Economy
- Business
South West businesses plan job creation as they bounce back from Covid lockdown
South West businesses are continuing to bounce back strongly following the easing of Covid restrictions with more planning to create…
Read More » - Finance
A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose 3.1% in April, faster than expected, as price pressures built in the rapidly expanding U.S.…
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Multi-million pound health centre planned for Plymouth city centre
A multi-million pound health centre is being planned for the West End of Plymouth’s city centre. The public are to…
Read More » - Finance
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication…
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Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe…
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Better networking can boost the economy
What have you missed most of being in lockdown for the last fifteen months? On a professional level, I’ve longed…
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Mystery as Edinburgh Woollen Mill suddenly shuts huge Plymouth store
The prominent Edinburgh Woollen Mill store on Plymouth’s Barbican has closed without warning leaving staff and shoppers “gutted”. The shop,…
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FTSE 100 set to rise as US economy powers ahead
US unemployment benefit claimants plunged to their lowest levels since March 2020 – before the pandemic gripped the nation. The…
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New Nissan Qashqai to be made from aluminium
The new Nissan Qashqai being built at the company’s Sunderland plant will be the first to be assembled from aluminium.…
Read More » - Market
So What Will Biden Tax Hikes Mean For Investors, Anyway?
Higher taxes getty The Biden administration has proposed big hikes in federal outlays and also in taxes, at least for…
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Forex trader Gurvin Singh hits back after BBC’s Scam City expose
The former Plymouth student at the centre of a BBC series about Forex trading has denied acting dishonestly or even…
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Brittany Ferries blames UK Government after scrapping trips to France
Cross-channel transporter Brittany Ferries has scrapped sailings from Plymouth and other ports to France after the French government imposed a…
Read More » - Market
Investing app Acorns to go public through a blank-check merger valued at $2.2 billion
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging…
Read More » - News
Perth Harbour’s multi-million boost for economy as study highlights port growth
Perth Harbour is currently contributing nearly £4 million to the Perth and Kinross economy, according to a new report. The…
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Former jailbirds start business incubator to help ex-cons become entrepreneurs
Two former University of Plymouth students who were jailed for drug dealing have started a business to help other ex-offenders…
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Applications open for 2021 Leicester Business Festival
Applications have opened for companies to host events in this year’s Leicester Business Festival. The now annual event – which…
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Liberty Steel plants up for sale have ‘viable’ future
Liberty Steel plants put up for sale as part of a rescue package for the embattled firm are “fundamentally good…
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Trade with Europe slumps as official figures reveal Brexit toll
The impact of Brexit on trading with Europe has been laid bare by official figures revealing that UK trade in…
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Pfizer-funded vaccine research centre launches in Bristol
A centre of excellence for studying vaccine-preventable diseases has been launched in Bristol. The centre is funded by coronavirus vaccine…
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Lockdowns cost North East tourism sector more than 35,000 jobs
Around 36,000 jobs have been lost in the North East tourism sector as the pandemic lockdowns cost the region billions…
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Latest on new Covid guidance in Leicester
There are warnings that Leicester’s shops, restaurants and leisure venues could lose out on vital revenues following the Government’s confusing…
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Plymouth’s New Wave Marine sees drainage division double turnover
Plymouth-based industrial cleaning firm New Wave Marine’s new drainage division has doubled turnover during the past year. The family-run firm,…
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Union says ‘strike-breaking’ tugs are being used in Devonport naval base dispute
Union chiefs have accused Serco Marine of bringing in “strike-breaking” tugs to operate at Devonport naval base while crews are…
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East Midlands business advertising for 600 temporary staff
A Leicestershire business is advertising for 600 temporary staff to meet new orders. Contract packer Lemonpath has launched the recruitment…
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Grenfell review author to address South West Construction Summit
The author of the review into high-rise residential buildings following the Grenfell Tower fire is to speak at a major…
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Cardiff Capital Region’s £1.3bn City Deal gets approval for another five years
The £1.3bn City Deal for the Cardiff Capital Region has passed its first gateway review undertaken by the UK Government.…
Read More » - Finance
Fed’s Lael Brainard pushes digital dollar as central bank currency race heats up
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on…
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Invest Newcastle boasts record year in spite of the pandemic
Invest Newcastle said it has facilitated a record number of new investments and expansions during 2020, despite the year being…
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Cineworld and pub chains toast signs of summer reopening boom
F resh hopes of a summer consumer spending boom that will lead the UK economy out of the pandemic arrived…
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Volumes up at Cambridge and Counties business bank
The boss of the Cambridge and Counties business bank said volumes were up during the pandemic due to the dedication…
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Brittany Ferries abandons plan to sail from Plymouth to Porto in 2021
Cross-channel operator Brittany Ferries has abandoned plans to start sailings from Plymouth to the Portuguese city of Porto this summer…
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Derby transformation projects get £15m funding
The city of Derby has been given £15 million towards two major city centre projects. The Market Hall transformation and…
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The richest people in the South West in 2021
The richest people in the West Country have been named in the Sunday Times annual wealth guide for 2021. The…
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Plymouth Community Homes to build 1k houses after securing £65m loan
Plymouth’s largest social housing landlord is to build 1,000 new homes after securing a £65m loan from NatWest bank. Plymouth…
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Ship repairer A&P begins search for new apprentices
Ship repairer and fabricator A&P Falmouth has launched the search for its 2021 intake of apprentices. The Cornwall facility has…
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Triple dose of good news for the UK economy as high street bounces back
T HE high street is booming, the housing market is on fire and the wider economy is also bouncing back…
Read More » - Us-news
Scotland’s rich list as billionaires increased their fortune during lockdown
Scotland’s wealthiest people saw their fortunes soar over the course of the coronavirus pandemic. Danish retailer Anders Povlsen was named…
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Boss of Browne Jacobson law firm on working through Covid-19
The boss of a major UK law firms has described what it was like taking over a team of 1,000…
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The recent movers and shakers in the East Midlands
Here are some of the latest appointments and promotions from across the East Midlands: FRP Advisory: Specialist business advisory firm…
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Turner Contemporary director named as new boss of Plymouth’s £47m The Box museum
The director of the Kent art gallery which features on the £20 bank note and hosted the Turner Prize has…
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Elon Musk visit fuels rumours of plans for UK car factory
Tesla boss Elon Musk flew into the UK on a private jet last weekend, fuelling rumours he is still mulling…
Read More » - Finance
Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low…
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The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release…
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The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary…
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Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could…
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Sales of posh watches and jewellery stay strong in pandemic
The appetite for expensive watches and fine jewellery doesn’t appear to have been diminished by the pandemic. Watches of Switzerland…
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Bookings pour in at new Plymouth hotel as hospitality recovers
The first major new hotel in Plymouth city centre for 14 years has opened – and bookings are already flooding…
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Cromwell Tools MD on the pandemic, Brexit and job losses
The boss of a £218 million turnover commercial tools supplier says business is on the up following the pandemic, Brexit…
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Park Holidays UK buys up nine sites from rival Bridge Leisure
British holiday park operator Park Holidays UK has agreed a deal to buy up nine sites previously owned by rival…
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Plymouth to stage Clean Maritime Summit to discuss green economic growth
Plymouth is to host a Clean Maritime Summit attracting leading industry figures to discuss how achieving net zero emissions can…
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