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Innes England: Tough East Mids commercial property market could bounce-back after shock of ‘Trussonomics’
Management at one of the region’s leading commercial property agencies are hopeful the market will start to improve this year following the economic meltdown caused by the short-lived Liz Truss Government. According to the 16 th annual Innes England Market Insite report, 2023 could see the green shoots of recovery after total regional investment in …
Business
Business Live
£3m apartment block at old dairy site nears completion
An old dairy in Rhyl is being turned into a £3m apartment block offering 18 flats for social housing. The disused dairy on Victoria Road in the seaside town has been demolished to make way for a four-storey building following funding from the Denbighshire County Council and the Welsh Government. The redevelopment is being led …
Business
Business Live
Bristol TV production studio acquired by French media giant
A Bristol TV production company has been acquired by a French media giant for an undisclosed sum. Wildseed Studios has made programmes for major networks and streaming platforms, such as The Last Bus on Netflix and the animated series Dodo , which has appeared on Sky Kids, CITV, Cartoon Network and HBO Max. The children’s …
Business
Business Live
Record contract for shelving and racking specialist Filstorage as it enters 30th anniversary year
Design and fit-out specialist Filstorage has completed the biggest single job in its 30 years of trading. The East Yorkshire business provided final design plans then supplied and fitted racking and shop shelving for a brand new £4.5 million builders’ merchant depot in the North East. The £230,000 contract was for James Burrell in Billingham, …
Business
Business Live
Britain’s biggest homebuilder hoping better mortgage deals could stimulate UK housing market
Britain’s biggest housebuilder said better mortgage deals could lead a recovery in the market this year. Barratt Developments said things could start easing, after reservations dropped 57 per cent in the final months of 2022 – following the disastrous Liz Truss/Kwasi Kwarteng mini-Budget which caused a meltdown in the markets and higher interest rates. The …
Business
Evening Standard
Virgin offers sub-4% five-year fix for new purchases
Virgin Money has become the first lender to offer a sub-4% mortgage for new purchases since Liz Truss and Kwasi Kwarteng’s mini-budget sent rates skyrocketing.While HSBC launched a five-year fix at 3.99% yesterday, that deal was only available to those who are remortgaging or switching rates. Virgin’s offer will be the first sub-4% deal since …
Business
Evening Standard
PZ Cussons cheers Imperial Leather TV ad success as profits rise in tough market
PZ Cussons’ first Imperial Leather television campaign in seven years has helped reinvigorate declining sales of the soap brand as the group’s half-year profits leapt higher despite cost pressures.The healthcare and consumer goods firm – which also owns brands including Original Source, Childs Farm and Carex – said it had seen a positive response to …
Business
Sky News
UK’s largest gas supplier warns output is at capacity
The boss of the UK’s largest gas supplier, Norway’s Equinor, has warned it will be difficult to further increase output after ramping up production last year to help fill the void in Europe’s stocks amid Russia’s war in Ukraine.Anders Opedal said that natural gas demand will have to be lower across the continent to help …
Business
Evening Standard
Builder Barratt flags signs of recovery in buyer demand as mortgage rates ease
Green shoots appeared in the housing market earlier as Barratt Developments recorded improved reservation levels, but the housebuilding giant cautioned that challenging conditions remain for buyers.The UK’s largest housebuilder has seen demand hurt as customers grapple with rising mortgage rates and the cost of living crisis. Its forward sales order book stood at 10,854 homes …
Business
Evening Standard
UK expected to escape recession – for now – in near-miss for the economy at the end of 2022
The UK looks set to narrowly avoid crossing the line into recession this week, with economic data for the final quarter of last year poised to revel flatlining growth.A recession only kicks in after two consecutive quarters in which the value of the goods and services produced by a nation shrinks. While that happened in …
Business
Sky News
‘Toxic culture’: McDonald’s sign legal agreement over sexual harassment complaints
McDonald’s has signed a legal agreement with the equality watchdog amid concerns over how it has handled sexual harassment complaints made by UK staff.A union representing some employees had claimed in 2019 that more than 1000 complaints had been logged. The Bakers, Food and Allied Workers Union (BFAWU) had alleged a “toxic culture” at UK …
Business
Sky News
UK to swerve recession but a quarter of homes face cost of living struggle, think-tank predicts
The UK will avoid tipping into recession this year but a greater number of homes – one-in-four – will struggle to pay elevated bills, according to an economic think-tank.The National Institute of Economic and Social Research (Niesr) said in a forecast that the squeeze on incomes from the energy-driven cost of living crisis and lower …

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