Figures

UK’s Investment Association warns of ‘trading bot’ risk to investors

The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more cautious about using AI. Alan commented: “Investment is something that’s very serious; it affects people and their […]

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New figures reveal the UK job market and pay growth have stalled

Pay growth and the jobs market have both slowed in recent months as the UK wrestles with the Bank of England’s rising interest rates, according to the latest ONS (Office for National Statistics) labour market overview. Wages rose to 7.3%, excluding bonuses, between August and October 2023, showing a slowdown in growth. Despite this, pay

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West Midlands’ business events sector bounces back quicker than UK average

New research into the impact of business events to the West Midlands reveals that the region is recovering from the COVID-19 pandemic quicker than the UK average. In its latest report for the West Midlands Growth Company, data compiled by RJS Associates shows that the region’s business events performance in 2022 – which includes meetings,

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Employers piling more resources into employee benefits in attempt to stay ahead of competitors

Benefits Provider, Zest reveals that employers in the UK are increasing investment in employee benefits packages as they attempt to gain a competitive edge in the race for talent. Nearly half (48%) of employers say they have boosted investment in their benefits package over the last 12 months in response to the changes in the

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Report says AI will boost UK economy by £400 billion

The rise of artificial intelligence (AI) has the potential to boost Britain’s economy by £400 billion by the end of the decade, according to a report by Google In the tech giant’s first report on its economic impact in the UK for three years, Google said AI technology has the power to “turbocharge” UK productivity,

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New Funding Pot Helps North East’s Third Sector Reach Net Zero

Social enterprises in Aberdeen, Aberdeenshire and Moray can now apply for a share of a £2 million funding pot designed to support the third sector with the transition to net zero. The Social Enterprise Just Transition Fund, supported by the Scottish Government has been extended following a successful pilot year, during which seven social enterprises

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UK Inflation Remains Down 2.4% from Last Year

Inflation has stagnated at 8.7%, the same rate as three months ago, causing businesses and consumers concern amid hopes of a decline, since the UK has been on a downward trend in inflation figures which peaked at 11.1% last year. As Prime Minister Rishi Sunak pledges to halve inflation this year, statistics shows that “Core” inflation,

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WEST MIDLANDS TOURISM ECONOMY ENJOYS POST COVID BOOST

The West Midlands welcomed 141.2 million visitors in 2022, smashing the previous record set before the covid-19 pandemic, according to newly released data. The figures represent a 38% increase on tourist numbers in 2021 and a 5% rise compared to 2019 data which was the last research to be carried out before the tourist industry

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BUSINESS ADVISERS SAY SCOTTISH INSOLVENCY ACTIVITY HAS BEEN IMPACTED BY COST OF LIVING CRISIS

Wylie & Bisset, Accountants and Business Advisers, has said that profitable businesses that suffered financially during the pandemic are now being squeezed by a cost-of-living crisis which has led to a high level of Scottish insolvency activity. The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research from R3,

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MAJOR DEALS & CUTTING JOBS HAS BOOSTED PROFITS FOR THE CO-OP

The £600 million sale of its petrol forecourt business to the billionaire Issa brothers and cutting hundreds of jobs has helped boost profits at The Co-op. The Manchester-headquartered group has hailed a “strong operational performance” over the past year and said it benefited from “early and targeted action” against the tough economic backdrop, which included

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