve.

As we get into new markets across the country, we’ll continue to create more jobs and attract real competition and choice for personal and business banking clients.

Metro Bank

Ashington firm FES generates new projects after buying new production center

North East offshore specialist Flexible Engineered Solutions (FES) is creating 20 new projects after opening a brand new production center.

Ashington-based FES has delivered a substantial increase to its 50-strong workforce after investing in a brand new 25,000sqft manufacturing center in Cramlington, and it may become a training base to entice new skilled engineers into the sector.

The firm supplies fluid transport systems to petroleum and gas customers around the world and, until now, has out-sourced some of its own processes to other companies.

The opening of the plant in Cramlington means the business will be able to take out some of those processes in-house, such as fabrication and production.

But with its whole supply chain within a 25-mile radius of Ashington, some processes will continue to be out-sourced after the Cramlington centre is fully operational.

The huge site also provides the firm with the additional elevation required to create new products for oil and gas fields in increasingly challenging environments.

It will also function as a base for apprenticeship approaches and other training programmes, directed at nurturing abilities which are being dropped to the sector as members of its ageing workforce retire.

FES managing director Rob Anderson (Image: handout from www.crestphotography.co.uk)

Gender pay gap – Phase Eight remark on latest figures

On its website, style merchant Phase Eight says:

Whilst initial glance, our printed gender pay gap figures indicate the ordinary person has a greater hourly rate of pay than the typical female, this can be misleading and does not reflect the real story and culture within the Phase Eight business.

The figures result in the simple fact that, as a women’s fashion retailer, the staff in our shops are overwhelmingly feminine, although our company head office staff (whose pay rates are typically higher) are more evenly divided between men and women. Where this imbalance is not taken under consideration this will result in disparity across our results.

The CBI director general Carolyn Fairburn has been on Radio 4 this morning:

Gender pay gap: most firms pay men more than women, statistics show

Around 84% of companies which have demonstrated their gender pay gap statistics are paying man staff members more than women normally, the latest government data shows.

Over 1,000 businesses with 250 or more workers have published the cover amounts, which show that the gap at the average hourly bonuses and pay for male and female employees.

Based on average hourly earnings, the figures in the Equalities Office show 908 companies are paying men more than women, compared with 143 (13 percent) which are paying female employees more than their male counterparts, together with 30 (3%) saying there isn’t any gap in cover between the sexes.

Back in January, it has been demonstrated the mean hourly rate for girls was 52% lower than for men in the easyJet, although the figure stood at 33 percent lower at Virgin Money. At the time both companies said men and women in the roles were paid the same, and set the gender pay gap to getting more men.

Among those with the largest gender pay gap is clothes chain Phase Eight, where the hourly rate for girls is 64.8% lower than for men, and tourism company TUI on 56.9%.

At the other end of the scale, where girls are compensated more than male coworkers, producer Sweet Dreams leads the pack with the women’s hourly rate 46.4% greater than men, based on the average hourly rate.

Three Rivers District Council had an average hourly pay of 11% more for girls than men. The Government has made it compulsory to report yearly on their gender pay gap, along with the rest 8,000 are expected to release the initial set of information. The gender pay gap is different to “equal pay”, which deals with the pay gaps between men and women who carry the very same jobs.

The latest gender pay gap figures are all out – and many companies pay women less than men (Image: Philip Toscano/PA Wire)

AA issues profit warning

Auto insurance policy firm AA and breakdown recovery has warned that earnings will be lower than expected as it warms up business investments in the wake of a review.

AA is anticipating underlying earnings for the complete year to come in between #335m and #345m, down from previous forecasts for #390m.

AA chief executive Simon Breakwell explained the tactical plan will “unlock the full potential of the AA”. “It will choose the AA from a firm helping when you divide down to a really predicting when you could break down at the first location. “This plan will deliver frontline resource to enhance the efficiency, predictability and durability of the operations in addition to investment in game-changing expansion drivers – from Connected Car and Insurance. “These investments, while reducing our short-term adulthood, are vital to our long-term success. “I am certain the priorities we set out today will change our goods and service offerings to our clients by creating a truly revolutionary and differentiated product proposition which will deliver long-term shareholder value.”

The AA has issued a profit warning

Lloyds Banking Group hails ‘landmark year’

Lloyds Banking Group has hailed a “landmark year” as it posted a 24% surge in earnings and introduced plans to invest more than #3bn as part of a brand new three-year strategy.

The team reported bottom-line pre-tax gains of #5.3bn for 2017, up from #4.2bn at 2016.

On an underlying basis, profits rose 8 percent to #8.5bn. The gain increase comes despite a mammoth #1.7bn hit against the payment protection insurance (PPI) mis-selling scandal this past year, after Lloyds showed an additional #600m put by for compensation in the fourth quarter.

Boss Antonio Horta-Osorio also unveiled a fresh plan which will observe more than # 3bn is invested by the bank and concentrate on fostering its electronic capabilities.

This includes its “largest ever investment in individuals” because it seems to improve staff development and training by 50 percent to 4.4 million hours every year to embrace new technology.

The update follows the bank’s return to private possession summer, nearly nine years after being bailed out at the height of the crisis.

2017 continues to be a year in which the team has made significant advancement that is tactical and returned to complete ownership.

We have delivered a year of solid financial performance with enhanced profit and yields on both a statutory and underlying foundation and have now assembled the biggest and top rated electronic bank in the united kingdom.

Pay details released alongside the results also revealed that Mr Horta-Osorio saw his base wages increase to #1.2m #1.1m, along with additional gains to his long-term incentive plan and advantages.

It brings his total remuneration package to #6.42m, up from #5.79m.

Lloyds Banking Group chief executive Antonio Horta-Osorio