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Economy

Nottingham and Nottinghamshire tourism now worth £2bn a year
Leisure & Touism
New report suggests that post-Pandemic the local tourism economy has bucked the tough economic backdrop
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Over 45,000 North West companies in 'significant financial distress'
North West
'Significant distress' refers to businesses showing deterioration in key financial ratios and indicators including those measuring working capital, contingent liabilities, retained profits and net worth
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Pittards looks for buyer amid union calls for government help
Employment
The troubled leather goods manufacturer, which is based in Somerset, employs around 150 people in the º£½ÇÊÓƵ and 900 in Ethiopia
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Asda points to own-brand product success as customers hunt bargains
Retail & High Street
The supermarket chain has reported a 9.6% increase in like-for-like sales in the last three months
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Unemployment in Wales the highest of any º£½ÇÊÓƵ nation
Economy
There are 452,000 of working people in Wales who are economically inactive
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Region back in growth mode after early summer stutter as laggard title dropped
Economy
Economic barometer returns to positive territory but question marks over sustainability raised
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South West permanent staff appointments down but starter salaries up
Employment
The jobs market reflects the "challenging trading conditions", according to the report by KPMG and recruitment industry body REC
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Torfaen the best in the º£½ÇÊÓƵ for business growth
Economy
New research from Oxford Business College shows Torfaen having the best positive net growth in the º£½ÇÊÓƵ
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East Mids business landscape levels but number of people in work is down, says NatWest industry survey
NatWest
Monthly PMI survey of business leaders suggests things locally are slightly worse than the º£½ÇÊÓƵ as a whole
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South West sales drop amid higher interest rates, NatWest reports
Economy
A survey by the bank found despite drop in activity job creation in the region rose at the quickest rate across the º£½ÇÊÓƵ
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North East firms experience half year slump as output falls faster than other regions
Economy
Inflation and rising interest rates were said to have stifled demand
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One set of good data doesn't mean the º£½ÇÊÓƵ economy is out of the woods yet
Economy
The question is whether inflation will decline over the coming months?
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East and West Midlands identified as a ‘High Investment Area’ in KPMG study
KPMG
Standout areas for investment include Amber Valley, Hinckley, Ashfield, Cannock Chase, Nuneaton, Stafford and Sandwell
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Why Wilko administration could be only way to secure jobs of 12,500 workers – but only if right buyer steps forward
Insolvency and Administration
Strategic failures led to Wilko’s demise – and industry experts say it won't be the last casualty in 2023
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Marks Electrical sales up almost a third
Retail & High Street
CEO Mark Smithson says they are 'laser-focused' on maintaining discipline on revenue, profit and cash
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Watches of Switzerland reports drop in early summer trading but still expects to beat last year’s record growth
Fashion
Watch sales stable but luxury jewellery sales down 15 per cent as consumers hold back
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Wilko stops home deliveries as it tries to avoid collapse
Insolvency and Administration
Homewares chain looking for a potential buyer to head off administration
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What Boardmasters 2023 means for the local economy as it kicks off in Newquay
Events
BusinessLive spoke with Cornwall Councillor for Newquay and local business owner, Cllr Louis Gardner about how the festival has grown and its continued contribution to the local area
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National Highways to invest £103m to improve South West roads
Transport
The funding will cover 75 schemes totalling almost 800 carriageway miles across the whole region during the current financial year
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Report reveals low pay blighting north Wales area
Economy
A report by the Bevan Foundation shows low pay and insecure work is exacerbating the cost-of-living crisis for those in Arfon
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Wales sees improvement in its economic competitiveness
Wales
The 2023 º£½ÇÊÓƵ Competitiveness Index has seen the majority of Welsh local authority areas improving over the last four years
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South West confidence stalls, Federation of Small Businesses finds
SMEs
A survey by the business group found that confidence in the region dipped in the latest quarter
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Swindon and Wiltshire LEP publish economic assessment for 2023
Economy
Swindon and Wiltshire's economy contributes £20.6bn to the º£½ÇÊÓƵ economy annually
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Business investment is critical to boosting the º£½ÇÊÓƵ economy
Economy
A new survey shows that º£½ÇÊÓƵ firms are determined to seize new opportunities despite difficult trading conditions
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