Economy
- Business
Durham electronics firm creates ‘significant’ number of new jobs
A global electronics company has announced an expansion of its North East operations which will create a ‘significant’ number of…
Read More » - Business
Energy crisis and Covid-19 show the UK’s just-in-time economy needs more resilience
W hat do factories, the NHS, and the energy sector have in common? All are operating by the seat of…
Read More » - Business
Devon’s Applegate set for jobs growth after partnering with Euro tech giant
Devon’s pioneering AI procurement company Applegate is aiming to create jobs after forming a partnership with European tech firm Visable.…
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Driver shortages contribute to collapse of £167m logistics firm
Driver shortages have contributed to the collapse of a £167 million turnover food distribution business, putting more than 400 jobs…
Read More » - Business
Latest insolvency statistics show impact of Covid-19 on Midlands businesses
New figures suggest business across the Midlands are struggling to get to grips with the impact of Covid-19 despite the…
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The growing list of new restaurants opening in Leicestershire
A Pan-Asian noodle chain is set to open in Leicester city centre on Monday, October 4 – joining a growing…
Read More » - Finance
Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner…
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Costco, Nike and FedEx are warning there’s more inflation set to hit consumers as holidays approach
A worker wearing a protective mask removes rotisserie chicken from skewers inside a Costco store in San Francisco, California, on…
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Major redevelopment planned for Devon’s famous art deco Burgh Island Hotel
An art deco Devon hotel closely linked to crime writer Agatha Christie is to undergo a major redevelopment. Burgh Island…
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CMA probes Babcock’s £10m sale of oil and gas helicopter business
The UK’s competition watchdog is to probe defence and engineering giant Babcock International Group Plc’s £10m sale of its oil…
Read More » - Market
Here’s what Robinhood executives allegedly said internally at the height of the GameStop short squeeze
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White…
Read More » - Business
Innovation continues to thrive globally despite the pandemic
As the world economy begins to shake off the effects of Covid-19, nations will be looking to gain competitive advantage…
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South West property consultancy Vickery Holman toasts record year
South West property consultancy Vickery Holman has reported its best financial results since being formed in 1990 – and has…
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Bristol Airport expansion plans opposed by WECA
Authorities in the West of England have voted to formally oppose plans to expand Bristol Airport. The West of England…
Read More » - Business
City College Plymouth opens £350k AR suite to tackle welder shortage
A Plymouth college is tackling a shortage of welders by training a new generation using the latest Augmented Reality kit…
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Bank holds rates at record low, but inflation fears grow
T HE BANK of England held rates at record lows of 0.1% today, a move that was expected but leaves…
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Cornish Metals adds second rig at copper, tin and zinc mine after raising £8.2m
Mining company Cornish Metals has added a second drilling rig at its copper, tin and zinc mine at United Downs…
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Cornish AI firm set for growth after £200k investment
Newquay-based artificial intelligence company SimSage is set to grow after receiving a £200,000 investment. The Cornwall and Isles of Scilly…
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Brittany Ferries calls for clarity on when travellers can ditch PCR tests
Cross-channel transporter Brittany Ferries is calling for clarity on Covid testing for travellers in order to give holiday firms a…
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Retail sales post surprise gain as consumers show strength despite delta fears
Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold…
Read More » - News
Scone Palace gearing up for Scottish Game Fair this weekend
The Game and Wildlife Conservation Trust (GWCT) Scottish Game Fair is set to provide the Perthshire economy with a potential…
Read More » - Finance
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its…
Read More » - Finance
Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year
JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank…
Read More » - Business
First rapid Covid-19 tests to be made in the UK approved
The first rapid Covid-19 tests to be made in the UK have been rolled out to universities across England. The…
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South West businesses concerned about cost of hitting net zero targets
A survey of South West businesses has found many have yet to be convinced about the economic benefits of going…
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New Plymouth electric car charger firm signs with 50 dealerships
A new Plymouth business which specialises in charging equipment for electric cars has sparked into life by signing up with…
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Supply chain woes and staff shortage dent South West manufacturing recovery
The South West manufacturing industry is expected to recover by the end of 2022 provided supply chain disruption and worker…
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Campaign for Great British Railways HQ to be built in the East Midlands
Momentum is growing to have the new national body overseeing Britain’s railways built in the East Midlands. Derby is putting…
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Manufacturers in North East see drop in output amid supply chain issues
Supply chain troubles and labour shortages are flattening growth prospects for North East manufacturers, new research suggests. The latest survey…
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The Exeter law firm fighting to improve social mobility in the job-sector
Browne Jacobson is a thriving law firm with an established presence in the South West. The business has offices in…
Read More » - Market
After years of being ‘squeaky clean,’ the Federal Reserve is surrounded by controversy
The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg |…
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£82m contract issued for design and build of Hull’s blade plant expansion
An £82 million contract to build out the massive expansion to Siemens Gamesa’s Hull blade factory has been awarded. Volker…
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Glass raised as major power maintenance contract secured with Saint-Gobain
Yorkshire high voltage power specialist Smith Brothers has been awarded a five-year contract to provide ongoing maintenance at the Eggborough…
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Chamber helps 1,000 young people secure work via Kickstart Scheme
East Midlands Chamber has passed major milestone in helping more than 1,000 young people to secure a job placement via…
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New manufacturing zone created in South Tyneside
A new manufacturing zone has been created at Jarrow Business Centre following a £500,000 investment. New tenants are now being…
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Coiunty’s hospitality and tourism sector suffers £310m Covid hit
New figures suggest the huge hit the Leicester and Leicestershire hospitality and tourism sector has taken during the last 18…
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2021 LeicestershireLive Innovation Awards winners announced
The winners of the 2021 LeicestershireLive Innovation Awards have been announced during a special ceremony at the National Space Centre.…
Read More » - Finance
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020. Bing…
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Cargo shipping giant partners with Brittany Ferries after 25m-euro investment
World leading shipping company CMA CGM Group has made a 25million-euro investment in cross-Channel operator Brittany Ferries to help it…
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Burts Snacks sees sales grow to £57.3m despite hospitality lockdown
Plymouth-headquartered Burts Snacks Ltd has shifted £57.3m of crisps in a year and become the UK’s fastest growing independent “snacking”…
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British Gas CEO on moving from fossil fuel to low carbon
The CEO of Centrica has told BusinessLive he is making it a net creator of jobs as it moves towards…
Read More » - Entrepreneurs
It’s National Small Business Week: How Are They Doing?
Small business survey data over the last two months point to growing concern and persistent … [+] challenges. getty Another…
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Devon artisan cheesemaker Quicke’s enjoys mail order boost
Devon-based artisan cheesemaker Quicke’s has increased its mail order operation as post-lockdown demand continues to grow from customers who have…
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Babcock sells stake in aviation firm for £126m in bid to drive down debt
Defence and engineering giant Babcock International Group Plc has sold its stake in aviation services company AirTanker Holdings Ltd for…
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North East business scene still in growth but concerns are rising
Business in activity in the North East continued to grow in August but signs of a slowdown are increasing, according…
Read More » - Finance
Job openings soar to 10.9 million as companies struggle to fill positions
Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number…
Read More » - Finance
Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says
U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed…
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Weekly jobless claims post sharp drop to 310,000, another new pandemic low
First-time filings for unemployment claims in the U.S. dropped to 310,000 last week, easily the lowest of the Covid era…
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Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at…
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Report says East Mids Freeport could support 25,000 jobs
The business case for an East Midlands Freeport, potentially supporting more than 25,000 jobs, has been submitted to government. The…
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