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Economy

º£½ÇÊÓƵ economy shrinks: Companies slam government and call for 'drastic action'
Economy
Businesses have warned the situation is worse now for many firms than it was during the pandemic
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Marks Electricals sales on the up despite tough market
Retail & High Street
Products that saw strong demand included televisions, vacuum cleaners, washers and dryers and air conditioning units
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Next Plc boss Lord Simon Wolfson leaves Deliveroo board as takeaway giant says losses growing
Retail
Lord Wolfson is the longest-standing FTSE 100 boss having been chief executive at Next since May 2001
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Octopus Energy boss says blackouts unlikely this winter as he urges No 10 to help out families
Energy
Greg Jackson: ‘The last support package was really significant. It’s just that the crisis has deepened since then’
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South Lincolnshire Food Enterprise Zone hub completed
Food and Drink
Food sector said to be the fastest growing sector in the º£½ÇÊÓƵ and employs more people than any other industry
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Next planning strategic stake in struggling Joules
Deals
Reaction: Market analyst says potential tie-in is a win-win for both retailers
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Plymouth bids for £20m investment to transform port and waterfront
South West
The city council is hoping to secure cash from the government's Levelling Up Fund
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Business confidence falling in North East, Yorkshire and Humber, survey finds
Economy
The Small Business Index from the Federation of Small Businesses found a big drop in business confidence during the second quarter of 2022 as costs rose sharply
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Cardiff is the º£½ÇÊÓƵ capital for new businesses
Economy
The city has the highest positive balance in the º£½ÇÊÓƵ between business births and deaths
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Thousands of Welsh firms in significant financial distress
Economy
The latest Red Flag Alert research from Begbies Traynor covers the second quarter of this year
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Chamber urges next PM ‘We need your help’ as inflation and rate rises prompt recession fears
Chamber of Commerce
Chamber says there is hope of improvement in the medium to long term – if they get the support urgently needed
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NatWest survey shows East Midlands economy contracting
Economy
However job numbers up and rate of cost inflation said to have eased to ten-month low
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Welsh private sector sees marginal growth in July as business activity slows
NatWest
The latest PMI data from NatWest Bank showed there was a marginal upturn in output across the Welsh private sector
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'Increasingly gloomy outlook' for South West firms as rising inflation bites
Economy
Business activity in the region was "muted" in July
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North East business activity falls at fastest rate in 18 months, survey says
Economy
NatWest North East Business Activity Index measures changes in the region's manufacturing and service sectors
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Yorkshire and Humber business activity falls to lowest level in 18 months
Economy
The NatWest Business Activity Index measures the output of the region’s manufacturing and service sectors
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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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