Economy

SCOTTISH BUSINESS OWNERS STEP IN TO SUPPORT EMPLOYEES DURING COST OF LIVING CRISIS

Leave a Comment / Economy, Finance, News, Scotland /

Business owners in Scotland have been stepping in to support their employees as the cost of living continues to put financial pressure on individuals according to new research from Rathbones. According to research by Rathbones, 44% of Scottish business owners have provided their employees with regular financial support, while a further 22% have given a […]

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

Leave a Comment / Company News, Economy, England, Figures, News /

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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MANY SCOTS PLANNING TO CUTBACK ACCORDING TO NEW RESEARCH

Leave a Comment / Economy, Finance, News, Scotland /

More than three quarters of Scots are concerned about their current financial situation, according to a new survey from Glasgow Credit Union, one of the UK’s largest and most successful credit unions. The survey of almost 10,000 people across West and Central Scotland found that the vast majority (88%) are keeping a closer eye on

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WEST MIDLANDS SMES BOOSTED BY RECENT INVESTMENT

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A new investment fund worth £25 million has been launched to help West Midlands businesses expand. The West Midlands Co-Investment Fund, investments will be focussed on SMEs that offer high-growth potential in sectors such as green technology, advanced manufacturing, life sciences and creative and digital. The West Midlands Combined Authority is putting £12.5 million into

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ECONOMIC IMPACT FOR THE FIRST YEAR OF LEICESTER DEVELOPMENT REVEALED

Leave a Comment / Commercial, Economy, England, Figures, News, Property /

New figures suggest Space Park Leicester has generated some £89 million for the economy in its first 12 months. The £100 million development, led by the University of Leicester with backing from the Leicester and Leicestershire Enterprise Partnership and city council builds on the university’s decades of expertise in space research, innovation and education. It

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LEISURE GROUP TURNOVER EXCEEDS £100 MILLION

Leave a Comment / Company News, Covid, Economy, England, News /

North East hospitality company Cairn Group has posted record results with turnover topping £100m for the first time – beating pre-pandemic levels. The Newcastle based leisure property owner and developer, which owns the Station Hotel in Newcastle has toasted a rapid return to profitability, after a successful year of trading saw turnover jump from £34.1m

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INVESTIGATION LAUNCHED INTO FAILED SHOPPING CENTRE GROUP AUDIT

Leave a Comment / Covid, Economy, England, LifeStyle, News, Retail /

Accountancy watchdog the Financial Reporting Council has launched an investigation into big four firm PwC’s auditing of shopping centre and leisure group Intu Properties plc. The audit and accountancy regulator will look at PwC’s handling of Intu’s 2017 and 2018 accounts, a period before the firm’s collapse into administration. Following a drop in rents brought

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GYM CHAIN MAKES FRIST PROFIT IN YEARS AFTER ATTRACTING NEW MEMBERS

Leave a Comment / Company News, Covid, Economy, England, Figures, News /

Total Fitness returned to the black for the first time since 2015 during its latest financial year after its turnover returned to near pre-pandemic levels. The Cheshire-headquartered gym group has reported a pre-tax profit of £961,000 for the 12 months to June 30, 2022, up from the £8.5m loss it posted in the prior 18

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NORTH EAST BUSINESS LEADERS WELCOME MAJOR DEVOLUTION DEAL

Leave a Comment / England, Figures, News, People /

An expanded devolution deal for the North East has been welcomed by business groups in the region. The £4bn deal – which will extend the current arrangements in the North of Tyne to cover Tyne and Wear, Northumberland and County Durham – aims to create 24,000 extra jobs, deliver 70,000 courses each year and leverage

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SCOTTISH CONSTRUCTION INDUSTRY STILL IMPACTED BY CASHFLOW ISSUES

Leave a Comment / Economy, News, Scotland, Stats /

Construction businesses in Scotland are still suffering the scourge of late payments, outstanding retentions and unexpected charges, a new survey by the Construction Industry Collective Voice (CICV) has revealed. Some 68% of respondents to the body’s in-depth poll said their payment terms were altered negatively, with 60% claiming adjustments to payments were made with little

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