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Economy
12:56, 3 MAY 2023
South West recruitment issues as firms say rising wages drive up prices
Employment
Bristol-based chamber Business West’s survey of more than 300 firms in the region found labour costs were the leading source of inflation
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Portland Port insists its ‘business as usual’ amid migrant barge controversy
Politics
The Dorset port has agreed to provide berthing space for a vessel on which the government is looking to house hundreds of asylum seekers
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Transport upgrades could generate £52bn productivity boost for the economy, suggests TUC plan
Transport
TUC regional secretary Liz Blackshaw says investment in the North East and elsewhere in England would help meet net zero targets, create jobs and boost productivity
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Record revenues for Marks Electrical as sales near £100m
Retail & High Street
CEO says it shows strength of our business model and 'attractiveness and advantage of our market-leading customer offering'
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Brewery collapses increase amid range of pressures on independents
Food and Drink
Research nationally follows prominent North East beer makers becoming insolvent
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Bristol-based finance firm reports growth in SME lending
Finance
Ultimate Finance has said its has seen a rise in new business despite the uncertain economic outlook and higher interest rates
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Estate agent Pattinson reports bumper March as house price inflation and interest rates fail to deter buyers
property news
The Wallsend firm described a fall in the number of properties coming to market but more rented out
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North East space industry calls for further support of regional cluster
Technology
There has been parliamentary criticism of the Government's approach to the space industry
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Tech components firm Gooch and Housego's revenue rises by £16.9m
Company Results
The Somerset-based company said it had passed inflated input costs from its supply chain on to its customers
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Construction company signs deal for £500m University of Bristol campus at Temple Meads
Economy
Temple Quarter Enterprise Campus will welcome 4,600 students and 650 university staff in 2026
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Proposed North East devolution deal backed by regional Chamber
Economy
Chamber of Commerce wants new mayor to prioritise investment in transport and skills
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Business confidence in the South West rises for the first time in 2023
Lloyds
Across the º£½ÇÊÓÆµ, business confidence has reached its highest level since May last year, according to a report from Lloyds Bank
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Councils vote in favour of East Midlands Devolution – now it’s up to Government to say yes
Local Government
Election of a regional mayor covering Derbyshire, Nottinghamshire, Derby, and Nottingham could take place in May 2024
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Labour shortages challenge North East companies but confidence remains
Economy
RSM economist Tom Pugh was in Newcastle this week to speak to North East businesses
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North East Fund extended to end of year - with extra £10m available
Economy
The business support fund first launched in 2018 had been due to close at the end of March but will now run longer
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LV= losses deepen as insurer's savings and retirement profits halve
Company Results
Bosses at the Bournemouth-based mutual said the 180-year-old firm was 'not immune' to current economic challenges
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Surge in Welsh business confidence shows latest Lloyds research
Economy
Business confidence for the º£½ÇÊÓÆµ as whole is also up
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Cornwall Council releases details on its delayed devolution survey
Economy
There was a significant inclination by younger people to support the deal with a mayor, compared with our older residents
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Next Plc says price rises set to ease in year ahead
Fashion
Group also says it is open to further deals after snapping up rights to Cath Kidston
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Next acquires Cath Kidston for £8.5m
Retail & High Street
Next said it had agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd
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Strong Christmas demand for beauty products drives Boots sales
Retail & High Street
'More people are choosing to shop with Boots, largely thanks to our focus on value and our market-leading beauty offer'
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Legal and General report warns on health of North East economy
Economy
The investment group's Rebuilding Britain Index finds that efforts to level up the º£½ÇÊÓÆµ have so far failed
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Put entrepreneurs front and centre to revive global economy post-pandemic
Economy
Entrepreneurship brings jobs, turns ideas into new goods and services, and hastens structural change
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Big Interview: Everards Brewery MD Stephen Gould on hotel plans, the price of a pint and his retirement plans
Food and Drink
Pub and beer group is looking for a hotel operator for the next phase of its Everards Meadows site in Leicester
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