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Economy

Business activity increases in West Midlands but growth is slowing down - report
NatWest
The latest NatWest PMI report highlights that output grew in December but the rate of increase slowed significantly
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East Midlands job creation at near-record rate and confidence up despite Omicron, says NatWest survey
Economy
Solid upturn in business activity, tempered by spread of Omicron Covid variant and supply-chain disruption
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Private sector growth slows to ten-month low in December
East
Growth slowed for the second successive month due in part to a resurgence in the pandemic, the survey found.
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London output and new business rise at slowest rates in three months
London
The hit to the London economy from the Omicron variant was largely expected in December and had less impact than feared, according to the latest Natwest PMI report
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North East business activity falls further at the end of 2021, as Covid-19 impacts growth
Economy
The North East was the only º£½ÇÊÓƵ region to post a reduction in activity in the latest NatWest Business Activity Index
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South West economy slows as Omicron variant hits spending
NatWest
Latest regional PMI data from NatWest reveals people are more reluctant to spend since new Covid strain arrived in º£½ÇÊÓƵ
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Change in the world of work has slowed - but changing times are coming, report says
Employment
How long will it be until we’re all replaced by robots? Longer than we might think, according to a new report
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Overheads a concern for business as profit forecasts dip on the Humber
Chamber of Commerce
'High fuel prices, rising energy prices, and the first increase in the interest rate for 10 years all add to the burden'
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Retail footfall in Wales contracted in the key trading month of December
Retail & High Street
Footfall still well below pre-pandemic levels shows new research from the Welsh Retail Consortium
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Household wealth in Wales on the rise but still below º£½ÇÊÓƵ average
Wales
A new analysis of net household wealth of the º£½ÇÊÓƵ has been undertaken by the ONS
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Plymouth industrial estate sold for £4.45m
Commercial Property
London's Ace Liberty and Stone offloads the Willow and Holly Court units leased to Plymouth City Council
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Plymouth's Devonport Dockyard makes £58m profit despite submarine refit delay
Company Results
Covid-related delays to refuelling of Trident nuclear sub ate into profits at subsidiary of Babcock International Group Plc
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Market analysts reflect on how Next Plc is staying ahead of the pack – and potential troubles ahead
Retail & High Street
Fashion and homewares giant has warned wage rises, freight issues, and energy and mortgage rises could impact on sales
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How Spirax Sarco achieved business success during the pandemic
Gloucestershire Live Business Awards
Being able to flex its capacity to maintain efficient and sustainable production and having a diverse customer base were key to the continued success of Spirax Sarco during the pandemic
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Diving ace Tom Daley launches range of knitting kits
Retail
Olympic gold medal winner partners with London's LoveCrafts on kits designed to make woollens and help mental health
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Demand for party-wear boosts Christmas sales at Next Plc – tempered by warnings of inflation and stock shortages
Fashion
Fashion retailer warns of 6 per cent rise in selling prices by second half of 2022
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Think smartly and sustainably as you plan for a financially healthy 2022
Finance
Financial expert Peter McGahan gives some advice on ways to save on interest payments
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Plea for support as 'perfect storm' of inflation, Omicron and trade restrictions hit South West firms
Chamber of Commerce
British Chambers of Commerce South West says region's economy is under pressure and needs urgent help
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New inquiry launched into downgrade of HS2
Transport
Cross-party Transport Select Committee will examine issues related to last year's Integrated Rail Plan including decision to cancel Leeds leg of high-speed rail scheme
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Everards brewery sees £3.4m losses and sales down 50% on pre-Covid – but hopes of post-Omicron bounce-back
Food and Drink
Fresh Christmas slump comes after brewery provided landlords with £5.8m bailout since start of pandemic
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Historic Dartmoor hotel sold off £2.1m asking price
property news
Award-winning Mill End Hotel, near Chagford, changes hands
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First batch of battery-grade lithium produced at £3m Cornish pilot plant
Technology
British Lithium produces high purity lithium carbonate at Innovate º£½ÇÊÓƵ funded plant near St Austell
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Devon's Ted Wragg multi-academy trust continues growth by adding Plymouth school
Education
Exeter-based MAP now has 13 schools, in excess of 8,000 pupils and a budget of more than £35m a year
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East Midlands Review of the Year 2021: November and December
Economy
The final part of our look back at the big East Midlands headlines from 2021
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