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Economy

Christmas 2021 rail services hit by Covid staff shortages
Coronavirus
Operators blame Omicron variant for cancellations in the build-up to Christmas
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Tungsten West posts £5m loss as it heads for full production at Plymouth mine
Company Results
Company said deficit is to be expected at early stage of redevelopment of huge Hemerdon Mine tungsten, tin and aggregates resource
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Devolved administrations need budget flexibility to fund their own furlough schemes
Welsh Government
A new report says the devolved administrations need minimum funding guarantees by Westminster or enhanced borrowing powers
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South West business confidence dips as Omicron surges, report finds
Economy
Latest Business Barometer from Lloyds Bank Commercial Banking reveals firms remained upbeat but Covid concerns are growing
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Plymouth business bosses call for urgent Government aid as Covid restrictions deal 'hammer blow' to retail and hospitality
Coronavirus
Plymouth City Centre Company and MP Luke Pollard join calls for financial support to leisure, culture, retail, hospitality and tourism sectors as Covid and Omicron variant cause trade to shrink
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Konektio, which helps clients use Internet of Things to streamline operations, raises £2.1m in funding
Technology
Money will allow Konektio to develop its product, grow its sales and marketing team, boost overseas sales and add staff
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Cornish housing scheme designed to be among greenest in Ƶ
Environment
Developer Treveth wants 185-home project near Redruth to be whole life net zero for carbon emissions
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Newcastle Council leader to head national review of poverty and regional inequality
Economy
Poverty affects all corners of the Ƶ, but a Fabian Society Commission wants to examine its true effects
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Bank of England raises interest rates to 0.25% as inflation soars - and issues GDP warning
Economy
Monetary Policy Committee lifts rates from 0.1% and warns on Omicron effects on economy
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South West set for £15.5bn boost thanks to manufacturing exports
South West
A new report from Barclays Corporate Banking found British food and drink producers are reaping the highest financial rewards
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£450m North East electric battery gigaplant steps up a gear as contractors are appointed
Automotive
Wates Group and Turner & Townsend form the design and project management team, which is also involving local firms
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Business groups fear 'nightmare before Christmas' over Covid and price rises
Economy
Rising prices and the impact of the omicron variant are creating a “nightmare before Christmas” for thousands of companies, business groups say.
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South West manufacturers hit by 'eye-watering' inflation, report says
Economy
BDO/Make Ƶ survey shows escalating inflationary pressures are impacting on the region's factories but growth is predicted nonetheless
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Midas Construction wins place on £5bn public sector house-building framework
Construction
Firm set to benefit from being on procurement framework with covers its South West bases
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Work starting on £46.5m Derby business park that could eventually provide 1,250 jobs
Construction
St. Modwen Logistics planning to regenerate 67-acre brownfield site in Wyvern Way, next to the Pride Park football ground
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Tungsten West begins aggregates production at Plymouth mine
Economy
Company which owns Hemerdon tungsten and tin mine sets up subsidiary to produce aggregates for construction industry
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Online retailer Buy It Direct needs 200 workers in north Leicestershire as new figures show Ƶ employment up
Employment
Ƶ jobs market strengthened further despite furlough ending as the number of people in paid work jumped
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Thousands of high street businesses get sales boost thanks to West Lindsey District Council rewards scheme
Retail & High Street
Local Rewards programme created to drive footfall to high street stores across the region during and after the pandemic
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South West has lowest unemployment rate in Ƶ as jobs and vacancies soar
Employment
Region's employment rate betters national average but there are thousands of jobs unfilled in the region
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Survey says Plymouth has Ƶ's fourth highest number of empty shops
Retail & High Street
Property Inspect's study of info from Rightmove, Zoopla and Savills shows Plymouth suffers from closed units compared to size of population
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Joules share price drops 23% amid supply chain issues, higher costs, stock delays and labour shortages
Retail & High Street
Also 'increased consumer uncertainty as a result of the emergence of the Omicron coronavirus variant'
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Strong performance from regional manufacturers as year closes
Economy
Make Ƶ and BDO underline continued growth
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Equity release firm Responsible Group to create more than 70 jobs in Plymouth
Employment
Firm started in 2010 is growing quickly and set to see staff numbers reach 200 soon
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Plymouth's ghost block of student flats set to be bought in £11m deal
South West
Unnamed purchaser pays deposit on huge Crescent Point double block which has never been used since its construction in 2018
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