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Business confidence in Wales falls faster than for UK as a whole
Business confidence in Wales declined this month at a faster rate than the UK as a whole, shows research from Lloyds Commercial Banking. Its latest business barometer reveals that while Welsh companies reported higher confidence in their own business prospects month-on-month – up three points at 37% – their optimism in the economy fell 15 …
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Business Live
Council says no to restaurant’s glazed extension to ‘protect the appearance and character of the Promenade’
Planners have rejected a Blackpool restaurant’s application to retain its glazed extension, saying the building conflicts with policies aimed at preserving the character of the Promenade. The Eating Inn in South Shore had submitted a revised application after a previous proposal was turned down, hoping to win over town hall planners. The retrospective application for …
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Business Live
High Court backs Michael Gove’s decision on ‘The Slab’ redevelopment
The High Court has ruled in favour of former Secretary of State Michael Gove’s approval for the redevelopment of London’s South Bank. Mitsubishi Estate received planning permission earlier this year from Gove, who was then Secretary of Levelling Up, Housing and Communities, to transform 72 Upper Ground, the old ITV headquarters, as reported by City …
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UK retail sales rise slightly in November amid concern over golden quarter
UK supermarkets have provided a boost to retail sales in November, despite a significant decline in clothing store revenue. The Office for National Statistics (ONS) reported a modest 0.2% increase in retail sales last month, a recovery from October’s 0.7% decrease. However, the uplift fell short of economists’ forecasts and raises concerns about a challenging …
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Business Live
Sertec unveils fruits of £7m investment
A manufacturer has invested £7 million into its West Midlands base. Sertec, which is headquartered in Coleshill, specialises in making steel and aluminium components for vehicle bodies. It has now added a new machine press to its factory which it said would significantly boost production capabilities and create 15 new jobs. It has taken 18 …
Business
Business Live
Angry residents told their objections to controversial office-to-residential plans are ‘not applicable’
Residents living near the Sale Point office block in Sale have been told that their objections to its conversion into 80 apartments ‘are not applicable’. The locals, who live adjacent to the six-storey building on the A56 Washway Road – a key route from Altrincham into Manchester – argue that the development will exacerbate existing …
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Business Live
B&M hires chief executive of Iron Bru maker as it battles slumping share price
B&M has enlisted the CEO of Iron Bru manufacturer AG Barr, Euan Sutherland, as it grapples with a dip in its share price. Subject to shareholder approval, Sutherland is set to become a non-executive director at the Liverpool-based firm from 20 January, 2025, as reported by City AM. If confirmed, he will also join the …
Business
Business Live
Johnson Matthey’s largest shareholder calls for ‘strategic review’ amid 55% stock slump
Johnson Matthey’s largest shareholder has urged for a comprehensive strategic review of the business, which may lead to the sale of “part or all” of the company. In a letter made public on Monday, New York-based Standard Investments called for a significant overhaul of the board and suggested either de-risking or disposing of the lossmaking …
Business
Business Live
The mixed impact of the Help to Grow programme to boost SME management skills
As someone who has been an advocate for improving management skills within small and medium-sized enterprises (SMEs) since I began my academic career over thirty years ago, I have been disappointed that there has been little effort by the higher education sector in utilising its expertise within business schools to make a real difference to …
Business
Business Live
National insurance hike compensation uncertainty for public bodies in Wales
Public bodies in Wales may not receive full compensation from the UK Government for the cost of employer national insurance increases, unlike in England, a committee heard. Finance Secretary Mark Drakeford told the Senedd’s finance committee the cost of workers within the Office for National Statistics definition of a public-sector employee will be covered by …
Business
Business Live
Subsea firms call on Government to build confidence through industrial strategy
North East-based suppliers of subsea engineering and equipment are among UK counterparts to report good market prospects but lack of confidence in project delivery. Research from industry body the Global Underwater Hub – which has a base on Tyneside – points to positivity among firms about market opportunities, particularly in offshore energy, but lower sentiment …
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Business Live
Somerset gigafactory will be ‘catalyst’ for attracting major overseas firms to Britain
A multi-billion-pound Somerset gigafactory could be a “catalyst” for attracting major international companies to Britain, according to the boss of the smart campus where it’s being built. Agratas, part of Indian conglomerate Tata, is currently building its £4bn electric vehicle battery plant near Bridgwater and has said around 4,000 jobs could be created in the …

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