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Economy

Eurovision to 'boost Liverpool's economy by £40m' as visitors prepare to spend big
North West
The grand final is set to take place at the M&S Bank Arena on Saturday, May 13
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The rise of social businesses in Wales
Economy
There are 2,828 businesses in the sector representing 2.6% of all Welsh firms.
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Business confidence in the South West reaches highest level this year according to latest Lloyds research
Economy
According to the latest business `barometer overall º£½ÇÊÓƵ business confidence reaches a 11-month high
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Mattioli Woods takes big stake in Lincoln mortgage specialist White Mortgages – with option to buy the lot
Deals
White Mortgages was founded in 2011 and provides independent mortgage advice
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Opinion: Chris Hobson of East Midlands Chamber says the green shoots of recovery are finally poking through
Economy
'Sales are steadily growing, cashflow is improving and price pressures continue their gradual drop-off'
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Redundancies planned at Joules HQ
Fashion
Next teamed up with Tom Joule to buy Joules out of administration for £34 million last December
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South West firms told to stay ‘vigilant’ as insolvencies hit three-year high
Insolvency and Administration
Restructuring trade body R3 said an increasing number of owners were choosing to close their businesses amid a ‘turbulent trading climate’
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Investment in management and digital skills is key to boosting productivity
SMEs
The latest Productive Business Index shows investment in these areas could improve the business performance of SMEs
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Midlands insolvencies up a third on last year due to inflation, energy bills and interest rate rises
Economy
However corporates in general have fared much better than the doom and gloom predicted in 2022
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The huge economic impact of WWE's ‘Clash at the Castle’ event in Cardiff revealed
Wales
The º£½ÇÊÓƵ’s first major WWE stadium event in 30 years, hosted by Wales, attracted a global audience of millions
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Falmouth Docks & Engineering Company secure almost £1m of funding, which could create 2,000 jobs over the next 10 years
Environment
The A&P owned docks in Cornwall will explore options for its potential redevelopment, supporting the production of cleaner energy from floating offshore wind in the Celtic Sea
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Dunelm investing in success despite challenging economy
Retail & Consumer
CEO says customers continue to appreciate 'quality and value across the Dunelm range'
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Business confidence in the South West recovers slightly, but remains fragile
Economy
ICAEW Business Confidence Monitor found that domestic sales growth in the South West was the slowest in the º£½ÇÊÓƵ, rising at 3.7% a year
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Big jump in profits at Evans Halshaw and Stratstone group
Automotive
Margins on new cars up almost 10% due to fewer discounts and manufacturers focussing on higher margin models
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West Midlands business confidence improving but fragile
Economy
Only businesses in the North West, Scotland and London less confident, due to inflation and high interest rates
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Late payments are a worry for three quarters of smaller firms, survey finds
Finance
Around a fifth of SMEs told Bath-based Time Finance that relationships with customers had been damaged by chasing up of money owed
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Ferries between Cornwall and the Isles of Scilly to receive £42m of private funding
Transport
New passenger and freight vessels could be introduced by March 2026
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CBI president Brian McBride on Brexit, freeports, AI and the crisis engulfing the business body
CBI
The CBI president says AI should be feared but should be seen as a force for good
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East Midlands jobless stays level but Chamber says Government must do more to help individuals and industry
Employment
Chamber CEO says economic inactivity 'continues to be a thorn in the sides of many employers'
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Estate agent group’s profits grow amid rising rent inflation
property news
The Property Franchise Group - whose brands include Martin and Co, Hunters and CJ Hole - said its lettings business had driven its ‘record’ results, amid a drop in property sales last year
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Over-stretched º£½ÇÊÓƵ fashion brand Just Hype bought by Birmingham investor in pre-pack deal
Fashion
82 jobs saved after youth fashion brand badly hit by cost-of-living crisis
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West Midlands a hot spot for employee fraud, says RSM
Crime
Reported employee fraud in the West Midlands hit almost £7.8 million in 2022
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Work completed on 1,000 homes as part of £326m Birmingham scheme
Construction
The tallest building is 15 storeys and the first residents are expected to move in later this year
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VisitEngland to reshape tourism in the South West through new partnership
South West
VisitWest hopes to deliver stronger leadership and strategies for the region in order to boost tourism economy
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