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Economy
15:02, 18 MAY 2023
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£½ÇÊÓÆµâ€™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£½ÇÊÓÆµ, 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£½ÇÊÓÆµ 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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Orders picking up across the East Midlands according to company bosses as economy shows signs of strengthening
NatWest
Survey finds levels of optimism across the region at its highest in over a year
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Ripple Energy and RES partner on Britain's first shared solar park in Devon
Energy
Shared solar is a new, affordable and simple way for households to act on climate change and shrink their carbon footprint
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Inflation pressures easing on South West firms, NatWest study suggests
Economy
A survey of bosses across the region found business activity has continued to grow ‘modestly’
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North East business output rises for first time in nine months, research shows
Economy
Signs of confidence among regional firms though inflationary pressures and workforce reductions persisted
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Brain drain reversal powers on with Hull tech talks providing platform of influence
Technology
Praise from bigger city agencies for efforts to maximise East Yorkshire's digital community cluster
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Lack of quality infrastructure and skilled labour deepen SME rural-urban divide - BCC
Wales
Rural firms are still at a disadvantage compared to their urban counterparts across Wales and the º£½ÇÊÓÆµ, says Chambers Wales
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First quarter of 2023 brings more optimism for Humber businesses - Chamber
Economy
Survey data for the first three months of the year has been analysed with home sales much stronger and profit and turnover expectations up
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Big rise in value of exports but Wales still has a trade deficit of £3bn
Exports
Firms in Wales exported £20.5bn worth of goods to markets around the world in 2022
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