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Economy

More than 11,000 firms in North East in distress, report says
Economy
Red Flag Alert from Begbies Traynor shows the North East bucking some national trends
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International corporate drops £400m bid for Evans Halshaw and Stratstone group
Deals
Last year Pendragon Group made pre-tax profits of £83 million on sales of almost £3.5 billion
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Analysis: Experts say Next Plc will do ‘best possible job’ of managing challenges as cost of living bites
Retail & High Street
'Next isn’t just playing a game here either, it is likely that things will get tougher before they get better'
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Next Plc basking in strong sales thanks to long hot summer
Fashion
But there was a warning that sales could slip as warm weather subsides and soaring inflation hits consumer spending
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How soaring inflation is also hitting the Welsh Government
º£½ÇÊÓƵ Government
The Welsh Government's request for more º£½ÇÊÓƵ Government funding is unlikely to be heeded.
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Second bid for levelling up cash to support Tyne offshore and subsea sectors
Employment
Newcastle City Council wants the money for projects it says are key to safeguarding the future of the burgeoning sector
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The projects which make up the much talked-about £1bn regeneration programme in Swansea
Swansea Bay City Region
Richard Youle assesses the status of £1bn worth of projects aimed at transforming Swansea
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Wanted: New members to join North Notts BID board
SMEs
BID starts a second term in September and is looking for fresh talent to help deliver its next five-year business plan
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The future of the Welsh town with the lowest economic growth in a decade
Economy
Llanelli has seen the lowest economic growth in Wales in the last decade and, while there are some good signs for the future, what that future should look like is still being decided
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Hoteliers urge Sunak or Truss to cut VAT amid soaring energy and food prices
Hotels
The Bristol Hoteliers Association said the price of steak, flour and dairy products has risen sharply in recent months
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Cardiff economy thriving but lags on high wage employment says report
Economy
The Welsh capital is leading on GDP per capita but falling behind the º£½ÇÊÓƵ and London on average earnings
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Virgin Money boosted by new account openings as lending tightened up amid higher cost of living
Finance
The lender said credit card spending was above pre-pandemic levels
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Cornwall's lithium and tin mines 'vital' to º£½ÇÊÓƵ economy, says government
Economy
The Department for Business, Energy and Industrial Strategy has published its first Critical Minerals Strategy
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BIG INTERVIEW: New Leicester and Leicestershire Enterprise Partnership head Sue Tilley says she will keep supporting business despite No10 upheaval
Local Enterprise Partnership
'We are realistic enough to know that our role is changing and that we need to change with it'
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Anne-Marie Hunt promoted to head of corporate banking for NatWest in the West Midlands
Finance
New Birmingham job sees her heading team looking after companies with £25 million-plus turnovers
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York and North Yorkshire devolution deal welcomed by business groups
Economy
The unveiling of the devolution deal has been announced on Yorkshire Day
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Tyneside recruitment firm Jackson Hogg introducing four-day week
Economy
The firm hopes the move will help it attract staff as it expands its operations
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L&G boss calls for action as cost-of-living worsens regional divide
Economy
Nigel Wilson was speaking after the investment firm published its annual Rebuilding Britain Index
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South West leads º£½ÇÊÓƵ in exports to China, study finds
China
The region saw the biggest annual rise in trade with China in the last quarter of 2021 than any other part of the country
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Exclusive: New Poundstretcher CEO Derek Lawlor says discount stores vital for families in cost of living crisis
Retail & High Street
New boss won’t rule out future sale of business but priority now is to be ‘best Poundstretcher we can be’
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Staff at North East gaming studio Double Eleven get £2,500 pay boost amid rising cost of living
Creative & Digital
The reigning North East Company of the Year has given all its workers the raise, regardless of salary level, backdated to April
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South West business confidence lowest in º£½ÇÊÓƵ, survey finds
Economy
Firms in the region battling inflation registered the lowest reading on the Business Barometer from Lloyds Bank Commercial Banking for a second consecutive month
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Jobs saved as pandemic hit North Wales firm bought out of administration in pre-pack deal
Employment
Sandycroft-based Fabricom Janus Neill Limited was badly impacted by Covid-19
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Home From Home Care gives workers 10.5% pay rise
Employment
Management say all 500 of its staff will have benefitted from the rise in pay to help with cost of living
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