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Economy

309 jobs affected as administrators appointed to manufacturers Bromford Industries and Accrofab
Insolvency and Administration
Both companies will continue to trade while the administrators seek buyers for the businesses and their assets
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Britain’s two biggest brickmakers see profits jump – but warn of 2023 slowdown
Manufacturing
Ibstock and Forterra both reported a 25 per cent jump in sales last year and even better profits growth
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PwC finds South West now second best place in the º£½ÇÊÓƵ for women in the workplace
International Women's Day
The region had been ranked as the best place in the country for women to work by the accounting firm for three consecutive years
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Sage and L&G chief execs join calls for Government to boost business investment
Economy
The prominent company leaders say more needs to be done to encourage businesses to invest and improve productivity
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Aim-listed Time Finance raises profit forecast amid positive trading and 'significant increases' in its lending book
Company Results
The Bath-based company reported ‘significant increases’ in its lending book and revenues during the third quarter
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Spring Budget: Hargreaves Lansdown says green economy and net zero must be at heart of government priorities
Climate Agenda
The Bristol-based financial services firm warned º£½ÇÊÓƵ was ‘lagging’ behind other countries when it comes to investment in green tech
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Highcross Shopping Centre goes into receivership
Retail & High Street
It follows multi-million pounds losses at Highcross, which is jointly owned by Hammerson and Asian investors
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Data platform firm DiffusionData to open Newcastle office after securing £1m funding
Technology
The company has received funding from the North East Development Capital Fund
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More homeowners pick Nottingham Building Society for their mortgages
Finance
Society lent more than £659 million to homeowners last year – 18 per cent up on 2021
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South West firms secured almost half a billion in VC funding in 2022
Finance
A KPMG report found almost half of the businesses in the region that secured investment were based in Bristol
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Leicester, Nottingham and Derby shop closures slowing
Retail & High Street
Sector partly helped by a bounce-back in businesses such as takeaways, convenience stores, DIY and pet stores
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Decline in North East retail slows with lowest shop closures for six years
Retail & High Street
Data from PwC and the Local Data Company a net closure rate of 122 in 2022
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Profits slump at builders’ merchant Travis Perkins forced 400 jobs to be cut and 19 branches to close
Retail & High Street
Northampton-based business made cuts from its 20,000-strong workforce and 1,500 branches
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St James’s Place eyes future growth after ‘challenging backdrop’ in 2022
Finance
The FTSE 100 firm said its underlying cash had reached an all-time high and it had continued to attract new business flows despite rising inflation, geopolitical uncertainty and investment market volatility
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Western Gateway boss says energy and rail ‘top of strategic priorities’
Economy
The cross-border organisation is made up of local authorities and local enterprise partnerships in the West of England and South Wales, and is designed to play a leading role in boosting the region’s economic fortunes
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South West to be º£½ÇÊÓƵ’s third-fastest growing region, EY report finds
Economy
Research from the financial services giant has forecast two South West cities will be among the º£½ÇÊÓƵ’s top cities for employment growth between 2024-26
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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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