Regus – Header – feb 2018

Barclays opens doors for Derbyshire company to expand

A Derbyshire company that specialises in the manufacture and fitting of windows, doors and conservatories has secured funding from Barclays to move to new...

Foresight invests £2m into energy firm

Foresight Nottingham Fund, the £40m regional fund for businesses invested in Nottingham and Nottinghamshire, has invested £2m in local peaking power developer, Mercia Power...

Financial services growth slows, says CBI/PwC

Rain Newton-Smith Growth in business volumes for financial services firms slowed in the three months to September, as optimism levelled out, according to the latest CBI/PwC Financial Services Survey.
Overall business volumes rose at their slowest pace in two years, following nearly two years of robust expansion. But building societies & finance houses and life insurance business volumes continued to grow at a healthy pace, the latter for a fifth consecutive quarter. Financial services firms expect growth to tick up in the next three months, but to remain below the strong growth seen earlier in the year.Optimism about the overall business situation was stable, after more than two and half years of continuous improvement.Strong competition seems to have had a knock-on effect on income growth for financial services firms, bearing down on fees & commissions as well as net interest, investment and trading income. But with average costs under control, profitability grew at a healthy pace, albeit somewhat slower than in recent quarters.Rain Newton-Smith, CBI director of economics, said: “The winds of volatility blowing through global markets have left a clear mark on the financial services sector, impacting business volumes and investment intentions, particularly in investment management and securities trading.“Nevertheless, building societies’ business volumes have rebounded, and with financial sector costs under control, profitability is in good shape. At the same time, investment in IT is set to increase as firms aim to improve efficiency.“Slower growth in China and other emerging markets has had a knock-on impact on confidence in the world economy, with the Federal Reserve holding off raising interest rates in the United States.“It’s interesting to see that the sector is waking up to the impact of FinTech. Firms will need to look carefully at their operations and put strategies in place in order to profit from or protect against the impact of new technologies.”

Business confidence on the up, says AIB

Owner managers are more optimistic than they were 12 months ago according to a survey by Allied Irish Bank (GB). In its second annual...

A1 Flues signs £500,000 partnership deal

A North Nottinghamshire company that makes commercial flue and chimney systems has signed a partnership agreement to promote natural ventilation systems which could result...

CBI: Manufacturing output stalls for first time in 2 years

Manufacturing output growth stalled in September – for the first time in two and a half years, according to the latest CBI Monthly Industrial...

Clinigen makes the link with £100m deal

Burton-on-Trent pharma company Clinigen has bought rival Link Healthcare, which focuses on the Asia, Africa and Australasia region, in a deal which could be...

No laughing matter as Jongleurs enters administration

Jongleurs, the chain of comedy clubs which has an outlet in Nottingham, has entered administration. Jongleurs currently operates eight venues across the UK and...

Berkeley Inns buys Ashbourne pub

Food lovers in Derbyshire will be able to welcome a new face and venue to the county this week, as The Three Horseshoes in...

Catapult sells stake in molecular diagnostics firm

Leicestershire-based private equity house Catapult Venture has sold Cambridge-based molecular diagnostics firm Lumora to ERBA Diagnostics Mannheim. Catapult first invested in Lumora in 2011....
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