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Economy

Digital connectivity could boost South West economy by £7bn, according to new research
Technology
Virgin Media O2 and Cebr have published new research, 'The Great Rural Revival'
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Plymouth's Sutton Harbour Group records losses in latest financial update
Company Results
The AIM-listed company blamed rising energy costs and rising interests rates
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Marshalls to cut 250 jobs as housing market slowdown hits sales
Construction
The Yorkshire firm is planning to close a factory in Scotland, with today's announcement following separate job losses last year
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Cornwall and Isles of Scilly LEP appoints vice chair
Appointments
Professor Emma Hunt will take on the role after the LEP decided not to appoint an external chair
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Leather goods firm Pittards could be sold after fundraising falls short
Finance
Bosses at the Somerset-based company said it had failed to raise £1m needed to continue trading
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Nottingham Building Society sees mortgage lending rise despite tough economic backdrop
Housing
CEO Sue Hayes, 'Our strong performance in a volatile economic environment demonstrates the progress we have made'
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Profits at Sports Direct and House of Fraser group double as empire grows
Retail & Consumer
Frasers expects profits to keep growing in the year ahead as “momentum” continues
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Retiring South West university head calls for tuition fee cap to be lifted
Education
The University of Gloucestershire’s outgoing vice-chancellor warned the current funding system for higher education was ‘broken’
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Yorkshire Building Society hails strong start to financial year as mortgages top £45.9bn
Company Results
The Society said the figures show it is continuing to support savers and borrowers to navigate current economic challenges
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Rural villages record highest rates of low-paying jobs in Wales
Wales
The cost of living crisis is affecting different local authorities in Wales in different ways, a new report shows
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Work starts on £61m expansion of NETPark set to create more than 1,250 jobs
Economy
Kier has been appointed to carry out construction of the third phase of the leading County Durham science park
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Government confirms Liverpool City Region as £320m investment zone
North West
A further six investment zones are to be announced in England
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North Cornwall surf and music festival gives £13,500 to schools in and around Newquay
Education
Boardmasters' organisers Vision Nine established the Boardmasters Foundation in 2017 and have since raised over £310,000
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Five new projects in line for multi-million pound boost in North Wales Growth Deal
Deals
The new projects could attract Growth Deal investment of around £28m
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Business confidence in South West higher than national average
Finance
ICAEW's latest survey showed business confidence was ahead of the region's historical average, but warned challenges remain
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Regional investment agency NGI helps create more than 1,300 jobs in year of activities
Employment
NGI’s social and economic impact report for 2022/23 also highlights how it helped to bring a raft of new companies to Newcastle
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North East tourism tops £5.4bn as region's fourth largest sector, latest figures show
Leisure & Touism
The figures follow on from the North East becoming the first-ever Government funded regional tourism pilot
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The Case restaurant in Leicester closes after 33 years
Restaurants
Owner David Hartshorn 'It’s been our life blood. Our passion. Our love.... Alas, we have no more to give'
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Roundtable in Newcastle highlights importance of digital advertising
Economy
Businesslive owners Reach plc hosted the discussion along with IAB Ƶ
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Sharp increase in number of South West profit warnings, according to report
South West
EY-Parthenon’s latest Profit Warnings report reveals the highest number of warnings since 2020
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SWIG Finance announces 'record breaking year' in latest impact report
Finance
SWIG Finance, which has offices in Truro, Exeter and Bristol, said over £14m was provided to SMEs across the South west
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Drax underlines £735m Ƶ GDP contribution as part of push for carbon capture
Energy
Selby and Ainsty by-election providing platform for policy push
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Sage boss Steve Hare among top business leaders appointed to PM's new Business Council
Economy
The new group has drawn criticism from the Federation of Small Businesses which says the Government should be more inclusive of smaller firms
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New gigabit broadband network in Devon will generate more than £1bn, according to study
Technology
The Connecting Devon report, published by policy institute Curia, was commissioned by South West internet provider Wildanet
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