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Economy

South West retailers say interest rates and inflation will hit peak trading in run-up to Christmas
Retail & High Street
Inventory Planner, which supplies forecasting and planning software for businesses, surveyed 500 retailers
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North East business leaders push Government to deliver on 'levelling up'
Economy
Experts from the North East Chamber of Commerce have written about subjects including skills, transport and public health
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Amazon invests over £2.1bn Bristol, Bath, Gloucestershire and Wiltshire
South West
The figures from Amazon º£½ÇÊÓƵ Economic Impact Hub show the company's regional investments across the º£½ÇÊÓƵ since 2010
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Small business confidence falls in South West, according to FSB
SMEs
The Federation of Small Businesses (FSB)’s quarterly confidence report is a regular snapshot of how small businesses are coping
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Logistics giant Wincanton reports drop in half-year profit and revenue
Company Results
Bosses at the Wiltshire-based firm cited ‘persistent inflationary pressure, elevated interest rates and weakened consumer confidence’
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World's biggest luxury watch retailer Watches of Switzerland plans to double sales and profits
Fashion
US growth is key while º£½ÇÊÓƵ expansion will include first De Beers boutique outside of London
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East Midlands Airport to hold ‘speed dating’ business event to match local firms with clients
SMEs
Businesses can register now for the inaugural ‘Meet the Buyers’ event on January 25, 2024
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Welsh universities cannot prosper if they are shortchanged
Wales
If universities have to make substantial cuts in their budgets, what impact will this have on the future of the Welsh economy?
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Reaction as Bank of England base rate remains unchanged
Economy
The Bank of England has held the base rate, which influences the interest rates offered by banks and lenders, at 5.25%
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Humber Freeport invests almost £25m in seven key economy-boosting projects around the Energy Estuary
freeports
Seed capital provided by government has been allocated in early action by new organisation with hundreds of jobs eyed
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Better autumn sales help Next Plc raise its profit outlook
Retail & High Street
Sales turned around in the second half of last month after an unseasonably warm September
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Logistics firm Wincanton welcomes new senior independent director
Appointments
The Wiltshire-based supply chain manager previously announced changes to its board of directors in May 2023
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Distress levels rise for Humber businesses with state of the economy pushing many to the brink
Economy
Red Flag Alert data underlines worrying level of financial pressure being applied
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Leicester City Council warns bankruptcy a ‘real prospect’
Local Government
Peter Soulsby, ‘without a serious rethink from the Government, we are rapidly running out of options'
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South West business confidence reaches highest level this year, according to latest Lloyds research
South West
According to the latest business barometer business confidence rose by 26 points to 47%
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'Hospitality cannot be sustained in this environment': Sacha Lord makes Autumn Statement demand
North West
Sacha Lord was appointed by Andy Burnham in 2018 and joined the Labour Party last year
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Tech South West launches Angel Investor Programme to address funding gap and foster innovation
Economy
The programme is set to play a "pivotal role" in driving economic growth and is expected to generate £2.8m of angel investment
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Sunak told to get his act together and set date for Midland Mainline electrification
Transport
‘If we’re not proceeding with high-speed rail then we must upgrade our existing infrastructure as a matter of urgency’
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Wilko products go on sale at The Range as it brings brand into its º£½ÇÊÓƵ stores
Retail & High Street
The Wilko brand, website and intellectual property was bought by The Range for £5m
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Revised plans for St Ives Premier Inn submitted to council
Hotels
Premier Inn owner Whitbread said the hotel could deliver 30 permanent all-year-round jobs and contribute £10m to the economy
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Business confidence in the South West falls into negative territory, according to report
Economy
Sentiment tracked by ICAEW's Business Confidence Monitor put confidence at -3.2
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More East Midlands companies failing, new data suggests
Insolvency and Administration
Insolvency activity – including liquidator and administrator appointments and creditors’ meetings – rose a third last month
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Businesses urged to join Nottingham homeless sleepout
Housing
CEO Sleepout chief executive Bianca Robinson hopes it will raise £50,000 wants 20 more people to sign up
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Somerset shopping centre and bus station on the market for £1.75m
property news
The site comprising the Glovers Walk shopping precinct and Bus Station are said to represent a redevelopment opportunity
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