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Economic Development

By

Danielle Hicks

15:14, 10 JAN 2014

Roxana Silbert.1 of 9
Gregory Doran.2 of 9
Felicity Jones (Image: Laura Lean/PA Wire)3 of 9
City of Birmingham4 of 9
Andreas Antona5 of 9
Glynn Purnell6 of 9
Adam Bennett.7 of 9
Amy Seton8 of 9
Adam Stokes9 of 9

Rolls-Royce launches £200m interim share buyback scheme

The FTSE-100 heavyweight made the announcement ahead of its full-year financial results

Bank of England expected to cut interest rates to nearly three-year low

It would bring borrowing costs down to the lowest rate since the beginning of February 2023

Plans for £100m first phase of Cardiff Crossrail project take step forward

The project's required Transport and Works Act Order has been aprproved/

��Ƶ economy shrinks for second straight month amid Budget uncertainty

Service sector saw no growth in October, according to ONS data

South West manufacturers boosted by aerospace, defence and marine sectors

Confidence among manufacturers in the region is improving, according to the latest Make ��Ƶ and BDO research

Top Nissan exec hails "fantastic start" in Government support for automotive sector

Adam Pennick, vice president of manufacturing at Nissan's Sunderland Plant, urged more work on turning the Industrial Strategy into action

New Greater Manchester station could be years away as MP slams 'scandalous' delays

Station projected to boost local economy and improve access to jobs and opportunities

Top Cheltenham restaurant headed by Michelin-star chef employs robot waiter

The Nook on Five is overseen by British chef and television personality John Burton-Race

WH Smith delays annual results again after accounting issues

Retail & High Street

The retailer now expects to unveil its latest results on Friday December 19 as auditor PwC requires further time to complete procedures following £50m profit overstatement

Pubs warn of widespread closures and job cuts over Budget tax increases

Pub chiefs held an emergency meeting and called on the Government to introduce 30% business rates relief

Leon to shut sites and axe jobs as it enters administration

The fast-food chain will close a number of branches and reduce its workforce as part of a turnaround plan

16 offshore wind supply chain projects to share £13m boost from The Crown Estate

Successful projects across England, Wales and Scotland are set to share in funding through the Supply Chain Accelerator