Stockport heating, ventilation and air-conditioning (HVAC) business, Gradwood, has been sold to Danish investors, IPO Capital Group, for an undisclosed sum. Established in 1966, Gradwood provide Industrial Heating, Workshop Heating, Air Conditioning and Smoke Ventilation systems and maintenance … [Read more...]
News for: Business
New programme launched to support Stockport’s hospitality sector
A new support programme has launched by GM Business Growth Hub to help bolster the hospitality sector in Stockport and across Greater Manchester. Designed by the Hub’s new Hospitality Support Advisor, industry expert Dan Hope, the programme offers targeted assistance to help food and drink … [Read more...]
Stockport businesses invited explore on green partnerships at Proper Good Business Club
Stockport businesses are invited to explore how they can work together with social enterprises and non-profits to achieve green goals at the next meeting of the borough's Proper Good Business Club. Stockport's Proper Good Business Club brings businesses together with local social enterprises and … [Read more...]
Summer campaign launched to help people across Greater Manchester explore skills options
A new campaign is using labour market insight to help people across Greater Manchester explore their employment and skills development options ahead of September. Delivered by The Growth Company on behalf of GMCA, Employ GM helps people find jobs, search for courses, and find localised support … [Read more...]
Young people to change careers 50% more than their parents’ generation, finds Handelsbanken
Young adults aged between 18-34 expect to have an average of three different careers over their lifetime with a five-year pension holiday, according to a new study commissioned by Handelsbanken Wealth & Asset Management. The research underlines how work and pension expectations differ … [Read more...]
ONS reveals July rise in inflation
The latest inflation data from the Office of National Statistics (ONS) has revealed the rate of price rises quickened in July for the first time this year. The ONS recorded that its headline measure of inflation, the Consumer Price Index, rose by 2.2% in the 12 months to the July 2024, up from … [Read more...]
Business support sessions available for Stockport businesses and aspiring entrepreneurs
Local businesses and entrepreneurs in Stockport will be able to attend a drop-in session to receive support and advice at the PROFOLK co-working space in the town centre. The sessions will take place on Wednesday 21st August at PROFOLK on the Market Place, and will be run by the GM … [Read more...]
Stockport electricity network operator acquired in £2.1 billion deal
Stockport based power network operator, Electricity North West, has been acquired by Spanish energy giant Iberdrola in a £2.1 billion deal. Iberdrola, which merged with Scottish Power in 2007, has taken an 88% share in Electricity North West, valuing the company at approximately £4.2 billion. The … [Read more...]
Bank of England cuts interest rates for first time since March 2020
Economists at the Bank of England have voted in favour of cutting its base rate to 5%, the first cut in interest rates since March 2020. The Monetary Policy Committee voted 5-4 in favour of the 0.25 percentage point cut in interest rates. The decision follows interest rates having been held at … [Read more...]
Low Pay Commission to consider the cost of living in future minimum wage recommendations
The Government has asked the Low Pay Commission to consider the cost of living in its recommendations for the rate of minimum wage for the first time. The Secretary of State for the Department of Business and Trade has written to the Chair of the Low Pay Commission as part of the Government's … [Read more...]
Stockport businesses invited to access bespoke support from The Work Shop
Businesses in Stockport are invited to book an hour of free support from local experts at The Work Shop in the Merseyway Innovation Centre. On August 23rd, The Work Shop, which brings together experts from across the borough to share free advice with local businesses to support their success, … [Read more...]
North West profit warnings down of previous year’s figures
UK-listed companies in the North West have issued 21% fewer profit warnings in the first six months of 2024 than in the same period last year, according to EY-Parthenon's latest Profit Warnings report. A total of 11 warnings were issued by businesses in the region in the six months to the end of … [Read more...]
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