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Venture capital investment in Bristol rises despite ‘economic headwinds’
Fast-growth businesses in Bristol secured £63m of venture capital (VC) investment in the second quarter of the year – up two-thirds on the first quarter (£38m), new research finds. The figures from accountancy giant KPMG show that while deal volume was down from 15 investments during the first three months of the year to 10, …
Business
Evening Standard
‘Worst is yet to come on economy’
Britons were warned on Friday that the “worst is yet to come” as the UK economy slumped to its first quarter of negative growth since Covid restrictions were largely lifted in the spring of 2021.Official GDP figures released on Friday morning showed output tumbled in June by 0.6 per cent. Despite hopes that the economy …
Business
Evening Standard
Employment market still up despite economic fears
The UK jobs market is currently holding up but is likely to be impacted by the darkening economic mood, inflationary pressures and the cost of living crisis.Employment vacancies leapt to their highest level this year with1.85 million last month – the highest this year – according to the Recruitment and Employment Confederation (REC).London recorded positive …
Business
Sky News
Should I keep saving for my pension or use the money to pay for rising costs?
Personal finance expert Gemma Godfrey has been answering your questions on the cost of living and money saving dilemmas: Could your pension contribution be put to better use for things like paying your bills?Mark A: Hello, I’m 37 years young and started a pension late. I had approximately £35,000 in there. With the world as …
Business
Business Live
Humber carbon capture projects progress as FOUR shortlisted for further phase
A clutch of Humber-focused pioneering carbon capture projects have moved a step closer to delivery. Schemes involving new power and hydrogen production, as well as existing industrial emission abatement have been selected for the due diligence stage of the government’s cluster sequencing process. Keadby Three, H2H Saltend, Humber Zero and Prax Lindsey Oil Refinery all …
Business
Evening Standard
‘Worst is yet to come on economy’
Britons were warned on Friday that the “worst is yet to come” as the UK economy slumped to its first quarter of negative growth since Covid restrictions were largely lifted in the spring of 2021.Official GDP figures released on Friday morning showed output tumbled in June by 0.6 per cent. Despite hopes that the economy …
Business
Business Live
Western Gateway bid for nuclear fusion plant on Wales-England border lands further backing
A bid to build a multi-million-pound nuclear fusion plant on the border of Wales and England has received more support from industry bosses in the South West. The Western Gateway – a cross-border partnership aimed at promoting economic growth across the West Country and South Wales – is proposing to build the £220m plant at …
Business
Sky News
PM admits cost of living support is not enough – but no new measures announced
Boris Johnson has admitted that the cost of living support the government is providing is not enough – but he refused to announce any immediate measures to combat spiralling household bills.Mr Johnson doubled down on his remarks that it will be up to his successor – either Liz Truss or Rishi Sunak – to implement …
Business
Business Live
Silicon Valley firm Harness creates 80 jobs at new Belfast base
A Silicon Valley tech firm has set up a new base in Northern Ireland and announced the creation of 80 new jobs. Harness, which provides technology for companies to speed up and deploy software products, said it made sense to locate in “one of Europe’s strongest technology hubs” where many of its customers are already …
Business
Evening Standard
UK trade deficit hits a record £27.9 billion fuelled by soaring energy prices
The UK’s trade deficit hit a record £27.9 billion in the biggest jump since 1997, fuelled by soaring energy costs after Russia’s invasion of Ukraine and the wider effects of inflation. Imports increased by £14.3 billion to reach £206.6 billion in the second quarter, while exports were up by £12.3 billion to £178.6 billion. The …
Business
Business Live
Solar energy firm creating ‘dozens’ of jobs after move to new base
A solar energy firm that has supplied panels to some of the South West’s biggest organisations has expanded into larger premises. North Somerset-based Solarsense, which specialises in the design, supply, installation and maintenance of solar panels and other renewable tech, is set to double its operations and its workforce with a move to a larger …
Business
Business Live
Belfast-Dublin train: Hopes of hourly service by next year as Enterprise celebrates 75 years
A railway chief has said he hopes an hourly train between Belfast and Dublin can be in operation by as early as next spring, as the Enterprise service celebrates its 75th anniversary. Some of the staff who worked on the service in its first years were among those who gathered at Lanyon Station in Belfast …

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