Lick Frozen Yogurt scoops £7k national export prize

Brighton-based Lick Frozen Yogurt - whose customers include Sainsbury’s, Waitrose and Tesco - is savouring success after clinching the top prize in a national export competition.

The business, whose dynamic export vision is making inroads into markets in the Gulf and South East Asia, wowed the judges with their plans for international business growth at Open to Export’s Action Plan Showcase Competition Final at the Going Global exhibition at London’s Olympia.

Nine SMEs savour shortlisting success in national export competition

A brewery, a pasta producer and a plant hire company are among nine dynamic finalists who have been shortlisted from over 40 companies for Open to Export’s Action Plan Showcase Competition Final.

Each company will present their plans for international business growth to a panel of expert judges at London Olympia on Thursday 17 November for a chance to win £3k cash as well as a further £4k website redesign courtesy of Yell.

EQT completes acquisition of GB Railfreight

Private equity group EQT Infrastructure II has completed the acquisition of Groupe Eurotunnel’s (GET) freight subsidiary GB Railfreight (GBRf).

The deal, which was announced on November 15, has a value of €180m and was made through an indirectly-owned company within Sweden’s largest private freight operator Hector Rail Group.

GET acquired GBRf in 2010 for £25 million and has more than doubled its activities, leading to forecast revenues of approximately £125 million whilst at the same time significantly improving its profitability.

Better enforcement needed to cut mobile phone use, says FTA

Plans to double fines and penalties for using a hand-held mobile phone while driving send a strong signal to drivers – but better enforcement is essential, says the Freight Transport Association (FTA).

The Department for Transport (DfT) has released its response to the consultation on ‘Penalties for use of a Hand Held Mobile Phone Whilst Driving’. DfT proposes that offenders receive:

Second cargo-only service launched at Heathrow

Heathrow will welcome its second cargo-only service, AirBridgeCargo Airlines (ABC), to the airport this week.

The service will offer 100 tonnes of additional cargo capacity per week to Heathrow, which is already the country’s biggest port by value.

The news will be welcomed by British exporters who face a shortage of space in aircraft holds going to long-haul destinations. The squeeze is most pronounced on routes to Asia, a region where consumer spend is expected to reach $32 trillion by 2030.

Cautious welcome for Heathrow expansion

The freight and logistics sector broadly welcomed the news today that the government has agreed to expand air capacity at Heathrow.

The scheme to build a new runway at Heathrow – the first full length runway in the south-east since the second world war – will now be taken forward in the form of a draft ‘National policy statement’ for consultation next year.

EQT launches bid for GB Railfreight

The Eurotunnel Group (GET) has received a binding and irrevocable offer from Swedish private equity group EQT Infrastructure, for the potential acquisition of its subsidiary, GB Railfreight (GBRf), the third largest rail freight operator in the UK.

The offer, submitted through an indirectly owned subsidiary of Hector Rail Group, Sweden, is part EQT’s strategy to create a “leading independent pan-European rail freight operator”.

TyreSafe launches dramatic video showing dangers of low tread depth

Tyre safety charity TyreSafe has launched a new 360° video that depicts the startling difference in braking distances between tyres just below the legal limit and those with full tread.

Designed to immerse viewers in the action, TyreSafe 360  builds to a climax as the test car careers through a purpose-built wall – out of control and unable to stop in time.

French military in Calais as ‘Jungle’ dismantling process begins

The Road Haulage Association has welcomed the news that the French military are now being deployed to carry out security checks on HGV trucks at the port of Calais.

Export industry experts lined up for IOE World Trade Summit 2016

Industry experts from the world of export and international trade are set to speak at the Institute of Export’s World Trade Summit in London next week.

The event, entitled ‘Commonwealth & Beyond’, brings together a powerful line-up of speakers from organisations such as UKEF, Barclays and AIG, and includes a keynote speech from Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council and former government Trade Envoy.