The headline rate of inflation slowed to 2% in May, according to latest Consumer Price Index data (CPI) from the Office of National Statistics (ONS). Inflation fell 0.3 percentage points from April's figure of 2.3%, bringing the rate of inflation back down to the Bank of England's target rate and … [Read more...]
News for: Business
Latest insolvency statistics reveal business owners at critical tipping point, warns Azets
The latest government insolvency statistics reveal many business owners find themselves at a 'critical tipping point', according to Nicola Clark, Restructuring & Insolvency Partner at Azets. May 2024 saw more than 270 compulsory liquidations, more than in the previous month, suggesting that … [Read more...]
New Chief Executive recommended for Stockport Council
Michael Cullen has been recommended as the preferred candidate to replace the outgoing Chief Executive Caroline Simpson. Following a rigorous selection process, the Council’s Appointments Committee will be making its recommendation to the Extraordinary Council Meeting on 20 June 2024. The … [Read more...]
Expert Opinion: How an HR Transformation Audit can ensure a business yields the benefits of new technology
Donna Morton, from Stockport HR and Change Management consultancy Lomarton, explains how an HR Transformation Audit can ensure businesses get the most out of investing in new technology. In the contemporary business landscape, technology is often hailed as a solution for countless operational … [Read more...]
Private equity investor plans to inject £100 million into North West businesses
Private equity and infrastructure investor, Foresight Group, has announced ambitions to invest £100 million into companies in North West England. The move represents the firm's second fund specifically for the region. Foresight Group has previously backed 17 businesses, which have supported the … [Read more...]
UK GDP grew 0.7% in three months to April 2024
The UK economy has experienced quarterly growth of 0.7% in the three months to April 2024, according to the latest GDP data from the Office of National Statistics (ONS). The services sector, the largest part of the economy, was the main contributor to growth, up 0.9% over the three months to … [Read more...]
Azets Barometer reveals gap in optimism between small and medium-sized businesses
UK accountancy firm, Azets, which has 90 offices nationwide including in Stockport, has revealed that medium-sized businesses are more optimistic about the future than smaller firms, according to the firm's Azets Barometer survey. The survey, conducted in April 2024, features 353 responses from … [Read more...]
North West businesses continue to report solid growth in business activity
Business activity continued to rise at a solid pace across the North West during May, according to the findings of Natwest's Regional PMI business survey. The continued rise in activity coincided with stronger confidence towards firms' outlook for the year ahead, which in turn contributed to a … [Read more...]
North-west business confidence rose 12 points in May, finds Lloyds Bank survey
Business confidence in the economy in the North-west rose sharply in May, according to the Lloyds Banking Group's Business Barometer survey. The monthly survey of 1,200 businesses nationwide saw a 12 point increase in business confidence in the region, with a headline confidence reading of 48%. … [Read more...]
Hydrogen economy to deliver £3.4 billion boost to North West
The development of hydrogen infrastructure in the North West could boost the regional economy by £3.4 billion by 2030 and create 11,500 jobs according to a new report from the North West Hydrogen Alliance (NWHA). The NWHA's economic impact assessment report has sought to understand the economic … [Read more...]
LSH Auto co-hosts sold-out ‘Magic of Manchester’ event with Women of the Year Awards sponsors
LSH Auto, the car dealership group behind the flagship Mercedes-Benz of Stockport Autohaus, has co-hosted a sold-out networking event for women in Greater Manchester. As a sponsor of the prestigious Women of the Year (WOTY) Awards 2024, LSH Auto has collaborated with headline sponsor Aldermore … [Read more...]
10 days to go to submit entries for the Stockport Business Awards
Stockport businesses have to just 10 days left to get their entries in before nominations close for the 2024 Stockport Business Awards. Founders, organisers and main sponsors of the awards, CN Chartered Accountants are reminding businesses to make sure they have their entries in before the … [Read more...]
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