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Economy

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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Aldi to open new Gloucestershire store delivering up to 40 jobs
Retail
The budget brand is Britain’s fourth largest supermarket with 1,000 stores and over 40,000 colleagues, plus 14.6m customers
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Bristol hoteliers join call for business rates support from Chancellor
Hotels
The Bristol Hoteliers Association (BHA), which represents 40 hotels in the city, has said it plans to write to local MPs
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ProCook sales continue to fall in ‘difficult’ trading conditions
Company Results
The Gloucestershire firm sells its kitchenware online and at more than 50 º£½ÇÊÓƵ stores
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Falling sales and cuts to investment but North East firms' confidence improves
Economy
The quarterly survey from the North East England Chamber of Commerce points to a mixed picture for businesses in the region
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Telecoms giant Nokia to axe 14,000 jobs in bid to cut costs
Employment
The global tech firm has º£½ÇÊÓƵ offices in Bristol, Cambridge and Reading
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Wiltshire motocross bike dealership closes due to difficult trading conditions
Insolvency and Administration
Administrators said five jobs had been lost with the closure of the Salisbury branch of Holeshot Motocross
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