Hull Business Editions August 2018

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Wednesday August 1 2018

COULD £200M TRAIN DEAL BE DERAILED BY LEGAL EFFORTS?

LANDMARK BUILDING AND SURVEYING FIRM’S PLANS

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Investment in rail lines welcomed

FIRM FLUSH DESPITE A SINK IN TURNOVER PROFITS HAVE RISEN AT BATHROOM SUPPLIER IDEAL STANDARD By Phil Winter philip.winter@reachplc.com

from the previous year. Turnover at the company, which has a portfolio including household name Armitage Shanks, slumped from £149.4m to £147.6m though, as Ideal admitted a tougher sector.

Stephen Ewer, managing director of Ideal Standard UK, said: “These are pleasing results during challenging times in the sector and reflect the hard work and dedication of people at all levels of our company. “We have strengthened our position as brand leader in the

healthcare, ceramics and brassware markets, against strong competition, while also making gains in other non-residential markets as a result of project wins in a number of blue chip developments. “Having last year celebrated the

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PROFITS have risen at Hull-based bathroom supplier Ideal Standard, despite increased competition from rivals and toughening market conditions. The UK arm of the business, headquartered in National Avenue, has boosted its operating profits to £2.35m – up almost 15 per cent

TRANSPORT: Hull Trains has welcomed Prime Minister Theresa May’s announcement that almost £800m of investment will be pumped into the East Coast Main Line by 2020. The Department for Transport has announced that improvements will be made to platforms, tracks, signals and junctions across the route. Hull Trains joins the line between York and Doncaster, before travelling 169 miles to London. Louise Cheeseman, pictured, managing director for Hull Trains, said: “We are pleased to hear the announcement that improvements will be made to the East Coast Main Line. The route has been in need of investment for a number of years and upgrading the line to improve reliability will further benefit our customers. The enhancement works will be complete within a year of us introducing a new £60m fleet of trains, which will mean faster times and more seating capacity between Hull and the capital.” The investment comes as the Government re-affirms its commitment to the Northern Powerhouse.


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