The latest gross domestic product (GDP) data for May 2023 from the ONS shows the UK economy has not grown in the three months to May 2023. Monthly output of the UK economy was down 0.1% in May 2023, following modest 0.2% growth in the previous month. Overall, GDP has increased just 0.1% since … [Read more...]
News for: Business
Insolvency service launches online information hub for business owners
The Insolvency Service has launched a new online information hub to support company directors and ensure they meet their statutory obligations. Aimed specifically at the directors of micro-, small and medium-sized limited companies, the guidance and information included on the site hopes to … [Read more...]
Further acquisition for Stockport utilities group
Stockport-based specialist utilities sector contractor, OCU Group, has announced its acquisition of electrical engineering business, Hornbill Group. Based in Neath, South Wales, Hornbill is accredited by the National Electricity Registration Scheme and specialises in designing and building … [Read more...]
NatWest reveals fifth consecutive rise in business activity in the North West in June PMI survey
Firms in the North West recorded a fifth consecutive monthly rise in business activity in June, according to the latest NatWest UK Regional PMI survey. Despite the continued uplift in activity, the rate of growth eased to its slowest level since March following a drop in inflows of new work, with … [Read more...]
Manchester Airport to host UK’s first launchpad for Indian tech SMEs
Greater Manchester will host the UK's first launchpad for Indian tech SMEs, following a Memorandum of Understanding (MOU) being signed between the city-region's inward investment agency, MIDAS, Manchester Airports Group and Indian trade body, Nasscom. Nasscom, a trade body representing over 3000 … [Read more...]
Expert Opinion: Turn Customer Feedback into Actionable Insights
Customer experience experts, Insight6, explain the importance of asking for feedback from customers, and what to do with the information they give you. Most of us understand the importance of delivering exceptional customer experiences to drive loyalty, repeat business, and growth. But have you … [Read more...]
Manchester Airports Group exceeds £1 billion revenues in first year of restriction-free travel
Manchester Airports Group (MAG) has exceeded revenues of £1 billion for the first time, the group has revealed in its 2022/23 annual results. The 2022/23 financial year covers the airport's first full year of restriction-free travel following the global Covid-19 pandemic, which saw flights … [Read more...]
Foreign direct investment delivered 3,800 Greater Manchester jobs in 2022
Foreign direct investment in Greater Manchester created thousands of new jobs across the city-region, according to the latest government statistics published earlier in June 2023. The Department for Business and Trade Inward Investment Results for 2022-2023 revealed that the city-region attracted … [Read more...]
Local business survey shows slowdown in activity across all sectors of Greater Manchester economy
The Greater Manchester Chamber of Commerce's (GMCC) latest business survey has revealed a slight slowdown in activity in Q2 of 2023. The latest Quarterly Economic Survey (QES), conducted between 22nd May and 12th June, saw the Chamber's headline Greater Manchester Index fall from 30.3 in Q1, to … [Read more...]
Energy intensive businesses urged to claim discount on energy bills
Businesses in the most energy intensive industries have one month remaining to claim government support through the Energy Bills Discount Scheme. Companies have until 25th July to claim the discount, which could reduce energy bills by as much as a fifth, that will apply through to April 2024. … [Read more...]
Bank of England raises interest rates further to 5%
The Bank of England's Monetary Policy Committee (MPC) has agreed its 13th consecutive rise in its base interest rates, which now stand at 5% The 0.5 percentage point increase brings the bank's base rate to its highest level since early 2008, prior to the global financial crisis that ushered in … [Read more...]
Funding awarded for new ideas to improve Greater Manchester’s foundational economy
40 projects to improve ways of working in Greater Manchester's foundational economy have been awarded a combined total of £400,000 from Greater Manchester Combined Authority (GMCA). Each project has been awarded a £10,000 grant from GMCA's Foundational Economy Innovation Fund, launched in Autumn … [Read more...]
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