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Sky News
Chancellor upbeat on economy – but there isn’t a huge amount to celebrate
Jeremy Hunt struck an upbeat tone following the publication of the latest economic growth data for February.“The economic outlook is looking brighter than expected – GDP grew in the three months to February and we are set to avoid recession,” he said. In some respects he’s right.Even though the country was deep into a winter …
Business
Sky News
Tesco warns of ‘unprecedented’ inflation but drops price of milk
The impacts of higher prices are being felt in the Tesco boardroom as profits have fallen despite an increase in sales.High energy and labour costs, along with food inflation at 17.5%, have hurt the company’s earning power. But the retailer also announced a reduction in the price of milk for the first time since May …
Business
Sky News
UK economy flatlines with no growth in February as strikes hit productivity
The UK economy flatlined in February, with no growth in GDP, according to official figures.Civil service strikes and low energy consumption offset growth in areas such as construction – which grew 2.4%, the Office for National Statistics (ONS) data showed. The flatlining was unexpected. Economists polled by the Reuters news agency had forecast slight growth …
Business
Business Live
Record revenues for Marks Electrical as sales near £100m
Strong demand for energy efficient products have helped sales at Marks Electrical grow 21.5 per cent to almost £98 million. The online retailer has benefited from people trying to shave pounds of their energy bills by buying low energy items including air fryers, coffee machines and vacuum cleaners. The Leicester firm’s recently launched installation service …
Business
Business Live
New HQ for construction firm to meet growth plans following six-figure fund
A construction firm in Aberystwyth has growth on its radar following a six-figure investment. LEB Construction plans to expand its operations with a new headquarters at the town’s Glanyrafon Industrial Estate after receiving a £537,336 investment from the Welsh Government’s Property Development Grant. The funding will allow the company to grow its operations at the …
Business
Business Live
£30m funding pot secured by Myenergi to accelerate business development strategy
High growth greentech specialist Myenergi has secured a £30 million funding facility to further its development of smart home energy products. The Grimsby-area firm is to use the HSBC backing to support innovation at the Pioneer Park base, where manufacturing operations are soon to be moved to after a major build project. A 65,000 sq …
Business
Evening Standard
FTSE 100 Live: Shares gain ahead of US inflation reading; gold and oil higher
The FTSE 100 has risen beyond 7800 today after shares continued their recovery into a fourth week yesterday.Eyes will be on the US this afternoon, when the Bureau of Labor Statistics publishes the country’s latest inflation figures.Economists expect the rate to fall from 6% to 5.2% in March as last year’s surge in energy prices …
Business
Business Live
£700m redevelopment of Swindon Honda site approved by council
Plans for a £700m redevelopment of the former Honda factory site in Swindon have been approved. Panattoni, Europe’s largest developer of new build industrial and logistics facilities, will look to begin building 10 new warehouse buildings on the former car production site, after its plans were waved through by Swindon Borough Council on Tuesday evening …
Business
Business Live
Newcastle’s hedgehog lab acquires York’s Netsells following £6.3m investment
Tech consultancy hedgehog lab has acquired York-based app developer Netsells having secured a multimillion-pound investment. The Newcastle firm, which also operates hubs in the US and Bulgaria, has received the backing of BGF (formerly the Business Growth Fund) in a £6.3m deal that sees an exit for previous investors Maven Capital Partners. Netsells will be …
Business
Evening Standard
London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses
CITY figures today warned that London is in danger of becoming a stock market backwater, with big floats now almost certainly heading to rival financial centres such as New York.There has been concern for months that London shares are unattractive, being shunned by pension funds partly due to unhelpful regulation. A lack of floats has …
Business
Business Live
Consumers prioritise holidays and health over eating out as retail and leisure industries remain vulnerable
Consumers in Wales are prioritising holidays, health and home improvements over eating out and buying big ticket items, new research shows. According to the latest consumer sentiment survey from professional services firm PwC, members of the public were more optimistic about their spending power for the year ahead entering spring. The survey, conducted between 17-20 …
Business
Business Live
Black Country retail park fully let after Farmfoods deal
A shopping park in the Black Country is fully let after frozen food retailer Farmfoods agreed a lease deal. The company has taken the last available space at Birchley Island Retail Park, in Oldbury, on a ten-year deal for a 20,600 sq ft warehouse. The retailer is currently fitting out the new unit which it …

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