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Economy

The equity release myths and your questions
Finance
Peter McGahan, chief executive of Cornwall-based Worldwide Financial Planning, addresses ‘a few old tales’ circulating around equity release
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Women founded 8,255 South West companies in 2022 - Rose Review
Economy
The study, conducted by NatWest chief executive Dame Alison Rose, found female founders across the º£½ÇÊÓƵ started more firms last year than ever before
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FSB issues five-point wish list for Chancellor Jeremy Hunt's Budget 2023
North West
The last full Budget was presented by Rishi Sunak in October 2021
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Tech components firm Gooch and Housego expects inflation to hit profits
Engineering
The Somerset-based manufacturer said it had made 'steady' progress in reducing lead times after increasing production capacity
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Sage CEO says French tech competitiveness is a 'wake-up call' for º£½ÇÊÓƵ Government
Economy
Boss of the accounting giant calls for a range of measures ahead of next month's Budget
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Cost of Hinkley Point C nuclear plant could inflate to more than £30bn
Construction
The plant’s developer, French energy giant EDF, updated investors amid rising prices for building materials and labour
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Pub group boss slams government and suppliers on energy ‘scandal’
Energy
The chief executive of The Liberation Group - the parent firm of brewery and pub brand Butcombe - warned this year could be 'one of the worst seen' for pub closures across the º£½ÇÊÓƵ
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Energy giant EDF's profits up in the º£½ÇÊÓƵ due to higher prices
Energy
Despite this, the French state-backed firm - which is behind the Hinkley Point C nuclear power station in Somerset - said its British business recorded an overall operating loss
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Wilko cutting equivalent of 400 jobs in 'fight for survival'
Employment
'We've identified significant changes to the Wilko operating model to enable us to stabilise the business and then thrive again'
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East Midlands jobless count seems to be dropping back
Employment
Regional jobless figure was lower than the 3.7% national average, according to Office for National Statistics data
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Hargreaves Lansdown profits up despite market turbulence
Company Results
The Bristol-based financial services firm reported growth despite ‘challenging external conditions and low investor confidence’
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Profits down at Dunelm as inflation continues to bite
Retail & High Street
But one analyst said 'a drop off in first-half profit at Dunelm isn’t causing undue alarm' after getting the 'basics of retail right'
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North East experts warn that "insolvency dam has burst" in 2022
Insolvency and Administration
R3 organisation was speaking after a big rise in corporate insolvencies in 2022
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Tributes paid to ‘kind and conscientious’ former LLEP CEO Mandip Rai
Local Enterprise Partnership
“He was a hugely valuable part of the LLEP team…. and was greatly liked and admired by all who knew him’
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Cheese producer Wyke Farms profits up despite increased costs
Company Results
The Somerset-based business saw global sales of its cheese and butter increase
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Rocky start to 2023 as Welsh business activity contracts faster than º£½ÇÊÓƵ average
Wales
But business confidence reached a six-month high
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North East restaurateur closes River Beat as rocketing costs take toll on business
Restaurants
Andrew Drape invested heavily in the Gateshead Quayside restaurant eight years ago but a raft of factors has led to its closure
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NatWest hints at green shoots of recovery in East Midlands
Economy
Business confidence hit an eight-month high in January according to NatWest survey
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North East manufacturing and services output tumbles but optimism on the rise
Economy
Research from NatWest suggests the North East has suffered a steeper decline in business activity than the º£½ÇÊÓƵ average
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Downturn shallow as new year sees slight drop in regional business activity
Economy
Latest NatWest analysis of manufacturing and service sectors in Yorkshire and Humber
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South West business confidence for year ahead hits eight month high
Economy
Firms told a NatWest survey new product launches and firmer customer demand could lead to a strong recovery over 2023
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Tyneside construction giant Tolent facing huge financial issues
Construction
The company has been responsible for some of the region's most prominent recent building projects
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Firms must embrace flexibility to attract and retain workforce
Employment
The balance between the employer and employee has changed
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º£½ÇÊÓƵ narrowly avoids recession as economy flatlines at end of 2022
Economy
New figures for the last quarter of 2022 show a tiny level of growth, avoiding a second quarter of decline that defines a recession
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